Which paid more, QRMI or SEPI?

Over the year to Nov 4, 2026, QRMI paid 11.6% of its starting price in cash and SEPI paid 8.9%, so QRMI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, QRMI or SEPI?

With every distribution reinvested, QRMI returned +3.7% and SEPI +17.9% over the year to Nov 4, 2026.

Which is cheaper, QRMI or SEPI?

QRMI charges 0.60% a year and SEPI charges 0.54%, so SEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

QRMI vs SEPI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QRMI paid 11.6% of its price in cash against SEPI’s 8.9%, though SEPI returned more with it reinvested.

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Net assets: $15m on Oct 12, 2026 for Global X NASDAQ 100 Risk Managed Income ETF, and $152m on Jun 30, 2026 for Shelton Equity Premium Income ETF.

QRMI on its own →SEPI on its own →

At a glance

11.6%

QRMI cash paid, 1 year

8.9%

SEPI cash paid, 1 year

+3.7%

QRMI total return, 1 year

+17.9%

SEPI total return, 1 year

QRMI · 1 year to Nov 4, 2026 8.6 pts behind QQQ

QRMI

+3.7%

QQQ

+12.3%

8.6 pts behind QQQ

QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QRMI

+3.7%

11.6% as cash

8.6 pts behind QQQ

Total return, distributions reinvested

8.6 pts behind QQQ

QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QRMI

+3.7%

8.6 pts behind QQQ

11.6% of it arrived as cash. Total return, distributions reinvested. QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SEPI · 1 year to Nov 4, 2026 3.1 pts ahead of SPY

SEPI

+17.9%

SPY

+14.8%

3.1 pts ahead of SPY

SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SEPI

+17.9%

8.9% of it arrived as cash

3.1 pts ahead of SPY

Total return, distributions reinvested

3.1 pts ahead of SPY

SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SEPI

+17.9%

8.9% cash

3.1 pts ahead of SPY

8.9% of it arrived as cash. Both charts share one scale, with zero at the line. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

SEPI costs 0.06 points a year less; their one-year returns differ by 14.2 points.

Points (pts) are percentage points.

QRMI vs SEPI: Dividend Yield & Total Return
Measure	QRMI	SEPI
Paid and earned
Measure	QRMI	SEPI
Total return, 1 year	+3.7%	+17.9%
Price change, 1 year	fell 8.1%	rose 8.3%
Return of capital, issuer estimate	100% of the Sep 24, 2026 payment	99% of the Sep 30, 2026 payment
Against its benchmark
Measure	QRMI	SEPI
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	QRMI	SEPI
Expense ratio	0.60%	0.54%
Net assets, QRMI as of Oct 12, 2026 and SEPI as of Jun 30, 2026	$15m	$152m
Holdings
Measure	QRMI	SEPI
Holdings in common	38%

ETFIQ Distribution Coverage Score · SEPI scores higher How much of what it paid out did its total return cover?

IQ Income Score27.2QRMI85.9SEPI

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

QRMI 27.2

SEPI 85.9

0.3, the lowest in this set 99.7, the highest

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 →

Method

What they share

38%

By the books each fund has filed, QRMI and SEPI hold 38% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

