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Data as of Nov 4, 2026.

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Income ETFs

QYLD vs WDTE: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, WDTE paid 27.9% of its price in cash against QYLD’s 12.3%, though QYLD 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 $69m on Nov 3, 2026 for Defiance S&P 500 Weekly Distribution ETF.

QYLD on its own →WDTE on its own →
At a glance
12.3%
QYLD cash paid, 1 year
27.9%
WDTE cash paid, 1 year
+16.5%
QYLD total return, 1 year
+14.1%
WDTE 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.
WDTE · 1 year to Nov 4, 2026 0.7 pts behind SPY
WDTE
+14.1%
SPY
+14.8%

0.7 pts behind SPY

WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.

SPY

+14.8%

WDTE

+14.1%

27.9% of it arrived as cash

0.7 pts behind SPY

Total return, distributions reinvested

0.7 pts behind SPY

WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.

SPY

+14.8%

WDTE

+14.1%

27.9% as cash

0.7 pts behind SPY

27.9% of it arrived as cash. Both charts share one scale, with zero at the line. WDTE over 1 year: paid 27.9%, price −15.9%, total +14.1%, SPY +14.8%, −0.7 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

QYLD costs 0.43 points a year less; their one-year returns differ by 2.4 points; QYLD is far larger, $8.5bn against $73m.

Points (pts) are percentage points.

QYLD vs WDTE: Dividend Yield & Total Return
MeasureQYLDWDTE
Paid and earned
Total return, 1 year+16.5%+14.1%
Price change, 1 yearrose 3.3%fell 15.9%
Return of capital, issuer estimate99% of the Sep 24, 2026 payment100% of the Oct 30, 2026 payment
Against its benchmark
BenchmarkNasdaq-100, measured through QQQS&P 500, measured through SPY
Cost and size
Expense ratio0.60%1.03%
Net assets, as of Oct 12, 2026$8.5bn$73m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · QYLD scores higher How much of what it paid out did its total return cover?
IQ Income Score72.8QYLD35.6WDTE

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

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

0%

By the books each fund has filed, QYLD and WDTE hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first QYLD WDTE
Only in one fund ↓
Only in QYLD
NVIDIA CORPORATION 8.20%
APPLE INC. 7.65%
MICROSOFT CORPORATION 5.82%
AMAZON.COM, INC. 4.93%
MICRON TECHNOLOGY, INC. 4.32%
ADVANCED MICRO DEVICES, INC. 3.62%
ALPHABET INC. 3.50%
ALPHABET INC. 3.28%
Only in WDTE
Spx Us 12/18/26 C600 95.18%
Spx 11/05/2026 7710.15 C 0.14%
Spx 11/05/2026 7688.62 C -0.28%
Check overlap with more funds →

Side by side

QYLD Global X NASDAQ 100 Covered Call ETF · Covered call on QQQ, paying monthly WDTE Defiance S&P 500 Weekly Distribution ETF · Option income on SPY, paying weekly
Issuer Global X Defiance
Strategy covered call option income
Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)
Pays monthly weekly
Payout rate, annualized 12.2% 30.3%
Expense ratio 0.60% 1.03%
Cash paid, 1 year 12.3% 27.9%
Price change, 1 year +3.3% −15.9%
Total return, 1 year +16.5% +14.1%
Benchmark return, 1 year +12.3% +14.8%
Ahead or behind +4.2 pts −0.7 pts
Return of capital, latest estimate 99% 100%
Age 12.9 years 3.1 years
Net assets, QYLD as of Oct 12, 2026 and WDTE as of Nov 3, 2026 $8.5bn $69m

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 WDTE: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowQYLDWDTEQYLDWDTEQYLDWDTE
3 months+2.4%−0.4%3.0%7.3%+5.9 pts−0.2 pts
6 months+5.4%+4.6%6.0%14.4%+5.8 pts−0.4 pts
1 year+16.5%+14.1%12.3%27.9%+4.2 pts−0.7 pts
3 years+52.7%+50.8%37.9%78.5%−38.6 pts−32.1 pts
Since launchNot the same days: QYLD Dec 2013 · WDTE Sep 2023+194.8%+49.2%117.5%79.5%−610.5 pts−30.4 pts

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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.

WDTE

Over the year to Nov 4, 2026, WDTE paid 27.9% of its starting value in cash distributions while its price fell 15.9%. With every distribution reinvested, the fund returned +14.1%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 0.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 30.3%, paid weekly. Defiance estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, QYLD or WDTE?
Over the year to Nov 4, 2026, QYLD paid 12.3% of its starting price in cash and WDTE paid 27.9%, so WDTE 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 WDTE?
With every distribution reinvested, QYLD returned +16.5% and WDTE +14.1% over the year to Nov 4, 2026.
Which is cheaper, QYLD or WDTE?
QYLD charges 0.60% a year and WDTE charges 1.03%, so QYLD is cheaper. Fees come from each fund's prospectus.
Other comparisons
QYLD vs XYLGQYLD vs XRMIQYLD vs ACSPQYLD vs SPINWDTE vs GPIQWDTE vs JEPQWDTE vs FTQIWDTE vs ROCQ
Where to next
Nasdaq-100 (QQQ) →S&P 500 (SPY) →QYLD on its own →WDTE on its own →QYLD dividend history →QYLD holdings →WDTE dividend history →WDTE 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 ↗
WDTE filings on SEC EDGAR ↗
WDTE prospectus with the expense ratio (SEC) ↗
WDTE 19a-1 distribution notice ↗
Defiance page for WDTE ↗

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

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