QDPL
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.New York Stock Exchange ArcaPacer Metaurus US Large Cap Dividend Multiplier 400 ETF
$46.36−0.31 (−0.66%)
- Expense ratio
- 0.60%
- Fund size
- $1.8B
- 1Y return
- +16.4%
- Yield · Last 12 months
- 4.57%
- Holdings
- 520
- Volume · 30D
- 0.1M sh
- NAV per share
- $46.64
- 52W range
Our read on QDPL
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.
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 Holdings
- Stocks
- 520
- 37%
- NVDA
Sectors
- Technology38.8%
- Financials12.1%
- Communication10.0%
- Health Care9.2%
- Consumer Discr.8.8%
- Industrials7.4%
- Cons. Staples4.5%
- Energy3.7%
- Utilities2.0%
- Materials1.8%
- Real Estate1.8%
Geography
- United States98.13%
- Ireland1.06%
- United Kingdom0.37%
- Switzerland0.27%
- Netherlands0.08%
- Bermuda0.07%
- Canada0.01%
QDPL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | QDPL |
|---|---|
| Year to date | +13.3% |
| 1 month | +1.1% |
| 3 months | +4.0% |
| 1 year | +16.4% |
| 3 years | +21.2% |
| 5 years | +12.6% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QDPL |
|---|---|---|
| 2026 YTD | +13.3% | |
| 2025 | +16.5% | |
| 2024 | +22.8% | |
| 2023 | +23.6% | |
| 2022 | −16.2% | |
| 2021 | +8.3% |
QDPL in the news
ETF.net Research hasn’t filed on QDPL yet — coverage lands here as it’s written.
QDPL Dividends
- 4.57%
- $2.13
- $0.20 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 1, 2026 | $0.20 |
| Jul 31, 2026 | Aug 3, 2026 | $0.12 |
| Jun 30, 2026 | Jul 1, 2026 | $0.25 |
| May 29, 2026 | Jun 1, 2026 | $0.14 |
| Apr 30, 2026 | May 1, 2026 | $0.12 |
| Mar 31, 2026 | Apr 1, 2026 | $0.20 |
| Feb 27, 2026 | Mar 2, 2026 | $0.19 |
| Jan 30, 2026 | Feb 2, 2026 | $0.15 |
| Dec 31, 2025 | Jan 2, 2026 | $0.18 |
| Nov 28, 2025 | Dec 1, 2025 | $0.21 |
| Oct 31, 2025 | Nov 3, 2025 | $0.13 |
| Sep 30, 2025 | Oct 1, 2025 | $0.25 |
QDPL Risk
- 11.8%
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.
- 1.18
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.
- −22.5%
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.
- 0.91
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QDPL Cost
- 0.60%