38% in common

Positions both hold · largest shared weight first QRMI SEPI

APPLE INC. 7.60% 5.45%

MICRON TECHNOLOGY, INC. 4.29% 6.79%

NVIDIA CORPORATION 8.14% 4.20%

ADVANCED MICRO DEVICES, INC. 3.60% 7.84%

MICROSOFT CORPORATION 5.78% 3.55%

AMAZON.COM, INC. 4.90% 3.50%

ALPHABET INC. 3.48% 4.86%

BROADCOM INC. 3.10% 3.20%

META PLATFORMS, INC. 2.77% 2.90%

WALMART INC. 2.51% 1.76%

NETFLIX, INC. 1.40% 1.26%

FORTINET, INC. 0.55% 1.19%

Only in one fund ↓

Only in QRMI

ALPHABET INC. 3.26%

TESLA, INC. 2.60%

CISCO SYSTEMS, INC. 2.12%

INTEL CORPORATION 2.10%

COSTCO WHOLESALE CORPORATION 1.96%

APPLIED MATERIALS, INC. 1.86%

LAM RESEARCH CORPORATION 1.70%

PALANTIR TECHNOLOGIES INC. 1.31%

Only in SEPI

CATERPILLAR INC 7.49%

GOLDMAN SACHS GROUP INC (THE) 4.07%

JOHNSON & JOHNSON 3.44%

EXXON MOBIL CORP 3.21%

MERCK & COMPANY INC 2.78%

EBAY INC 2.57%

ARISTA NETWORKS INC 2.27%

DUKE ENERGY CORP 2.17%

Check overlap with more funds →

Side by side

QRMI Global X NASDAQ 100 Risk Managed Income ETF · Option income on QQQ, paying monthly SEPI Shelton Equity Premium Income ETF · Covered call on SPY, paying monthly

Issuer Global X Shelton

Strategy option income covered call

Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 12.2% 8.5%

Expense ratio 0.60% 0.54%

Cash paid, 1 year 11.6% 8.9%

Price change, 1 year −8.1% +8.3%

Total return, 1 year +3.7% +17.9%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind −8.6 pts +3.1 pts

Return of capital, latest estimate 100% 99%

Age 5.2 years 1.2 years

Net assets, QRMI as of Oct 12, 2026 and SEPI as of Jun 30, 2026 $15m $152m

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: QRMI vs SEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QRMI	SEPI	QRMI	SEPI	QRMI	SEPI
3 months	−0.1%	−0.1%	3.0%	2.1%	+3.4 pts	0.0 pts
6 months	+1.0%	+6.8%	5.9%	4.4%	+1.3 pts	+1.8 pts
1 year	+3.7%	+17.9%	11.6%	8.9%	−8.6 pts	+3.1 pts
3 years	+25.7%	–	35.0%	–	−65.7 pts	–
Since launchNot the same days: QRMI Aug 2021 · SEPI Sep 2025	+8.5%	+23.5%	42.0%	10.0%	−83.2 pts	+3.7 pts

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Alert

About each fund

QRMI

Over the year to Nov 4, 2026, QRMI paid 11.6% of its starting value in cash distributions while its price fell 8.1%. With every distribution reinvested, the fund returned +3.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 8.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.2%, paid monthly. Global X estimates that 100% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

SEPI

Over the year to Nov 4, 2026, SEPI paid 8.9% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +17.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Shelton estimates that 99% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, QRMI or SEPI?: Over the year to Nov 4, 2026, QRMI paid 11.6% of its starting price in cash and SEPI paid 8.9%, so QRMI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, QRMI or SEPI?: With every distribution reinvested, QRMI returned +3.7% and SEPI +17.9% over the year to Nov 4, 2026.
Which is cheaper, QRMI or SEPI?: QRMI charges 0.60% a year and SEPI charges 0.54%, so SEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

QRMI vs EGGY QRMI vs JOYT QRMI vs IVVW QRMI vs DUBS SEPI vs ACQQ SEPI vs BALQ SEPI vs KIQQ SEPI vs QYLG

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →QRMI on its own →SEPI on its own →QRMI dividend history →QRMI holdings →SEPI dividend history →SEPI holdings →Method →Standards and sources →

Sources and dates

QRMI filings on SEC EDGAR ↗

QRMI prospectus with the expense ratio (SEC) ↗

QRMI 19a-1 distribution notice ↗

Global X page for QRMI ↗

SEPI filings on SEC EDGAR ↗

SEPI prospectus with the expense ratio (SEC) ↗

SEPI 19a-1 distribution notice ↗

Shelton website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, QRMI against SEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/qrmi-vs-sepi

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