Data as of Nov 4, 2026.
QVOL vs ULTY: Dividend Yield & Total Return
QVOL and ULTY both write options for income.
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Net assets: $49m on Aug 31, 2026 for Infrastructure Capital Nasdaq Option Income ETF, and $576m on Nov 3, 2026 for YieldMax Ultra Option Income Strategy ETF.
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, 2026.4.4 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
QVOL costs 0.48 points a year less.
Points (pts) are percentage points.
| Measure | QVOL | ULTY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | −12.4% |
| Price change | fell 13.6% (since May 12, 2026) | fell 55.5% (1 year) |
| Return of capital, issuer estimate | 100% of the Nov 5, 2026 payment | |
| Against its benchmark | ||
| Benchmark | Fidelity Nasdaq Composite Index ETF, measured through ONEQ | its own holdings |
| Against its benchmark, same days | behind by 7.0 pts | ahead by 4.4 pts |
| Cost and size | ||
| Expense ratio | 0.82% | 1.30% |
| Net assets, QVOL as of Aug 31, 2026 and ULTY as of Nov 3, 2026 | $49m | $576m |
| Holdings | ||
| Holdings in common | 20% | |
Risk and return
May 22, 2026 to Oct 30, 2026 · 23 weekly returnsFrom May 2026 to Oct 2026, QVOL returned slightly more: −8.8% to −9.1%. ULTY fell less at its worst: −12.5% to −13.9%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | QVOL | ULTY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −8.8% | −9.1% | QVOL (slight) | Price change plus distributions, reinvested. |
| Price return | −14.4% | −31.0% | QVOL | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −13.9% | −12.5% | ULTY | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 23 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, QVOL and ULTY hold 20% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.
half
20% 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 | QVOL | ULTY | QVOL | ULTY | QVOL | ULTY |
| 3 months | −12.2% | −8.3% | 3.2% | 14.3% | −10.0 pts | +3.4 pts |
| 6 months | – | −9.9% | – | 26.6% | – | +1.6 pts |
| 1 year | – | −12.4% | – | 46.0% | – | +4.4 pts |
| Since launchNot the same days: QVOL May 2026 · ULTY Feb 2024 | −7.8% | −1.9% | 6.4% | 87.9% | −7.0 pts | not measured |
– means no data for this window. Open this comparison in the app →
No client brief for this pair: ETFIQ prints no one-year total return for QVOL.
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.
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). That is a tax label, not a measure of erosion.
Questions people ask
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 ULTY, data as of Nov 4, 2026. https://etfiq.com/compare/income/qvol-vs-ulty
ETFIQ. (Nov 4, 2026). QVOL against ULTY. Retrieved from https://etfiq.com/compare/income/qvol-vs-ulty
[QVOL against ULTY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/qvol-vs-ulty)
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