QYLD vs SEPQ: Grades, Fees and Holdings Compared

Global X Nasdaq 100 Covered Call ETF

QYLDANasdaq

STF Tactical Growth & Income ETF

SEPQBNasdaq

Overlap

88.8%by weight

Expense ratio

QYLD −0.05pt a year

QYLD0.60%SEPQ0.65%

Avg volume · 30D

QYLD 157.0×the volume

QYLD4.31MSEPQ27.4K

QYLD vs SEPQ Performance

Jul 31, 2026 – Oct 30, 2026

+3.9%QYLD+0.3%SEPQ

Expense ratio: QYLD 0.60%, better; SEPQ 0.65%
Fund size: QYLD $8.2B; SEPQ $93M
1Y total return: QYLD +15.7%; SEPQ No data
Yield (12M): QYLD 11.96%; SEPQ 12.02%, better
Holdings: QYLD 103; SEPQ 97
Avg volume (30D): QYLD 4.31M sh, better; SEPQ 27.4K sh
NAV per share: QYLD $17.88; SEPQ $25.95
52W range

ETF.net Grade

Pillar letters and Scores for QYLD, SEPQ, with each pillar’s weight
Pillar	QYLD	SEPQ
Cost30% weight	B65Higher	B60
Mission25% weight	A100	Not scored
Risk15% weight	A72Higher	B67
Tradability15% weight	A89Higher	D33
Holdings10% weight	B68Higher	B59
Durability5% weight	A90Higher	C50

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. QYLD and SEPQ 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 SEPQ 15th 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 15BHEQQJPMorgan Nasdaq Hedged Equity Laddered Overlay ETFScore 55
Rank 15BSEPQSTF Tactical Growth & Income ETFScore 55
Rank 17CXQQINEOS Boosted Nasdaq-100 High Income ETFScore 53

Our read on each fund

ETF.net Research

QYLDAGlobal X Nasdaq 100 Covered Call ETF

SEPQBSTF Tactical Growth & Income ETF

In short

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.

SEPQ No data

Stated mandate

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.

SEPQ No data

Why people hold it

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.

SEPQ No data

Worth knowing

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.

SEPQ No data

Full QYLD profile⁠

Full SEPQ profile⁠

QYLD vs SEPQ Holdings

As of Oct 13, 2026

How QYLD and SEPQ differ

Overlap by weight

88.8%

Shared holdings make up 97.2% of QYLD and 95.0% of SEPQ.

Level by level

Holdings88 in both88.8%
Asset classEquity100%
Countryby domicile99.8%

Sector

No Sector split for SEPQ.

Country, concentration and asset class

Country by domicile

Country weights in QYLD and SEPQ, widest gap first
Country	More in QYLDMore in SEPQ	QYLD	SEPQ
United States	QYLD +0.2 points	97.3%	97.1%
Canada	Same weight	1.1%	1.1%
Netherlands	Same weight	0.9%	0.9%
Brazil	Same weight	0.4%	0.4%
China	SEPQ +0.1 points	0.2%	0.3%
United Kingdom	SEPQ +0.1 points	0.2%	0.3%

Concentration

Weight in the 10 largest Holdings

QYLD48.9%
SEPQ48.1%

Securities held

QYLD102
SEPQ96

Asset class

QYLD: Equity
SEPQ: Equity

Holdings

Only in QYLD14
In both88
Only in SEPQ8

Only in QYLD

14 securities, 6.9% of QYLD by weight

Space Exploration Techn-Cl A3.03%
Sandisk Corp0.94%
Arm Holdings Plc-Adr0.47%
Lumentum Holdings Inc0.38%
Moderna Inc0.37%
Monolithic Power Systems Inc0.28%
Teradyne Inc0.26%
Astera Labs Inc0.24%
Nebius Group NV0.22%
Microchip Technology Inc0.17%
Thomson Reuters Corp0.17%
Rocket Lab Corp0.16%
Coreweave Inc-Cl A0.16%
Other Payable & Receivables<0.01%

Only in SEPQ

8 securities, 1.0% of SEPQ by weight

Zscaler Inc0.20%
Atlassian Corp0.15%
Cognizant Technology Solutions Corp0.15%
Kraft Heinz Co/The0.14%
Verisk Analytics Inc0.13%
Insmed Inc0.12%
Charter Communications Inc0.07%
CoStar Group Inc0.06%

Weight gaps

All 88 Holdings in both funds, largest gap first.

