Dividend comparison

XYLD vs QDVO: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Global X - S&P 500 Covered Call ETF and Amplify CWP Growth & Income ETF, side by side. Updated October 21, 2026.

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XYLD vs QDVO: key differences
The short answer, from the latest data on this page.
  • Fees. QDVO is cheaper at 0.56% a year versus 0.60% for XYLD. On $10,000 that is $4 a year less in fees.
  • Income. QDVO pays more income, yielding 10.69% over the last twelve months versus 10.44% for XYLD. That is about $25 more a year on $10,000. Both pay monthly.
  • Performance. Over the last 1 year, XYLD returned 5.6% versus 2.1% for QDVO, with dividends reinvested. $10,000 would have grown to $10,556 in XYLD and $10,208 in QDVO.
  • Risk. Their worst declines over the last 1 year were similar: -18.6% for XYLD and -17.7% for QDVO from peak to trough.
  • Diversification. XYLD holds 505 positions and QDVO holds 45. The ten largest positions make up 39.9% of XYLD and 58.0% of QDVO.
  • Overlap. At least 51% of the two portfolios overlap by weight, across 31 shared holdings.
  • Size. XYLD is the larger fund with $3.4 billion in assets, against $763 million for QDVO.

Bottom line: XYLD fits better if you care most about stronger 1-year returns and broader diversification. QDVO fits better if you care most about lower fees.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricXYLD
Global X - S&P 500 Covered Call ETF
QDVO
Amplify CWP Growth & Income ETF
Dividend yield (TTM)10.44%10.69%
Dividend / share (TTM)$4.32$3.15
Payout frequencyMonthlyMonthly
Last dividend$0.2964 on Sep 24, 2026$0.2787 on Sep 30, 2026
Ex-dividend dateOct 19, 2026Sep 29, 2026
Next payment$0.3140 on Oct 22, 2026—
Dividend growth (CAGR)4.8% over 4 yrs—
Price$41.40$29.46
Dividend growth streak1 year—
Beta0.411.02
Max drawdown (5Y)-18.6%-17.7%
Market cap$3.41B$767.2M
ExchangeAMEXAMEX
Expense ratio0.60%0.56%
Assets under management$3.38B$763.0M
Number of holdings50545
Top 10 concentration39.9%58.0%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

XYLD

$87.02/mo

$1044 /yr at 10.44% yield

QDVO

$89.08/mo

$1069 /yr at 10.69% yield

Dividend history
Total dividends paid per share in each calendar year. XYLD pays monthly; QDVO pays monthly.
YearXYLDQDVO
2025$5.4603$2.8784
2024$3.9372—
2023$4.2377—
2022$5.3660—
2021$4.5310—
Strategy: Options income
These funds own equities and sell call options against them, converting a share of future price appreciation into cash paid out now. How much upside is surrendered depends on the design: writing at the money on the whole portfolio pays the most and keeps the least, while writing on a partial slice or using purchased offsets keeps more of a rally. Distributions come mainly from option premium rather than from company dividends, so the headline yield is not comparable to a dividend fund's.

Payouts are variable rather than contractual, are often taxed as ordinary income, and a fund that pays out more than the strategy earns will see its net asset value drift down over time.

What XYLD vs QDVO actually do

XYLD
The S&P 500 version of the Global X buy-write approach, owning the index and selling at-the-money monthly index calls.

It tracks the Cboe S&P 500 BuyWrite Index, holding S&P 500 stocks and writing one-month calls at roughly the current index level. The mechanics match its Nasdaq sibling, but S&P 500 implied volatility is lower, so the premium collected and the resulting distribution are smaller. The same distribution guideline applies, capped at the lower of half the premiums received or 1% of net asset value.

Suits someone who wants the buy-write structure applied to a broader, less concentrated index than the Nasdaq-100. Not appropriate for an account that still needs capital growth, since full at-the-money overwriting caps the market return that funds it.

