Defiance Nasdaq 100 LightningSpread Income ETF
$36.22−0.62 (−1.69%)
- 1.04%
- $53M
- +6.0%
- 47.49%
- 40.3K sh
- low $36.50high $52.03
The ETF.net QLDY Grade
D
Score 34 out of 100
- 26 of 31
Score 34 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.F13 out of 100Rank 27 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.B63 out of 100Rank 18 of 20Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D25 out of 100Rank 29 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D36 out of 100Rank 24 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.C44 out of 100Rank 20 of 31
Our read on QLDY
In short
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.
Stated mandate
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
Worth knowing
QLDY Performance
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.Not enough history yet.Not enough history yet.
QLDY$10,598
Returns run to the Oct 30, 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 | +9.3% |
| 1 month | −7.2% |
| 3 months | −0.3% |
| 1 year | +6.0% |
| 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 | +9.3% | |
| 2025 | +2.7% |
QLDY in the news
QLDY Dividends
- 47.49%
- $17.49
- $0.15 per share
- Weekly
QLDY Risk
- 26.8%
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.
- 0.34
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.
- 1.72
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.
QLDY Cost
Overpaying vs EDGQ, cheapest in Nasdaq-100 Option Income
$19,334
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
QLDY 1.04%
$19,334
EDGQ 0.00% Cheapest
$0
Cost over time
Year by year
| Year | QLDY | EDGQ | Overpaying |
|---|---|---|---|
| 10 | $1,831 | $0 | $1,831 |
| 20 | $6,867 | $0 | $6,867 |
| 30 | $19,334 | $0 | $19,334 |
Other funds in Nasdaq-100 Option Income
- DQQQTNASDAQ 100 Income Target ETFExpense ratio 1.20%1 year return +8.9%
- DKIQQKraneshares Insperex Nasdaq Dynamic Buffered High Income Index ETFExpense ratio 0.79%1 year return
- DFDNDFT Vest Dow Jones Internet & Target Income ETFExpense ratio 0.75%1 year return −7.0%
- DQDTYYieldMax Nasdaq 100 0DTE Covered Call Strategy ETFExpense ratio 1.17%1 year return +8.4%
- FYQQQYieldMax Short N100 Option Income Strategy ETFExpense ratio 1.11%1 year return +2.9%
