Which paid more, QDTE or YMAG?

Over the year to Nov 4, 2026, QDTE paid 34.7% of its starting price in cash and YMAG paid 33.4%, 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 YMAG?

With every distribution reinvested, QDTE returned +13.7% and YMAG +5.8% over the year to Nov 4, 2026.

Which is cheaper, QDTE or YMAG?

QDTE charges 0.96% a year and YMAG charges 1.34%, so QDTE is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

QDTE vs YMAG: 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 YMAG’s 33.4%, and returned more with it reinvested.

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Net assets: $881m on Nov 4, 2026 for Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF, and $268m on Nov 3, 2026 for YieldMax Magnificent 7 Fund of Option Income ETFs.

QDTE on its own →YMAG on its own →

At a glance

34.7%

QDTE cash paid, 1 year

33.4%

YMAG cash paid, 1 year

+13.7%

QDTE total return, 1 year

+5.8%

YMAG 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.

YMAG · 1 year to Nov 4, 2026 1.2 pts ahead of its own holdings

YMAG

+5.8%

Own

+4.6%

1.2 pts ahead of its own holdings

YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.

its own holdings

+4.6%

YMAG

+5.8%

33.4% of it arrived as cash

1.2 pts ahead of its own holdings

Total return, distributions reinvested

1.2 pts ahead of its own holdings

YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.

its own holdings

+4.6%

YMAG

+5.8%

1.2 pts ahead of its own holdings

33.4% of it arrived as cash. Both charts share one scale, with zero at the line. YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

QDTE costs 0.38 points a year less; their one-year returns differ by 7.9 points; QDTE is 3.2 times larger.

Points (pts) are percentage points.

QDTE vs YMAG: Dividend Yield & Total Return
Measure	QDTE	YMAG
Paid and earned
Measure	QDTE	YMAG
Total return, 1 year	+13.7%	+5.8%
Price change, 1 year	fell 23.4%	fell 29.4%
Return of capital, issuer estimate	100% of the Oct 30, 2026 payment	11% of the Nov 5, 2026 payment
Against its benchmark
Measure	QDTE	YMAG
Benchmark	Nasdaq-100, measured through QQQ	its own holdings
Cost and size
Measure	QDTE	YMAG
Expense ratio	0.96%	1.34%
Net assets, as of Nov 3, 2026	$869m	$268m
Holdings
Measure	QDTE	YMAG
Holdings in common	0%

ETFIQ Distribution Coverage Score · QDTE scores higher How much of what it paid out did its total return cover?

IQ Income Score32.6QDTE23.1YMAG

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

QDTE 32.6

YMAG 23.1

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

Risk and return

Mar 15, 2024 to Oct 30, 2026 · 137 weekly returns

QDTE YMAG

Return

Total return edge Tie +58.0% +57.6%

Annualized edge Tie +19.0% +18.8%

Price return edge QDTE −40.2% −47.0%

Risk

Volatility edge QDTE (slight) 17.8% 19.7%

Max drawdown edge QDTE −20.5% −23.7%

Risk-adjusted

Sharpe edge QDTE (slight) 0.83 0.76

Sortino edge QDTE (slight) 1.20 1.14

Calmar edge QDTE 0.92 0.79

Reading

From Mar 2024 to Oct 2026, QDTE and YMAG returned about the same: +58.0% and +57.6%. QDTE swung slightly less: 17.8% to 19.7%. QDTE fell less at its worst: −20.5% to −23.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: QDTE vs YMAG: Dividend Yield & Total Return
Measure	QDTE	YMAG	Edge	How it is measured
Return
Total return	+58.0%	+57.6%	Tie	Price change plus distributions, reinvested.
Annualized	+19.0%	+18.8%	Tie	Total return as a yearly rate.
Price return	−40.2%	−47.0%	QDTE	Price change alone, distributions left out.
Risk
Volatility	17.8%	19.7%	QDTE (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	12.2%	13.1%	QDTE (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−20.5%	−23.7%	QDTE	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.83	0.76	QDTE (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.20	1.14	QDTE (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.92	0.79	QDTE	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 137 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first QDTE YMAG

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 YMAG

YieldMax MSFT Option Income Strategy ETF 15.10%

YieldMax AAPL Option Income Strategy ETF 15.04%

YieldMax Amzn Option Income ETF 14.92%

YieldMax Tsla Option Income ETF 14.83%

YieldMax NVDA Option Income Strategy ETF 13.66%

YieldMax Meta Option Income Strategy ETF 13.26%

YieldMax GOOGL Option Income Strategy ETF 12.23%

Check overlap with more funds →

Side by side

QDTE Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF · 0DTE covered call on QQQ, paying weekly YMAG YieldMax Magnificent 7 Fund of Option Income ETFs · Synthetic covered call on its own holdings, paying weekly

Issuer Roundhill YieldMax

Strategy 0DTE covered call synthetic covered call

Benchmark Nasdaq-100 (QQQ) YMAG's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026)

Pays weekly weekly

Payout rate, annualized 27.9% 31.4%

Expense ratio 0.96% 1.34%

Cash paid, 1 year 34.7% 33.4%

Price change, 1 year −23.4% −29.4%

Total return, 1 year +13.7% +5.8%

Benchmark return, 1 year +12.3% +4.6%

Ahead or behind +1.4 pts +1.2 pts

Return of capital, latest estimate 100% 11%

Age 2.7 years 2.8 years

Net assets, QDTE as of Nov 4, 2026 and YMAG as of Nov 3, 2026 $881m $268m

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 YMAG: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QDTE	YMAG	QDTE	YMAG	QDTE	YMAG
3 months	−1.6%	+3.3%	6.3%	9.1%	+1.8 pts	+0.3 pts
6 months	+1.6%	+1.9%	14.3%	18.1%	+2.0 pts	−0.2 pts
1 year	+13.7%	+5.8%	34.7%	33.4%	+1.5 pts	+1.2 pts
Since launchNot the same days: QDTE Mar 2024 · YMAG Jan 2024	+55.2%	+70.3%	75.6%	91.7%	−2.3 pts	not measured

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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.

YMAG

Over the year to Nov 4, 2026, YMAG paid 33.4% of its starting value in cash distributions while its price fell 29.4%. With every distribution reinvested, the fund returned +5.8%. YMAG's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) returned +4.6% over the same days, so a holder was ahead by 1.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.4%, paid weekly. YieldMax estimates that 11% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, QDTE or YMAG?: Over the year to Nov 4, 2026, QDTE paid 34.7% of its starting price in cash and YMAG paid 33.4%, 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 YMAG?: With every distribution reinvested, QDTE returned +13.7% and YMAG +5.8% over the year to Nov 4, 2026.
Which is cheaper, QDTE or YMAG?: QDTE charges 0.96% a year and YMAG charges 1.34%, so QDTE is cheaper. Fees come from each fund's prospectus.

Other comparisons

QDTE vs ULTY QDTE vs SIXH QDTE vs KYLD QDTE vs YMAX YMAG vs QYLD YMAG vs QQQI YMAG vs ROCQ YMAG vs XQQI

Where to next

Nasdaq-100 (QQQ) →QDTE on its own →YMAG on its own →QDTE dividend history →QDTE holdings →YMAG dividend history →YMAG 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 ↗

YMAG filings on SEC EDGAR ↗

YMAG prospectus with the expense ratio (SEC) ↗

YMAG 19a-1 distribution notice ↗

YieldMax page for YMAG ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, QDTE against YMAG, data as of Nov 4, 2026. https://etfiq.com/compare/income/qdte-vs-ymag

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