Data as of .
YQQQ vs YSPC: which paid, and which earned it?
YQQQ and YSPC both write options for income.
What they hold in common
By the books each fund has filed, YQQQ and YSPC hold 68% of their money in the same securities at the same weight.
| Holding | YQQQ | YSPC |
|---|---|---|
| United States Treasury Bill 07/08/2027 | 28.59% | 43.24% |
| United States Treasury Bill 02/18/2027 | 17.25% | 34.02% |
| United States Treasury Note/Bond 2.375% 05/15/2027 | 28.76% | 16.09% |
| First American Government Obligations Fund 12/01/2031 | 5.94% | 5.82% |
| Only in YQQQ | Only in YSPC |
|---|---|
| United States Treasury Bill 12/10/2026 13.01% | SPCX 10/16/2026 150.01 C 6.39% |
| United States Treasury Bill 10/15/2026 7.09% | SPACE EX CLL OPT 09/26 162.500 0.62% |
| QQQ 10/16/2026 720.02 P 1.66% | SPACE EX CLL OPT 09/26 157.500 0.07% |
| QQQ US 09/25/26 P690 0.06% | SPACE EX CLL OPT 09/26 152.500 -0.15% |
| QQQ US 09/18/26 P685 0.00% | SPACE EX CLL OPT 09/26 155 -1.85% |
| QQQ US 10/16/26 C925 0.00% | SPCX 10/16/2026 150.01 P -4.27% |
| QQQ US 09/25/26 P710 -0.13% | |
| INVESCO PUT OPT 09/26 712 -0.18% |
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 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| YQQQ | YSPC | YQQQ | YSPC | YQQQ | YSPC | |
| 3 months | +5.8% | not published | 6.5% | not published | +8.3 pts | not published |
| 6 months | −13.9% | not published | 10.8% | not published | −38.2 pts | not published |
| 1 year | −3.5% | not published | 23.1% | not published | −25.3 pts | not published |
| Since launch | −17.6% | +6.4% | 37.0% | 10.9% | −71.2 pts | +5.3 pts |
| YQQQ YieldMax(R) Short N100 Option Income Strategy ETF Synthetic covered call on QQQ, paying weekly | YSPC YieldMax(R) [SpaceX] Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | YieldMax | YieldMax |
| Strategy | synthetic covered call | synthetic covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as the proxy |
| Pays | weekly | weekly |
| Payout rate, annualized | 21.3% | 63.0% |
| Expense ratio | 1.11% | 1.01% |
| Cash paid, 1 year | 23.1% | 10.9% (since launch on Jul 15, 2026) |
| Price change, 1 year | −25.7% | −5.3% |
| Total return, 1 year | −3.5% | +6.4% (since launch on Jul 15, 2026) |
| Benchmark return, 1 year | +21.8% | +1.2% |
| Ahead or behind | −25.3 pts | +5.3 pts |
| Return of capital, latest estimate | 0% | 0% |
| Age | 764 days | 65 days |
| Net assets | $27m | $32m |
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).
YSPC in plain words
Over the period since launch on Jul 15, 2026 to Sep 18, 2026, YSPC paid 10.9% of its starting value in cash distributions while its price fell 5.3%. With every distribution reinvested, the fund returned +6.4%. S&P 500 (SPY), used as the proxy returned +1.2% over the same days, so a holder was ahead by 5.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 63.0%, paid weekly.
Questions people ask
- Which is cheaper, YQQQ or YSPC?
- YQQQ charges 1.11% a year and YSPC charges 1.01%, so YSPC 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, YQQQ against YSPC, data as of Sep 18, 2026. https://etfiq.com/compare/income/yqqq-vs-yspc Free to use with attribution; the underlying files are at Open data.