QQQY vs QYLD: Grades, Fees and Holdings Compared

Defiance Nasdaq 100 Weekly Distribution ETF

QQQYCNasdaq

Global X Nasdaq 100 Covered Call ETF

QYLDANasdaq

Overlap

0.0%by weight

Expense ratio

QYLD −0.41pt a year

QQQY1.01%QYLD0.60%

Avg volume · 30D

QYLD 43.5×the volume

QQQY99KQYLD4.31M

3Y return · a year

QYLD +0.5pt

QQQY+15.3%QYLD+15.8%

QQQY vs QYLD Performance

Oct 31, 2025 – Oct 30, 2026

+11.1%QQQY+15.7%QYLD

Expense ratio: QQQY 1.01%; QYLD 0.60%, better
Fund size: QQQY $179M; QYLD $8.2B
1Y total return: QQQY +11.1%; QYLD +15.7%, better
Yield (12M): QQQY 35.31%, better; QYLD 11.96%
Holdings: QQQY 4; QYLD 103
Avg volume (30D): QQQY 99K sh; QYLD 4.31M sh, better
NAV per share: QQQY $20.47; QYLD $17.88
52W range

ETF.net Grade

Pillar letters and Scores for QQQY, QYLD, with each pillar’s weight
Pillar	QQQY	QYLD
Cost30% weight	F17	B65Higher
Mission25% weight	A70	A100Higher
Risk15% weight	C43	A72Higher
Tradability15% weight	B61	A89Higher
Holdings10% weight	Not scored	B68
Durability5% weight	C54	A90Higher

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. QQQY 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 4th and QQQY 20th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 83
Rank 2AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 3AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 80
Rank 4AQYLDGlobal X Nasdaq 100 Covered Call ETFScore 79
Rank 5AQYLGGlobal X Nasdaq 100 Covered Call & Growth ETFScore 77
Rank 19CQXQSGI Enhanced Nasdaq 100 ETFScore 51
Rank 20CQQQYDefiance Nasdaq 100 Weekly Distribution ETFScore 45
Rank 21DCANQCalamos Nasdaq Equity & Income ETFScore 39

Our read on each fund

ETF.net Research

QQQYCDefiance Nasdaq 100 Weekly Distribution ETF

QYLDAGlobal X Nasdaq 100 Covered Call ETF

In short

QQQY The original 0DTE income fund. QQQY sells an in-the-money Nasdaq-100 put every trading day, holds Treasuries as collateral, and pays on a weekly schedule against a stated 30% annual distribution target.

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

QQQY The Fund seeks current income and secondary 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

QQQY Launched September 2023 as the first ETF built around daily-expiring (0DTE) index options for income.businesswire.com
The machinery is easy to picture: sell one in-the-money Nasdaq-100 put per trading day, hold Treasuries behind it, keep the premium.defianceetfs.com
The payout policy is written down, not improvised: a 30% annual distribution rate target, paid weekly.

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

QQQY The 1.01% fee sits above most Nasdaq-100 income funds; covered-call peers JEPQ, GPIQ and QYLG charge 0.35%.
Distributions can include return of capital, which hands back part of your own investment and reduces the share price.defianceetfs.com
Put-writing takes the index's downside while gains stop at the premium collected. You hold Treasuries and options, not Nasdaq-100 shares.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 QQQY profile⁠

Full QYLD profile⁠

QQQY vs QYLD Holdings

As of Oct 13, 2026

How QQQY and QYLD differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of QQQY and 0.0% of QYLD.

Level by level

Holdings0 in both0.0%
Countryby domicile97.3%
Sector10 Sectors97.5%
Asset classEquity100%

Sector

Sector weights in QQQY and QYLD, widest gap first
Sector	More in QQQYMore in QYLD	QQQY	QYLD
Industrials	QYLD +2.2 points	2.9%	5.1%
Consumer Staples	QQQY +0.6 points	6.2%	5.6%
Consumer Discretionary	QQQY +0.6 points	10.7%	10.1%
Technology	QQQY +0.5 points	60.8%	60.3%
Communication	QQQY +0.4 points	13.0%	12.6%
Health Care	QYLD +0.2 points	3.6%	3.8%
Utilities	QQQY +0.1 points	1.1%	1.0%
Materials	QQQY +0.1 points	1.0%	0.9%
Financials	Same weight	0.2%	0.2%
Energy	QQQY +0.1 points	0.5%	0.4%

Country, concentration and asset class

Country by domicile

Country weights in QQQY and QYLD, widest gap first
Country	More in QQQYMore in QYLD	QQQY	QYLD
United States	QQQY +2.7 points	100.0%	97.3%
Canada	QYLD +1.1 points	0.0%	1.1%
Netherlands	QYLD +0.9 points	0.0%	0.9%
Other countries (3)	QYLD +0.8 points	0.0%	0.8%

