Which is cheaper, QVOL or SPUT?

QVOL charges 0.82% a year and SPUT charges 0.79%, so SPUT is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

QVOL vs SPUT: Dividend Yield & Total Return

QVOL and SPUT both write options for income.

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Net assets: $49m on Aug 31, 2026 for Infrastructure Capital Nasdaq Option Income ETF, and $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF.

QVOL on its own →SPUT on its own →

At a glance

6.4%

QVOL cash paid, since launch, May 12, 2026

4.8%

SPUT cash paid, 1 year

−7.8%

QVOL total return, since launch, May 12, 2026

+10.7%

SPUT total return, 1 year

QVOL · since launch to Nov 4, 2026 7 pts behind ONEQ

QVOL

−7.8%

ONEQ

−0.8%

7 pts behind ONEQ

QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

ONEQ

−0.8%

QVOL

−7.8%

7 pts behind ONEQ

Total return, distributions reinvested

7 pts behind ONEQ

QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

ONEQ

−0.8%

QVOL

−7.8%

7 pts behind ONEQ

6.4% of it arrived as cash. Total return, distributions reinvested. QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 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% 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

SPUT costs 0.03 points a year less.

Points (pts) are percentage points.

QVOL vs SPUT: Dividend Yield & Total Return
Measure	QVOL	SPUT
Paid and earned
Measure	QVOL	SPUT
Total return, 1 year	not published	+10.7%
Price change	fell 13.6% (since May 12, 2026)	rose 5.7% (1 year)
Return of capital, issuer estimate		58% of the Nov 2, 2026 payment
Against its benchmark
Measure	QVOL	SPUT
Benchmark	Fidelity Nasdaq Composite Index ETF, measured through ONEQ	S&P 500, measured through SPY
Against its benchmark, same days	behind by 7.0 pts	behind by 4.1 pts
Cost and size
Measure	QVOL	SPUT
Expense ratio	0.82%	0.79%
Net assets, QVOL as of Aug 31, 2026 and SPUT as of Nov 4, 2026	$49m	$17m
Holdings
Measure	QVOL	SPUT
Holdings in common	19%

Method

What they share

19%

By the books each fund has filed, QVOL and SPUT hold 19% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

19% in common

Positions both hold · largest shared weight first QVOL SPUT

Apple Inc 4.21% 3.50%

Microsoft Corp 2.31% 2.70%

Amazon.com Inc 3.90% 2.06%

Alphabet Inc 6.17% 1.64%

Broadcom Inc 6.42% 1.43%

Meta Platforms Inc 3.33% 0.97%

Micron Technology Inc 4.19% 0.74%

Advanced Micro Devices Inc 4.03% 0.61%

Cisco Systems Inc 1.98% 0.36%

NVIDIA Corp 0.36% 3.71%

Applied Materials Inc 2.19% 0.32%

Intel Corp 2.38% 0.32%

Only in one fund ↓

Only in QVOL

ASML Holding NV 1.26%

PDD Holdings Inc 0.95%

Nebius Group NV 0.45%

SPACEX 0.38%

ARM Holdings PLC 0.17%

Only in SPUT

Alphabet Inc 1.43%

Tesla Inc 0.82%

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%

Check overlap with more funds →

Side by side

QVOL Infrastructure Capital Nasdaq Option Income ETF · Option income on ONEQ, paying monthly SPUT Innovator Equity Premium Income - Daily PutWrite ETF · Sells puts on the S&P 500, paying monthly

Issuer Infrastructure Capital Innovator

Strategy option income put-selling overlay

Benchmark Fidelity Nasdaq Composite Index ETF (ONEQ) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 15.3% 3.6%

Expense ratio 0.82% 0.79%

Cash paid, 1 year 6.4% (since launch, May 12, 2026) 4.8%

Price change, 1 year −13.6% (since launch, May 12, 2026) +5.7%

Total return, 1 year −7.8% (since launch, May 12, 2026) +10.7%

Benchmark return, 1 year −0.8% (since launch, May 12, 2026) +14.8%

Ahead or behind −7.0 pts (since launch, May 12, 2026) −4.1 pts

Return of capital, latest estimate not published 58%

Age 176 days 1.6 years

Net assets, QVOL as of Aug 31, 2026 and SPUT as of Nov 4, 2026 $49m $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: QVOL vs SPUT: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QVOL	SPUT	QVOL	SPUT	QVOL	SPUT
3 months	−12.2%	+0.9%	3.2%	1.0%	−10.0 pts	+1.0 pts
6 months	–	+3.4%	–	1.9%	–	−1.6 pts
1 year	–	+10.7%	–	4.8%	–	−4.0 pts
Since launchNot the same days: QVOL May 2026 · SPUT Mar 2025	−7.8%	+23.3%	6.4%	9.1%	−7.0 pts	−15.6 pts

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Alert

About each fund

QVOL

Over the period from its first trade on May 12, 2026 to Nov 4, 2026, QVOL paid 6.4% of its starting value in cash distributions while its price fell 13.6%. With every distribution reinvested, the fund returned −7.8%. Fidelity Nasdaq Composite Index ETF (ONEQ) returned −0.8% over the same days, so a holder was behind by 7.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.3%, paid monthly.

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). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, QVOL or SPUT?: QVOL charges 0.82% a year and SPUT charges 0.79%, so SPUT is cheaper. Fees come from each fund's prospectus.

Other comparisons

QVOL vs XYLD QVOL vs GPIX QVOL vs DIVO QVOL vs SPYI SPUT vs RECI SPUT vs TMGN SPUT vs VOOY SPUT vs GRNI

Where to next

Fidelity Nasdaq Composite Index ETF (ONEQ) →S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →QVOL on its own →SPUT on its own →QVOL dividend history →QVOL holdings →SPUT dividend history →SPUT holdings →Method →Standards and sources →

Sources and dates

QVOL filings on SEC EDGAR ↗

QVOL prospectus with the expense ratio (SEC) ↗

Infrastructure Capital page for QVOL ↗

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

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

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