ETF Comparison

ODTE vs QDTY: Which Is the Better Pick in 2026?

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.

Data updated September 18, 2026

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings.

ODTE has lagged QDTY over the shared window since Apr 2026, posting a 5.80% total return against 20.52%. ODTE has been the steadier holding, though — annualized volatility of 13.8% against 20.9% for QDTY. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Symbol	Since Apr 2026	Volatility	Sharpe	Sortino	Max drawdown
ODTE	5.80%	13.8%	0.57	0.79	-7.2%
QDTY	20.52%	20.9%	1.74	2.64	-9.1%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 18, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Apr 2026” measures every fund from April 6, 2026 — the start of shared available history — 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.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
Metric	ODTE	QDTY
Full name	VegaShares SPX NDX RTY Premium Income ETF	YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF
Issuer	VegaShares	YieldMax
Last Close	$25.00 as of September 18, 2026	$38.84 as of September 18, 2026
Distribution rate	14.14%	25.92%
Distribution Safety Score™	50	79
Safety-Adjusted Yield	—	20.48%
Expense ratio	0.76%	1.17%
AUM	$2.75M	$27.2M
Distribution frequency	Weekly	Weekly
Underlying index	S&P 500, Nasdaq-100, Russell 2000	Nasdaq-100
Objective	Seeks weekly income by investing at least 80% of net assets in the constituents of the S&P 500, Nasdaq-100 and Russell 2000 indices, or instruments linked to them, alongside an options premium strategy.	Seeks weekly income through a synthetic covered call strategy that provides exposure to the price return of the Nasdaq-100 Index while selling call options on the index or on ETFs that track it.
Asset class	Equity	Equity
Inception date	04/03/2026	02/12/2025
Beta	—	1.146
Last dividend	$0.068 payable today	$0.1936
Ex-dividend date	09/17/2026	09/16/2026

Bottom lineWe won't call this one: ODTE launched April 2026, so there is not yet a track record to compare. Compare the strategy, cost and holdings in the sections above and treat any performance figures for the newer ETF as provisional. What is already clear from the numbers above: the two do not cost the same — ODTE charges 0.76% against 1.17% for QDTY, and on funds tracking the same thing that gap compounds every year you hold.

How the risk works

Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.

Capped upside and premium dependence. ODTE and QDTY generate income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.

Learn the mechanics: Return of capital, explained · NAV erosion, explained

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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

VegaShares

ETFs5

Total AUM$60.9M

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

VegaShares specializes in options-based and thematic ETFs designed to generate income and capitalize on emerging trends. The issuer's lineup spans income-focused strategies, including covered call funds, alongside thematic offerings that target specific market segments and innovation themes. VegaShares serves investors seeking alternative approaches to traditional equity exposure, with a concentrated portfolio of strategically named funds addressing both income generation and sector-specific growth opportunities.

See our curated list of related YouTube videos on ODTE.

See all VegaShares ETFs

YieldMax

ETFs61

Total AUM$9.59B

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.

See all YieldMax ETFs

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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 25.92% vs 14.14% 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 have different reference exposures: ODTE is linked to S&P 500, Nasdaq-100, Russell 2000 while QDTY is linked to Nasdaq-100, which means their performance drivers differ.

QDTY has $27.2M in assets vs $2.75M for ODTE, but ODTE only launched April 2026 — AUM comparisons will become more meaningful as it builds a track record.

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Deep dive

Yield & income

On a $10,000 investment, ODTE would generate roughly $117.83/month, while QDTY would produce $216.00/month, at current distribution rates. Both pay weekly distributions.

ODTE yield14.14%

QDTY yield25.92%

Monthly diff on $10K$98.17

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 $2.75M in assets. QDTY is managed by YieldMax (launched 02/12/2025) with $27.2M in assets.

ODTE AUM$2.75M

QDTY AUM$27.2M

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Frequently asked questions

What is the current distribution rate for ODTE and QDTY?

ODTE currently distributes 14.14% and QDTY 25.92%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.

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 (14.14% vs 25.92%), 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.

Is ODTE or QDTY safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — QDTY scores 79, ODTE scores 50, so QDTY's payout currently looks the more resilient of the two. No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.

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 $117.83 per month ($1,414.00 annually). The same in QDTY would produce about $216.00 per month ($2,592.00 annually).

Which has performed better historically, ODTE or QDTY?

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ODTE vs QDTY — at a glance

Generated September 19, 2026.

Overview

Both ODTE and QDTY are weekly-income ETFs that layer short-dated options strategies atop equity indices. ODTE covers three indices (S&P 500, Nasdaq-100, and Russell 2000) with a multi-index options premium approach, while QDTY focuses solely on the Nasdaq-100 through a synthetic covered-call overlay. The key distinction is concentration: QDTY isolates tech-heavy Nasdaq-100 exposure and targets a much higher distribution rate, while ODTE spreads its bet across large-cap, mid-cap, and small-cap U.S. equities.

How they differ

QDTY's distribution rate of 25.92% is substantially higher than ODTE's 14.14%, reflecting both a narrower, more volatile underlying (Nasdaq-100 vs. a three-index blend) and a more aggressive options-selling stance. QDTY's $27.2M is 11× larger than ODTE's $2.75M, indicating more established market traction, but ODTE's 0.76% expense ratio is 41 basis points cheaper than QDTY's 1.17%. Both use 0DTE (zero days-to-expiration) weekly options, but QDTY's single-index focus creates concentrated sector exposure to technology, while ODTE diversifies across value (Russell 2000), growth (Nasdaq-100), and broad large-cap (S&P 500) universes.

Who each is best for

ODTE: Fits investors seeking weekly income from a broad multiindex options strategy who want to lower single-sector concentration risk and prefer a cost structure below 0.80%.

QDTY: Fits investors with existing or deliberate Nasdaq-100 exposure who prioritize yield generation above 25% annualized and are prepared for the volatility and NAV dynamics tied to concentrated tech-index leverage. Sustaining that payout over time likely requires erosion of net asset value, particularly in flat or declining equity markets.

0DTE options gamma risk. Both funds roll short-dated calls weekly, which means their option positions reprice sharply with intraday and day-to-day index moves. A sudden market spike—especially in QDTY's tech-concentrated exposure—could force unfavorable rolls or gaps in hedging, potentially capping upside or crystallizing losses at unfavorable prices.

Nasdaq-100 concentration in QDTY. The Nasdaq-100's heavy weighting in mega-cap technology stocks exposes QDTY to sector drawdowns and earnings volatility in a handful of names. ODTE's three-index diversification mitigates this, but QDTY's focused approach amplifies it. QDTY's $27.2M is healthier but still modest relative to major option-strategy ETFs.

Bottom line

QDTY's 25.92% yield is eye-catching but comes with higher fees, concentrated tech exposure, and substantial NAV-erosion risk. ODTE trades lower income for diversification, cheaper costs, and a multiindex approach. If you prioritize yield and can tolerate Nasdaq-100 concentration, QDTY offers material income; if you value broad equity exposure and lower fees, ODTE's three-index structure may align better with your risk tolerance. Both carry 0DTE gamma risk and reliance on consistent option premium. Past performance doesn't predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

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