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Data as of Nov 4, 2026.

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Income ETFs

QLDY vs SPIN: 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 SPIN’s 5.1% and the two finished level on total return.

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Net assets on Nov 3, 2026: $53m for Defiance Nasdaq 100 LightningSpread Income ETF and $45m for State Street US Equity Premium Income ETF.

QLDY on its own →SPIN on its own →
At a glance
35.3%
QLDY cash paid, 1 year
5.1%
SPIN cash paid, 1 year
+9.1%
QLDY total return, 1 year
+9.3%
SPIN total return, 1 year
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% cash

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.
SPIN · 1 year to Nov 4, 2026 5.5 pts behind SPY
SPIN
+9.3%
SPY
+14.8%

5.5 pts behind SPY

SPIN over 1 year: paid 5.1%, price +3.9%, total +9.3%, SPY +14.8%, −5.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPIN

+9.3%

5.1% of it arrived as cash

5.5 pts behind SPY

Total return, distributions reinvested

5.5 pts behind SPY

SPIN over 1 year: paid 5.1%, price +3.9%, total +9.3%, SPY +14.8%, −5.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPIN

+9.3%

5.5 pts behind SPY

5.1% of it arrived as cash. Both charts share one scale, with zero at the line. SPIN over 1 year: paid 5.1%, price +3.9%, total +9.3%, SPY +14.8%, −5.5 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

SPIN costs 0.79 points a year less; their one-year returns differ by 0.2 points; QLDY is 1.2 times larger.

Points (pts) are percentage points.

QLDY vs SPIN: Dividend Yield & Total Return
MeasureQLDYSPIN
Paid and earned
Total return, 1 year+9.1%+9.3%
Price change, 1 yearfell 27.2%rose 3.9%
Return of capital, issuer estimate0% of the Nov 2, 2026 payment97% of the Nov 5, 2026 payment
Against its benchmark
BenchmarkNasdaq-100, measured through QQQS&P 500, measured through SPY
Cost and size
Expense ratio1.04%0.25%
Net assets, as of Nov 3, 2026$53m$45m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · SPIN scores higher How much of what it paid out did its total return cover?
IQ Income Score24.9QLDY84.1SPIN

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, QLDY and SPIN hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first QLDY SPIN
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 SPIN
NVIDIA CORP 9.22%
MICROSOFT CORP 7.47%
APPLE INC 6.03%
AMAZON.COM INC 4.87%
ALPHABET INC CL A 4.59%
BROADCOM INC 3.37%
META PLATFORMS INC CLASS A 2.93%
ELI LILLY + CO 2.50%
Check overlap with more funds →

Side by side

QLDY Defiance Nasdaq 100 LightningSpread Income ETF · Option income on QQQ, paying weekly SPIN State Street US Equity Premium Income ETF · Covered call on SPY, paying monthly
Issuer Defiance State Street
Strategy option income covered call
Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)
Pays weekly monthly
Payout rate, annualized 19.7% 5.5%
Expense ratio 1.04% 0.25%
Cash paid, 1 year 35.3% 5.1%
Price change, 1 year −27.2% +3.9%
Total return, 1 year +9.1% +9.3%
Benchmark return, 1 year +12.3% +14.8%
Ahead or behind −3.2 pts −5.5 pts
Return of capital, latest estimate 0% 97%
Age 1.1 years 2.2 years
Net assets, as of Nov 3, 2026 $53m $45m

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 SPIN: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowQLDYSPINQLDYSPINQLDYSPIN
3 months−4.5%+0.8%9.5%0.9%−1.1 pts+0.9 pts
6 months−3.1%+6.0%18.5%1.9%−2.8 pts+1.0 pts
1 year+9.1%+9.3%35.3%5.1%−3.2 pts−5.5 pts
Since launchNot the same days: QLDY Sep 2025 · SPIN Sep 2024+13.2%+30.3%39.1%16.0%−3.7 pts−12.9 pts

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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.

SPIN

Over the year to Nov 4, 2026, SPIN paid 5.1% of its starting value in cash distributions while its price rose 3.9%. With every distribution reinvested, the fund returned +9.3%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 5.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.5%, paid monthly. State Street estimates that 97% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, QLDY or SPIN?
Over the year to Nov 4, 2026, QLDY paid 35.3% of its starting price in cash and SPIN paid 5.1%, 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, QLDY or SPIN?
With every distribution reinvested, QLDY returned +9.1% and SPIN +9.3% over the year to Nov 4, 2026.
Which is cheaper, QLDY or SPIN?
QLDY charges 1.04% a year and SPIN charges 0.25%, so SPIN is cheaper. Fees come from each fund's prospectus.
Other comparisons
QLDY vs ACKYQLDY vs ACSPQLDY vs XRMIQLDY vs BIGYSPIN vs QQQISPIN vs BALQSPIN vs ACQQSPIN vs QQQY
Where to next
Nasdaq-100 (QQQ) →S&P 500 (SPY) →QLDY on its own →SPIN on its own →QLDY dividend history →QLDY holdings →SPIN dividend history →SPIN 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 ↗
SPIN filings on SEC EDGAR ↗
SPIN prospectus with the expense ratio (SEC) ↗
SPIN 19a-1 distribution notice ↗
State Street website ↗

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

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