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QQQT vs QYLD

NASDAQ 100 Income Target ETF

QQQTDNasdaq

Global X Nasdaq 100 Covered Call ETF

QYLDANasdaq

Overlap

Expense ratio

QYLD −0.60pt a year

QQQT1.20%QYLD0.60%

Avg volume · 30D

QYLD 130.2×the volume

QQQT35.3KQYLD4.59M

QQQT vs QYLD Performance

Nov 7, 2025 – Nov 9, 2026

+9.5%QQQT+14.8%QYLD

Nov 7, 2025 to Nov 9, 2026. QQQT +9.5%. QYLD +14.8%. Use the arrow keys to read each point.−10%−5%0%5%20%Nov 2025May 2026Nov 2026
Expense ratio
QQQT 1.20%
QYLD 0.60%, better
Fund size
QQQT $50M
QYLD $7.84B
1Y total return
QQQT +9.5%
QYLD +14.8%, better
Yield (12M)
QQQT 22.18%, better
QYLD 12.11%
Holdings
QQQT 3
QYLD 103
Avg volume (30D)
QQQT 35.3K sh
QYLD 4.59M sh, better
NAV per share
QQQT $15.61
QYLD $17.11
52W range

ETF.net Grade

QQQT: Cost 0, Risk 41, Mission 79, Tradability 22, Holdings 34, Durability 51. QYLD: Cost 65, Risk 71, Mission 100, Tradability 90, Holdings 73, Durability 91.
Pillar letters and Scores for QQQT, QYLD, with each pillar’s weight
PillarQQQTQYLD
Cost30% weightF0B65Higher
Mission25% weightA79A100Higher
Risk15% weightC41A71Higher
Tradability15% weightF22A90Higher
Holdings10% weightD34A73Higher
Durability5% weightC51A91Higher

Rank among Nasdaq-100 Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QQQT and QYLD are both graded against the same 30 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 30 funds
See all 30 ›

QYLD ranks 2nd and QQQT 25th of 30 funds in the Nasdaq-100 Option Income Category.

  1. Rank 1AQQAInvesco QQQ Income Advantage ETFScore 82
  2. Rank 2AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 80
  3. Rank 2AQYLDGlobal X Nasdaq 100 Covered Call ETFScore 80
  4. Rank 4AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 79
  5. Rank 24DYQQQYieldMax Short N100 Option Income Strategy ETFScore 37
  6. Rank 25DQQQTNASDAQ 100 Income Target ETFScore 35
  7. Rank 26DQDTYYieldMax Nasdaq 100 0DTE Covered Call Strategy ETFScore 34

Our read on each fund

ETF.net Research

QQQTDNASDAQ 100 Income Target ETF

QYLDAGlobal X Nasdaq 100 Covered Call ETF

In short

QQQT Most Nasdaq-100 income funds pay out whatever premium they happen to collect. QQQT works backward from the number: a stated 20% annual distribution target, funded by call spreads sold daily on the index, paid monthly.

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

QQQT The Fund seeks current income and, secondarily, exposure to the performance of the Nasdaq 100 Index.

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

  • QQQT The payout goal is written down, not implied: a 20% annualized distribution target, distributed monthly.defianceetfs.com
  • The engine is daily credit call spreads on the Nasdaq 100. Buying a further-out call against each short call puts a defined ceiling on what any single spread can lose.defianceetfs.com
  • Income leads, but the prospectus keeps a secondary objective of Nasdaq 100 exposure, so the fund stays tied to the index it names rather than drifting into a generic options sleeve.
  • 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

  • QQQT At 1.20% a year, it charges several times what the biggest Nasdaq-100 premium income funds (JEPQ, GPIQ) do, and that fee comes out of the income before you see it.
  • Defiance discloses that distributions can include return of capital, meaning part of a monthly payment can be your own principal coming back.defianceetfs.com
  • Selling call spreads caps how much of a Nasdaq 100 rally the fund keeps while index drawdowns still pass through, so the shape of returns differs from simply owning the index.defianceetfs.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 QQQT profile⁠

Full QYLD profile⁠

QQQT vs QYLD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QQQT vs QYLD Cost

Overpaying QQQT vs QYLD

$10,034

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QQQT 1.20%

    $21,851

  • QYLD 0.60%

    $11,817

$10,000
30 years

Cost over time

  • QQQT 1.20%
  • QYLD 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530QQQT $21,851QYLD $11,817

