PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) Alternatives

ETF · Currency in USD · Last updated Aug 1, 2026

QDTY is an actively managed ETF that seeks current income by generating income primarily through writing out-of-the-money, zero days to expiration call options on the Index or Index ETFs, while also aiming for capital appreciation.

YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) belongs to the Nasdaq-100 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QDTY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to QDTY

QDTY charges 1.01% annually. There are 52 ETFs in the Nasdaq-100 category with lower expense ratios, going as low as 0.10%.

SymbolNameExpense RatioAUMInception
IQQ
iShares Nasdaq 100 ETF0.10%302.44MJul 2026QDTY vs IQQ
QNDX
SPDR Portfolio Nasdaq 100 ETF0.10%150.50MJun 2026QDTY vs QNDX
QQQM
Invesco NASDAQ 100 ETF0.15%97.11BOct 2020QDTY vs QQQM
QQQ
Invesco QQQ ETF0.18%452.80BMar 1999QDTY vs QQQ
QTOP
iShares Nasdaq Top 30 Stocks ETF0.20%276.66MOct 2024QDTY vs QTOP

Best Risk-Adjusted Alternatives to QDTY

QDTY has a PortfoliosLab risk / return rank of 46. There are 30 ETFs in the Nasdaq-100 category with higher risk-adjusted ranks, going as high as 97.

SymbolNameRisk / Return RankAUMInception
NAPR
Innovator Nasdaq-100 Power Buffer ETF - April
97
207.95MMar 2020QDTY vs NAPR
PQAP
PGIM Nasdaq-100 Buffer 12 ETF - April
96
26.30MDec 2024QDTY vs PQAP
QB
ProShares Nasdaq-100 Dynamic Daily Buffer ETF
96
2.87MJun 2025QDTY vs QB
QMAR
FT Cboe Vest Nasdaq-100 Buffer ETF - March
95
566.25MMar 2021QDTY vs QMAR
FTQI
First Trust Nasdaq BuyWrite Income ETF
88
907.91MJan 2014QDTY vs FTQI

Top Performing QDTY Alternatives (YTD)

QDTY is at 9.56% YTD. There are 22 ETFs in the Nasdaq-100 category with higher YTD returns, going as high as 42.60%.

SymbolNameYTD ReturnAUMInception
QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF
42.60%
69.09MMay 2021QDTY vs QQQA
QTEC
First Trust NASDAQ-100 Technology Sector Index Fun...
29.69%
4.57BApr 2006QDTY vs QTEC
QQQG
Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders E...
24.01%
20.86MAug 2024QDTY vs QQQG
BALQ
iShares Nasdaq Premium Income Active ETF
16.24%
16.09MDec 2025QDTY vs BALQ
QQQE
Direxion NASDAQ-100 Equal Weighted Index Shares
14.79%
1.33BMar 2012QDTY vs QQQE

Lowest Volatility Alternatives to QDTY

QDTY has 18.49% 1-year volatility. There are 40 ETFs in the Nasdaq-100 category with lower 1-year volatility, going as low as 4.20%.

SymbolNameVolatility 1YAUMInception
QCAP
FT Vest NASDAQ-100 Conservative Buffer ETF - April4.20%—Apr 2024QDTY vs QCAP
NAPR
Innovator Nasdaq-100 Power Buffer ETF - April4.73%207.95MMar 2020QDTY vs NAPR
PQAP
PGIM Nasdaq-100 Buffer 12 ETF - April5.46%26.30MDec 2024QDTY vs PQAP
QCJL
FT Vest Nasdaq-100 Conservative Buffer ETF - July5.94%—Jul 2024QDTY vs QCJL
QBUF
Innovator Nasdaq-100 10 Buffer ETF - Quarterly6.12%162.74MJun 2024QDTY vs QBUF

Lowest Drawdown Alternatives to QDTY

QDTY has a 1-year max drawdown of -11.10%. There are 33 ETFs in the Nasdaq-100 category with shallower 1-year drawdowns, going as shallow as -2.06%.

SymbolNameMax Drawdown 1YAUMInception
NAPR
Innovator Nasdaq-100 Power Buffer ETF - April
-2.06%
207.95MMar 2020QDTY vs NAPR
PQAP
PGIM Nasdaq-100 Buffer 12 ETF - April
-2.52%
26.30MDec 2024QDTY vs PQAP
QCAP
FT Vest NASDAQ-100 Conservative Buffer ETF - April
-2.58%
—Apr 2024QDTY vs QCAP
QMAR
FT Cboe Vest Nasdaq-100 Buffer ETF - March
-3.21%
566.25MMar 2021QDTY vs QMAR
QB
ProShares Nasdaq-100 Dynamic Daily Buffer ETF
-3.47%
2.87MJun 2025QDTY vs QB

