Which is cheaper, QLDY or XVSP?

QLDY charges 1.04% a year and XVSP charges 0.85%, so XVSP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

QLDY vs XVSP: Dividend Yield & Total Return

QLDY and XVSP both write options for income.

askIQ about this page

Net assets on Nov 3, 2026: $53m for Defiance Nasdaq 100 LightningSpread Income ETF and $4.5m for FT Vest SPCX & Target Income ETF.

QLDY on its own →XVSP on its own →

At a glance

35.3%

QLDY cash paid, 1 year

2.7%

XVSP cash paid, since launch, Aug 26, 2026

+9.1%

QLDY total return, 1 year

−2.2%

XVSP total return, since launch, Aug 26, 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%

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.

XVSP · since launch to Nov 4, 2026 About even with SPCX

XVSP

−2.2%

SPCX

−2.7%

About even with SPCX

XVSP since launch: paid 2.7%, price −4.6%, total −2.2%, SPCX −2.7%, +0.5 pts. Data to Nov 4, 2026.

SPCX

−2.7%

XVSP

−2.2%

about even with SPCX

Total return, distributions reinvested

About even with SPCX

XVSP since launch: paid 2.7%, price −4.6%, total −2.2%, SPCX −2.7%, +0.5 pts. Data to Nov 4, 2026.

SPCX

−2.7%

XVSP

−2.2%

about even with SPCX

2.7% of it arrived as cash. Both charts share one scale, with zero at the line. XVSP since launch: paid 2.7%, price −4.6%, total −2.2%, SPCX −2.7%, +0.5 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

XVSP costs 0.19 points a year less; QLDY is 11.8 times larger.

Points (pts) are percentage points.

QLDY vs XVSP: Dividend Yield & Total Return
Measure	QLDY	XVSP
Paid and earned
Measure	QLDY	XVSP
Total return, 1 year	+9.1%	not published
Price change	fell 27.2% (1 year)	fell 4.6% (since Aug 26, 2026)
Return of capital, issuer estimate	0% of the Nov 2, 2026 payment	100% of the Oct 30, 2026 payment
Against its benchmark
Measure	QLDY	XVSP
Benchmark	Nasdaq-100, measured through QQQ	Space Exploration Technologies (SPCX)
Cost and size
Measure	QLDY	XVSP
Expense ratio	1.04%	0.85%
Net assets, as of Nov 3, 2026	$53m	$4.5m
Holdings
Measure	QLDY	XVSP
Holdings in common	0%

Method

What they share

By the books each fund has filed, QLDY and XVSP 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 XVSP

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 XVSP

2027-01-21 S&P 500® Mini Index P 1,500.03 342.87%

2027-01-21 S&P 500® Mini Index C 500.03 122.35%

Space Exploration Technologies Corp. (Class A) 50.05%

2027-01-21 S&P 500® Mini Index C 1,500.03 0.00%

2027-01-22 Space Exploration Technologies Corp. (Class A) C 1,327.41 0.00%

2027-01-21 S&P 500® Mini Index P 500.03 -0.49%

2026-11-06 Space Exploration Technologies Corp. (Class A) C 135 -0.52%

2027-01-22 Space Exploration Technologies Corp. (Class A) P 1,327.41 -416.73%

Check overlap with more funds →

Side by side

QLDY Defiance Nasdaq 100 LightningSpread Income ETF · Option income on QQQ, paying weekly XVSP FT Vest SPCX & Target Income ETF · Option income on SPCX

Issuer Defiance First Trust

Strategy option income option income

Benchmark Nasdaq-100 (QQQ) Space Exploration Technologies (SPCX)

Pays weekly not established

Payout rate, annualized 19.7% 16.6%

Expense ratio 1.04% 0.85%

Cash paid, 1 year 35.3% 2.7% (since launch, Aug 26, 2026)

Price change, 1 year −27.2% −4.6% (since launch, Aug 26, 2026)

Total return, 1 year +9.1% −2.2% (since launch, Aug 26, 2026)

Benchmark return, 1 year +12.3% −2.7% (since launch, Aug 26, 2026)

Ahead or behind −3.2 pts +0.5 pts (since launch, Aug 26, 2026)

Return of capital, latest estimate 0% 100%

Age 1.1 years 70 days

Net assets, as of Nov 3, 2026 $53m $4.5m

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 XVSP: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QLDY	XVSP	QLDY	XVSP	QLDY	XVSP
3 months	−4.5%	–	9.5%	–	−1.1 pts	–
6 months	−3.1%	–	18.5%	–	−2.8 pts	–
1 year	+9.1%	–	35.3%	–	−3.2 pts	–
Since launchNot the same days: QLDY Sep 2025 · XVSP Aug 2026	+13.2%	−2.2%	39.1%	2.7%	−3.7 pts	+0.4 pts

– means no data for this window. Open this comparison in the app →

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.

XVSP

Over the period from its first trade on Aug 26, 2026 to Nov 4, 2026, XVSP paid 2.7% of its starting value in cash distributions while its price fell 4.6%. With every distribution reinvested, the fund returned −2.2%. Space Exploration Technologies (SPCX) returned −2.7% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 16.6%, paid periodically. First Trust estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, QLDY or XVSP?: QLDY charges 1.04% a year and XVSP charges 0.85%, so XVSP is cheaper. Fees come from each fund's prospectus.

Other comparisons

QLDY vs YSPC QLDY vs XSHP QLDY vs YLDE QLDY vs PAPI XVSP vs QQQY XVSP vs QYLG XVSP vs TDAQ XVSP vs XQQI

Where to next

Nasdaq-100 (QQQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →QLDY on its own →XVSP on its own →QLDY dividend history →QLDY holdings →XVSP dividend history →XVSP 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 ↗

XVSP filings on SEC EDGAR ↗

XVSP prospectus with the expense ratio (SEC) ↗

XVSP 19a-1 distribution notice ↗

First Trust page for XVSP ↗

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 XVSP, data as of Nov 4, 2026. https://etfiq.com/compare/income/qldy-vs-xvsp

Open data →

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