Data as of .
QDTY vs TCAL: which paid, and which earned it?
Over the year QDTY paid 30.9% of its price in cash against TCAL’s 11.4%, and returned more with it reinvested.
ETFIQ Return Stability Score: QDTY scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 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, QDTY and TCAL hold 0% of their money in the same securities at the same weight.
| Only in QDTY | Only in TCAL |
|---|---|
| NDX 12/18/2026 1001.26 C 96.19% | DANAHER CORP 2.01% |
| XND 12/18/2026 10.02 C 3.21% | WATERS CORP 1.97% |
| First American Government Obligations Fund 12/01/2031 0.53% | VERALTO CORP 1.87% |
| United States Treasury Bill 10/15/2026 0.07% | WASTE CONNECTIONS INC 1.80% |
| YUM BRANDS INC 1.72% | |
| MCDONALD S CORP 1.70% | |
| VISA INC-CLASS A SHARES 1.69% | |
| LINDE PLC 1.63% |
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 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| QDTY | TCAL | QDTY | TCAL | QDTY | TCAL | |
| 3 months | −0.9% | +4.2% | 7.9% | 3.5% | +1.6 pts | +1.9 pts |
| 6 months | +20.7% | +5.3% | 17.3% | 6.3% | −3.6 pts | −12.7 pts |
| 1 year | +20.2% | +3.0% | 30.9% | 11.4% | −1.6 pts | −13.5 pts |
| Since launch | +27.1% | +3.9% | 42.0% | 15.2% | −8.5 pts | −32.7 pts |
| QDTY YieldMax(R) Nasdaq 100 0DTE Covered Call Strategy ETF 0DTE covered call on QQQ, paying weekly | TCAL T. Rowe Price Capital Appreciation Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | YieldMax | T. Rowe Price |
| Strategy | 0DTE covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | weekly | monthly |
| Payout rate, annualized | 25.9% | 9.4% |
| Expense ratio | 1.17% | 0.34% |
| Cash paid, 1 year | 30.9% | 11.4% |
| Price change, 1 year | −14.0% | −8.6% |
| Total return, 1 year | +20.2% | +3.0% |
| Benchmark return, 1 year | +21.8% | +16.6% |
| Ahead or behind | −1.6 pts | −13.5 pts |
| Return of capital, latest estimate | 94% | not published |
| Age | 582 days | 540 days |
| Net assets | $27m | $276m |
QDTY in plain words
Over the year to Sep 18, 2026, QDTY paid 30.9% of its starting value in cash distributions while its price fell 14.0%. With every distribution reinvested, the fund returned +20.2%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was behind by 1.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 25.9%, paid weekly. YieldMax estimates that 94% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
TCAL in plain words
Over the year to Sep 18, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 8.6%. With every distribution reinvested, the fund returned +3.0%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 13.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.4%, paid monthly.
Questions people ask
- Which paid more, QDTY or TCAL?
- Over the year to Sep 18, 2026, QDTY paid 30.9% of its starting price in cash and TCAL paid 11.4%, so QDTY 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 TCAL?
- With every distribution reinvested, QDTY returned +20.2% and TCAL returned +3.0% over the year to Sep 18, 2026, so QDTY returned more.
- Which is cheaper, QDTY or TCAL?
- QDTY charges 1.17% a year and TCAL charges 0.34%, so TCAL 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, QDTY against TCAL, data as of Sep 18, 2026. https://etfiq.com/compare/income/qdty-vs-tcal Free to use with attribution; the underlying files are at Open data.