Overview
Owns the Nasdaq-100 and sells monthly call options against it — converting the index's upside into an 11%+ monthly income stream.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| NVDA | NVIDIA Corp. | 9.6% |
| MSFT | Microsoft Corp. | 8.0% |
| AAPL | Apple Inc. | 7.8% |
| AVGO | Broadcom Inc. | 5.6% |
| AMZN | Amazon.com Inc. | 5.2% |
| META | Meta Platforms | 3.6% |
| TSLA | Tesla Inc. | 3.2% |
| GOOGL | Alphabet Inc. A | 2.9% |
| NFLX | Netflix Inc. | 2.6% |
| NDX CALL | Short Nasdaq-100 calls | -1.1% |
Fund Details
Investment Thesis
QYLD makes an explicit trade: it sells all of the Nasdaq's upside every month in exchange for option premium, which is why it can pay over 11% — and why it will always lag QQQ in bull markets while still falling in crashes. The +23% trailing year (distributions included) shows the strategy at its best: choppy-to-rising markets with rich option premiums. It is an income machine, not a growth investment, and NAV erosion over full cycles is the documented cost.
Who It's For
Income-first investors — often retirees — who value a large monthly cheque over capital growth and understand the ceiling they're selling. Best in tax-advantaged accounts given the distribution mechanics.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $16.92 | -- |
| 2017 | $18.61 | +10.0% |
| 2018 | $17.12 | -8.0% |
| 2019 | $19.17 | +12.0% |
| 2020 | $18.98 | -1.0% |
| 2021 | $19.55 | +3.0% |
| 2022 | $15.45 | -21.0% |
| 2023 | $16.99 | +10.0% |
| 2024 | $17.67 | +4.0% |
| 2025 | $18.20 | +3.0% |
| Year | Yield |
|---|---|
| 2016 | 9.20% |
| 2017 | 9.50% |
| 2018 | 10.80% |
| 2019 | 10.90% |
| 2020 | 11.40% |
| 2021 | 9.90% |
| 2022 | 13.20% |
| 2023 | 12.00% |
| 2024 | 11.60% |
| 2025 | 11.40% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.2B | -- |
| 2017 | $0.5B | +150.0% |
| 2018 | $0.9B | +80.0% |
| 2019 | $1.4B | +55.6% |
| 2020 | $2.2B | +57.1% |
| 2021 | $4B | +81.8% |
| 2022 | $6.5B | +62.5% |
| 2023 | $7.5B | +15.4% |
| 2024 | $8B | +6.7% |
| 2025 | $8.2B | +2.5% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
Related Dividend ETFs ETFs
Markets. Intelligence. Daily.
Full briefs on 400+ ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →