Data as of .
XPAY vs YQQQ: which paid, and which earned it?
Over the year YQQQ paid 23.1% of its price in cash against XPAY’s 19.9%, though XPAY returned more with it reinvested.
ETFIQ Return Stability Score: XPAY 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, XPAY and YQQQ hold 5% of their money in the same securities at the same weight.
| Holding | XPAY | YQQQ |
|---|---|---|
| First American Government Obligations Fund 12/01/2031 | 4.95% | 5.94% |
| Only in XPAY | Only in YQQQ |
|---|---|
| SPY 02/12/2027 33.47 C 13.75% | United States Treasury Note/Bond 2.375% 05/15/2027 28.76% |
| SPY 07/16/2027 36.7 C 11.79% | United States Treasury Bill 07/08/2027 28.59% |
| SPY 03/12/2027 33.67 C 11.51% | United States Treasury Bill 02/18/2027 17.25% |
| SPY 04/16/2027 33.87 C 11.49% | United States Treasury Bill 12/10/2026 13.01% |
| SPY 06/11/2027 37.11 C 10.07% | United States Treasury Bill 10/15/2026 7.09% |
| SPY 01/15/2027 33.21 C 6.96% | QQQ 10/16/2026 720.02 P 1.66% |
| SPY 12/11/2026 33.1 C 6.40% | QQQ US 09/25/26 P690 0.06% |
| SPY 09/10/2027 37.99 C 5.57% | QQQ US 09/18/26 P685 0.00% |
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 Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| XPAY | YQQQ | XPAY | YQQQ | XPAY | YQQQ | |
| 3 months | +2.0% | +5.8% | 5.0% | 6.5% | −0.3 pts | +8.3 pts |
| 6 months | +17.8% | −13.9% | 11.1% | 10.8% | −0.2 pts | −38.2 pts |
| 1 year | +15.7% | −3.5% | 19.9% | 23.1% | −0.9 pts | −25.3 pts |
| Since launch | +34.7% | −17.6% | 37.5% | 37.0% | −2.3 pts | −71.2 pts |
| XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF Option income on SPY, paying monthly | YQQQ YieldMax(R) Short N100 Option Income Strategy ETF Synthetic covered call on QQQ, paying weekly | |
|---|---|---|
| Issuer | Roundhill | YieldMax |
| Strategy | option income | synthetic covered call |
| Benchmark | S&P 500 (SPY) | Nasdaq-100 (QQQ) |
| Pays | monthly | weekly |
| Payout rate, annualized | 20.8% | 21.3% |
| Expense ratio | 0.49% | 1.11% |
| Cash paid, 1 year | 19.9% | 23.1% |
| Price change, 1 year | −5.8% | −25.7% |
| Total return, 1 year | +15.7% | −3.5% |
| Benchmark return, 1 year | +16.6% | +21.8% |
| Ahead or behind | −0.9 pts | −25.3 pts |
| Return of capital, latest estimate | not published | 0% |
| Age | 687 days | 764 days |
| Net assets | $179m | $27m |
XPAY in plain words
Over the year to Sep 18, 2026, XPAY paid 19.9% of its starting value in cash distributions while its price fell 5.8%. With every distribution reinvested, the fund returned +15.7%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 20.8%, paid monthly.
YQQQ in plain words
Over the year to Sep 18, 2026, YQQQ paid 23.1% of its starting value in cash distributions while its price fell 25.7%. With every distribution reinvested, the fund returned −3.5%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was behind by 25.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 21.3%, paid weekly. YieldMax estimates that 0% of the distribution paid Sep 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, XPAY or YQQQ?
- Over the year to Sep 18, 2026, XPAY paid 19.9% of its starting price in cash and YQQQ paid 23.1%, so YQQQ paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, XPAY or YQQQ?
- With every distribution reinvested, XPAY returned +15.7% and YQQQ returned −3.5% over the year to Sep 18, 2026, so XPAY returned more.
- Which is cheaper, XPAY or YQQQ?
- XPAY charges 0.49% a year and YQQQ charges 1.11%, so XPAY 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, XPAY against YQQQ, data as of Sep 18, 2026. https://etfiq.com/compare/income/xpay-vs-yqqq Free to use with attribution; the underlying files are at Open data.