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Launched · SEC filings

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

QDPLNYSE ArcaPacerThis fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.

$44.81−0.31 (−0.69%)

As of Nov 10, 2026, 11:25 AM ET

Intraday session: down, 24 prints from 45.12 to 44.81. Range 44.75 to 45.05. Use the arrow keys to read each point.44.9045.0010 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$1.77B
1Y total return
+12.7%
Yield · Last 12 months
4.60%
Holdings
518
Avg volume · 30D
123K sh
52W range
low $39.12high $47.12
Launched
Filings
SEC EDGAR

The ETF.net QDPL Grade

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Under classification review

This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.

Our read on QDPL

ETF.net Research

In short

Almost every S&P 500 income fund pays you by selling away your upside. QDPL doesn't. It buys S&P 500 dividend futures to target four times the index's ordinary yield, and pays for that with roughly 90% of the index instead of all of it.

Stated mandate

Seeks to track the Metaurus US Large Cap Dividend Multiplier Index—Series 400, designed to deliver cash distributions equal to four times the S&P 500's ordinary yield while retaining approximately 90% exposure to S&P 500 performance.

Why people hold it

  • Income without an options overlay. No calls are sold against the portfolio, so the equity exposure it does hold is not capped in a rally.paceretfs.com
  • Pays monthly, and the payout is a formula (four times the S&P 500's ordinary yield) set by the index, not a fixed dollar target the manager has to chase.paceretfs.com
  • The equity sleeve is plain vanilla: roughly 500 large-cap names, no stock picking, tracking the Metaurus index closely since the 2021 launch.
  • A multi-billion-dollar fund with steady enough trading for ordinary retail order sizes.

Worth knowing

  • The trade is stated on the tin: about 90% S&P 500 exposure, so the equity leg is designed to move less than the full index in both directions.paceretfs.com
  • The 0.60% expense ratio sits at the category median and above cheaper S&P 500 income peers such as IVVW (0.25%) and RSPA (0.32%).
  • The income leg rides S&P 500 dividend futures, a specialized market. Payouts follow those contracts, not cash dividends swept up from the underlying shares.paceretfs.com

QDPL Performance

Launched Jul 12, 2021

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
QDPL$11,273
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. QDPL $11,273. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for QDPL. Periods over one year show the average yearly return.
PeriodQDPL
Year to date+10.3%
1 month−3.3%
3 months−2.3%
1 year+12.7%
3 yearsper year+19.9%
5 yearsper year+10.6%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QDPL
YearReturn barQDPL
2026 YTD+10.3%
2025+16.5%
2024+22.8%
2023+23.6%
2022−16.2%
2021+8.3%

History from Jul 13, 2021

QDPL in the news

QDPL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
4.60%Last 12 months
Payout per share
$2.07Last 12 months
Last payment
$0.13 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 26 payments from 2023 to 2026 YTD. Mar 30, 2023 $0.53; Jun 29, 2023 $0.52; Sep 28, 2023 $0.51; Dec 28, 2023 $0.53; Mar 27, 2024 $0.51; Jun 28, 2024 $0.53; Sep 30, 2024 $0.52; Dec 31, 2024 $0.53; Mar 31, 2025 $0.53; Jun 30, 2025 $0.50; Jul 31, 2025 $0.12; Aug 29, 2025 $0.14; Sep 30, 2025 $0.25; Oct 31, 2025 $0.13; Nov 28, 2025 $0.21; Dec 31, 2025 $0.18; Jan 30, 2026 $0.15; Feb 27, 2026 $0.19; Mar 31, 2026 $0.20; Apr 30, 2026 $0.12; May 29, 2026 $0.14; Jun 30, 2026 $0.25; Jul 31, 2026 $0.12; Aug 31, 2026 $0.20; Sep 30, 2026 $0.19; Oct 30, 2026 $0.13. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Oct 30, 2026Nov 2, 2026$0.13
Sep 30, 2026Oct 1, 2026$0.19
Aug 31, 2026Sep 1, 2026$0.20
Jul 31, 2026Aug 3, 2026$0.12
Jun 30, 2026Jul 1, 2026$0.25
May 29, 2026Jun 1, 2026$0.14
Apr 30, 2026May 1, 2026$0.12
Mar 31, 2026Apr 1, 2026$0.20
Feb 27, 2026Mar 2, 2026$0.19
Jan 30, 2026Feb 2, 2026$0.15
Dec 31, 2025Jan 2, 2026$0.18
Nov 28, 2025Dec 1, 2025$0.21

See all 32 payments⁠

$10,000 in QDPL 5 years ago paid $2,878 in dividends.⁠

QDPL Risk

How much the fund’s monthly returns vary, scaled to a year.
11.3%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.38
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.5%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.91
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

QDPL Cost

QDPL cost

$11,817

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QDPL 0.60%

    $11,817

$10,000
30 years

Cost over time

  • QDPL 0.60%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530QDPL $11,817

Year by year

YearQDPL
10$1,076
20$4,116
30$11,817