Which is cheaper, PCOV or QDTE?

PCOV charges 0.34% a year and QDTE charges 0.96%, so PCOV is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PCOV vs QDTE: Dividend Yield & Total Return

PCOV and QDTE both write options for income.

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Net assets: $10m on Nov 2, 2026 for Principal Equity Premium Income ETF, and $881m on Nov 4, 2026 for Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF.

PCOV on its own →QDTE on its own →

At a glance

1.9%

PCOV cash paid, since launch, Aug 19, 2026

34.7%

QDTE cash paid, 1 year

−0.1%

PCOV total return, since launch, Aug 19, 2026

+13.7%

QDTE total return, 1 year

PCOV · since launch to Nov 4, 2026 Not measured

PCOV

−0.1%

none

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

Total return, distributions reinvested

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

1.9% of it arrived as cash. Total return, distributions reinvested. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

QDTE · 1 year to Nov 4, 2026 1.4 pts ahead of QQQ

QDTE

+13.7%

QQQ

+12.3%

1.4 pts ahead of QQQ

QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTE

+13.7%

34.7% of it arrived as cash

1.4 pts ahead of QQQ

Total return, distributions reinvested

1.4 pts ahead of QQQ

QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTE

+13.7%

34.7% as cash

1.4 pts ahead of QQQ

34.7% of it arrived as cash. Both charts share one scale, with zero at the line. QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PCOV costs 0.62 points a year less; QDTE is far larger, $869m against $10m.

Points (pts) are percentage points.

PCOV vs QDTE: Dividend Yield & Total Return
Measure	PCOV	QDTE
Paid and earned
Measure	PCOV	QDTE
Total return, 1 year	not published	+13.7%
Price change	fell 2.0% (since Aug 19, 2026)	fell 23.4% (1 year)
Return of capital, issuer estimate		100% of the Oct 30, 2026 payment
Against its benchmark
Measure	PCOV	QDTE
Benchmark	not published	Nasdaq-100, measured through QQQ
Cost and size
Measure	PCOV	QDTE
Expense ratio	0.34%	0.96%
Net assets, as of Nov 3, 2026	$10m	$869m
Holdings
Measure	PCOV	QDTE
Holdings in common	not published

Method

Side by side

PCOV Principal Equity Premium Income ETF · Covered call QDTE Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF · 0DTE covered call on QQQ, paying weekly

Issuer Principal Roundhill

Strategy covered call 0DTE covered call

Benchmark none Nasdaq-100 (QQQ)

Pays not established weekly

Payout rate, annualized 7.2% 27.9%

Expense ratio 0.34% 0.96%

Cash paid, 1 year 1.9% (since launch, Aug 19, 2026) 34.7%

Price change, 1 year −2.0% (since launch, Aug 19, 2026) −23.4%

Total return, 1 year −0.1% (since launch, Aug 19, 2026) +13.7%

Benchmark return, 1 year not published +12.3%

Ahead or behind not available +1.4 pts

Return of capital, latest estimate not published 100%

Age 77 days 2.7 years

Net assets, PCOV as of Nov 2, 2026 and QDTE as of Nov 4, 2026 $10m $881m

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: PCOV vs QDTE: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PCOV	QDTE	PCOV	QDTE	PCOV	QDTE
3 months	–	−1.6%	–	6.3%	–	+1.8 pts
6 months	–	+1.6%	–	14.3%	–	+2.0 pts
1 year	–	+13.7%	–	34.7%	–	+1.5 pts
Since launchNot the same days: PCOV Aug 2026 · QDTE Mar 2024	−0.1%	+55.2%	1.9%	75.6%	not measured	−2.3 pts

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Alert

About each fund

PCOV

Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.

QDTE

Over the year to Nov 4, 2026, QDTE paid 34.7% of its starting value in cash distributions while its price fell 23.4%. With every distribution reinvested, the fund returned +13.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 27.9%, paid weekly. Roundhill 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 is cheaper, PCOV or QDTE?: PCOV charges 0.34% a year and QDTE charges 0.96%, so PCOV is cheaper. Fees come from each fund's prospectus.

Other comparisons

PCOV vs ACQQ PCOV vs ROCQ PCOV vs XQQI PCOV vs TDAQ QDTE vs XSHP QDTE vs YQQQ QDTE vs XVSP QDTE vs SIOO

Where to next

Nasdaq-100 (QQQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →PCOV on its own →QDTE on its own →PCOV dividend history →QDTE dividend history →QDTE holdings →Method →Standards and sources →

Sources and dates

PCOV filings on SEC EDGAR ↗

PCOV prospectus with the expense ratio (SEC) ↗

Principal website ↗

QDTE filings on SEC EDGAR ↗

QDTE prospectus with the expense ratio (SEC) ↗

QDTE 19a-1 distribution notice ↗

Roundhill page for QDTE ↗

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

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, PCOV against QDTE, data as of Nov 4, 2026. https://etfiq.com/compare/income/pcov-vs-qdte

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.