Which is cheaper, PCOV or QDTY?

PCOV charges 0.34% a year and QDTY charges 1.17%, so PCOV is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PCOV vs QDTY: Dividend Yield & Total Return

PCOV and QDTY both write options for income.

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Net assets: $10m on Nov 2, 2026 for Principal Equity Premium Income ETF, and $37m on Nov 3, 2026 for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF.

PCOV on its own →QDTY on its own →

At a glance

1.9%

PCOV cash paid, since launch, Aug 19, 2026

30.7%

QDTY cash paid, 1 year

−0.1%

PCOV total return, since launch, Aug 19, 2026

+10.1%

QDTY 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.

QDTY · 1 year to Nov 4, 2026 2.2 pts behind QQQ

QDTY

+10.1%

QQQ

+12.3%

2.2 pts behind QQQ

QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTY

+10.1%

30.7% of it arrived as cash

2.2 pts behind QQQ

Total return, distributions reinvested

2.2 pts behind QQQ

QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTY

+10.1%

30.7% as cash

2.2 pts behind QQQ

30.7% of it arrived as cash. Both charts share one scale, with zero at the line. QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PCOV costs 0.83 points a year less; QDTY is 3.7 times larger.

Points (pts) are percentage points.

PCOV vs QDTY: Dividend Yield & Total Return
Measure	PCOV	QDTY
Paid and earned
Measure	PCOV	QDTY
Total return, 1 year	not published	+10.1%
Price change	fell 2.0% (since Aug 19, 2026)	fell 21.9% (1 year)
Return of capital, issuer estimate		75% of the Nov 5, 2026 payment
Against its benchmark
Measure	PCOV	QDTY
Benchmark	not published	Nasdaq-100, measured through QQQ
Cost and size
Measure	PCOV	QDTY
Expense ratio	0.34%	1.17%
Net assets, as of Nov 3, 2026	$10m	$37m
Holdings
Measure	PCOV	QDTY
Holdings in common	not published

Method

Side by side

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

Issuer Principal YieldMax

Strategy covered call 0DTE covered call

Benchmark none Nasdaq-100 (QQQ)

Pays not established weekly

Payout rate, annualized 7.2% 30.9%

Expense ratio 0.34% 1.17%

Cash paid, 1 year 1.9% (since launch, Aug 19, 2026) 30.7%

Price change, 1 year −2.0% (since launch, Aug 19, 2026) −21.9%

Total return, 1 year −0.1% (since launch, Aug 19, 2026) +10.1%

Benchmark return, 1 year not published +12.3%

Ahead or behind not available −2.2 pts

Return of capital, latest estimate not published 75%

Age 77 days 1.7 years

Net assets, PCOV as of Nov 2, 2026 and QDTY as of Nov 3, 2026 $10m $37m

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 QDTY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PCOV	QDTY	PCOV	QDTY	PCOV	QDTY
3 months	–	−2.6%	–	7.4%	–	+0.8 pts
6 months	–	+0.6%	–	15.2%	–	+1.0 pts
1 year	–	+10.1%	–	30.7%	–	−2.2 pts
Since launchNot the same days: PCOV Aug 2026 · QDTY Feb 2025	−0.1%	+21.7%	1.9%	45.1%	not measured	−8.5 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.

QDTY

Over the year to Nov 4, 2026, QDTY paid 30.7% of its starting value in cash distributions while its price fell 21.9%. With every distribution reinvested, the fund returned +10.1%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 2.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 30.9%, paid weekly. YieldMax estimates that 75% of the distribution paid Nov 5, 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 QDTY?: PCOV charges 0.34% a year and QDTY charges 1.17%, so PCOV is cheaper. Fees come from each fund's prospectus.

Other comparisons

PCOV vs ACQQ PCOV vs BALQ PCOV vs QRMI PCOV vs QDTE QDTY vs XSHP QDTY vs YQQQ QDTY vs XVSP QDTY 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 →QDTY on its own →PCOV dividend history →QDTY dividend history →QDTY holdings →Method →Standards and sources →

Sources and dates

PCOV filings on SEC EDGAR ↗

PCOV prospectus with the expense ratio (SEC) ↗

Principal website ↗

QDTY filings on SEC EDGAR ↗

QDTY prospectus with the expense ratio (SEC) ↗

QDTY 19a-1 distribution notice ↗

YieldMax page for QDTY ↗

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 QDTY, data as of Nov 4, 2026. https://etfiq.com/compare/income/pcov-vs-qdty

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