Other ETFs from YieldMax

The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, YMAX and span 6 categories. AUM among these funds goes as high as $1B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
MSTY
YieldMax™ MSTR Option Income Strategy ETFDerivative Income
1
-33.29%
756.67MFeb 2024QDTY vs MSTY
ULTY
YieldMax Ultra Option Income Strategy ETFDerivative Income
5
2.90%
741.03MFeb 2024QDTY vs ULTY
YMAX
YieldMax Universe Fund of Option Income ETFsDerivative Income, Options Trading
7
-1.07%
385.67MJan 2024QDTY vs YMAX
NVDY
YieldMax NVDA Option Income Strategy ETFDerivative Income, Options Trading
27
7.94%
1.36BMay 2023QDTY vs NVDY
CHPY
YieldMax Semiconductor Portfolio Option Income ETFDerivative Income, Semiconductors
89
55.50%
1.02BApr 2025QDTY vs CHPY
TSLY
YieldMax TSLA Option Income Strategy ETFOptions Trading
15
-24.18%
642.02MNov 2022QDTY vs TSLY
YMAG
YieldMax Magnificent 7 Fund of Option Income ETFsDerivative Income
26
-0.53%
285.67MJan 2024QDTY vs YMAG
PLTY
YieldMax PLTR Option Income Strategy ETFDerivative Income
6
-23.00%
313.71MOct 2024QDTY vs PLTY
CONY
YieldMax COIN Option Income Strategy ETFDerivative Income
1
-31.56%
326.07MAug 2023QDTY vs CONY
GDXY
YieldMax Gold Miners Option Income Strategy ETFGold, Derivative Income, Options Trading, Actively Managed, Precious Metals
19
-18.85%
207.65MMay 2024QDTY vs GDXY

Often Compared With QDTY

Investors most often compare QDTY with QDTE, QQQI, RDTY. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
QDTE
Roundhill Innovation-100 0DTE Covered Call Strateg...Derivative Income, Options Trading
56
10.53%
922.14MMar 2024QDTY vs QDTE
QQQI
NEOS Nasdaq-100 High Income ETFNasdaq-100, Derivative Income
43
6.90%
13.40BJan 2024QDTY vs QQQI
RDTY
YieldMax™ R2000 0DTE Covered Call Strategy ETFDerivative Income
67
19.53%
30.88MMar 2025QDTY vs RDTY
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
16
1.29%
1.82BJan 2025QDTY vs HHIS.TO
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETFNasdaq-100, Options Trading, Dividend
46
12.11%
180.69MSep 2023QDTY vs QQQY
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETFNasdaq-100, Derivative Income
56
14.15%
353.68MOct 2023QDTY vs QQCL.TO
SPY
State Street SPDR S&P 500 ETFS&P 500
67
10.13%
789.06BJan 1993QDTY vs SPY
SPYI
NEOS S&P 500 High Income ETFDerivative Income, S&P 500
72
7.96%
11.05BAug 2022QDTY vs SPYI
QQQY.DE
IncomeShares Nasdaq 100 Options(0DTE)ETP EURNasdaq-100, Derivative Income
24
7.88%
—Aug 2024QDTY vs QQQY.DE
SDTY
YieldMax S&P 500 0DTE Covered Call Strategy ETFDerivative Income, S&P 500
65
9.06%
45.92MFeb 2025QDTY vs SDTY
JEPQ
JPMorgan Nasdaq Equity Premium Income ETFNasdaq-100, Derivative Income
55
6.05%
39.88BMay 2022QDTY vs JEPQ
JEPI
JPMorgan Equity Premium Income ETFDividend, Derivative Income
48
4.52%
45.80BMay 2020QDTY vs JEPI
GOOY
YieldMax GOOGL Option Income Strategy ETFDerivative Income
89
11.24%
240.27MJul 2023QDTY vs GOOY
GPIQ
Goldman Sachs Nasdaq-100 Core Premium Income ETFNasdaq-100, Dividend
60
11.67%
5.08BOct 2023QDTY vs GPIQ
QDVO
Amplify CWP Growth & Income ETFDerivative Income
43
6.27%
723.80MAug 2024QDTY vs QDVO
VOO
Vanguard S&P 500 ETFS&P 500
68
10.16%
1.70TSep 2010QDTY vs VOO
QLD
ProShares Ultra QQQLeveraged Equities
39
18.94%
12.76BJun 2006QDTY vs QLD
USOY
Defiance Oil Enhanced Options Income ETFDerivative Income, Options Trading, Actively Managed
44
51.25%
64.41MMay 2024QDTY vs USOY
MAGY
Roundhill Magnificent Seven Covered Call ETFDerivative Income
10
-6.83%
119.08MApr 2025QDTY vs MAGY
YBIT
YieldMax Bitcoin Option Income Strategy ETFCryptocurrency, Derivative Income, Options Trading, Actively Managed
1
-26.38%
44.60MApr 2024QDTY vs YBIT

Compare QDTY with Any Fund or Stock

Compare QDTY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair QDTY with funds that move differently

YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QDTY.

Explore QDTY Diversifiers