Data as of Nov 4, 2026.
QQQY vs QYLD: Dividend Yield & Total Return
Over the year to Nov 4, 2026, QQQY paid 29.9% of its price in cash against QYLD’s 12.3%, though QYLD returned more with it reinvested.
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Net assets: $178m on Nov 3, 2026 for Defiance Nasdaq 100 Weekly Distribution ETF, and $8.5bn on Oct 12, 2026 for Global X NASDAQ 100 Covered Call ETF.
1.3 pts ahead of QQQ
QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QQQY
+13.6%
29.9% of it arrived as cash
1.3 pts ahead of QQQ
Total return, distributions reinvested
1.3 pts ahead of QQQ
QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QQQY
+13.6%
29.9% as cash
1.3 pts ahead of QQQ
29.9% of it arrived as cash. Total return, distributions reinvested. QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.4.2 pts ahead of QQQ
QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QYLD
+16.5%
12.3% of it arrived as cash
4.2 pts ahead of QQQ
Total return, distributions reinvested
4.2 pts ahead of QQQ
QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QYLD
+16.5%
12.3% as cash
4.2 pts ahead of QQQ
12.3% of it arrived as cash. Both charts share one scale, with zero at the line. QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
QYLD costs 0.41 points a year less; their one-year returns differ by 2.9 points; QYLD is far larger, $8.5bn against $193m.
Points (pts) are percentage points.
| Measure | QQQY | QYLD |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +13.6% | +16.5% |
| Price change, 1 year | fell 17.8% | rose 3.3% |
| Return of capital, issuer estimate | 81% of the Oct 30, 2026 payment | 99% of the Sep 24, 2026 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 1.01% | 0.60% |
| Net assets, as of Oct 12, 2026 | $193m | $8.5bn |
| Holdings | ||
| Holdings in common | 0% | |
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
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 →
Risk and return
Sep 22, 2023 to Oct 30, 2026 · 162 weekly returns · each against QQQFrom Sep 2023 to Oct 2026, QYLD returned slightly more: +55.6% to +54.5%. QYLD swung less: 11.7% to 14.9%. QYLD fell slightly less at its worst: −17.5% to −18.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | QQQY | QYLD | QQQ | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +54.5% | +55.6% | QYLD (slight) | Price change plus distributions, reinvested. | |
| Annualized | +15.0% | +15.3% | Tie | Total return as a yearly rate. | |
| Price return | −65.0% | +6.9% | QYLD | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 14.9% | 11.7% | QYLD | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 10.5% | 8.1% | QYLD | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −18.3% | −17.5% | QYLD (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 61.4% | 39.5% | 100.0% | QQQY | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 85.5% | 59.8% | 100.0% | QYLD | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.71 | 0.52 | 1.00 | QYLD lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.88 | 0.75 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.71 | 0.89 | QYLD | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.01 | 1.28 | QYLD | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.148 | 0.199 | 0.191 | QYLD | Return above Treasury bills per unit of beta. |
| Calmar | 0.82 | 0.87 | QYLD (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | QQQ | QQQ | QQQ | The ETF each fund is measured against. | |
| Alpha | −3.0% a year | +0.4% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.01 | 0.13 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −9.0% to +2.9% | −6.1% to +7.0% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −1.11 | −0.79 | QYLD | Return against its benchmark per unit of tracking error. | |
| Tracking error | 7.6% | 11.0% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 162 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, QQQY and QYLD hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and 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 | QQQY | QYLD | QQQY | QYLD | QQQY | QYLD |
| 3 months | −3.5% | +2.4% | 7.3% | 3.0% | −0.1 pts | +5.9 pts |
| 6 months | +0.4% | +5.4% | 15.4% | 6.0% | +0.7 pts | +5.8 pts |
| 1 year | +13.6% | +16.5% | 29.9% | 12.3% | +1.3 pts | +4.2 pts |
| 3 years | +51.9% | +52.7% | 88.2% | 37.9% | −39.4 pts | −38.6 pts |
| Since launchNot the same days: QQQY Sep 2023 · QYLD Dec 2013 | +49.8% | +194.8% | 88.1% | 117.5% | −37.0 pts | −610.5 pts |
Client brief:
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QQQY
Over the year to Nov 4, 2026, QQQY paid 29.9% of its starting value in cash distributions while its price fell 17.8%. With every distribution reinvested, the fund returned +13.6%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.5%, paid weekly. Defiance estimates that 81% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
QYLD
Over the year to Nov 4, 2026, QYLD paid 12.3% of its starting value in cash distributions while its price rose 3.3%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.2%, paid monthly. Global X estimates that 99% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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, QQQY against QYLD, data as of Nov 4, 2026. https://etfiq.com/compare/income/qqqy-vs-qyld
ETFIQ. (Nov 4, 2026). QQQY against QYLD. Retrieved from https://etfiq.com/compare/income/qqqy-vs-qyld
[QQQY against QYLD (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/qqqy-vs-qyld)
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