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Data as of Nov 4, 2026.

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Income ETFs

QDTE vs WDTE: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QDTE paid 34.7% of its price in cash against WDTE’s 27.9% and the two finished level on total return.

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Net assets: $881m on Nov 4, 2026 for Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF, and $69m on Nov 3, 2026 for Defiance S&P 500 Weekly Distribution ETF.

QDTE on its own →WDTE on its own →
At a glance
34.7%
QDTE cash paid, 1 year
27.9%
WDTE cash paid, 1 year
+13.7%
QDTE total return, 1 year
+14.1%
WDTE total return, 1 year
QDTE · 1 year to Nov 4, 2026 1.4 pts ahead of QQQ
QDTE
+13.7%
QQQ
+12.3%

1.4 pts ahead of QQQ

QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTE

+13.7%

34.7% of it arrived as cash

1.4 pts ahead of QQQ

Total return, distributions reinvested

1.4 pts ahead of QQQ

QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTE

+13.7%

34.7% as cash

1.4 pts ahead of QQQ

34.7% of it arrived as cash. Total return, distributions reinvested. QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
WDTE · 1 year to Nov 4, 2026 0.7 pts behind SPY
WDTE
+14.1%
SPY
+14.8%

0.7 pts behind SPY

WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.

SPY

+14.8%

WDTE

+14.1%

27.9% of it arrived as cash

0.7 pts behind SPY

Total return, distributions reinvested

0.7 pts behind SPY

WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.

SPY

+14.8%

WDTE

+14.1%

27.9% as cash

0.7 pts behind SPY

27.9% of it arrived as cash. Both charts share one scale, with zero at the line. WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

QDTE costs 0.07 points a year less; their one-year returns differ by 0.4 points; QDTE is 12.6 times larger.

Points (pts) are percentage points.

QDTE vs WDTE: Dividend Yield & Total Return
MeasureQDTEWDTE
Paid and earned
Total return, 1 year+13.7%+14.1%
Price change, 1 yearfell 23.4%fell 15.9%
Return of capital, issuer estimate100% of the Oct 30, 2026 payment100% of the Oct 30, 2026 payment
Against its benchmark
BenchmarkNasdaq-100, measured through QQQS&P 500, measured through SPY
Cost and size
Expense ratio0.96%1.03%
Net assets, as of Nov 3, 2026$869m$69m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · WDTE scores higher How much of what it paid out did its total return cover?
IQ Income Score32.6QDTE35.6WDTE

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

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 →

Method

What they share

0%

By the books each fund has filed, QDTE and WDTE hold 0% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first QDTE WDTE
Only in one fund ↓
Only in QDTE
QQQ 11/19/2027 70.11 C 73.55%
QQQ 09/17/2027 70.69 C 17.69%
Only in WDTE
Spx Us 12/18/26 C600 95.18%
Spx 11/05/2026 7710.15 C 0.14%
Spx 11/05/2026 7688.62 C -0.28%
Check overlap with more funds →

Side by side

QDTE Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF · 0DTE covered call on QQQ, paying weekly WDTE Defiance S&P 500 Weekly Distribution ETF · Option income on SPY, paying weekly
Issuer Roundhill Defiance
Strategy 0DTE covered call option income
Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)
Pays weekly weekly
Payout rate, annualized 27.9% 30.3%
Expense ratio 0.96% 1.03%
Cash paid, 1 year 34.7% 27.9%
Price change, 1 year −23.4% −15.9%
Total return, 1 year +13.7% +14.1%
Benchmark return, 1 year +12.3% +14.8%
Ahead or behind +1.4 pts −0.7 pts
Return of capital, latest estimate 100% 100%
Age 2.7 years 3.1 years
Net assets, QDTE as of Nov 4, 2026 and WDTE as of Nov 3, 2026 $881m $69m

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: QDTE vs WDTE: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowQDTEWDTEQDTEWDTEQDTEWDTE
3 months−1.6%−0.4%6.3%7.3%+1.8 pts−0.2 pts
6 months+1.6%+4.6%14.3%14.4%+2.0 pts−0.4 pts
1 year+13.7%+14.1%34.7%27.9%+1.5 pts−0.7 pts
3 years–+50.8%–78.5%–−32.1 pts
Since launchNot the same days: QDTE Mar 2024 · WDTE Sep 2023+55.2%+49.2%75.6%79.5%−2.3 pts−30.4 pts

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About each fund
QDTE

Over the year to Nov 4, 2026, QDTE paid 34.7% of its starting value in cash distributions while its price fell 23.4%. With every distribution reinvested, the fund returned +13.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 27.9%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

WDTE

Over the year to Nov 4, 2026, WDTE paid 27.9% of its starting value in cash distributions while its price fell 15.9%. With every distribution reinvested, the fund returned +14.1%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 0.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 30.3%, paid weekly. Defiance estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, QDTE or WDTE?
Over the year to Nov 4, 2026, QDTE paid 34.7% of its starting price in cash and WDTE paid 27.9%, 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 WDTE?
With every distribution reinvested, QDTE returned +13.7% and WDTE +14.1% over the year to Nov 4, 2026.
Which is cheaper, QDTE or WDTE?
QDTE charges 0.96% a year and WDTE charges 1.03%, so QDTE is cheaper. Fees come from each fund's prospectus.
Other comparisons
QDTE vs XYLGQDTE vs XRMIQDTE vs ACSPQDTE vs SPINWDTE vs CAIQWDTE vs BALQWDTE vs ACQQWDTE vs FTQI
Where to next
Nasdaq-100 (QQQ) →S&P 500 (SPY) →QDTE on its own →WDTE on its own →QDTE dividend history →QDTE holdings →WDTE dividend history →WDTE holdings →Method →Standards and sources →
Sources and dates
QDTE filings on SEC EDGAR ↗
QDTE prospectus with the expense ratio (SEC) ↗
QDTE 19a-1 distribution notice ↗
Roundhill page for QDTE ↗
WDTE filings on SEC EDGAR ↗
WDTE prospectus with the expense ratio (SEC) ↗
WDTE 19a-1 distribution notice ↗
Defiance page for WDTE ↗

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 WDTE, data as of Nov 4, 2026. https://etfiq.com/compare/income/qdte-vs-wdte

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