Data as of Nov 4, 2026.
QQQY vs ULTY: Dividend Yield & Total Return
Over the year to Nov 4, 2026, ULTY paid 46.0% of its price in cash against QQQY’s 29.9%, though QQQY returned more with it reinvested.
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Net assets on Nov 3, 2026: $178m for Defiance Nasdaq 100 Weekly Distribution ETF and $576m for YieldMax Ultra Option Income Strategy 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%
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, 2026.4.4 pts ahead of its own holdings
ULTY over 1 year: paid 46.0%, price −55.5%, total −12.4%, its own holdings −16.8%, +4.4 pts. Data to Nov 4, 2026.
its own holdings
−16.8%
ULTY
−12.4%
4.4 pts ahead of its own holdings
Total return, distributions reinvested
4.4 pts ahead of its own holdings
ULTY over 1 year: paid 46.0%, price −55.5%, total −12.4%, its own holdings −16.8%, +4.4 pts. Data to Nov 4, 2026.
its own holdings
−16.8%
ULTY
−12.4%
46.0% of it arrived as cash. Both charts share one scale, with zero at the line. ULTY over 1 year: paid 46.0%, price −55.5%, total −12.4%, its own holdings −16.8%, +4.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
QQQY costs 0.29 points a year less; their one-year returns differ by 26.0 points; ULTY is 3.2 times larger.
Points (pts) are percentage points.
| Measure | QQQY | ULTY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +13.6% | −12.4% |
| Price change, 1 year | fell 17.8% | fell 55.5% |
| Return of capital, issuer estimate | 81% of the Oct 30, 2026 payment | 100% of the Nov 5, 2026 payment |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | its own holdings |
| Cost and size | ||
| Expense ratio | 1.01% | 1.30% |
| Net assets, as of Nov 3, 2026 | $178m | $576m |
| 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
Mar 8, 2024 to Oct 30, 2026 · 138 weekly returnsFrom Mar 2024 to Oct 2026, QQQY returned more: +37.2% to −3.8%. QQQY swung less: 15.6% to 24.1%. QQQY fell less at its worst: −18.3% to −25.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | QQQY | ULTY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +37.2% | −3.8% | QQQY | Price change plus distributions, reinvested. |
| Annualized | +12.7% | −1.4% | QQQY | Total return as a yearly rate. |
| Price return | −58.3% | −89.2% | QQQY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.6% | 24.1% | QQQY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.0% | 18.4% | QQQY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.3% | −25.9% | QQQY | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.57 | −0.12 | QQQY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.80 | −0.15 | QQQY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.69 | −0.06 | QQQY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 138 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, QQQY and ULTY 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 | ULTY | QQQY | ULTY | QQQY | ULTY |
| 3 months | −3.5% | −8.3% | 7.3% | 14.3% | −0.1 pts | +3.4 pts |
| 6 months | +0.4% | −9.9% | 15.4% | 26.6% | +0.7 pts | +1.6 pts |
| 1 year | +13.6% | −12.4% | 29.9% | 46.0% | +1.3 pts | +4.4 pts |
| 3 years | +51.9% | – | 88.2% | – | −39.4 pts | – |
| Since launchNot the same days: QQQY Sep 2023 · ULTY Feb 2024 | +49.8% | −1.9% | 88.1% | 87.9% | −37.0 pts | not measured |
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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.
ULTY
Over the year to Nov 4, 2026, ULTY paid 46.0% of its starting value in cash distributions while its price fell 55.5%. With every distribution reinvested, the fund returned −12.4%. ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) returned −16.8% over the same days, so a holder was ahead by 4.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 60.9%, paid weekly. YieldMax estimates that 100% of the distribution paid Nov 5, 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 ULTY, data as of Nov 4, 2026. https://etfiq.com/compare/income/qqqy-vs-ulty
ETFIQ. (Nov 4, 2026). QQQY against ULTY. Retrieved from https://etfiq.com/compare/income/qqqy-vs-ulty
[QQQY against ULTY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/qqqy-vs-ulty)
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