Data as of Oct 28, 2026.
QDTE vs RYLD: Dividend Yield & Total Return
Over the year to Oct 28, 2026, QDTE paid 34.2% of its price in cash against RYLD’s 12.1%, and returned more with it reinvested.
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Net assets: $919m on Oct 28, 2026 for Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF, and $1.3bn on Oct 12, 2026 for Global X Russell 2000 Covered Call ETF.
1.3 pts ahead of QQQ
QDTE over 1 year: paid 34.2%, price −21.6%, total +16.5%, QQQ +15.2%, +1.3 pts. Data to Oct 28, 2026.
QQQ
+15.2%
QDTE
+16.5%
34.2% of it arrived as cash
1.3 pts ahead of QQQ
Total return, distributions reinvested
1.3 pts ahead of QQQ
QDTE over 1 year: paid 34.2%, price −21.6%, total +16.5%, QQQ +15.2%, +1.3 pts. Data to Oct 28, 2026.
QQQ
+15.2%
QDTE
+16.5%
34.2% as cash
1.3 pts ahead of QQQ
34.2% of it arrived as cash. Total return, distributions reinvested. QDTE over 1 year: paid 34.2%, price −21.6%, total +16.5%, QQQ +15.2%, +1.3 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.2 pts behind IWM
RYLD over 1 year: paid 12.1%, price −0.6%, total +12.1%, IWM +14.1%, −2.0 pts. Data to Oct 28, 2026.
IWM
+14.1%
RYLD
+12.1%
12.1% of it arrived as cash
2 pts behind IWM
Total return, distributions reinvested
2 pts behind IWM
RYLD over 1 year: paid 12.1%, price −0.6%, total +12.1%, IWM +14.1%, −2.0 pts. Data to Oct 28, 2026.
IWM
+14.1%
RYLD
+12.1%
12.1% as cash
2 pts behind IWM
12.1% of it arrived as cash. Both charts share one scale, with zero at the line. RYLD over 1 year: paid 12.1%, price −0.6%, total +12.1%, IWM +14.1%, −2.0 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
RYLD costs 0.36 points a year less; their one-year returns differ by 4.4 points; RYLD is 1.4 times larger.
Points (pts) are percentage points.
| Measure | QDTE | RYLD |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +16.5% | +12.1% |
| Price change, 1 year | fell 21.6% | fell 0.6% |
| Return of capital, issuer estimate | 100% of the Oct 23, 2026 payment | 100% of the Sep 24, 2026 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | Russell 2000, measured through IWM |
| Against its benchmark, same days | ahead by 1.3 pts | behind by 2.0 pts |
| Cost and size | ||
| Expense ratio | 0.96% | 0.60% |
| Net assets, as of Oct 12, 2026 | $950m | $1.3bn |
| Holdings | ||
| Holdings in common | 0% | |
How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed
A percentile among the 164 income ETFs not writing on a single company. 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 →
Holdings in common uses holdings dated Jul 31, 2026 and Oct 28, 2026. Method
Risk and return
Mar 15, 2024 to Oct 23, 2026 · 136 weekly returnsEach against its own benchmark: QDTE against QQQ, Mar 15, 2024 to Oct 23, 2026; RYLD against IWM, May 3, 2019 to Oct 23, 2026.
QDTE returned more: +60.8% to +25.0%. RYLD swung less: 10.8% to 17.8%. RYLD fell less at its worst: −15.3% to −20.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | QDTE | RYLD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +60.8% | +25.0% | QDTE | Price change plus distributions, reinvested. |
| Annualized | +19.9% | +8.9% | QDTE | Total return as a yearly rate. |
| Price return | −38.8% | −9.3% | RYLD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.8% | 10.8% | RYLD | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.2% | 8.2% | RYLD | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −20.5% | −15.3% | RYLD | Deepest fall from a high to the low after it. |
| Upside capture | 81.9% | 33.1% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 91.4% | 62.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.85 | 0.54 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.93 | 0.73 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.87 | 0.45 | QDTE | Return above Treasury bills per unit of volatility. |
| Sortino | 1.27 | 0.58 | QDTE | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.182 | 0.063 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.97 | 0.58 | QDTE | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQ | IWM | The ETF each fund is measured against. | |
| Alpha | +1.2% a year | −1.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.39 | −0.43 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −4.8% to +7.2% | −7.0% to +4.5% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.23 | −0.38 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.7% | 13.9% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 136 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, QDTE and RYLD hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Oct 28, 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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | QDTE | RYLD | QDTE | RYLD | QDTE | RYLD |
| 3 months | +9.5% | −0.3% | 6.6% | 2.9% | −0.3 pts | +1.9 pts |
| 6 months | +10.2% | +6.8% | 14.9% | 6.2% | +0.3 pts | +2.9 pts |
| 1 year | +16.5% | +12.1% | 34.2% | 12.1% | +1.3 pts | −2.1 pts |
| 3 years | – | +38.8% | – | 35.9% | – | −40.5 pts |
| Since launchNot the same days: QDTE Mar 2024 · RYLD Apr 2019 | +61.4% | +49.0% | 75.3% | 68.4% | −3.8 pts | −50.0 pts |
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QDTE and RYLD are built for the same job. How do they differ in cost, holdings and results?
- Income paid. QDTE paid 34.2% and RYLD 12.1% (cash paid over 1 year, as a share of its price at the start), a gap of 22.1 points.
- What each is measured against. QDTE is measured against Nasdaq-100 through QQQ and RYLD against Russell 2000 through IWM.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026 and Jul 31, 2026).
Data as of Oct 28, 2026.
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QDTE
Over the year to Oct 28, 2026, QDTE paid 34.2% of its starting value in cash distributions while its price fell 21.6%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was ahead by 1.3 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 20.7%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
RYLD
Over the year to Oct 28, 2026, RYLD paid 12.1% of its starting value in cash distributions while its price fell 0.6%. With every distribution reinvested, the fund returned +12.1%. Russell 2000 (IWM) returned +14.1% over the same days, so a holder was behind by 2.0 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 11.5%, paid monthly. Global X estimates that 100% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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, QDTE against RYLD, data as of Oct 28, 2026. https://etfiq.com/compare/income/qdte-vs-ryld
ETFIQ. (Oct 28, 2026). QDTE against RYLD. Retrieved from https://etfiq.com/compare/income/qdte-vs-ryld
[QDTE against RYLD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/qdte-vs-ryld)
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