DV
Dividend Vision

Research

ETF Income Research

Three questions this section answers: how well-supported is a fund's distribution, which payouts changed this week, and where a share split has quietly rewritten a fund's payout history. Every safety report covers Distribution Safety Scoreโ„ข history, the payout record, cut risk, return-of-capital context, and higher-scoring alternatives โ€” with sources and limits disclosed.

34 funds analyzed 0โ€“100 safety scale Weekly score history

Payout changes

Updated weekly

ETF Distribution Cut Tracker

Every ETF whose latest payment came in at least 5% above or below the one before it, split-adjusted, with four historical comparisons and Distribution Safety Scoreโ„ข context.

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Data integrity

Verified against our own EOD data

ETF Reverse Split Tracker

Every reverse and forward split we can verify, with the pre-split payout restated onto the new share count โ€” and scheduled-but-unconfirmed splits kept separate from completed ones.

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Safety research

JEPQ new history
82/100

JPMorgan Nasdaq Equity Premium Income ETF

11.91% distribution rate 54 payments since 2022

Safe

Largest score deduction: covered price decline

View safety report
QQQI new history
84/100

NEOS Nasdaq-100 High Income ETF

15.38% distribution rate 33 payments since 2024

Safe

Largest score deduction: covered price decline

View safety report
GPIQ new history
84/100

Goldman Sachs Nasdaq-100 Premium Income ETF

11.04% distribution rate 36 payments since 2023

Safe

Largest score deduction: covered price decline

View safety report
SPYI new history
90/100

NEOS S&P 500 High Income ETF

11.90% distribution rate 50 payments since 2022

Safe

Largest score deduction: covered price decline

View safety report
JEPI new history
76/100

JPMorgan Equity Premium Income ETF

7.38% distribution rate 77 payments since 2020

Generally safe

Largest score deduction: past dividend cut

View safety report
TDAQ new history
74/100

TappAlpha Innovation 100 Growth & Daily Income ETF

19.21% distribution rate 13 payments since 2025

Generally safe

Largest score deduction: covered price decline

View safety report
GPIX new history
84/100

Goldman Sachs S&P 500 Premium Income ETF

8.74% distribution rate 36 payments since 2023

Safe

Largest score deduction: manufactured income

View safety report
IWMI new history
84/100

NEOS Russell 2000 High Income ETF

14.31% distribution rate 29 payments since 2024

Safe

Largest score deduction: covered price decline

View safety report
TSPY new history
84/100

TappAlpha S&P 500 Growth & Daily Income ETF

14.85% distribution rate 26 payments since 2024

Safe

Largest score deduction: covered price decline

View safety report
IYRI new history
79/100

NEOS Real Estate High Income ETF

10.48% distribution rate 22 payments since 2025

Generally safe

Largest score deduction: covered price decline

View safety report
BTCI new history
15/100

NEOS Bitcoin High Income ETF

27.68% distribution rate 25 payments since 2024

High risk

Largest score deduction: very high yield

View safety report
MLPI new history
77/100

NEOS MLP & Energy Infrastructure High Income ETF

14.67% distribution rate 11 payments since 2025

Generally safe

Largest score deduction: short track record

View safety report
IAUI new history
75/100

NEOS Gold High Income ETF

12.42% distribution rate 17 payments since 2025

Generally safe

Largest score deduction: falling payout

View safety report
GIAX new history
43/100

Nicholas Global Equity and Income ETF

26.89% distribution rate 64 payments since 2024

Caution

Largest score deduction: falling payout

View safety report
MSTY new history
15/100

YieldMax MSTR Option Income Strategy ETF

64.14% distribution rate 74 payments since 2024

High risk

Largest score deduction: past dividend cut

View safety report
NVDY new history
15/100

YieldMax NVDA Option Income Strategy ETF

34.04% distribution rate 85 payments since 2023

High risk