Holding weights in QYLD and SEPQ, widest gap first
Holding	More in QYLDMore in SEPQ	QYLD	SEPQ
NVIDIA CorpNVDA	QYLD +1.36 points	8.55%	7.19%
Palantir Technologies Inc-APLTR	QYLD +0.93 points	2.08%	1.15%
Apple IncAAPL	SEPQ +0.85 points	7.80%	8.65%
Texas Instruments IncTXN	QYLD +0.81 points	1.12%	0.31%
Netflix IncNFLX	QYLD +0.78 points	1.27%	0.49%
Micron Technology IncMU	QYLD +0.55 points	4.83%	4.29%
Marvell Technology IncMRVL	QYLD +0.53 points	1.01%	0.48%
Intel CorpINTC	QYLD +0.50 points	2.30%	1.80%
Alphabet Inc-Cl AGOOGL	QYLD +0.48 points	3.25%	2.77%
Alphabet Inc-Cl CGOOG	QYLD +0.47 points	3.02%	2.55%
Walmart IncWMT	SEPQ +0.45 points	2.38%	2.83%
Advanced Micro DevicesAMD	QYLD +0.43 points	4.20%	3.77%
Analog Devices IncADI	QYLD +0.39 points	0.85%	0.46%
Costco Wholesale CorpCOST	SEPQ +0.39 points	1.84%	2.23%
Microsoft CorpMSFT	SEPQ +0.33 points	6.30%	6.63%
Broadcom IncAVGO	QYLD +0.23 points	2.65%	2.42%
Amazon.com IncAMZN	QYLD +0.21 points	4.39%	4.17%
Amgen IncAMGN	SEPQ +0.20 points	0.98%	1.18%
Qualcomm IncQCOM	SEPQ +0.20 points	0.79%	0.99%
Pepsico IncPEP	SEPQ +0.17 points	0.75%	0.92%
Linde PLCLIN	SEPQ +0.18 points	0.97%	1.15%
Gilead Sciences IncGILD	SEPQ +0.17 points	0.81%	0.98%
Cisco Systems IncCSCO	SEPQ +0.15 points	1.97%	2.12%
Tesla IncTSLA	SEPQ +0.16 points	3.11%	3.27%
Crowdstrike Holdings Inc - ACRWD	SEPQ +0.14 points	1.17%	1.31%
Intuit IncINTU	QYLD +0.14 points	0.36%	0.22%
Intuitive Surgical IncISRG	SEPQ +0.14 points	0.65%	0.79%
T-Mobile Us IncTMUS	SEPQ +0.14 points	0.70%	0.84%
Palo Alto Networks IncPANW	QYLD +0.13 points	1.42%	1.29%
Vertex Pharmaceuticals IncVRTX	SEPQ +0.12 points	0.56%	0.68%
Adobe IncADBE	SEPQ +0.11 points	0.41%	0.52%
Starbucks CorpSBUX	SEPQ +0.11 points	0.46%	0.57%
Strategy Inc- Class AMSTR	QYLD +0.10 points	0.24%	0.14%
Meta Platforms IncMETA	QYLD +0.09 points	3.46%	3.37%
Marriott International -Cl AMAR	SEPQ +0.09 points	0.42%	0.51%
Booking Holdings IncBKNG	SEPQ +0.10 points	0.51%	0.61%
Automatic Data ProcessingADP	SEPQ +0.09 points	0.47%	0.56%
Fortinet IncFTNT	QYLD +0.10 points	0.62%	0.52%
Comcast Corp-Class ACMCSA	SEPQ +0.09 points	0.32%	0.41%
Nxp Semiconductors NVNXPI	SEPQ +0.09 points	0.25%	0.34%
Western Digital CorpWDC	SEPQ +0.09 points	0.60%	0.69%
Shopify Inc - Class ASHOP	SEPQ +0.08 points	0.94%	1.02%
Lam Research CorpLRCX	QYLD +0.09 points	1.68%	1.59%
Cintas CorpCTAS	SEPQ +0.08 points	0.36%	0.44%
Csx CorpCSX	SEPQ +0.07 points	0.39%	0.46%
Regeneron PharmaceuticalsREGN	SEPQ +0.07 points	0.33%	0.40%
Roper Technologies IncROP	SEPQ +0.07 points	0.16%	0.23%
PayPal Holdings IncPYPL	SEPQ +0.06 points	0.21%	0.27%
Ferrovial NVFER	SEPQ +0.06 points	0.16%	0.22%
Diamondback Energy IncFANG	SEPQ +0.06 points	0.24%	0.30%
Monster Beverage CorpMNST	SEPQ +0.06 points	0.37%	0.43%
Cadence Design Sys IncCDNS	SEPQ +0.06 points	0.41%	0.47%
Honeywell International IncHON	SEPQ +0.05 points	0.29%	0.34%
O'reilly Automotive IncORLY	SEPQ +0.05 points	0.30%	0.35%
Fastenal CoFAST	SEPQ +0.04 points	0.26%	0.30%
Synopsys IncSNPS	SEPQ +0.05 points	0.41%	0.46%
Ge Healthcare TechnologyGEHC	SEPQ +0.04 points	0.13%	0.17%
Mondelez International Inc-AMDLZ	SEPQ +0.04 points	0.35%	0.39%
Pdd Holdings IncPDD	SEPQ +0.04 points	0.23%	0.27%
Ross Stores IncROST	SEPQ +0.04 points	0.32%	0.36%
Applovin Corp-Class AAPP	SEPQ +0.03 points	0.36%	0.39%
Workday Inc-Class AWDAY	SEPQ +0.04 points	0.16%	0.20%
Exelon CorpEXC	SEPQ +0.03 points	0.19%	0.22%
Kla CorpKLAC	SEPQ +0.04 points	1.07%	1.11%
Constellation EnergyCEG	QYLD +0.04 points	0.45%	0.41%
Airbnb Inc-Class AABNB	SEPQ +0.03 points	0.30%	0.33%
Autodesk IncADSK	SEPQ +0.04 points	0.21%	0.25%
Coca-Cola Europacific Partners PLCCCEP	SEPQ +0.04 points	0.20%	0.24%
Baker Hughes CoBKR	SEPQ +0.03 points	0.24%	0.27%
Xcel Energy IncXEL	SEPQ +0.03 points	0.20%	0.23%
Idexx Laboratories IncIDXX	SEPQ +0.03 points	0.18%	0.21%
American Electric PowerAEP	SEPQ +0.03 points	0.30%	0.33%
Mercadolibre IncMELI	QYLD +0.03 points	0.42%	0.39%
Copart IncCPRT	SEPQ +0.03 points	0.11%	0.14%
Honeywell Aerospace IncHONA	SEPQ +0.02 points	0.22%	0.24%
Keurig Dr Pepper IncKDP	SEPQ +0.03 points	0.19%	0.22%
Paychex IncPAYX	SEPQ +0.03 points	0.16%	0.19%
Seagate Technology HoldingsSTX	SEPQ +0.03 points	0.74%	0.77%
Axon Enterprise IncAXON	SEPQ +0.03 points	0.14%	0.17%
Old Dominion Freight LineODFL	SEPQ +0.02 points	0.16%	0.18%
Asml Holding Nv-Ny Reg ShsASML	QYLD +0.02 points	0.69%	0.67%
Alnylam Pharmaceuticals IncALNY	QYLD +0.01 points	0.13%	0.12%
Dexcom IncDXCM	SEPQ +0.01 points	0.14%	0.15%
Doordash Inc - ADASH	SEPQ +0.01 points	0.35%	0.36%
Applied Materials IncAMAT	QYLD +0.01 points	1.71%	1.70%
Take-Two Interactive SoftwreTTWO	Same weight	0.17%	0.17%
Paccar IncPCAR	SEPQ +0.01 points	0.25%	0.26%
Datadog Inc - Class ADDOG	SEPQ +0.01 points	0.41%	0.42%

