Defiance Nasdaq 100 LightningSpread Income ETF
$41.42−0.54 (−1.29%)
- Expense ratio
- 1.04%
- Fund size
- $54M
- 1Y return
- +19.9%
- Yield · Last 12 months
- Data unavailable
- Holdings
- 7
- Volume · 30D
- 0M sh
- NAV per share
- $41.52
- 52W range
The ETF.net QLDY Grade
Score 33 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 13Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 61Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 20Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 38Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 45Category rank
Our read on QLDY
DDefiance's spin on Nasdaq-100 exposure: options for the ride, daily put-spread sales for the income, and a paycheck that lands twice a week instead of once a month.
The fund seeks frequent income while preserving an opportunity for indirect participation in Nasdaq-100 performance, subject to a limit on potential gains.
Why people hold it
- Pays twice a week. Defiance launched the fund billing that cadence as an industry first, and the twice-weekly schedule is baked into its stated income policy.globenewswire.com
- The engine is legible: options for long exposure to the Nasdaq-100's price return, plus put spreads sold daily to generate the cash it distributes.defianceetfs.comsec.gov
- At 1.04% a year it lands right at the median for its leveraged-bull peer group, and it stands in the upper half of that cohort on our review.
Worth knowing
- The income has a price tag. The fund's own objective says participation in Nasdaq-100 performance is subject to a limit on potential gains.
- It launched in September 2025, so the track record is short, and the same-day put spreads at its core carry exposure to sharp single-day drops.sec.gov
- Small fund, light trading. That can mean wider bid-ask spreads and more price-to-NAV wobble than in the category's household names like QLD and TQQQ.
QLDY Holdings
- Stocks
- 7
- 100%
- NDX 12/18/2026 2001.44 C
QLDY 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 | QLDY |
|---|---|
| Year to date | +18.4% |
| 1 month | +5.3% |
| 3 months | −1.4% |
| 1 year | +19.9% |
| 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 | QLDY |
|---|---|---|
| 2026 YTD | +18.4% | |
| 2025 | +2.7% |
QLDY in the news
ETF.net Research hasn’t filed on QLDY yet — coverage lands here as it’s written.
QLDY Dividends
- $0.15 per share
- Irregular
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 21, 2026 | $0.15 |
| Sep 11, 2026 | Sep 14, 2026 | $0.16 |
| Sep 9, 2026 | Sep 10, 2026 | $0.16 |
| Sep 4, 2026 | Sep 8, 2026 | $0.15 |
| Sep 2, 2026 | Sep 3, 2026 | $0.16 |
| Aug 28, 2026 | Aug 31, 2026 | $0.16 |
| Aug 26, 2026 | Aug 27, 2026 | $0.16 |
| Aug 21, 2026 | Aug 22, 2026 | $0.16 |
| Aug 19, 2026 | Aug 20, 2026 | $0.16 |
| Aug 14, 2026 | Aug 15, 2026 | $0.16 |
| Aug 12, 2026 | Aug 13, 2026 | $0.16 |
| Aug 7, 2026 | Aug 10, 2026 | $0.16 |
QLDY Risk
- —
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.
- —
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.
- −15.5%
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.
- 1.78
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QLDY Cost
- The middle half of Nasdaq-100 Option Income funds
- Median 0.74%
26 of the 31 Nasdaq-100 Option Income funds charge less.