Data as of .
QVOL vs ULTY: which paid, and which earned it?
QVOL and ULTY both write options for income.
What they hold in common
By the books each fund has filed, QVOL and ULTY hold 15% of their money in the same securities at the same weight.
| Holding | QVOL | ULTY |
|---|---|---|
| Advanced Micro Devices Inc | 6.17% | 5.23% |
| Alphabet Inc | 4.70% | 4.39% |
| NVIDIA Corp | 8.53% | 2.36% |
| Lam Research Corp | 1.47% | 4.34% |
| Analog Devices Inc | 0.82% | 4.11% |
| MercadoLibre Inc | 0.52% | 4.99% |
| Lumentum Holdings Inc | 0.28% | 4.75% |
| Only in QVOL | Only in ULTY |
|---|---|
| Amazon.com Inc 7.61% | Strategy Inc 4.66% |
| Microsoft Corp 5.05% | Comfort Systems USA Inc 4.61% |
| Alphabet Inc 4.69% | Coherent Corp 4.30% |
| Micron Technology Inc 4.53% | Palantir Technologies Inc 4.27% |
| Marvell Technology Inc 4.30% | Space Exploration Technologies Corp 4.11% |
| Broadcom Inc 3.42% | Alibaba Group Holding Ltd 4.07% |
| Meta Platforms Inc 3.14% | Robinhood Markets Inc 4.07% |
| Intel Corp 3.01% | VanEck Gold Miners ETF/USA 4.07% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| QVOL | ULTY | QVOL | ULTY | QVOL | ULTY | |
| 3 months | −3.7% | −1.1% | 3.0% | 13.7% | −1.2 pts | −3.3 pts |
| 6 months | not published | +14.0% | not published | 30.1% | not published | −4.0 pts |
| 1 year | not published | −7.8% | not published | 44.9% | not published | −24.3 pts |
| Since launch | +4.3% | +10.7% | 4.2% | 86.9% | +2.1 pts | −44.1 pts |
| QVOL Infrastructure Capital Nasdaq Option Income ETF Option income on QQQ, paying monthly | ULTY YieldMax(R) Ultra Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | Infrastructure Capital | YieldMax |
| Strategy | option income | synthetic covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | weekly |
| Payout rate, annualized | 12.6% | 59.8% |
| Expense ratio | 0.82% | 1.30% |
| Cash paid, 1 year | 4.2% (since launch on May 12, 2026) | 44.9% |
| Price change, 1 year | 0.0% | −54.1% |
| Total return, 1 year | +4.3% (since launch on May 12, 2026) | −7.8% |
| Benchmark return, 1 year | +2.1% | +16.6% |
| Ahead or behind | +2.1 pts | −24.3 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 129 days | 932 days |
| Net assets | $8m | $721m |
QVOL in plain words
Over the period since launch on May 12, 2026 to Sep 18, 2026, QVOL paid 4.2% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned +4.3%. Nasdaq-100 (QQQ) returned +2.1% over the same days, so a holder was ahead by 2.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.6%, paid monthly.
ULTY in plain words
Over the year to Sep 18, 2026, ULTY paid 44.9% of its starting value in cash distributions while its price fell 54.1%. With every distribution reinvested, the fund returned −7.8%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 24.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 59.8%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, QVOL or ULTY?
- QVOL charges 0.82% a year and ULTY charges 1.30%, so QVOL is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QVOL against ULTY, data as of Sep 18, 2026. https://etfiq.com/compare/income/qvol-vs-ulty Free to use with attribution; the underlying files are at Open data.