Curated comparison
Compare full buy-write exposure across Nasdaq-100, S&P 500, and Russell 2000 portfolios.
Dataset 97e56f011b2e · imported Sep 7, 2026 · issuer evidence checked 2026-09-08
| Fund | Yield | AUM | Expense | Cumulative return | Payout | Status |
|---|---|---|---|---|---|---|
| QYLDNasdaq full buy-write | 13.40% | $8.3B | 0.60% | +193.0% | Monthly | Source-reported |
| XYLDS&P 500 full buy-write | 11.00% | $3.4B | 0.60% | +103.0% | Monthly | Source-reported |
| RYLDSmall-cap full buy-write | 12.20% | $1.4B | 0.60% | +55.0% | Monthly | Source-reported |
Yield, AUM, and cumulative return are source-reported and may use different as-of dates. Fees, inception, strategy, and payout cadence are checked against official issuer material. A distribution rate is not a total-return forecast.
Decision framework
The underlying index drives much of the risk: QYLD is growth-heavy, XYLD broad large-cap, and RYLD small-cap. All systematically trade upside for option income.
QYLD owns Nasdaq-100 exposure and systematically writes index calls. Its distribution rate is not a return forecast; total return can trail badly when technology stocks rise quickly.
Key risk: Full covered-call exposure limits upside, and distributions may include return of capital while the share price erodes.
XYLD applies the classic buy-write structure to the S&P 500. Its broader underlying index reduces the growth concentration of QYLD, but the central tradeoff—income today for less upside—remains.
Key risk: The strategy can lag a plain S&P 500 fund during sustained rallies and may distribute return of capital.
RYLD adds a covered-call overlay to smaller U.S. companies, which tend to be more volatile than large caps. Higher option premiums do not eliminate the underlying companies’ balance-sheet and economic sensitivity.
Key risk: Small-cap drawdowns, limited upside, distribution variability, and return of capital can all pressure long-run wealth.
Method and limitation
The conclusion compares visible portfolio roles, costs, payout cadence, source-reported metrics, and stated strategy risks. It is educational, does not rank funds for every investor, and does not account for your taxes, time horizon, or portfolio.