YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF
$38.94−0.14 (−0.36%)
- 1.17%
- $29M
- +24.9%
- 35.85%
- 0M sh
- $39.24
- low $36.36high $46.91
The ETF.net QDTY Grade
D
Score 38 out of 100
- 24 of 31
Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F7 out of 100Rank 29 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.A85 out of 100Rank 14 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C42 out of 100Rank 18 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D28 out of 100Rank 27 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D31 out of 100Rank 30 of 31
Our read on QDTY
DYieldMax's Nasdaq 100 income play: synthetic exposure to the index with call options sold against it that expire the same day. Premium harvested on a daily cycle rather than the usual monthly options rhythm.
QDTY is actively managed and seeks current income plus exposure to the Nasdaq 100 Index's price return through a synthetic covered-call strategy.
Why people hold it
- The mechanism is right in the name: zero-days-to-expiry calls written against synthetic Nasdaq 100 exposure, so premium is collected on a daily options cycle.
- Actively managed with a tight brief: current income plus the Nasdaq 100's price return. Independent review finds it sticking closely to that stated mandate.
- Income arrives on a weekly schedule under the fund's stated policy, a faster drumbeat than the monthly cadence common across index covered-call funds.
Worth knowing
- Costs 1.17% a year, against a 0.68% median for Nasdaq 100 income funds. Scaled rivals like JEPQ and GPIQ run 0.35%.
- Selling calls trades away upside for premium, and the synthetic structure means you hold an options position on the index, not the 100 companies themselves.
- Launched in 2025 and still small and thinly traded, so the track record is short and spreads can be wider than at the category's giants.
QDTY Holdings
- Stocks
- 5
- 100%
- Ndx 12/18/2026 1001.26 C
Sectors
- Technology60.8%
- Communication13.0%
- Consumer Discretionary10.7%
- Consumer Staples6.2%
- Health Care3.6%
- Industrials2.9%
- Utilities1.1%
- Materials1.0%
- Energy0.5%
- Financials0.2%
Geography
- United States100.00%
QDTY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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QDTY$12,493
Returns run to the Oct 12, 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 | QDTY |
|---|---|
| Year to date | +16.7% |
| 1 month | +3.0% |
| 3 months | +3.0% |
| 1 year | +24.9% |
| 3 years | — |
| 5 years | — |
| 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 | QDTY |
|---|---|---|
| 2026 YTD | +16.7% | |
| 2025 | +11.5% |
QDTY in the news
QDTY Dividends
- 35.85%
- $14.01
- $0.24 per share
- Weekly
Distribution history
QDTY Risk
- 19.2%
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.
- 0.80
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.
- −23.3%
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.
- 1.32
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QDTY Cost
1.17%
QDTY1.17%
- The middle half of Nasdaq-100 Option Income funds
- Median 0.71%
27 of the 30 Nasdaq-100 Option Income funds charge less.
Other funds in Nasdaq-100 Option Income
- CQDTERoundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETFExpense ratio 0.96%1 year return +27.2%
- DQQQTNASDAQ 100 Income Target ETFExpense ratio 1.20%1 year return +23.6%
- DQGRDHorizon Nasdaq-100 Defined Risk ETFExpense ratio 0.85%1 year return +16.4%
- DQLDYDefiance Nasdaq 100 LightningSpread Income ETFExpense ratio 1.04%1 year return +22.4%
- DFDNDFirst Trust Exchange-Traded Fund IV - FT Vest Dow Jones Internet & Target Income ETFExpense ratio 0.75%1 year return +6.3%