Data as of .
QDTE vs SPYI: which paid, and which earned it?
Over the year QDTE paid 36.8% of its price in cash against SPYI’s 12.1%, and returned more with it reinvested.
ETFIQ Return Stability Score: SPYI scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 161 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, QDTE and SPYI hold 0% of their money in the same securities at the same weight.
| Only in QDTE | Only in SPYI |
|---|---|
| NDX 03/19/2027 2510.15 C 26.01% | NVIDIA Corp 7.57% |
| 4NDX US 12/18/26 C2450.1 FLX 25.19% | Apple Inc 6.59% |
| NDX 06/11/2027 3059.42 C 22.18% | Microsoft Corp 4.32% |
| 4NDX US 09/18/26 C2250 FLX 18.27% | Amazon.com Inc 3.65% |
| Roundhill Weekly T-Bill ETF 5.05% | Alphabet Inc 3.28% |
| First American Government Obligations Fu 3.30% | Broadcom Inc 2.80% |
| Alphabet Inc 2.61% | |
| Micron Technology Inc 1.99% |
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 Jun 30, 2026 and Sep 11, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| QDTE | SPYI | QDTE | SPYI | QDTE | SPYI | |
| 3 months | +1.0% | +4.0% | 7.8% | 3.0% | +1.8 pts | +0.7 pts |
| 6 months | +16.9% | +12.6% | 15.9% | 6.3% | −3.8 pts | −3.4 pts |
| 1 year | +22.3% | +15.8% | 36.8% | 12.1% | −0.7 pts | −1.7 pts |
| 3 years | not published | +56.5% | not published | 37.4% | not published | −21.3 pts |
| Since launch | +58.3% | +76.9% | 73.8% | 49.2% | −4.3 pts | −25.6 pts |
| QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF 0DTE covered call on QQQ, paying weekly | SPYI NEOS S&P 500(R) High Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Roundhill | NEOS |
| Strategy | 0DTE covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 24.3% | 12.2% |
| Expense ratio | 0.96% | 0.68% |
| Cash paid, 1 year | 36.8% | 12.1% |
| Price change, 1 year | −18.5% | +2.6% |
| Total return, 1 year | +22.3% | +15.8% |
| Benchmark return, 1 year | +23.0% | +17.5% |
| Ahead or behind | −0.7 pts | −1.7 pts |
| Return of capital, latest estimate | not published | 93% |
| Age | 918 days | 1473 days |
QDTE in plain words
Over the year to Sep 11, 2026, QDTE paid 36.8% of its starting value in cash distributions while its price fell 18.5%. With every distribution reinvested, the fund returned +22.3%. Nasdaq-100 (QQQ) returned +23.0% over the same days, so a holder was behind by 0.7 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 24.3%, paid weekly.
SPYI in plain words
Over the year to Sep 11, 2026, SPYI paid 12.1% of its starting value in cash distributions while its price rose 2.6%. With every distribution reinvested, the fund returned +15.8%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was behind by 1.7 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 12.2%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, QDTE or SPYI?
- Over the year to Sep 11, 2026, QDTE paid 36.8% of its starting price in cash and SPYI paid 12.1%, so QDTE paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, QDTE or SPYI?
- With every distribution reinvested, QDTE returned +22.3% and SPYI returned +15.8% over the year to Sep 11, 2026, so QDTE returned more.
- Which is cheaper, QDTE or SPYI?
- QDTE charges 0.96% a year and SPYI charges 0.68%, so SPYI 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, QDTE against SPYI, data as of Sep 11, 2026. https://etfiq.com/compare/income/qdte-vs-spyi Free to use with attribution; the underlying files are at Open data.