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Data as of Nov 4, 2026.

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Income ETFs

QDTY vs QLDY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QLDY paid 35.3% of its price in cash against QDTY’s 30.7%, though QDTY returned more with it reinvested.

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Net assets on Nov 3, 2026: $37m for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF and $53m for Defiance Nasdaq 100 LightningSpread Income ETF.

QDTY on its own →QLDY on its own →
At a glance
30.7%
QDTY cash paid, 1 year
35.3%
QLDY cash paid, 1 year
+10.1%
QDTY total return, 1 year
+9.1%
QLDY total return, 1 year
QDTY · 1 year to Nov 4, 2026 2.2 pts behind QQQ
QDTY
+10.1%
QQQ
+12.3%

2.2 pts behind QQQ

QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTY

+10.1%

30.7% of it arrived as cash

2.2 pts behind QQQ

Total return, distributions reinvested

2.2 pts behind QQQ

QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QDTY

+10.1%

30.7% as cash

2.2 pts behind QQQ

30.7% of it arrived as cash. Total return, distributions reinvested. QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
QLDY · 1 year to Nov 4, 2026 3.2 pts behind QQQ
QLDY
+9.1%
QQQ
+12.3%

3.2 pts behind QQQ

QLDY over 1 year: paid 35.3%, price −27.2%, total +9.1%, QQQ +12.3%, −3.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QLDY

+9.1%

35.3% of it arrived as cash

3.2 pts behind QQQ

Total return, distributions reinvested

3.2 pts behind QQQ

QLDY over 1 year: paid 35.3%, price −27.2%, total +9.1%, QQQ +12.3%, −3.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QLDY

+9.1%

35.3% as cash

3.2 pts behind QQQ

35.3% of it arrived as cash. Both charts share one scale, with zero at the line. QLDY over 1 year: paid 35.3%, price −27.2%, total +9.1%, QQQ +12.3%, −3.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

QLDY costs 0.13 points a year less; their one-year returns differ by 1.0 point; QLDY is 1.4 times larger.

Points (pts) are percentage points.

QDTY vs QLDY: Dividend Yield & Total Return
MeasureQDTYQLDY
Paid and earned
Total return, 1 year+10.1%+9.1%
Price change, 1 yearfell 21.9%fell 27.2%
Return of capital, issuer estimate75% of the Nov 5, 2026 payment0% of the Nov 2, 2026 payment
Against its benchmark
BenchmarkNasdaq-100, measured through QQQNasdaq-100, measured through QQQ
Cost and size
Expense ratio1.17%1.04%
Net assets, as of Nov 3, 2026$37m$53m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · QDTY scores higher How much of what it paid out did its total return cover?
IQ Income Score27.8QDTY24.9QLDY

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, QDTY and QLDY 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 QDTY QLDY
Only in one fund ↓
Only in QDTY
NDX 12/18/2026 1001.26 C 95.10%
XND 12/18/2026 10.02 C 0.73%
United States Treasury Note/Bond 3.375% 09/15/2027 0.05%
Only in QLDY
Ndx 12/18/2026 2001.44 C 92.84%
United States Treasury Note/bond 2.375% 05/15/2027 0.49%
Exchange Put Opt 11/26 28320 0.15%
Xnd 12/18/2026 10.44 C 0.05%
Nasdaq-1 Put Opt 11/26 28470 -0.24%
Check overlap with more funds →

Side by side

QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF · 0DTE covered call on QQQ, paying weekly QLDY Defiance Nasdaq 100 LightningSpread Income ETF · Option income on QQQ, paying weekly
Issuer YieldMax Defiance
Strategy 0DTE covered call option income
Benchmark Nasdaq-100 (QQQ) Nasdaq-100 (QQQ)
Pays weekly weekly
Payout rate, annualized 30.9% 19.7%
Expense ratio 1.17% 1.04%
Cash paid, 1 year 30.7% 35.3%
Price change, 1 year −21.9% −27.2%
Total return, 1 year +10.1% +9.1%
Benchmark return, 1 year +12.3% +12.3%
Ahead or behind −2.2 pts −3.2 pts
Return of capital, latest estimate 75% 0%
Age 1.7 years 1.1 years
Net assets, as of Nov 3, 2026 $37m $53m

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: QDTY vs QLDY: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowQDTYQLDYQDTYQLDYQDTYQLDY
3 months−2.6%−4.5%7.4%9.5%+0.8 pts−1.1 pts
6 months+0.6%−3.1%15.2%18.5%+1.0 pts−2.8 pts
1 year+10.1%+9.1%30.7%35.3%−2.2 pts−3.2 pts
Since launchNot the same days: QDTY Feb 2025 · QLDY Sep 2025+21.7%+13.2%45.1%39.1%−8.5 pts−3.7 pts

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About each fund
QDTY

Over the year to Nov 4, 2026, QDTY paid 30.7% of its starting value in cash distributions while its price fell 21.9%. With every distribution reinvested, the fund returned +10.1%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 2.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 30.9%, paid weekly. YieldMax estimates that 75% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

QLDY

Over the year to Nov 4, 2026, QLDY paid 35.3% of its starting value in cash distributions while its price fell 27.2%. With every distribution reinvested, the fund returned +9.1%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 3.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 19.7%, paid weekly. Defiance estimates that 0% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, QDTY or QLDY?
Over the year to Nov 4, 2026, QDTY paid 30.7% of its starting price in cash and QLDY paid 35.3%, so QLDY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, QDTY or QLDY?
With every distribution reinvested, QDTY returned +10.1% and QLDY +9.1% over the year to Nov 4, 2026.
Which is cheaper, QDTY or QLDY?
QDTY charges 1.17% a year and QLDY charges 1.04%, so QLDY is cheaper. Fees come from each fund's prospectus.
Other comparisons
QDTY vs ACQQQDTY vs BALQQDTY vs QQQYQDTY vs QYLGQLDY vs ACQQQLDY vs BALQQLDY vs QRMIQLDY vs QQQY
Where to next
Nasdaq-100 (QQQ) →QDTY on its own →QLDY on its own →QDTY dividend history →QDTY holdings →QLDY dividend history →QLDY holdings →Method →Standards and sources →
Sources and dates
QDTY and QLDY filings on SEC EDGAR ↗
QDTY prospectus with the expense ratio (SEC) ↗
QDTY 19a-1 distribution notice ↗
YieldMax page for QDTY ↗
QLDY prospectus with the expense ratio (SEC) ↗
QLDY 19a-1 distribution notice ↗
Defiance page for QLDY ↗

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, QDTY against QLDY, data as of Nov 4, 2026. https://etfiq.com/compare/income/qdty-vs-qldy

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