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Data as of Nov 4, 2026.

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Income ETFs

OARK vs WDTE: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, OARK paid 33.3% of its price in cash against WDTE’s 27.9%, though WDTE returned more with it reinvested.

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Net assets on Nov 3, 2026: $38m for YieldMax Innovation Option Income Strategy ETF and $69m for Defiance S&P 500 Weekly Distribution ETF.

OARK on its own →WDTE on its own →
At a glance
33.3%
OARK cash paid, 1 year
27.9%
WDTE cash paid, 1 year
−2.6%
OARK total return, 1 year
+14.1%
WDTE total return, 1 year
OARK · 1 year to Nov 4, 2026 1.1 pts ahead of ARKK
OARK
−2.6%
ARKK
−3.7%

1.1 pts ahead of ARKK

OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

ARKK

−3.7%

OARK

−2.6%

1.1 pts ahead of ARKK

Total return, distributions reinvested

1.1 pts ahead of ARKK

OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

ARKK

−3.7%

OARK

−2.6%

1.1 pts ahead of ARKK

33.3% of it arrived as cash. Total return, distributions reinvested. OARK over 1 year: paid 33.3%, price −36.6%, total −2.6%, ARKK −3.7%, +1.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
WDTE · 1 year to Nov 4, 2026 0.7 pts behind SPY
WDTE
+14.1%
SPY
+14.8%

0.7 pts behind SPY

WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.

SPY

+14.8%

WDTE

+14.1%

27.9% of it arrived as cash

0.7 pts behind SPY

Total return, distributions reinvested

0.7 pts behind SPY

WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.

SPY

+14.8%

WDTE

+14.1%

27.9% as cash

0.7 pts behind SPY

27.9% of it arrived as cash. Both charts share one scale, with zero at the line. WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

OARK costs 0.03 points a year less; their one-year returns differ by 16.7 points; WDTE is 1.8 times larger.

Points (pts) are percentage points.

OARK vs WDTE: Dividend Yield & Total Return
MeasureOARKWDTE
Paid and earned
Total return, 1 year−2.6%+14.1%
Price change, 1 yearfell 36.6%fell 15.9%
Return of capital, issuer estimate100% of the Oct 30, 2026 payment
Against its benchmark
BenchmarkARK Innovation ETF, measured through ARKKS&P 500, measured through SPY
Cost and size
Expense ratio1.00%1.03%
Net assets, as of Nov 3, 2026$38m$69m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · WDTE scores higher How much of what it paid out did its total return cover?
IQ Income Score15.3OARK35.6WDTE

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

0%

By the books each fund has filed, OARK and WDTE hold 0% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first OARK WDTE
Only in one fund ↓
Only in OARK
United States Treasury Note/Bond 3.375% 09/15/2027 31.70%
United States Treasury Note/Bond 2.375% 05/15/2027 25.99%
2ARKK US 11/20/26 C85.01 FLX 1.48%
ARKK US 11/06/26 C83 0.25%
ARKK US 11/06/26 C84 0.07%
ARKK US 11/06/26 C82 -0.16%
ARKK US 11/06/26 C81 -0.68%
2ARKK US 11/20/26 P85.01 FLX -7.39%
Only in WDTE
Spx Us 12/18/26 C600 95.18%
Spx 11/05/2026 7710.15 C 0.14%
Spx 11/05/2026 7688.62 C -0.28%
Check overlap with more funds →

Side by side

OARK YieldMax Innovation Option Income Strategy ETF · Synthetic covered call on ARKK, paying weekly WDTE Defiance S&P 500 Weekly Distribution ETF · Option income on SPY, paying weekly
Issuer YieldMax Defiance
Strategy synthetic covered call option income
Benchmark ARK Innovation ETF (ARKK) S&P 500 (SPY)
Pays weekly weekly
Payout rate, annualized 31.8% 30.3%
Expense ratio 1.00% 1.03%
Cash paid, 1 year 33.3% 27.9%
Price change, 1 year −36.6% −15.9%
Total return, 1 year −2.6% +14.1%
Benchmark return, 1 year −3.7% +14.8%
Ahead or behind +1.1 pts −0.7 pts
Return of capital, latest estimate not published 100%
Age 3.9 years 3.1 years
Net assets, as of Nov 3, 2026 $38m $69m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: OARK vs WDTE: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowOARKWDTEOARKWDTEOARKWDTE
3 months+1.6%−0.4%8.3%7.3%−3.9 pts−0.2 pts
6 months−2.3%+4.6%17.8%14.4%−3.3 pts−0.4 pts
1 year−2.6%+14.1%33.3%27.9%+1.1 pts−0.7 pts
3 years+62.6%+50.8%95.8%78.5%−36.1 pts−32.1 pts
Since launchNot the same days: OARK Nov 2022 · WDTE Sep 2023+47.8%+49.2%90.4%79.5%−75.3 pts−30.4 pts

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About each fund
OARK

Over the year to Nov 4, 2026, OARK paid 33.3% of its starting value in cash distributions while its price fell 36.6%. With every distribution reinvested, the fund returned −2.6%. ARK Innovation ETF (ARKK) returned −3.7% over the same days, so a holder was ahead by 1.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.8%, paid weekly.

WDTE

Over the year to Nov 4, 2026, WDTE paid 27.9% of its starting value in cash distributions while its price fell 15.9%. With every distribution reinvested, the fund returned +14.1%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 0.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 30.3%, paid weekly. Defiance estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, OARK or WDTE?
Over the year to Nov 4, 2026, OARK paid 33.3% of its starting price in cash and WDTE paid 27.9%, so OARK paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, OARK or WDTE?
With every distribution reinvested, OARK returned −2.6% and WDTE +14.1% over the year to Nov 4, 2026.
Which is cheaper, OARK or WDTE?
OARK charges 1.00% a year and WDTE charges 1.03%, so OARK is cheaper. Fees come from each fund's prospectus.
Other comparisons
OARK vs XYLGOARK vs XRMIOARK vs ACSPOARK vs OEIWDTE vs YSPCWDTE vs QVOLWDTE vs SIOOWDTE vs YQQQ
Where to next
ARK Innovation ETF (ARKK) →S&P 500 (SPY) →OARK on its own →WDTE on its own →OARK dividend history →OARK holdings →WDTE dividend history →WDTE holdings →Method →Standards and sources →
Sources and dates
OARK and WDTE filings on SEC EDGAR ↗
OARK prospectus with the expense ratio (SEC) ↗
OARK 19a-1 distribution notice ↗
YieldMax page for OARK ↗
WDTE prospectus with the expense ratio (SEC) ↗
WDTE 19a-1 distribution notice ↗
Defiance page for WDTE ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, OARK against WDTE, data as of Nov 4, 2026. https://etfiq.com/compare/income/oark-vs-wdte

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