Which is cheaper, QLDY or ROCY?

QLDY charges 1.04% a year and ROCY charges 0.35%, so ROCY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

QLDY vs ROCY: Dividend Yield & Total Return

QLDY and ROCY both write options for income.

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Net assets on Nov 3, 2026: $53m for Defiance Nasdaq 100 LightningSpread Income ETF and $884m for JPMorgan Equity Premium Yield ETF.

QLDY on its own →ROCY on its own →

At a glance

35.3%

QLDY cash paid, 1 year

4.8%

ROCY cash paid, since launch, Mar 19, 2026

+9.1%

QLDY total return, 1 year

+15.3%

ROCY total return, since launch, Mar 19, 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%

3.2 pts behind QQQ

35.3% of it arrived as cash. Total return, distributions reinvested. 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.

ROCY · since launch to Nov 4, 2026 1.8 pts behind SPY

ROCY

+15.3%

SPY

+17.1%

1.8 pts behind SPY

ROCY since launch: paid 4.8%, price +10.2%, total +15.3%, SPY +17.1%, −1.8 pts. Data to Nov 4, 2026.

SPY

+17.1%

ROCY

+15.3%

4.8% as cash

1.8 pts behind SPY

Total return, distributions reinvested

1.8 pts behind SPY

ROCY since launch: paid 4.8%, price +10.2%, total +15.3%, SPY +17.1%, −1.8 pts. Data to Nov 4, 2026.

SPY

+17.1%

ROCY

+15.3%

1.8 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, with zero at the line. ROCY since launch: paid 4.8%, price +10.2%, total +15.3%, SPY +17.1%, −1.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

ROCY costs 0.69 points a year less; ROCY is 16.7 times larger.

Points (pts) are percentage points.

QLDY vs ROCY: Dividend Yield & Total Return
Measure	QLDY	ROCY
Paid and earned
Measure	QLDY	ROCY
Total return, 1 year	+9.1%	not published
Price change	fell 27.2% (1 year)	rose 10.2% (since Mar 19, 2026)
Return of capital, issuer estimate	0% of the Nov 2, 2026 payment
Against its benchmark
Measure	QLDY	ROCY
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	QLDY	ROCY
Expense ratio	1.04%	0.35%
Net assets, as of Nov 3, 2026	$53m	$884m
Holdings
Measure	QLDY	ROCY
Holdings in common	0%

Method

What they share

By the books each fund has filed, QLDY and ROCY hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first QLDY ROCY

Only in one fund ↓

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%

Only in ROCY

NVIDIA CORP COMMON STOCK 8.20%

APPLE INC COMMON STOCK 7.31%

MICROSOFT CORP COMMON 6.59%

AMAZON.COM INC COMMON 4.16%

ALPHABET INC-CL A 4.13%

META PLATFORMS INC COMMON 2.54%

BROADCOM INC COMMON 2.17%

MICRON TECHNOLOGY INC 2.11%

Check overlap with more funds →

Side by side

QLDY Defiance Nasdaq 100 LightningSpread Income ETF · Option income on QQQ, paying weekly ROCY JPMorgan Equity Premium Yield ETF · Covered call on SPY, paying monthly

Issuer Defiance JPMorgan

Strategy option income covered call

Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)

Pays weekly monthly

Payout rate, annualized 19.7% 6.6%

Expense ratio 1.04% 0.35%

Cash paid, 1 year 35.3% 4.8% (since launch, Mar 19, 2026)

Price change, 1 year −27.2% +10.2% (since launch, Mar 19, 2026)

Total return, 1 year +9.1% +15.3% (since launch, Mar 19, 2026)

Benchmark return, 1 year +12.3% +17.1% (since launch, Mar 19, 2026)

Ahead or behind −3.2 pts −1.8 pts (since launch, Mar 19, 2026)

Return of capital, latest estimate 0% not published

Age 1.1 years 230 days

Net assets, as of Nov 3, 2026 $53m $884m

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: QLDY vs ROCY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QLDY	ROCY	QLDY	ROCY	QLDY	ROCY
3 months	−4.5%	+1.1%	9.5%	1.6%	−1.1 pts	+1.2 pts
6 months	−3.1%	+6.5%	18.5%	3.5%	−2.8 pts	+1.5 pts
1 year	+9.1%	–	35.3%	–	−3.2 pts	–
Since launchNot the same days: QLDY Sep 2025 · ROCY Mar 2026	+13.2%	+15.3%	39.1%	4.8%	−3.7 pts	−1.9 pts

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Alert

About each fund

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). That is a tax label, not a measure of erosion.

ROCY

Over the period from its first trade on Mar 19, 2026 to Nov 4, 2026, ROCY paid 4.8% of its starting value in cash distributions while its price rose 10.2%. With every distribution reinvested, the fund returned +15.3%. S&P 500 (SPY) returned +17.1% over the same days, so a holder was behind by 1.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.6%, paid monthly.

Questions people ask

Which is cheaper, QLDY or ROCY?: QLDY charges 1.04% a year and ROCY charges 0.35%, so ROCY is cheaper. Fees come from each fund's prospectus.

Other comparisons

QLDY vs BALI QLDY vs DUBS QLDY vs FTHI QLDY vs XYLD ROCY vs QQQY ROCY vs QYLG ROCY vs TDAQ ROCY vs CAIQ

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →QLDY on its own →ROCY on its own →QLDY dividend history →QLDY holdings →ROCY dividend history →ROCY holdings →Method →Standards and sources →

Sources and dates

QLDY filings on SEC EDGAR ↗

QLDY prospectus with the expense ratio (SEC) ↗

QLDY 19a-1 distribution notice ↗

Defiance page for QLDY ↗

ROCY filings on SEC EDGAR ↗

ROCY prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.