Which paid more, QRMI or SPUT?

Over the year to Nov 4, 2026, QRMI paid 11.6% of its starting price in cash and SPUT paid 4.8%, 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 SPUT?

With every distribution reinvested, QRMI returned +3.7% and SPUT +10.7% over the year to Nov 4, 2026.

Which is cheaper, QRMI or SPUT?

QRMI charges 0.60% a year and SPUT charges 0.79%, so QRMI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

QRMI vs SPUT: 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 SPUT’s 4.8%, though SPUT 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 $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF.

QRMI on its own →SPUT on its own →

At a glance

11.6%

QRMI cash paid, 1 year

4.8%

SPUT cash paid, 1 year

+3.7%

QRMI total return, 1 year

+10.7%

SPUT 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.

SPUT · 1 year to Nov 4, 2026 4.1 pts behind SPY

SPUT

+10.7%

SPY

+14.8%

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.8% of it arrived as cash

4.1 pts behind SPY

Total return, distributions reinvested

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.1 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, with zero at the line. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

QRMI costs 0.19 points a year less; their one-year returns differ by 7.0 points; SPUT is 1.1 times larger.

Points (pts) are percentage points.

QRMI vs SPUT: Dividend Yield & Total Return
Measure	QRMI	SPUT
Paid and earned
Measure	QRMI	SPUT
Total return, 1 year	+3.7%	+10.7%
Price change, 1 year	fell 8.1%	rose 5.7%
Return of capital, issuer estimate	100% of the Sep 24, 2026 payment	58% of the Nov 2, 2026 payment
Against its benchmark
Measure	QRMI	SPUT
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	QRMI	SPUT
Expense ratio	0.60%	0.79%
Net assets, as of Oct 12, 2026	$15m	$17m
Holdings
Measure	QRMI	SPUT
Holdings in common	27%

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

IQ Income Score27.2QRMI88.9SPUT

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

SPUT 88.9

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

27%

By the books each fund has filed, QRMI and SPUT hold 27% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

27% in common

Positions both hold · largest shared weight first QRMI SPUT

NVIDIA CORPORATION 8.14% 3.71%

APPLE INC. 7.60% 3.50%

MICROSOFT CORPORATION 5.78% 2.70%

AMAZON.COM, INC. 4.90% 2.06%

ALPHABET INC. 3.48% 1.64%

BROADCOM INC. 3.10% 1.43%

ALPHABET INC. 3.26% 1.43%

META PLATFORMS, INC. 2.77% 0.97%

TESLA, INC. 2.60% 0.82%

MICRON TECHNOLOGY, INC. 4.29% 0.74%

ADVANCED MICRO DEVICES, INC. 3.60% 0.61%

WALMART INC. 2.51% 0.38%

Only in one fund ↓

Only in QRMI

LINDE PUBLIC LIMITED COMPANY 1.03%

SPACE EXPLORATION TECHNOLOGIES CORP. 0.97%

SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY 0.88%

ASML Holding N.V. 0.72%

SHOPIFY INC. 0.67%

ARM Holdings PLC 0.49%

MARRIOTT INTERNATIONAL, INC. 0.44%

HONEYWELL INTERNATIONAL INCORPORATION 0.35%

Only in SPUT

Eli Lilly & Co 0.77%

JPMorgan Chase & Co 0.75%

Berkshire Hathaway Inc 0.56%

ExxonMobil Holdings Corp 0.51%

Johnson & Johnson 0.49%

Visa Inc 0.49%

Mastercard Inc 0.36%

AbbVie Inc 0.35%

Check overlap with more funds →

Side by side

QRMI Global X NASDAQ 100 Risk Managed Income ETF · Option income on QQQ, paying monthly SPUT Innovator Equity Premium Income - Daily PutWrite ETF · Sells puts on the S&P 500, paying monthly

Issuer Global X Innovator

Strategy option income put-selling overlay

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

Pays monthly monthly

Payout rate, annualized 12.2% 3.6%

Expense ratio 0.60% 0.79%

Cash paid, 1 year 11.6% 4.8%

Price change, 1 year −8.1% +5.7%

Total return, 1 year +3.7% +10.7%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind −8.6 pts −4.1 pts

Return of capital, latest estimate 100% 58%

Age 5.2 years 1.6 years

Net assets, QRMI as of Oct 12, 2026 and SPUT as of Nov 4, 2026 $15m $17m

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 SPUT: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QRMI	SPUT	QRMI	SPUT	QRMI	SPUT
3 months	−0.1%	+0.9%	3.0%	1.0%	+3.4 pts	+1.0 pts
6 months	+1.0%	+3.4%	5.9%	1.9%	+1.3 pts	−1.6 pts
1 year	+3.7%	+10.7%	11.6%	4.8%	−8.6 pts	−4.0 pts
3 years	+25.7%	–	35.0%	–	−65.7 pts	–
Since launchNot the same days: QRMI Aug 2021 · SPUT Mar 2025	+8.5%	+23.3%	42.0%	9.1%	−83.2 pts	−15.6 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.

SPUT

Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, QRMI or SPUT?: Over the year to Nov 4, 2026, QRMI paid 11.6% of its starting price in cash and SPUT paid 4.8%, 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 SPUT?: With every distribution reinvested, QRMI returned +3.7% and SPUT +10.7% over the year to Nov 4, 2026.
Which is cheaper, QRMI or SPUT?: QRMI charges 0.60% a year and SPUT charges 0.79%, so QRMI is cheaper. Fees come from each fund's prospectus.

Other comparisons

QRMI vs ISPY QRMI vs BALI QRMI vs FTHI QRMI vs XYLD SPUT vs ACQQ SPUT vs KIQQ SPUT vs FTQI SPUT vs GPIQ

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →QRMI on its own →SPUT on its own →QRMI dividend history →QRMI holdings →SPUT dividend history →SPUT 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 ↗

SPUT filings on SEC EDGAR ↗

SPUT prospectus with the expense ratio (SEC) ↗

SPUT 19a-1 distribution notice ↗

Innovator page for SPUT ↗

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 SPUT, data as of Nov 4, 2026. https://etfiq.com/compare/income/qrmi-vs-sput

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