Which paid more, QXQ or SPUT?

Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting price in cash and SPUT paid 4.8%, so QXQ paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, QXQ or SPUT?

With every distribution reinvested, QXQ returned +12.1% and SPUT +6.2% over the year to Nov 12, 2026.

Which is cheaper, QXQ or SPUT?

QXQ charges 0.98% a year and SPUT charges 0.79%, so SPUT is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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QXQ vs SPUT: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+5.9 pts

1 year to Nov 12, 2026: QXQ ahead, total return

Fee gap

0.19 pts

A year: QXQ 0.98%, SPUT 0.79%, per filings dated Jan 5, 2026 and Feb 27, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

SPUT costs 0.19 points a year less; their one-year returns differ by 5.9 points.

Points (pts) are percentage points.

QXQ vs SPUT: Dividend Yield & Total Return
Measure	QXQ	SPUT
Paid and earned
Measure	QXQ	SPUT
Total return, 1 year	+12.1%	+6.2%
Price change, 1 year	fell 4.7%	rose 1.3%
Return of capital, issuer estimate		58% of the Nov 2, 2026 payment
Against its benchmark
Measure	QXQ	SPUT
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	QXQ	SPUT
Expense ratio	0.98%	0.79%
Net assets, QXQ as of Aug 31, 2026 and SPUT as of Nov 12, 2026	$82m	$17m
Holdings
Measure	QXQ	SPUT
Holdings in common	not published

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

IQ Income Score52QXQ78.7SPUT

How much of its payouts the fund's total return covered, ranked against 171 income ETFs not writing on a single company. 100 is best. How it is computed

QXQ 52

SPUT 78.7

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

Key numbers

15.1%

QXQ cash paid, 1 year

4.8%

SPUT cash paid, 1 year

+12.1%

QXQ total return, 1 year

+6.2%

SPUT total return, 1 year

QXQ · 1 year to Nov 12, 2026 0.8 pts ahead of QQQ

QXQ

+12.1%

QQQ

+11.3%

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% of it arrived as cash

0.8 pts ahead of QQQ

Total return, distributions reinvested

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% as cash

0.8 pts ahead of QQQ

15.1% of it arrived as cash. Total return, distributions reinvested. QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

SPUT · 1 year to Nov 12, 2026 5.8 pts behind SPY

SPUT

+6.2%

SPY

+12.0%

5.8 pts behind SPY

SPUT over 1 year: paid 4.8%, price +1.3%, total +6.2%, SPY +12.0%, −5.8 pts. Data to Nov 12, 2026.

SPY

+12.0%

SPUT

+6.2%

4.8% of it arrived as cash

5.8 pts behind SPY

Total return, distributions reinvested

5.8 pts behind SPY

SPUT over 1 year: paid 4.8%, price +1.3%, total +6.2%, SPY +12.0%, −5.8 pts. Data to Nov 12, 2026.

SPY

+12.0%

SPUT

+6.2%

5.8 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 +1.3%, total +6.2%, SPY +12.0%, −5.8 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

QXQ SGI Enhanced Nasdaq-100 ETF · Covered call on QQQ, paying quarterly SPUT Innovator Equity Premium Income - Daily PutWrite ETF · Sells puts on the S&P 500, paying monthly

Issuer SGI Innovator

Strategy covered call put-selling overlay

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

Pays quarterly monthly

Payout rate, annualized 1.0% 3.8%

Expense ratio 0.98% 0.79%

Cash paid, 1 year 15.1% 4.8%

Price change, 1 year −4.7% +1.3%

Total return, 1 year +12.1% +6.2%

Benchmark return, 1 year +11.3% +12.0%

Ahead or behind +0.8 pts −5.8 pts

Return of capital, latest estimate not published 58%

Age 2.4 years 1.7 years

Net assets, QXQ as of Aug 31, 2026 and SPUT as of Nov 12, 2026 $82m $17m

As of Nov 12, 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: QXQ vs SPUT: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QXQ	SPUT	QXQ	SPUT	QXQ	SPUT
3 months	−5.4%	−3.1%	0.2%	1.0%	+0.5 pts	−0.6 pts
6 months	−3.8%	−1.0%	0.5%	1.9%	+0.4 pts	−2.7 pts
1 year	+12.1%	+6.2%	15.1%	4.8%	+0.8 pts	−5.8 pts
Since launchNot the same days: QXQ Jun 2024 · SPUT Mar 2025	+47.7%	+19.2%	22.8%	9.1%	+2.2 pts	−18.0 pts

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About each fund

QXQ

Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting value in cash distributions while its price fell 4.7%. With every distribution reinvested, the fund returned +12.1%. Nasdaq-100 (QQQ) returned +11.3% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 1.0%, paid quarterly.

SPUT

Over the year to Nov 12, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 1.3%. With every distribution reinvested, the fund returned +6.2%. S&P 500 (SPY) returned +12.0% over the same days, so a holder was behind by 5.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 3.8%, 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 paid more, QXQ or SPUT?: Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting price in cash and SPUT paid 4.8%, so QXQ paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, QXQ or SPUT?: With every distribution reinvested, QXQ returned +12.1% and SPUT +6.2% over the year to Nov 12, 2026.
Which is cheaper, QXQ or SPUT?: QXQ charges 0.98% a year and SPUT charges 0.79%, so SPUT is cheaper. Fees come from each fund's prospectus.

Other comparisons

QXQ vs JANJ QXQ vs JANH QXQ vs TPRY QXQ vs JOYT SPUT vs GPIQ SPUT vs QYLD SPUT vs JEPQ SPUT vs BALQ

Where to next

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

Sources and dates

QXQ filings on SEC EDGAR ↗

QXQ prospectus with the expense ratio (SEC) ↗

SGI website ↗

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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, QXQ against SPUT, data as of Nov 12, 2026. https://etfiq.com/compare/income/qxq-vs-sput

Open data →

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

Net assets: $82m on Aug 31, 2026 for SGI Enhanced Nasdaq-100 ETF, and $17m on Nov 12, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF.

QXQ on its own →SPUT on its own →

Growth of 100

QXQ and SPUT

Total return, distributions reinvested, 1 year.

QXQ +12.1%SPUT +6.2%

Nov 12, 2025Nov 12, 2026

QXQ +12.1%, SPUT +6.2%: QXQ +5.9 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.