High current income, capped upside

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Aug 22, 2024 would now be worth $11,792 in XYLD and $13,520 in QDVO.
PeriodXYLDQDVO
1 month-0.05%-1.41%
3 months0.61%-0.07%
Year to date1.90%1.52%
1 year5.56%2.08%
3 years36.95%—
5 years30.19%—
  • XYLD
  • QDVO
92118144202420252026118135

Both series indexed to 100 on 2024-08-22 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • XYLD
  • QDVO
0%12%25%37%49%Technology40.5%49.2%Communication Services9.9%13.5%Financial Services11.2%7.9%Consumer Cyclical8.8%10.3%Healthcare9.3%8.0%Consumer Defensive4.3%7.0%Industrials7.5%3.4%Energy3.4%0.3%Basic Materials1.6%1.4%Utilities1.9%0.5%Other1.7%
XYLD vs QDVO holdings overlap
At least 51% overlap by weight, with 31 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsXYLD weightQDVO weight
NVDANVIDIA CORP8.32%10.25%
AAPLAPPLE INC7.57%9.59%
MSFTMICROSOFT CORP6.10%6.61%
AMZNAMAZON.COM INC3.88%5.24%
GOOGLALPHABET INC-CL A3.14%8.39%
AVGOBROADCOM INC2.57%3.26%
METAMETA PLATFORMS INC2.49%3.95%
MUMICRON TECHNOLOGY INC1.70%3.71%
TSLATESLA INC1.62%3.05%
AMDADVANCED MICRO DEVICES1.48%3.29%
Top 10 holdings
Largest positions by portfolio weight.

XYLD505 holdings total

NameWeight
NVDANVIDIA CORP8.32%
AAPLAPPLE INC7.57%
MSFTMICROSOFT CORP6.10%
AMZNAMAZON.COM INC3.88%
GOOGLALPHABET INC-CL A3.14%
AVGOBROADCOM INC2.57%
GOOGALPHABET INC-CL C2.51%
METAMETA PLATFORMS INC2.49%
MUMICRON TECHNOLOGY INC1.70%
TSLATESLA INC1.62%

QDVO45 holdings total

NameWeight
NVDANVIDIA Corp10.25%
AAPLApple Inc9.59%
GOOGLAlphabet Inc8.39%
MSFTMicrosoft Corp6.61%
AMZNAmazon.com Inc5.24%
METAMeta Platforms Inc3.95%
LLYEli Lilly & Co3.73%
MUMicron Technology Inc3.71%
AMDAdvanced Micro Devices Inc3.29%
AVGOBroadcom Inc3.26%

Quick verdict

XYLD fits better if you care most about stronger 1-year returns and broader diversification. QDVO fits better if you care most about lower fees. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is XYLD or QDVO better for dividend income?
It depends on your goals. XYLD currently yields 10.44% Trailing Twelve Months (TTM) while QDVO yields 10.69%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between XYLD and QDVO?
Global X - S&P 500 Covered Call ETF (XYLD) is an ETF listed on AMEX. Amplify CWP Growth & Income ETF (QDVO) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, XYLD or QDVO?
QDVO has the lower expense ratio. XYLD charges 0.60% a year and QDVO charges 0.56%, a difference of $4 a year on a $10,000 investment.
Which has performed better, XYLD or QDVO?
Over the last 1 year, XYLD has the higher total return with dividends reinvested: XYLD returned 5.6% and QDVO returned 2.1%. Past performance does not predict future returns.
Which is riskier, XYLD or QDVO?
Measured by the worst peak-to-trough decline over the last five years, XYLD has been riskier: XYLD fell as much as 18.6% and QDVO as much as 17.7%. Their betas are 0.41 and 1.02.
How much do XYLD and QDVO overlap?
At least 51% of the two portfolios overlap by weight, across 31 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do XYLD and QDVO pay dividends?
Both pay monthly. The most recent payments were $0.2964 for XYLD and $0.2787 for QDVO.
How much income does $10,000 in XYLD vs QDVO generate?
At current TTM yields, $10,000 in XYLD would generate roughly $87.02 per month ($1044 annually). The same amount in QDVO would produce about $89.08 per month ($1069 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both XYLD and QDVO?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare XYLD vs QDVO with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how XYLD and QDVO fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.