QLDY ETF — Defiance Nasdaq 100 LightningSpread Income ETF

Defiance Nasdaq 100 LightningSpread Income ETF (QLDY)

QLDY is an ETF that tracks the NASDAQ 100. As of August 19, 2026, its distribution rate is 40.65%, its trailing-12-month yield is 38.26%, its expense ratio is 1.04%. Dividend Vision Distribution Safety Score™ is 57/100 (Caution). Fund total return is 14.1% over the past 0.9 years, 7.0 points behind QQQ at 21.1%.

At the current 40.65% distribution rate, a $10,000 investment would generate approximately $4,065 per year, or $338.75 per month on an equivalent basis. Actual twice-weekly payments vary.

Defiance Nasdaq 100 LightningSpread Income ETF is an actively managed fund that seeks current income and secondary capital appreciation by employing a proprietary options strategy designed to generate daily income from options premiums while maintaining long exposure to the Nasdaq-100 Index. The fund distributes income twice weekly and carries an expense ratio of 1.04%. It appeals primarily to income-focused investors seeking frequent distributions from an equity-based strategy, though the non-diversified structure and options-based approach carry distinct risks.

QLDY performance versus QQQ

Data as of August 19, 2026.

Fund total return is 14.1% over the past 0.9 years, 7.0 points behind QQQ at 21.1%. Its deepest 1-year drawdown was 16.1%.

QLDY key facts

Data as of August 19, 2026.

Distribution Safety Score™

57 · Caution

Safety-Adjusted Yield

23.17%

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

09/17/2025

Expense ratio

1.04%

Distribution rate

40.65%

Distribution frequency

Twice-Weekly

Trailing yield

38.26%

30-day SEC yield

-0.82%

Last close

$41.88

AUM

$52,146,856

Average volume

63886.0

Last dividend

$0.1637

Ex-dividend date

08/19/2026

Payment date

08/20/2026

Beta

1.4315

P/E ratio

29.6197

How Dividend Vision calculates yield and returns

Distribution rate (40.65%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (38.26%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. The 30-day SEC yield (-0.82%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Defiance ETFs fund page; Index: NASDAQ 100; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

QLDY risks and drawbacks

Total return has trailed QQQ over the available window. The deepest 1-year drawdown on record here is 16.1%.

Who may consider QLDY — and who may not

It is a weaker fit for investors whose main goal is matching QQQ total return. This is educational context, not a recommendation to buy or sell.

Compare QLDY

QLDY vs similar funds:

• QLDY vs ODTE

Frequently asked questions

More funds from Defiance ETFs.