Data as of Nov 4, 2026.
QLDY vs TPRY: Dividend Yield & Total Return
QLDY and TPRY both write options for income.
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Net assets on Nov 3, 2026: $53m for Defiance Nasdaq 100 LightningSpread Income ETF and $3.3m for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF.
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, 2026.19.3 pts behind SPY
TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.
SPY
+12.1%
TPRY
−7.2%
19.3 pts behind SPY
Total return, distributions reinvested
19.3 pts behind SPY
TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.
SPY
+12.1%
TPRY
−7.2%
19.3 pts behind SPY
9.7% of it arrived as cash. Both charts share one scale, with zero at the line. TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TPRY costs 0.09 points a year less; QLDY is 16.1 times larger.
Points (pts) are percentage points.
| Measure | QLDY | TPRY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +9.1% | not published |
| Price change | fell 27.2% (1 year) | fell 16.1% (since Feb 26, 2026) |
| Return of capital, issuer estimate | 0% of the Nov 2, 2026 payment | 19% of the Oct 27, 2026 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 1.04% | 0.95% |
| Net assets, as of Nov 3, 2026 | $53m | $3.3m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, QLDY and TPRY hold 0% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | QLDY | TPRY | QLDY | TPRY | QLDY | TPRY |
| 3 months | −4.5% | −9.7% | 9.5% | 3.6% | −1.1 pts | −9.5 pts |
| 6 months | −3.1% | −14.1% | 18.5% | 6.9% | −2.8 pts | −19.1 pts |
| 1 year | +9.1% | – | 35.3% | – | −3.2 pts | – |
| Since launchNot the same days: QLDY Sep 2025 · TPRY Feb 2026 | +13.2% | −7.2% | 39.1% | 9.7% | −3.7 pts | −19.3 pts |
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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.
TPRY
Over the period from its first trade on Feb 26, 2026 to Nov 4, 2026, TPRY paid 9.7% of its starting value in cash distributions while its price fell 16.1%. With every distribution reinvested, the fund returned −7.2%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was behind by 19.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. VistaShares estimates that 19% of the distribution paid Oct 27, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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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 TPRY, data as of Nov 4, 2026. https://etfiq.com/compare/income/qldy-vs-tpry
ETFIQ. (Nov 4, 2026). QLDY against TPRY. Retrieved from https://etfiq.com/compare/income/qldy-vs-tpry
[QLDY against TPRY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/qldy-vs-tpry)
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