Data as of Nov 4, 2026.
TPAY vs YQQQ: Dividend Yield & Total Return
TPAY and YQQQ both write options for income.
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Net assets: $2.1m on Nov 4, 2026 for Roundhill S&P 500 Target 10 Managed Distribution ETF, and $15m on Nov 3, 2026 for YieldMax Short N100 Option Income Strategy ETF.
TPAY since launch: paid 6.6%, price +4.6%, total +11.6%, VOO +12.6%, −1.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.YQQQ over 1 year: paid 26.8%, price −21.3%, total +6.6%, short QQQ −14.5%, +21.1 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TPAY costs 0.62 points a year less; YQQQ is 7.1 times larger.
Points (pts) are percentage points.
| Measure | TPAY | YQQQ |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +6.6% |
| Price change | rose 4.6% (since Feb 18, 2026) | fell 21.3% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 15, 2026 payment | |
| Against its benchmark | ||
| Benchmark | Vanguard S&P 500 ETF, measured through VOO | Nasdaq-100 (QQQ) held short |
| Against its benchmark, same days | behind by 1.0 pts | ahead by 21.1 pts |
| Cost and size | ||
| Expense ratio | 0.49% | 1.11% |
| Net assets, as of Nov 3, 2026 | $2.1m | $15m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, TPAY and YQQQ hold 0% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | TPAY | YQQQ | TPAY | YQQQ | TPAY | YQQQ |
| 3 months | −0.8% | +10.7% | 2.3% | 10.6% | −0.7 pts | +8.0 pts |
| 6 months | +4.2% | +9.0% | 4.7% | 15.9% | −0.8 pts | +11.1 pts |
| 1 year | – | +6.6% | – | 26.8% | – | +21.1 pts |
| Since launchNot the same days: TPAY Feb 2026 · YQQQ Aug 2024 | +11.6% | −10.1% | 6.6% | 40.8% | −1.1 pts | +28.7 pts |
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TPAY
Over the period from its first trade on Feb 18, 2026 to Nov 4, 2026, TPAY paid 6.6% of its starting value in cash distributions while its price rose 4.6%. With every distribution reinvested, the fund returned +11.6%. Vanguard S&P 500 ETF (VOO) returned +12.6% over the same days, so a holder was behind by 1.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.5%, paid monthly. Roundhill estimates that 100% of the distribution paid Oct 15, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
YQQQ
Over the year to Nov 4, 2026, YQQQ paid 26.8% of its starting value in cash distributions while its price fell 21.3%. With every distribution reinvested, the fund returned +6.6%. Nasdaq-100 (QQQ) held short returned −14.5% over the same days, so a holder was ahead by 21.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 22.7%, paid weekly.
Questions people ask
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How this is computed
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, TPAY against YQQQ, data as of Nov 4, 2026. https://etfiq.com/compare/income/tpay-vs-yqqq
ETFIQ. (Nov 4, 2026). TPAY against YQQQ. Retrieved from https://etfiq.com/compare/income/tpay-vs-yqqq
[TPAY against YQQQ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/tpay-vs-yqqq)
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