Largest score deduction: falling payout

View safety report
CONY new history
15/100

YieldMax COIN Option Income Strategy ETF

61.15% distribution rate 80 payments since 2023

High risk

Largest score deduction: past dividend cut

View safety report
TSLY new history
15/100

YieldMax TSLA Option Income Strategy ETF

56.41% distribution rate 90 payments since 2023

High risk

Largest score deduction: past dividend cut

View safety report
PLTY new history
17/100

YieldMax PLTR Option Income Strategy ETF

39.34% distribution rate 69 payments since 2024

High risk

Largest score deduction: very high yield

View safety report
AMZY new history
15/100

YieldMax AMZN Option Income Strategy ETF

32.00% distribution rate 82 payments since 2023

High risk

Largest score deduction: falling payout

View safety report
ULTY new history
15/100

YieldMax Ultra Option Income Strategy ETF

62.42% distribution rate 100 payments since 2024

High risk

Largest score deduction: past dividend cut

View safety report
YMAX new history
24/100

YieldMax Universe Fund of Option Income ETF

41.35% distribution rate 119 payments since 2024

Elevated risk

Largest score deduction: falling payout

View safety report
YMAG new history
16/100

YieldMax Magnificent 7 Fund of Option Income ETF

32.75% distribution rate 119 payments since 2024

High risk

Largest score deduction: covered price decline

View safety report
LFGY new history
15/100

YieldMax Crypto Industry & Tech Portfolio Option Income ETF

40.65% distribution rate 94 payments since 2025

High risk

Largest score deduction: very high yield

View safety report
CHPY new history
38/100

YieldMax Semiconductor Portfolio Option Income ETF

44.82% distribution rate 82 payments since 2025

Elevated risk

Largest score deduction: very high yield

View safety report
XDTE new history
52/100

Roundhill S&P 500 0DTE Covered Call Strategy ETF

15.60% distribution rate 137 payments since 2024

Caution

Largest score deduction: falling payout

View safety report
QDTE new history
19/100

Roundhill Nasdaq-100ยฎ 0DTE Covered Call Strategy ETF

31.88% distribution rate 137 payments since 2024

High risk

Largest score deduction: covered price decline

View safety report
TOPW new history
15/100

Roundhill Top WeeklyPay ETF

32.89% distribution rate 60 payments since 2025

High risk

Largest score deduction: falling payout

View safety report
TSYY new history
19/100

GraniteShares YieldBOOST TSLA ETF

45.00% distribution rate 80 payments since 2024

High risk

Largest score deduction: very high yield

View safety report
DIVO new history
93/100

Amplify CWP Enhanced Dividend Income ETF

4.93% distribution rate 106 payments since 2017

Safe

Largest score deduction: past dividend cut

View safety report
QYLD new history
75/100

Global X Nasdaq 100 Covered Call ETF

12.62% distribution rate 154 payments since 2014

Generally safe

Largest score deduction: past dividend cut

View safety report
XYLD new history
76/100

Global X S&P 500 Covered Call ETF

9.26% distribution rate 160 payments since 2013

Generally safe

Largest score deduction: past dividend cut

View safety report
RYLD new history
61/100

Global X Russell 2000 Covered Call ETF

11.83% distribution rate 90 payments since 2019

Generally safe

Largest score deduction: past dividend cut

View safety report
SPYT new history
61/100

Defiance S&P 500 Income Target ETF

21.31% distribution rate 32 payments since 2024

Generally safe

Largest score deduction: very high yield

View safety report

What every page covers

Each analysis follows the same contract, in the same order, so funds can be compared honestly:

The scoring rules are public: read the Distribution Safety Score methodology. Scores describe current data and are not predictions or investment advice.

Want this analysis for your whole portfolio?

Upload your holdings to see a combined Distribution Safety Score, projected income, and overlap across everything you own.

Learn the method

The metrics and risks behind this list, explained in the Academy.

From the blog