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% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of September 2026.
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