All 102 QYLD holdings⁠All 101 SEPQ 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.

QYLD vs SEPQ Cost

Overpaying SEPQ vs QYLD

$900

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

QYLD 0.60%
$11,817
SEPQ 0.65%
$12,717

Amount$10,000

Years30 years

Cost over time

QYLD 0.60%
SEPQ 0.65%
Overpaying

Year by year

Year	QYLD	SEPQ	Overpaying
10	$1,076	$1,163	$87
20	$4,116	$4,440	$324
30	$11,817	$12,717	$900

Expense ratio

0.60%QYLD, cheaper
0.65%SEPQ

QYLD0.60%SEPQ0.65%

0.00%1.20%

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

QYLD 10th cheapest of 30 funds

SEPQ 12th cheapest of 30 funds

QYLD vs SEPQ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): QYLD 11.96%; SEPQ 12.02%, better
Payout (12M): QYLD $2.14; SEPQ $3.13
Last payment: QYLD $0.18; SEPQ $0.27
Ex-dividend: QYLD Oct 19, 2026; SEPQ Oct 22, 2026
Paid on: QYLD Oct 22, 2026; SEPQ Oct 23, 2026
Frequency: QYLD Monthly; SEPQ Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

QYLDMonthly · 46 paymentsAll QYLD payments⁠

SEPQMonthly · 46 paymentsAll SEPQ payments⁠

QYLD vs SEPQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QYLD 8.1%SEPQ No data
Return per unit of riskSharpe ratio, 3 years: QYLD 1.31SEPQ No data
Worst fallMax drawdown, 5 years: QYLD −24.6%SEPQ No data
Market sensitivityBeta, 5 years: QYLD 0.48SEPQ 0.81; Market = 1

QYLD and SEPQ in the news

All news⁠

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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QYLD vs SEPQ

In short

Stated mandate

Why people hold it

Worth knowing

How QYLD and SEPQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QYLD

Only in SEPQ

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points

A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%

How QYLD and SEPQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QYLD

Only in SEPQ

Weight gaps