Which paid more, QYLD or SPUT?

Over the year to Nov 4, 2026, QYLD paid 12.3% of its starting price in cash and SPUT paid 4.8%, 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 SPUT?

With every distribution reinvested, QYLD returned +16.5% and SPUT +10.7% over the year to Nov 4, 2026.

Which is cheaper, QYLD or SPUT?

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

Data as of Nov 4, 2026.

Income ETFs

QYLD vs SPUT: 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 SPUT’s 4.8%, 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 $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF.

QYLD on its own →SPUT on its own →

At a glance

12.3%

QYLD cash paid, 1 year

4.8%

SPUT cash paid, 1 year

+16.5%

QYLD total return, 1 year

+10.7%

SPUT 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.

SPUT · 1 year to Nov 4, 2026 4.1 pts behind SPY

SPUT

+10.7%

SPY

+14.8%

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.8% as cash

4.1 pts behind SPY

Total return, distributions reinvested

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.1 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, 0 to +16.5%. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 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 5.8 points; QYLD is far larger, $8.5bn against $17m.

Points (pts) are percentage points.

QYLD vs SPUT: Dividend Yield & Total Return
Measure	QYLD	SPUT
Paid and earned
Measure	QYLD	SPUT
Total return, 1 year	+16.5%	+10.7%
Price change, 1 year	rose 3.3%	rose 5.7%
Return of capital, issuer estimate	99% of the Sep 24, 2026 payment	58% of the Nov 2, 2026 payment
Against its benchmark
Measure	QYLD	SPUT
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	QYLD	SPUT
Expense ratio	0.60%	0.79%
Net assets, as of Oct 12, 2026	$8.5bn	$17m
Holdings
Measure	QYLD	SPUT
Holdings in common	27%

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

IQ Income Score72.8QYLD88.9SPUT

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

SPUT 88.9

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

27%

By the books each fund has filed, QYLD and SPUT hold 27% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

27% in common

Positions both hold · largest shared weight first QYLD SPUT

NVIDIA CORPORATION 8.20% 3.71%

APPLE INC. 7.65% 3.50%

MICROSOFT CORPORATION 5.82% 2.70%

AMAZON.COM, INC. 4.93% 2.06%

ALPHABET INC. 3.50% 1.64%

BROADCOM INC. 3.11% 1.43%

ALPHABET INC. 3.28% 1.43%

META PLATFORMS, INC. 2.78% 0.97%

TESLA, INC. 2.62% 0.82%

MICRON TECHNOLOGY, INC. 4.32% 0.74%

ADVANCED MICRO DEVICES, INC. 3.62% 0.61%

WALMART INC. 2.53% 0.38%

Only in one fund ↓

Only in QYLD

LINDE PUBLIC LIMITED COMPANY 1.03%

SPACE EXPLORATION TECHNOLOGIES CORP. 0.97%

SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY 0.90%

ASML Holding N.V. 0.70%

SHOPIFY INC. 0.67%

ARM Holdings PLC 0.47%

MARRIOTT INTERNATIONAL, INC. 0.46%

HONEYWELL INTERNATIONAL INCORPORATION 0.35%

Only in SPUT

Eli Lilly & Co 0.77%

JPMorgan Chase & Co 0.75%

Berkshire Hathaway Inc 0.56%

ExxonMobil Holdings Corp 0.51%

Johnson & Johnson 0.49%

Visa Inc 0.49%

Mastercard Inc 0.36%

AbbVie Inc 0.35%

Check overlap with more funds →

Side by side

QYLD Global X NASDAQ 100 Covered Call ETF · Covered call on QQQ, paying monthly SPUT Innovator Equity Premium Income - Daily PutWrite ETF · Sells puts on the S&P 500, paying monthly

Issuer Global X Innovator

Strategy covered call put-selling overlay

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

Pays monthly monthly

Payout rate, annualized 12.2% 3.6%

Expense ratio 0.60% 0.79%

Cash paid, 1 year 12.3% 4.8%

Price change, 1 year +3.3% +5.7%

Total return, 1 year +16.5% +10.7%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind +4.2 pts −4.1 pts

Return of capital, latest estimate 99% 58%

Age 12.9 years 1.6 years

Net assets, QYLD as of Oct 12, 2026 and SPUT as of Nov 4, 2026 $8.5bn $17m

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 SPUT: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QYLD	SPUT	QYLD	SPUT	QYLD	SPUT
3 months	+2.4%	+0.9%	3.0%	1.0%	+5.9 pts	+1.0 pts
6 months	+5.4%	+3.4%	6.0%	1.9%	+5.8 pts	−1.6 pts
1 year	+16.5%	+10.7%	12.3%	4.8%	+4.2 pts	−4.0 pts
3 years	+52.7%	–	37.9%	–	−38.6 pts	–
Since launchNot the same days: QYLD Dec 2013 · SPUT Mar 2025	+194.8%	+23.3%	117.5%	9.1%	−610.5 pts	−15.6 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.

SPUT

Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, QYLD or SPUT?: Over the year to Nov 4, 2026, QYLD paid 12.3% of its starting price in cash and SPUT paid 4.8%, 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 SPUT?: With every distribution reinvested, QYLD returned +16.5% and SPUT +10.7% over the year to Nov 4, 2026.
Which is cheaper, QYLD or SPUT?: QYLD charges 0.60% a year and SPUT charges 0.79%, so QYLD is cheaper. Fees come from each fund's prospectus.

Other comparisons

QYLD vs FTHI QYLD vs GPIX QYLD vs DIVO QYLD vs JEPI SPUT vs GPIQ SPUT vs JEPQ SPUT vs FTQI SPUT vs ROCQ

Where to next

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

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.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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

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