Data as of .
QDTE vs ULTY: which paid, and which earned it?
Over the year ULTY paid 46.9% of its price in cash against QDTE’s 36.8%, though QDTE returned more with it reinvested.
ETFIQ Return Stability Score: QDTE 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 ULTY hold 0% of their money in the same securities at the same weight.
| Only in QDTE | Only in ULTY |
|---|---|
| NDX 03/19/2027 2510.15 C 26.01% | Alphabet Inc 5.66% |
| 4NDX US 12/18/26 C2450.1 FLX 25.19% | Analog Devices Inc 5.47% |
| NDX 06/11/2027 3059.42 C 22.18% | Amazon.com Inc 5.16% |
| 4NDX US 09/18/26 C2250 FLX 18.27% | Lam Research Corp 4.99% |
| Roundhill Weekly T-Bill ETF 5.05% | Ciena Corp 4.95% |
| First American Government Obligations Fu 3.30% | Quanta Services Inc 4.95% |
| Lumentum Holdings Inc 4.86% | |
| NVIDIA Corp 4.80% |
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 Apr 30, 2026 and Sep 11, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| QDTE | ULTY | QDTE | ULTY | QDTE | ULTY | |
| 3 months | +1.0% | −0.3% | 7.8% | 14.2% | +1.8 pts | −3.6 pts |
| 6 months | +16.9% | +11.2% | 15.9% | 29.8% | −3.8 pts | −4.8 pts |
| 1 year | +22.3% | −5.8% | 36.8% | 46.9% | −0.7 pts | −23.3 pts |
| Since launch | +58.3% | +9.0% | 73.8% | 86.7% | −4.3 pts | −45.9 pts |
| QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF 0DTE covered call on QQQ, paying weekly | ULTY YieldMax(R) Ultra Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | Roundhill | YieldMax |
| Strategy | 0DTE covered call | synthetic covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | weekly | weekly |
| Payout rate, annualized | 24.3% | 61.5% |
| Expense ratio | 0.96% | 1.30% |
| Cash paid, 1 year | 36.8% | 46.9% |
| Price change, 1 year | −18.5% | −53.3% |
| Total return, 1 year | +22.3% | −5.8% |
| Benchmark return, 1 year | +23.0% | +17.5% |
| Ahead or behind | −0.7 pts | −23.3 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 918 days | 925 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.
ULTY in plain words
Over the year to Sep 11, 2026, ULTY paid 46.9% of its starting value in cash distributions while its price fell 53.3%. With every distribution reinvested, the fund returned −5.8%. S&P 500 (SPY), used as a default proxy returned +17.5% over the same days, so a holder was behind by 23.3 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 61.5%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 10, 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 ULTY?
- Over the year to Sep 11, 2026, QDTE paid 36.8% of its starting price in cash and ULTY paid 46.9%, so ULTY 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 ULTY?
- With every distribution reinvested, QDTE returned +22.3% and ULTY returned −5.8% over the year to Sep 11, 2026, so QDTE returned more.
- Which is cheaper, QDTE or ULTY?
- QDTE charges 0.96% a year and ULTY charges 1.30%, so QDTE 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 ULTY, data as of Sep 11, 2026. https://etfiq.com/compare/income/qdte-vs-ulty Free to use with attribution; the underlying files are at Open data.