Data as of .
QLDY vs YSPC: which paid, and which earned it?
QLDY and YSPC both write options for income.
What they hold in common
By the books each fund has filed, QLDY and YSPC hold 5% of their money in the same securities at the same weight.
| Holding | QLDY | YSPC |
|---|---|---|
| First American Government Obligations Fund 12/01/2031 | 4.77% | 5.82% |
| United States Treasury Note/bond 2.375% 05/15/2027 | 0.53% | 16.09% |
| Only in QLDY | Only in YSPC |
|---|---|
| Ndx 12/18/2026 2001.44 C 94.80% | United States Treasury Bill 07/08/2027 43.24% |
| Ndxp Us 09/21/26 P29500 0.08% | United States Treasury Bill 02/18/2027 34.02% |
| Xnd 12/18/2026 10.44 C 0.05% | SPCX 10/16/2026 150.01 C 6.39% |
| Cash & Other -0.06% | SPACE EX CLL OPT 09/26 162.500 0.62% |
| Nasdaq-1 Put Opt 09/26 29650 -0.16% | SPACE EX CLL OPT 09/26 157.500 0.07% |
| SPACE EX CLL OPT 09/26 152.500 -0.15% | |
| SPACE EX CLL OPT 09/26 155 -1.85% | |
| SPCX 10/16/2026 150.01 P -4.27% |
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 | YSPC | QLDY | YSPC | QLDY | YSPC | |
| 3 months | −6.6% | not published | 8.3% | not published | −4.1 pts | not published |
| 6 months | +20.1% | not published | 18.7% | not published | −4.2 pts | not published |
| 1 year | +10.6% | not published | 29.2% | not published | −11.2 pts | not published |
| Since launch | +10.6% | +6.4% | 29.2% | 10.9% | −11.2 pts | +5.3 pts |
| QLDY Defiance Nasdaq 100 LightningSpread(TM) Income ETF Option income on QQQ, paying weekly | YSPC YieldMax(R) [SpaceX] Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | Defiance | YieldMax |
| Strategy | option income | synthetic covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as the proxy |
| Pays | weekly | weekly |
| Payout rate, annualized | 19.6% | 63.0% |
| Expense ratio | 1.04% | 1.01% |
| Cash paid, 1 year | 29.2% | 10.9% (since launch on Jul 15, 2026) |
| Price change, 1 year | −20.3% | −5.3% |
| Total return, 1 year | +10.6% | +6.4% (since launch on Jul 15, 2026) |
| Benchmark return, 1 year | +21.8% | +1.2% |
| Ahead or behind | −11.2 pts | +5.3 pts |
| Return of capital, latest estimate | 100% | 0% |
| Age | 365 days | 65 days |
| Net assets | $52m | $32m |
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).
YSPC in plain words
Over the period since launch on Jul 15, 2026 to Sep 18, 2026, YSPC paid 10.9% of its starting value in cash distributions while its price fell 5.3%. With every distribution reinvested, the fund returned +6.4%. S&P 500 (SPY), used as the proxy returned +1.2% over the same days, so a holder was ahead by 5.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 63.0%, paid weekly. YieldMax estimates that 0% of the distribution paid Sep 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, QLDY or YSPC?
- QLDY charges 1.04% a year and YSPC charges 1.01%, so YSPC 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 YSPC, data as of Sep 18, 2026. https://etfiq.com/compare/income/qldy-vs-yspc Free to use with attribution; the underlying files are at Open data.