A head-to-head comparison of VegaShares SPX NDX RTY Premium Income ETF and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
VegaShares operates a focused suite of two income-focused ETFs designed to generate regular distributions through options strategies and dividend investing. The firm's lineup includes ODTE and VAIE, both emphasizing yield generation for investors seeking regular cash flow. With a specialized niche in options-based and dividend income strategies, VegaShares targets investors prioritizing distributions over capital appreciation.
See our curated list of related YouTube videos on ODTE.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.
See our curated list of related YouTube videos on QDTY.
Bottom lineChoose ODTE if you are comfortable trading away most upside for a large, steady payout. Choose QDTY if you want to maximize current income — roughly 38.97%, generated by selling options premium. There's no free lunch: QDTY's payout comes from selling options, which caps upside and can erode the share price over time, while ODTE keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
ODTE has lagged QDTY over the year to date, posting a 7.07% total return against 9.67%. ODTE has been the steadier holding, though — annualized volatility of 15.2% against 23.3% for QDTY. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 31, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Apr 2026” measures every fund from April 6, 2026 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Apr 2026. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Apr 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) are both weekly-pay dividend ETFs, but they take different approaches.
QDTY offers the higher yield at 38.97% vs 14.92% for ODTE. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
ODTE is cheaper with an expense ratio of 0.76% compared to 1.17%.
They track different benchmarks: ODTE is linked to S&P 500, Nasdaq-100, Russell 2000 while QDTY tracks NASDAQ 100, which means their performance drivers differ.
QDTY has $24.3M in assets vs $3.08M for ODTE, but ODTE only launched April 2026 — AUM comparisons will become more meaningful as it builds a track record.
Who should choose each?
Choose ODTE
VegaShares SPX NDX RTY Premium Income ETF
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Want to keep costs low — a 0.76% expense ratio vs 1.17% for QDTY.
Want to maximize current income — QDTY distributes roughly 38.97% from selling options premium, vs 14.92% for ODTE.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Prefer an established track record — ODTE only launched April 2026.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
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On a $10,000 investment, ODTE would generate roughly $124.33/month, while QDTY would produce $324.75/month, at current distribution rates. Both pay weekly distributions.
ODTE yield14.92%
QDTY yield38.97%
Monthly diff on $10K$200.42
Cost & efficiency
Over 10 years on $10,000, ODTE would cost approximately $760 in fees vs $1,170 for QDTY (simplified, not compounded). The $410.00 difference may be offset by yield or performance.
ODTE ER0.76%
QDTY ER1.17%
Strategy & risk
Both ODTE and QDTY wrap S&P 500, Nasdaq-100, Russell 2000 with options-based income overlays (covered call and covered call). The practical differences are yield target, fee structure, and issuer track record — not the underlying mechanic.
ODTE beta—
QDTY beta1.146
Fund details
ODTE is managed by VegaShares (launched 04/03/2026) with $3.08M in assets. QDTY is managed by YieldMax (launched 08/30/2024) with $24.3M in assets.
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Frequently asked questions
Is ODTE or QDTY better for dividend income?
It depends on your goals. QDTY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between ODTE and QDTY?
Both ODTE (VegaShares SPX NDX RTY Premium Income ETF) and QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) track S&P 500, Nasdaq-100, Russell 2000 with options-based income strategies — the labels "covered call" and "covered call" describe closely related mechanics (covered calls are a specific type of options strategy). The real differences show up in yield target (14.92% vs 38.97%), expense ratio (0.76% vs 1.17%), and issuer (VegaShares vs YieldMax).
Can I hold both ODTE and QDTY?
You can, but expect significant overlap. Both funds use options-based income strategies on S&P 500, Nasdaq-100, Russell 2000, so holding them together gives you two wrappers around effectively the same exposure — not true diversification. Weigh issuer, fee, and yield differences rather than treating them as complementary.
Which has lower fees, ODTE or QDTY?
ODTE has an expense ratio of 0.76% while QDTY charges 1.17%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in ODTE vs QDTY generate?
At current rates, $10,000 in ODTE would generate roughly $124.33 per month ($1,492.00 annually). The same in QDTY would produce about $324.75 per month ($3,897.00 annually).
Which has performed better historically, ODTE or QDTY?
ODTE has lagged QDTY over the year to date, posting a 7.07% total return against 9.67%. ODTE has been the steadier holding, though — annualized volatility of 15.2% against 23.3% for QDTY. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
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