Which paid more, QYLD or SCLZ?

Over the year to Nov 4, 2026, QYLD paid 12.3% of its starting price in cash and SCLZ paid 8.5%, so QYLD paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, QYLD or SCLZ?

With every distribution reinvested, QYLD returned +16.5% and SCLZ +10.6% over the year to Nov 4, 2026.

Which is cheaper, QYLD or SCLZ?

QYLD charges 0.60% a year and SCLZ charges 0.79%, so QYLD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

QYLD vs SCLZ: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QYLD paid 12.3% of its price in cash against SCLZ’s 8.5%, and returned more with it reinvested.

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Net assets: $8.5bn on Oct 12, 2026 for Global X NASDAQ 100 Covered Call ETF, and $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF.

QYLD on its own →SCLZ on its own →

At a glance

12.3%

QYLD cash paid, 1 year

8.5%

SCLZ cash paid, 1 year

+16.5%

QYLD total return, 1 year

+10.6%

SCLZ total return, 1 year

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.

SCLZ · 1 year to Nov 4, 2026 4.2 pts behind SPY

SCLZ

+10.6%

SPY

+14.8%

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% of it arrived as cash

4.2 pts behind SPY

Total return, distributions reinvested

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% cash

4.2 pts behind SPY

8.5% of it arrived as cash. Both charts share one scale, 0 to +16.5%. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +16.5%. Data to Nov 4, 2026.

Pair scorecard

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

Points (pts) are percentage points.

QYLD vs SCLZ: Dividend Yield & Total Return
Measure	QYLD	SCLZ
Paid and earned
Measure	QYLD	SCLZ
Total return, 1 year	+16.5%	+10.6%
Price change, 1 year	rose 3.3%	rose 1.6%
Return of capital, issuer estimate	99% of the Sep 24, 2026 payment
Against its benchmark
Measure	QYLD	SCLZ
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	QYLD	SCLZ
Expense ratio	0.60%	0.79%
Net assets, QYLD as of Oct 12, 2026 and SCLZ as of Jun 30, 2026	$8.5bn	$20m
Holdings
Measure	QYLD	SCLZ
Holdings in common	47%

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

IQ Income Score72.8QYLD71.6SCLZ

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

QYLD 72.8

SCLZ 71.6

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

What they share

47%

By the books each fund has filed, QYLD and SCLZ hold 47% 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

47% in common

Positions both hold · largest shared weight first QYLD SCLZ

APPLE INC. 7.65% 6.20%

NVIDIA CORPORATION 8.20% 6.03%

MICRON TECHNOLOGY, INC. 4.32% 7.95%

AMAZON.COM, INC. 4.93% 3.77%

MICROSOFT CORPORATION 5.82% 3.74%

ADVANCED MICRO DEVICES, INC. 3.62% 5.18%

ALPHABET INC. 3.50% 5.22%

BROADCOM INC. 3.11% 4.74%

META PLATFORMS, INC. 2.78% 3.36%

CISCO SYSTEMS, INC. 2.13% 3.03%

TESLA, INC. 2.62% 1.81%

WALMART INC. 2.53% 1.49%

Only in one fund ↓

Only in QYLD

ALPHABET INC. 3.28%

INTEL CORPORATION 2.11%

APPLIED MATERIALS, INC. 1.88%

LAM RESEARCH CORPORATION 1.71%

PALO ALTO NETWORKS, INC. 1.26%

TEXAS INSTRUMENTS INCORPORATED 1.17%

KLA CORPORATION 1.11%

LINDE PUBLIC LIMITED COMPANY 1.03%

Only in SCLZ

ELI LILLY & COMPANY 3.88%

JP MORGAN CHASE & COMPANY 3.53%

BERKSHIRE HATHAWAY INC 3.12%

GE AEROSPACE 2.76%

JOHNSON & JOHNSON 2.43%

VISA INC 2.29%

EXXON MOBIL CORP 1.94%

CATERPILLAR INC 1.86%

Check overlap with more funds →

Side by side

QYLD Global X NASDAQ 100 Covered Call ETF · Covered call on QQQ, paying monthly SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly

Issuer Global X Swan

Strategy covered call dividend stocks with call overlay

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

Pays monthly monthly

Payout rate, annualized 12.2% 8.7%

Expense ratio 0.60% 0.79%

Cash paid, 1 year 12.3% 8.5%

Price change, 1 year +3.3% +1.6%

Total return, 1 year +16.5% +10.6%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind +4.2 pts −4.2 pts

Return of capital, latest estimate 99% not published

Age 12.9 years 2.7 years

Net assets, QYLD as of Oct 12, 2026 and SCLZ as of Jun 30, 2026 $8.5bn $20m

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 SCLZ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QYLD	SCLZ	QYLD	SCLZ	QYLD	SCLZ
3 months	+2.4%	0.0%	3.0%	2.1%	+5.9 pts	+0.2 pts
6 months	+5.4%	+4.4%	6.0%	4.3%	+5.8 pts	−0.6 pts
1 year	+16.5%	+10.6%	12.3%	8.5%	+4.2 pts	−4.2 pts
3 years	+52.7%	–	37.9%	–	−38.6 pts	–
Since launchNot the same days: QYLD Dec 2013 · SCLZ Feb 2024	+194.8%	+35.4%	117.5%	21.2%	−610.5 pts	−20.8 pts

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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.

SCLZ

Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +10.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.7%, paid monthly.

Questions people ask

Which paid more, QYLD or SCLZ?: Over the year to Nov 4, 2026, QYLD paid 12.3% of its starting price in cash and SCLZ paid 8.5%, so QYLD paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, QYLD or SCLZ?: With every distribution reinvested, QYLD returned +16.5% and SCLZ +10.6% over the year to Nov 4, 2026.
Which is cheaper, QYLD or SCLZ?: QYLD charges 0.60% a year and SCLZ charges 0.79%, so QYLD is cheaper. Fees come from each fund's prospectus.

Other comparisons

QYLD vs DRKY QYLD vs APRH QYLD vs APRJ QYLD vs BIGY SCLZ vs GPIQ SCLZ vs JEPQ SCLZ vs FTQI SCLZ vs ROCQ

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →QYLD on its own →SCLZ on its own →QYLD dividend history →QYLD holdings →SCLZ dividend history →SCLZ 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 ↗

SCLZ filings on SEC EDGAR ↗

SCLZ prospectus with the expense ratio (SEC) ↗

Swan website ↗

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.

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 SCLZ, data as of Nov 4, 2026. https://etfiq.com/compare/income/qyld-vs-sclz

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