Data as of Nov 4, 2026.

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Income ETFs

PCOV vs QVOL: Dividend Yield & Total Return

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PCOV and QVOL both write options for income.

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Net assets: $10m on Nov 2, 2026 for Principal Equity Premium Income ETF, and $49m on Aug 31, 2026 for Infrastructure Capital Nasdaq Option Income ETF.

At a glance
1.9%
PCOV cash paid, since launch, Aug 19, 2026
6.4%
QVOL cash paid, since launch, May 12, 2026
−0.1%
PCOV total return, since launch, Aug 19, 2026
−7.8%
QVOL total return, since launch, May 12, 2026
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.
QVOL · since launch to Nov 4, 2026 7 pts behind ONEQ
QVOL
−7.8%
ONEQ
−0.8%

7 pts behind ONEQ

QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

ONEQ

−0.8%

QVOL

−7.8%

7 pts behind ONEQ

Total return, distributions reinvested

7 pts behind ONEQ

QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

ONEQ

−0.8%

QVOL

−7.8%

7 pts behind ONEQ

6.4% of it arrived as cash. Both charts share one scale, with zero at the line. QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PCOV costs 0.48 points a year less.

Points (pts) are percentage points.

PCOV vs QVOL: Dividend Yield & Total Return
MeasurePCOVQVOL
Paid and earned
Price changefell 2.0% (since Aug 19, 2026)fell 13.6% (since May 12, 2026)
Against its benchmark
Benchmarknot publishedFidelity Nasdaq Composite Index ETF, measured through ONEQ
Against its benchmark, same daysbehind by 7.0 pts
Cost and size
Expense ratio0.34%0.82%
Net assets, PCOV as of Nov 2, 2026 and QVOL as of Aug 31, 2026$10m$49m
Holdings
Holdings in commonnot published

Method

Side by side

PCOV Principal Equity Premium Income ETF · Covered call QVOL Infrastructure Capital Nasdaq Option Income ETF · Option income on ONEQ, paying monthly
Strategy covered call option income
Benchmark none Fidelity Nasdaq Composite Index ETF (ONEQ)
Pays not established monthly
Payout rate, annualized 7.2% 15.3%
Expense ratio 0.34% 0.82%
Cash paid, 1 year 1.9% (since launch, Aug 19, 2026) 6.4% (since launch, May 12, 2026)
Price change, 1 year −2.0% (since launch, Aug 19, 2026) −13.6% (since launch, May 12, 2026)
Total return, 1 year −0.1% (since launch, Aug 19, 2026) −7.8% (since launch, May 12, 2026)
Benchmark return, 1 year not published −0.8% (since launch, May 12, 2026)
Ahead or behind not available −7.0 pts (since launch, May 12, 2026)
Return of capital, latest estimate not published not published
Age 77 days 176 days
Net assets, PCOV as of Nov 2, 2026 and QVOL as of Aug 31, 2026 $10m $49m

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 QVOL: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowPCOVQVOLPCOVQVOLPCOVQVOL
3 months–−12.2%–3.2%–−10.0 pts
Since launchNot the same days: PCOV Aug 2026 · QVOL May 2026−0.1%−7.8%1.9%6.4%not measured−7.0 pts

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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.

QVOL

Over the period from its first trade on May 12, 2026 to Nov 4, 2026, QVOL paid 6.4% of its starting value in cash distributions while its price fell 13.6%. With every distribution reinvested, the fund returned −7.8%. Fidelity Nasdaq Composite Index ETF (ONEQ) returned −0.8% over the same days, so a holder was behind by 7.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.3%, paid monthly.

Questions people ask

Which is cheaper, PCOV or QVOL?
PCOV charges 0.34% a year and QVOL charges 0.82%, so PCOV is cheaper. Fees come from each fund's prospectus.
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ETFIQ, PCOV against QVOL, data as of Nov 4, 2026. https://etfiq.com/compare/income/pcov-vs-qvol

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