Data as of .
OEI vs QLDY: which paid, and which earned it?
OEI and QLDY both write options for income.
What they hold in common
By the books each fund has filed, OEI and QLDY hold 0% of their money in the same securities at the same weight.
| Only in OEI | Only in QLDY |
|---|---|
| NVIDIA Corp 8.32% | Ndx 12/18/2026 2001.44 C 94.80% |
| Microsoft Corp 5.99% | First American Government Obligations Fund 12/01/2031 4.77% |
| Amazon.com Inc 4.56% | United States Treasury Note/bond 2.375% 05/15/2027 0.53% |
| Apple Inc 4.28% | Ndxp Us 09/21/26 P29500 0.08% |
| Alphabet Inc 3.48% | Xnd 12/18/2026 10.44 C 0.05% |
| Broadcom Inc 3.04% | Cash & Other -0.06% |
| Alphabet Inc 2.79% | Nasdaq-1 Put Opt 09/26 29650 -0.16% |
| Micron Technology Inc 2.57% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OEI | QLDY | OEI | QLDY | OEI | QLDY | |
| 3 months | +4.8% | −6.6% | 2.3% | 8.3% | +2.5 pts | −4.1 pts |
| 6 months | +12.5% | +20.1% | 4.9% | 18.7% | −5.6 pts | −4.2 pts |
| 1 year | not published | +10.6% | not published | 29.2% | not published | −11.2 pts |
| Since launch | +14.4% | +10.6% | 8.6% | 29.2% | −0.9 pts | −11.2 pts |
| OEI Optimized Equity Income ETF Option income on SPY, paying monthly | QLDY Defiance Nasdaq 100 LightningSpread(TM) Income ETF Option income on QQQ, paying weekly | |
|---|---|---|
| Issuer | Core Alternative | Defiance |
| Strategy | option income | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | Nasdaq-100 (QQQ) |
| Pays | monthly | weekly |
| Payout rate, annualized | 9.2% | 19.6% |
| Expense ratio | 1.02% | 1.04% |
| Cash paid, 1 year | 8.6% (since launch on Oct 22, 2025) | 29.2% |
| Price change, 1 year | +5.2% | −20.3% |
| Total return, 1 year | +14.4% (since launch on Oct 22, 2025) | +10.6% |
| Benchmark return, 1 year | +15.3% | +21.8% |
| Ahead or behind | −0.9 pts | −11.2 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 331 days | 365 days |
| Net assets | $46m | $52m |
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
QLDY in plain words
Over the year to Sep 18, 2026, QLDY paid 29.2% of its starting value in cash distributions while its price fell 20.3%. With every distribution reinvested, the fund returned +10.6%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was behind by 11.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 19.6%, paid weekly. Defiance estimates that 100% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, OEI or QLDY?
- OEI charges 1.02% a year and QLDY charges 1.04%, so OEI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, OEI against QLDY, data as of Sep 18, 2026. https://etfiq.com/compare/income/oei-vs-qldy Free to use with attribution; the underlying files are at Open data.