Data as of .
QLDY vs TPRY: which paid, and which earned it?
QLDY and TPRY both write options for income.
What they hold in common
By the books each fund has filed, QLDY and TPRY hold 0% of their money in the same securities at the same weight.
| Only in QLDY | Only in TPRY |
|---|---|
| Ndx 12/18/2026 2001.44 C 94.80% | Micron Technology Inc 13.23% |
| First American Government Obligations Fund 12/01/2031 4.77% | Amazon.com Inc 12.40% |
| United States Treasury Note/bond 2.375% 05/15/2027 0.53% | Taiwan Semiconductor Manufacturing Co Ltd 8.48% |
| Ndxp Us 09/21/26 P29500 0.08% | Alphabet Inc 6.91% |
| Xnd 12/18/2026 10.44 C 0.05% | Meta Platforms Inc 5.35% |
| Cash & Other -0.06% | Uber Technologies Inc 5.23% |
| Nasdaq-1 Put Opt 09/26 29650 -0.16% | Apple Inc 4.91% |
| Vistra Corp 4.57% |
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 Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| QLDY | TPRY | QLDY | TPRY | QLDY | TPRY | |
| 3 months | −6.6% | −5.9% | 8.3% | 3.5% | −4.1 pts | −8.2 pts |
| 6 months | +20.1% | +11.9% | 18.7% | 8.1% | −4.2 pts | −6.1 pts |
| 1 year | +10.6% | not published | 29.2% | not published | −11.2 pts | not published |
| Since launch | +10.6% | +2.1% | 29.2% | 7.4% | −11.2 pts | −9.3 pts |
| QLDY Defiance Nasdaq 100 LightningSpread(TM) Income ETF Option income on QQQ, paying weekly | TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Defiance | VistaShares |
| Strategy | option income | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | weekly | monthly |
| Payout rate, annualized | 19.6% | 15.3% |
| Expense ratio | 1.04% | 0.95% |
| Cash paid, 1 year | 29.2% | 7.4% (since launch on Feb 26, 2026) |
| Price change, 1 year | −20.3% | −5.4% |
| Total return, 1 year | +10.6% | +2.1% (since launch on Feb 26, 2026) |
| Benchmark return, 1 year | +21.8% | +11.4% |
| Ahead or behind | −11.2 pts | −9.3 pts |
| Return of capital, latest estimate | 100% | not published |
| Age | 365 days | 204 days |
| Net assets | $52m | $4m |
QLDY in plain words
Over the year to Sep 18, 2026, QLDY paid 29.2% of its starting value in cash distributions while its price fell 20.3%. With every distribution reinvested, the fund returned +10.6%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was behind by 11.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 19.6%, paid weekly. Defiance estimates that 100% 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).
TPRY in plain words
Over the period since launch on Feb 26, 2026 to Sep 18, 2026, TPRY paid 7.4% of its starting value in cash distributions while its price fell 5.4%. With every distribution reinvested, the fund returned +2.1%. S&P 500 (SPY), used as a default proxy returned +11.4% over the same days, so a holder was behind by 9.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 15.3%, paid monthly.
Questions people ask
- Which is cheaper, QLDY or TPRY?
- QLDY charges 1.04% a year and TPRY charges 0.95%, so TPRY 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, QLDY against TPRY, data as of Sep 18, 2026. https://etfiq.com/compare/income/qldy-vs-tpry Free to use with attribution; the underlying files are at Open data.