Concentration

Weight in the 10 largest Holdings

QQQY100.9%
QYLD48.9%

Securities held

QQQY3
QYLD102

Asset class

QQQY: Equity
QYLD: Equity

Holdings

Only in QQQY3
In both0
Only in QYLD102

Only in QQQY

3 securities, 100% of QQQY by weight

Ndx 12/18/2026 1000.34 C97.71%
First American Government Obligations Fund 12/01/20311.76%
Ndx 11/02/2026 28464.33 C0.72%

Only in QYLD

102 securities, 100% of QYLD by weight

NVIDIA Corp8.55%
Apple Inc7.80%
Microsoft Corp6.30%
Micron Technology Inc4.83%
Amazon.com Inc4.39%
Advanced Micro Devices4.20%
Meta Platforms Inc3.46%
Alphabet Inc-Cl A3.25%
Tesla Inc3.11%
Space Exploration Techn-Cl A3.03%
Alphabet Inc-Cl C3.02%
Broadcom Inc2.65%
Walmart Inc2.38%
Intel Corp2.30%
Palantir Technologies Inc-A2.08%
Cisco Systems Inc1.97%
Costco Wholesale Corp1.84%
Applied Materials Inc1.71%
Lam Research Corp1.68%
Palo Alto Networks Inc1.42%
Netflix Inc1.27%
Crowdstrike Holdings Inc - A1.17%
Texas Instruments Inc1.12%
Kla Corp1.07%
Marvell Technology Inc1.01%
Amgen Inc0.98%
Linde PLC0.97%
Sandisk Corp0.94%
Shopify Inc - Class A0.94%
Analog Devices Inc0.85%
Gilead Sciences Inc0.81%
Qualcomm Inc0.79%
Pepsico Inc0.75%
Seagate Technology Holdings0.74%
T-Mobile Us Inc0.70%
Asml Holding Nv-Ny Reg Shs0.69%
Intuitive Surgical Inc0.65%
Fortinet Inc0.62%
Western Digital Corp0.60%
Vertex Pharmaceuticals Inc0.56%
Booking Holdings Inc0.51%
Automatic Data Processing0.47%
Arm Holdings Plc-Adr0.47%
Starbucks Corp0.46%
Constellation Energy0.45%
Mercadolibre Inc0.42%
Marriott International -Cl A0.42%
Synopsys Inc0.41%
Datadog Inc - Class A0.41%
Cadence Design Sys Inc0.41%

Weight gaps

QQQY and QYLD share no securities.

All 5 QQQY holdings⁠All 102 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.

QQQY vs QYLD Cost

Overpaying QQQY vs QYLD

$7,033

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

QQQY 1.01%
$18,850
QYLD 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

QQQY 1.01%
QYLD 0.60%
Overpaying

Year by year

Year	QQQY	QYLD	Overpaying
10	$1,780	$1,076	$704
20	$6,686	$4,116	$2,570
30	$18,850	$11,817	$7,033

Expense ratio

1.01%QQQY
0.60%QYLD, cheaper

QYLD0.60%QQQY1.01%

0.00%1.20%

Middle half of Nasdaq-100 Option Income funds
Median 0.71%

QYLD 10th cheapest of 30 funds

QQQY 25th cheapest of 30 funds

QQQY vs QYLD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): QQQY 35.31%, better; QYLD 11.96%
Payout (12M): QQQY $7.22; QYLD $2.14
Last payment: QQQY $0.12; QYLD $0.18
Ex-dividend: QQQY Oct 29, 2026; QYLD Oct 19, 2026
Paid on: QQQY Oct 30, 2026; QYLD Oct 22, 2026
Frequency: QQQY Weekly; QYLD Monthly

Distribution history

Per share, 2026, same scale for both

QQQYWeekly · 43 paymentsAll QQQY payments⁠

QYLDMonthly · 10 paymentsAll QYLD payments⁠

QQQY vs QYLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QQQY 15.7%QYLD 8.1%, better
Return per unit of riskSharpe ratio, 3 years: QQQY 0.70QYLD 1.31, better
Worst fallMax drawdown, 5 years: QQQY −18.9%since Sep 2023QYLD −24.6%
Market sensitivityBeta, 5 years: QQQY 0.99QYLD 0.48; Market = 1

QQQY and QYLD in the news

All news⁠

ETF Filings
Defiance files AI index funds that may also buy private companies outside the index
Oct 30, 2026QQQY
Category Review
The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points
Updated Oct 2, 2026QYLD
Income Watch
A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%
Sep 20, 2026QYLD

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QQQY vs QYLD

In short

Stated mandate

Why people hold it