QDTE vs QYLD

QDTECRoundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF

QYLDAGlobal X Nasdaq 100 Covered Call ETF

In short

QDTE The original 0DTE income ETF: QDTE sells same-day Nasdaq-100 calls every morning and hands the premium to shareholders weekly. Cash on a fast clock, with each session's upside capped in exchange.

QYLD Running since 2013, QYLD is the no-frills version of the Nasdaq-100 income trade: own the index, sell calls against it, pay out monthly. No stock picking, no manager discretion, just a rules-based buy-write index followed closely.

Stated mandate

QDTE The Fund primarily seeks current income and secondarily seeks capital appreciation through a synthetic covered-call strategy that combines long exposure to the Innovation-100 Index with recurring 0DTE call sales.

QYLD QYLD seeks, before fees and expenses, to generally match the price and yield performance of the Cboe NASDAQ-100® BuyWrite V2 Index. It uses a buy-write strategy that holds NASDAQ-100 stocks and sells corresponding call options.

Why people hold it

• QDTE Launched in March 2024 as the first ETF writing zero-days-to-expiry calls on the Nasdaq-100, it is now a sizable, actively traded fund rather than a thin novelty.roundhillinvestments.com
• Pays weekly, not monthly. Calls are sold at or shortly after the open every business day, so premium is collected on a daily cycle.roundhillinvestments.com
• Synthetic long options positions supply Nasdaq-100 price exposure, and the calls written against them are out-of-the-money, leaving a sliver of intraday upside.roundhillinvestments.comroundhillinvestments.com 2

• QYLD Simple machine: holds Nasdaq-100 stocks, sells the matching calls, and tracks the Cboe NASDAQ-100 BuyWrite V2 Index closely. Nothing to second-guess.
• Income arrives monthly, and the 0.60% fee sits under the median for Nasdaq-100 options-income funds.
• A multi-billion-dollar fund that trades very actively, so getting in and out is rarely the hard part.

Worth knowing

• QDTE The 0.96% fee sits above the category median and above peers like JEPQ (0.35%) and GPIQ (0.29% net of a waiver through April 30, 2027).
• Payouts can exceed income and gains, and the prospectus discloses that the excess is return of capital, which reduces your cost basis.roundhillinvestments.com
• Selling calls every morning caps each day's gain while downside exposure to the index stays, so income comes at the cost of upside participation.roundhillinvestments.com

• QYLD Writing calls sells the upside. When the Nasdaq-100 runs past the strike, that gain goes to the option buyer, not the fund.
• Leaner options on the same index: QQA at 0.33%, GPIQ and JEPQ at 0.35%.
• Payouts are funded by option premium and no target rate is declared, so the monthly check varies with volatility.

Full QDTE profile⁠

Full QYLD profile⁠