Which is cheaper, QYLD or SCEP?

QYLD charges 0.60% a year and SCEP charges 0.65%, so QYLD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

QYLD vs SCEP: Dividend Yield & Total Return

QYLD and SCEP both write options for income.

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Net assets: $8.5bn on Oct 12, 2026 for Global X NASDAQ 100 Covered Call ETF, and $235m on Jun 30, 2026 for STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF.

QYLD on its own →SCEP on its own →

At a glance

12.3%

QYLD cash paid, 1 year

6.1%

SCEP cash paid, since launch, Dec 11, 2025

+16.5%

QYLD total return, 1 year

+5.3%

SCEP total return, since launch, Dec 11, 2025

QYLD · 1 year to Nov 4, 2026 4.2 pts ahead of QQQ

QYLD

+16.5%

QQQ

+12.3%

4.2 pts ahead of QQQ

QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QYLD

+16.5%

12.3% of it arrived as cash

4.2 pts ahead of QQQ

Total return, distributions reinvested

4.2 pts ahead of QQQ

QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QYLD

+16.5%

12.3% as cash

4.2 pts ahead of QQQ

12.3% of it arrived as cash. Total return, distributions reinvested. QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SCEP · since launch to Nov 4, 2026 Not measured

SCEP

+5.3%

none

Not measured

SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

SCEP

+5.3%

6.1% of it arrived as cash

Total return, distributions reinvested

Not measured

SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

SCEP

+5.3%

6.1% of it arrived as cash. Both charts share one scale, with zero at the line. SCEP since launch: paid 6.1%, price −1.0%, total +5.3%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

QYLD costs 0.05 points a year less.

Points (pts) are percentage points.

QYLD vs SCEP: Dividend Yield & Total Return
Measure	QYLD	SCEP
Paid and earned
Measure	QYLD	SCEP
Total return, 1 year	+16.5%	not published
Price change	rose 3.3% (1 year)	fell 1.1% (6 months)
Return of capital, issuer estimate	99% of the Sep 24, 2026 payment	100% of the Oct 5, 2026 payment
Against its benchmark
Measure	QYLD	SCEP
Benchmark	Nasdaq-100, measured through QQQ	its own stocks
Cost and size
Measure	QYLD	SCEP
Expense ratio	0.60%	0.65%
Net assets, QYLD as of Oct 12, 2026 and SCEP as of Jun 30, 2026	$8.5bn	$235m
Holdings
Measure	QYLD	SCEP
Holdings in common	42%

Method

What they share

42%

By the books each fund has filed, QYLD and SCEP hold 42% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

42% in common

Positions both hold · largest shared weight first QYLD SCEP

APPLE INC. 7.65% 5.61%

NVIDIA CORPORATION 8.20% 5.61%

AMAZON.COM, INC. 4.93% 4.60%

ALPHABET INC. 3.50% 5.88%

MICROSOFT CORPORATION 5.82% 3.43%

BROADCOM INC. 3.11% 5.51%

META PLATFORMS, INC. 2.78% 2.19%

ADVANCED MICRO DEVICES, INC. 3.62% 2.16%

COSTCO WHOLESALE CORPORATION 1.97% 2.36%

LAM RESEARCH CORPORATION 1.71% 2.60%

WALMART INC. 2.53% 1.03%

NETFLIX, INC. 1.41% 1.00%

Only in one fund ↓

Only in QYLD

MICRON TECHNOLOGY, INC. 4.32%

ALPHABET INC. 3.28%

TESLA, INC. 2.62%

CISCO SYSTEMS, INC. 2.13%

INTEL CORPORATION 2.11%

APPLIED MATERIALS, INC. 1.88%

TEXAS INSTRUMENTS INCORPORATED 1.17%

KLA CORPORATION 1.11%

Only in SCEP

JP MORGAN CHASE & COMPANY 3.50%

PARKER-HANNIFIN CORP 2.59%

WILLIAMS COMPANIES INC (THE) 2.11%

ILLINOIS TOOL WORKS INC 2.04%

EQUINIX INC 2.02%

VISA INC 1.94%

AMPHENOL CORP 1.90%

AIR PRODUCTS AND CHEMICALS INC 1.84%

Check overlap with more funds →

Side by side

QYLD Global X NASDAQ 100 Covered Call ETF · Covered call on QQQ, paying monthly SCEP STERLING CAPITAL HEDGED EQUITY PREMIUM INCOME ETF · Covered call on its own stocks, paying monthly

Issuer Global X Sterling Capital

Strategy covered call covered call

Benchmark Nasdaq-100 (QQQ) SCEP's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026)

Pays monthly monthly

Payout rate, annualized 12.2% 7.0%

Expense ratio 0.60% 0.65%

Cash paid, 1 year 12.3% 6.1% (since launch, Dec 11, 2025)

Price change, 1 year +3.3% −1.0% (since launch, Dec 11, 2025)

Total return, 1 year +16.5% +5.3% (since launch, Dec 11, 2025)

Benchmark return, 1 year +12.3% not published

Ahead or behind +4.2 pts not available

Return of capital, latest estimate 99% 100%

Age 12.9 years 328 days

Net assets, QYLD as of Oct 12, 2026 and SCEP as of Jun 30, 2026 $8.5bn $235m

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: QYLD vs SCEP: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QYLD	SCEP	QYLD	SCEP	QYLD	SCEP
3 months	+2.4%	−1.2%	3.0%	1.7%	+5.9 pts	+0.8 pts
6 months	+5.4%	+2.4%	6.0%	3.5%	+5.8 pts	+0.4 pts
1 year	+16.5%	–	12.3%	–	+4.2 pts	–
3 years	+52.7%	–	37.9%	–	−38.6 pts	–
Since launchNot the same days: QYLD Dec 2013 · SCEP Dec 2025	+194.8%	+5.3%	117.5%	6.1%	−610.5 pts	not measured

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Alert

About each fund

QYLD

Over the year to Nov 4, 2026, QYLD paid 12.3% of its starting value in cash distributions while its price rose 3.3%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.2%, paid monthly. Global X estimates that 99% 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.

SCEP

SCEP's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned +2.1% over the same days, so a holder was about even.

Over the 6 months to Nov 4, 2026, SCEP paid 3.5% of its starting value in cash distributions while its price fell 1.1%. With every distribution reinvested, the fund returned +2.4%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.0%, paid monthly. Sterling Capital estimates that 100% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, QYLD or SCEP?: QYLD charges 0.60% a year and SCEP charges 0.65%, so QYLD is cheaper. Fees come from each fund's prospectus.

Other comparisons

QYLD vs GRNI QYLD vs TCAL QYLD vs HEMI QYLD vs CVRD SCEP vs GPIQ SCEP vs JEPQ SCEP vs FTQI SCEP vs ROCQ

Where to next

Nasdaq-100 (QQQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →QYLD on its own →SCEP on its own →QYLD dividend history →QYLD holdings →SCEP dividend history →SCEP holdings →Method →Standards and sources →

Sources and dates

QYLD filings on SEC EDGAR ↗

QYLD prospectus with the expense ratio (SEC) ↗

QYLD 19a-1 distribution notice ↗

Global X page for QYLD ↗

SCEP filings on SEC EDGAR ↗

SCEP prospectus with the expense ratio (SEC) ↗

SCEP 19a-1 distribution notice ↗

Sterling Capital website ↗

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, QYLD against SCEP, data as of Nov 4, 2026. https://etfiq.com/compare/income/qyld-vs-scep

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