Data as of Nov 4, 2026.
QQQY vs TPAY: Dividend Yield & Total Return
QQQY and TPAY both write options for income.
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Net assets: $178m on Nov 3, 2026 for Defiance Nasdaq 100 Weekly Distribution ETF, and $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution 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, 2026.1 pt behind VOO
TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
VOO
+12.6%
TPAY
+11.6%
6.6% of it arrived as cash
1 pt behind VOO
Total return, distributions reinvested
1 pt behind VOO
TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
VOO
+12.6%
TPAY
+11.6%
1 pt behind VOO
6.6% of it arrived as cash. Both charts share one scale, with zero at the line. TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TPAY costs 0.52 points a year less; QQQY is far larger, $178m against $2.1m.
Points (pts) are percentage points.
| Measure | QQQY | TPAY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +13.6% | not published |
| Price change | fell 17.8% (1 year) | rose 4.6% (since Feb 18, 2026) |
| Return of capital, issuer estimate | 81% of the Oct 30, 2026 payment | 100% of the Oct 15, 2026 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | Vanguard S&P 500 ETF, measured through VOO |
| Against its benchmark, same days | ahead by 1.3 pts | behind by 1.0 pts |
| Cost and size | ||
| Expense ratio | 1.01% | 0.49% |
| Net assets, as of Nov 3, 2026 | $178m | $2.1m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, QQQY and TPAY 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 | QQQY | TPAY | QQQY | TPAY | QQQY | TPAY |
| 3 months | −3.5% | −0.8% | 7.3% | 2.3% | −0.1 pts | −0.7 pts |
| 6 months | +0.4% | +4.2% | 15.4% | 4.7% | +0.7 pts | −0.8 pts |
| 1 year | +13.6% | – | 29.9% | – | +1.3 pts | – |
| 3 years | +51.9% | – | 88.2% | – | −39.4 pts | – |
| Since launchNot the same days: QQQY Sep 2023 · TPAY Feb 2026 | +49.8% | +11.6% | 88.1% | 6.6% | −37.0 pts | −1.1 pts |
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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.
TPAY
Over the period from its first trade on Feb 18, 2026 to Nov 4, 2026, TPAY paid 6.6% of its starting value in cash distributions while its price rose 4.6%. With every distribution reinvested, the fund returned +11.6%. Vanguard S&P 500 ETF (VOO) returned +12.6% over the same days, so a holder was behind by 1.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.5%, paid monthly. Roundhill estimates that 100% of the distribution paid Oct 15, 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.
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ETFIQ, QQQY against TPAY, data as of Nov 4, 2026. https://etfiq.com/compare/income/qqqy-vs-tpay
ETFIQ. (Nov 4, 2026). QQQY against TPAY. Retrieved from https://etfiq.com/compare/income/qqqy-vs-tpay
[QQQY against TPAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/qqqy-vs-tpay)
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