Data as of .
QYLD vs SPYI: which paid, and which earned it?
Over the year QYLD paid 12.5% of its price in cash against SPYI’s 12.1%, and returned more with it reinvested.
ETFIQ Return Stability Score: QYLD scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 161 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, QYLD and SPYI hold 1% of their money in the same securities at the same weight.
| Holding | QYLD | SPYI |
|---|---|---|
| LINDE PLC | 0.95% | 0.37% |
| SEAGATE TECHNOLOGY HOLDINGS | 0.82% | 0.32% |
| NXP SEMICONDUCTORS NV | 0.26% | 0.11% |
| Only in QYLD | Only in SPYI |
|---|---|
| NVIDIA CORP 8.46% | NVIDIA Corp 7.57% |
| APPLE INC 7.81% | Apple Inc 6.59% |
| MICROSOFT CORP 5.90% | Microsoft Corp 4.32% |
| MICRON TECHNOLOGY INC 4.86% | Amazon.com Inc 3.65% |
| AMAZON.COM INC 4.42% | Alphabet Inc 3.28% |
| ADVANCED MICRO DEVICES 3.72% | Broadcom Inc 2.80% |
| ALPHABET INC-CL A 3.16% | Alphabet Inc 2.61% |
| META PLATFORMS INC 3.07% | Micron Technology Inc 1.99% |
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 Jun 30, 2026 and Sep 11, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| QYLD | SPYI | QYLD | SPYI | QYLD | SPYI | |
| 3 months | +4.7% | +4.0% | 3.0% | 3.0% | +5.5 pts | +0.7 pts |
| 6 months | +11.8% | +12.6% | 6.2% | 6.3% | −8.9 pts | −3.4 pts |
| 1 year | +22.2% | +15.8% | 12.5% | 12.1% | −0.7 pts | −1.7 pts |
| 3 years | +51.3% | +56.5% | 36.6% | 37.4% | −43.8 pts | −21.3 pts |
| Since launch | +195.4% | +76.9% | 116.0% | 49.2% | −639.0 pts | −25.6 pts |
| QYLD Global X NASDAQ 100 Covered Call ETF Covered call on QQQ, paying monthly | SPYI NEOS S&P 500(R) High Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Global X | NEOS |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 11.9% | 12.2% |
| Expense ratio | 0.60% | 0.68% |
| Cash paid, 1 year | 12.5% | 12.1% |
| Price change, 1 year | +8.4% | +2.6% |
| Total return, 1 year | +22.2% | +15.8% |
| Benchmark return, 1 year | +23.0% | +17.5% |
| Ahead or behind | −0.7 pts | −1.7 pts |
| Return of capital, latest estimate | 100% | 93% |
| Age | 4656 days | 1473 days |
QYLD in plain words
Over the year to Sep 11, 2026, QYLD paid 12.5% of its starting value in cash distributions while its price rose 8.4%. With every distribution reinvested, the fund returned +22.2%. Nasdaq-100 (QQQ) returned +23.0% over the same days, so a holder was behind by 0.7 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 11.9%, paid monthly. Global X estimates that 100% of the distribution paid Aug 27, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
SPYI in plain words
Over the year to Sep 11, 2026, SPYI paid 12.1% of its starting value in cash distributions while its price rose 2.6%. With every distribution reinvested, the fund returned +15.8%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was behind by 1.7 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 12.2%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, QYLD or SPYI?
- Over the year to Sep 11, 2026, QYLD paid 12.5% of its starting price in cash and SPYI paid 12.1%, 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 SPYI?
- With every distribution reinvested, QYLD returned +22.2% and SPYI returned +15.8% over the year to Sep 11, 2026, so QYLD returned more.
- Which is cheaper, QYLD or SPYI?
- QYLD charges 0.60% a year and SPYI charges 0.68%, so QYLD 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, QYLD against SPYI, data as of Sep 11, 2026. https://etfiq.com/compare/income/qyld-vs-spyi Free to use with attribution; the underlying files are at Open data.