Data as of .
QYLD vs TCAL: which paid, and which earned it?
Over the year QYLD paid 12.5% of its price in cash against TCAL’s 11.4%, 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 173 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 TCAL hold 15% of their money in the same securities at the same weight.
| Holding | QYLD | TCAL |
|---|---|---|
| AMAZON.COM INC | 4.36% | 1.53% |
| MICROSOFT CORP | 5.84% | 1.50% |
| COSTCO WHOLESALE CORP | 1.75% | 1.20% |
| CISCO SYSTEMS INC | 1.90% | 1.14% |
| ADVANCED MICRO DEVICES | 4.02% | 1.04% |
| BROADCOM INC | 2.71% | 0.95% |
| NETFLIX INC | 1.31% | 0.95% |
| LINDE PLC | 0.93% | 1.63% |
| GILEAD SCIENCES INC | 0.82% | 1.48% |
| PEPSICO INC | 0.78% | 1.16% |
| WALMART INC | 2.28% | 0.77% |
| STARBUCKS CORP | 0.48% | 0.59% |
| Only in QYLD | Only in TCAL |
|---|---|
| NVIDIA CORP 8.54% | DANAHER CORP 2.01% |
| APPLE INC 7.82% | WATERS CORP 1.97% |
| MICRON TECHNOLOGY INC 5.05% | VERALTO CORP 1.87% |
| ALPHABET INC-CL A 3.27% | WASTE CONNECTIONS INC 1.80% |
| META PLATFORMS INC 3.15% | YUM BRANDS INC 1.72% |
| TESLA INC 3.05% | MCDONALD S CORP 1.70% |
| ALPHABET INC-CL C 3.02% | VISA INC-CLASS A SHARES 1.69% |
| SPACE EXPLORATION TECHN-CL A 2.88% | LOCKHEED MARTIN CORP 1.60% |
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 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| QYLD | TCAL | QYLD | TCAL | QYLD | TCAL | |
| 3 months | +3.2% | +4.2% | 3.0% | 3.5% | +5.7 pts | +1.9 pts |
| 6 months | +14.5% | +5.3% | 6.3% | 6.3% | −9.7 pts | −12.7 pts |
| 1 year | +23.0% | +3.0% | 12.5% | 11.4% | +1.2 pts | −13.5 pts |
| 3 years | +55.3% | not published | 36.6% | not published | −42.9 pts | not published |
| Since launch | +198.3% | +3.9% | 116.0% | 15.2% | −644.6 pts | −32.7 pts |
| QYLD Global X NASDAQ 100 Covered Call ETF Covered call on QQQ, paying monthly | TCAL T. Rowe Price Capital Appreciation Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Global X | T. Rowe Price |
| Strategy | covered call | covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 11.8% | 9.4% |
| Expense ratio | 0.60% | 0.34% |
| Cash paid, 1 year | 12.5% | 11.4% |
| Price change, 1 year | +9.1% | −8.6% |
| Total return, 1 year | +23.0% | +3.0% |
| Benchmark return, 1 year | +21.8% | +16.6% |
| Ahead or behind | +1.2 pts | −13.5 pts |
| Return of capital, latest estimate | 100% | not published |
| Age | 4663 days | 540 days |
| Net assets | $8.5bn | $276m |
QYLD in plain words
Over the year to Sep 18, 2026, QYLD paid 12.5% of its starting value in cash distributions while its price rose 9.1%. With every distribution reinvested, the fund returned +23.0%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was ahead by 1.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 11.8%, 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).
TCAL in plain words
Over the year to Sep 18, 2026, TCAL paid 11.4% of its starting value in cash distributions while its price fell 8.6%. With every distribution reinvested, the fund returned +3.0%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 13.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.4%, paid monthly.
Questions people ask
- Which paid more, QYLD or TCAL?
- Over the year to Sep 18, 2026, QYLD paid 12.5% of its starting price in cash and TCAL paid 11.4%, 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 TCAL?
- With every distribution reinvested, QYLD returned +23.0% and TCAL returned +3.0% over the year to Sep 18, 2026, so QYLD returned more.
- Which is cheaper, QYLD or TCAL?
- QYLD charges 0.60% a year and TCAL charges 0.34%, so TCAL 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 TCAL, data as of Sep 18, 2026. https://etfiq.com/compare/income/qyld-vs-tcal Free to use with attribution; the underlying files are at Open data.