Year by year

YearQQQTQYLDOverpaying
10$2,098$1,076$1,022
20$7,814$4,116$3,698
30$21,851$11,817$10,034

Expense ratio

  • 1.20%QQQT
  • 0.60%QYLD, cheaper
  • Middle half of Nasdaq-100 Option Income funds
  • Median 0.71%

QYLD 10th cheapest of 30 funds

QQQT 30th cheapest of 30 funds

QQQT vs QYLD Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
QQQT 22.18%, better
QYLD 12.11%
Payout (12M)
QQQT $3.57
QYLD $2.14
Last payment
QQQT $0.29
QYLD $0.18
Ex-dividend
QQQT Nov 2, 2026
QYLD Oct 19, 2026
Paid on
QQQT Nov 3, 2026
QYLD Oct 22, 2026
Frequency
QQQT Monthly
QYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

QQQTMonthly · 28 paymentsAll QQQT payments⁠
One bar per payment. 28 payments from 2023 to 2026 YTD. Jul 31, 2024 $0.32; Sep 3, 2024 $0.32; Oct 1, 2024 $0.32; Nov 1, 2024 $0.32; Dec 2, 2024 $0.34; Dec 31, 2024 $0.33; Feb 3, 2025 $0.32; Mar 3, 2025 $0.31; Apr 1, 2025 $0.29; May 1, 2025 $0.27; Jun 2, 2025 $0.30; Jul 1, 2025 $0.31; Aug 1, 2025 $0.32; Sep 2, 2025 $0.32; Oct 1, 2025 $0.32; Nov 3, 2025 $0.33; Dec 1, 2025 $0.31; Dec 31, 2025 $0.31; Feb 2, 2026 $0.30; Mar 2, 2026 $0.28; Apr 1, 2026 $0.26; May 1, 2026 $0.29; Jun 1, 2026 $0.32; Jul 1, 2026 $0.31; Aug 3, 2026 $0.29; Sep 1, 2026 $0.30; Oct 1, 2026 $0.30; Nov 2, 2026 $0.29. Use the arrow keys to read each point.$0$0.2520232026YTD
QYLDMonthly · 46 paymentsAll QYLD payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 23, 2023 $0.17; Feb 21, 2023 $0.17; Mar 20, 2023 $0.17; Apr 24, 2023 $0.17; May 22, 2023 $0.17; Jun 20, 2023 $0.18; Jul 24, 2023 $0.18; Aug 21, 2023 $0.17; Sep 18, 2023 $0.17; Oct 23, 2023 $0.17; Nov 20, 2023 $0.16; Dec 28, 2023 $0.17; Jan 22, 2024 $0.18; Feb 20, 2024 $0.18; Mar 18, 2024 $0.18; Apr 22, 2024 $0.17; May 20, 2024 $0.16; Jun 24, 2024 $0.17; Jul 22, 2024 $0.18; Aug 19, 2024 $0.18; Sep 23, 2024 $0.18; Oct 21, 2024 $0.18; Nov 18, 2024 $0.18; Dec 30, 2024 $0.34; Jan 21, 2025 $0.19; Feb 24, 2025 $0.17; Mar 24, 2025 $0.17; Apr 21, 2025 $0.16; May 19, 2025 $0.17; Jun 23, 2025 $0.17; Jul 21, 2025 $0.17; Aug 18, 2025 $0.17; Sep 22, 2025 $0.17; Oct 20, 2025 $0.17; Nov 24, 2025 $0.17; Dec 22, 2025 $0.18; Jan 20, 2026 $0.18; Feb 23, 2026 $0.18; Mar 23, 2026 $0.17; Apr 20, 2026 $0.18; May 18, 2026 $0.18; Jun 22, 2026 $0.19; Jul 20, 2026 $0.18; Aug 24, 2026 $0.18; Sep 21, 2026 $0.18; Oct 19, 2026 $0.18. Use the arrow keys to read each point.$0$0.2520232026YTD

QQQT vs QYLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QQQT 17.3%since Jul 2024QYLD 8.1%
Return per unit of riskSharpe ratio, 3 years
QQQT 0.57since Jul 2024QYLD 1.31
Worst fallMax drawdown, 5 years
QQQT −22.5%since Jun 2024QYLD −24.6%
Market sensitivityBeta, 5 years
QQQT 1.32QYLD 0.48

QQQT and QYLD in the news

All news⁠

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