ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Invesco is a major player in the ETF space known for offering a broad, diversified lineup of 71 funds spanning multiple investment themes and strategies. Their portfolio spans income-focused funds, factor-based equity strategies, commodity exposure, digital assets, ESG investing, and the popular Invesco QQQ family tracking the Nasdaq-100, serving both income-seeking and growth-oriented investors. The issuer is particularly recognized for specialized offerings like BulletShares (laddered bond funds), sector rotation strategies, and thematic investing options, making it a comprehensive choice for investors seeking varied exposures beyond traditional index funds.
See our curated list of related YouTube videos on QQQ.
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 ULTY.
Track the Nasdaq-100 Index, which includes 100 of the largest non-financial Nasdaq stocks.
Covered Call
Asset class
Equity
Equity
Inception date
03/10/1999
02/21/2024
Beta
1.24
1.3581
Last dividend
$0.7941
$0.3380
Ex-dividend date
12/21/2026
07/14/2026
Bottom lineChoose QQQ if you want a growth tilt and can accept bigger swings for higher upside. Choose ULTY if you want to maximize current income — roughly 61.16%, generated by selling options premium. There's no free lunch: ULTY's payout comes from selling options, which caps upside and can erode the share price over time, while QQQ keeps full price exposure.
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Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
QQQ (Invesco QQQ Trust) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both dividend ETFs, but they take different approaches.
ULTY offers the higher yield at 61.16% vs 0.44% for QQQ. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
QQQ is cheaper with an expense ratio of 0.18% compared to 1.14%.
They track different benchmarks: QQQ is linked to Nasdaq-100 Index while ULTY tracks Basket (High Volatility stocks), which means their performance drivers differ.
QQQ is the larger fund by assets ($481B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose QQQ
Invesco QQQ Trust
Want a growth tilt and can accept larger swings for more upside.
Want to keep costs low — a 0.18% expense ratio vs 1.14% for ULTY.
Choose ULTY
YieldMax Ultra Option Income Strategy ETF
Want to maximize current income — ULTY distributes roughly 61.16% from selling options premium, vs 0.44% for QQQ.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, QQQ would generate roughly $3.67/month, while ULTY would produce $509.67/month, at current distribution rates.
QQQ yield0.44%
ULTY yield61.16%
Monthly diff on $10K$506.00
Cost & efficiency
Over 10 years on $10,000, QQQ would cost approximately $180 in fees vs $1,140 for ULTY (simplified, not compounded). The $960.00 difference may be offset by yield or performance.
QQQ ER0.18%
ULTY ER1.14%
Strategy & risk
QQQ tracks Nasdaq-100 Index with a growth approach, while ULTY tracks Basket (High Volatility stocks) with a covered call approach. Beta is 1.24 for QQQ and 1.3581 for ULTY, indicating QQQ is less volatile relative to the market.
QQQ beta1.24
ULTY beta1.3581
Fund details
QQQ is managed by Invesco (launched 03/10/1999) with $481B in assets. ULTY is managed by YieldMax (launched 02/21/2024) with $914M in assets.
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Frequently asked questions
Is QQQ or ULTY better for dividend income?
It depends on your goals. ULTY 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 QQQ and ULTY?
QQQ (Invesco QQQ Trust) tracks Nasdaq-100 Index with a growth approach, while ULTY (YieldMax Ultra Option Income Strategy ETF) tracks Basket (High Volatility stocks) with a covered call approach. They are issued by Invesco and YieldMax respectively.
Can I hold both QQQ and ULTY?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, QQQ or ULTY?
QQQ has an expense ratio of 0.18% while ULTY charges 1.14%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in QQQ vs ULTY generate?
At current rates, $10,000 in QQQ would generate roughly $3.67 per month ($44.00 annually). The same in ULTY would produce about $509.67 per month ($6,116.00 annually).
Explore related screeners
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