QDTY vs QGRD
YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF vs Horizon Nasdaq-100 Defined Risk ETF
Which is better, QDTY or QGRD?
Nearly the same fund. QGRD costs less.
QGRD has a lower expense ratio. QDTY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QDTY | QGRD |
|---|---|---|
| Expense Ratio | 1.17% | 0.85%Best |
| AUM | $29M | $173M |
| Dividend Yield | 37.24% | 1.39% |
| Holdings | 10 | 10 |
| YTD Return | +12.73%Best | +11.35% |
| 1Y Return | +18.67%Best | +12.66% |
| Volatility (annualized) | 17.2% | 15.2%Best |
| Max Drawdown | -11.1% | -9.4%Best |
| $10,000 over 1.3 years | $12,859Best | $12,098 |
| Fund Family | YieldMax ETF | Horizon Funds |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Feb 12, 2025 | Jul 9, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 10, 2025 to Oct 14, 2026 (1.3 years).
QDTY vs QGRD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
QDTY vs QGRD Performance
YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) is an ETF from YieldMax ETF and Horizon Nasdaq-100 Defined Risk ETF (QGRD) is an ETF from Horizon Funds. Over the past year QDTY returned +18.67% while QGRD returned +12.66%. Year to date, QDTY is up 12.73% versus a gain of 11.35% for QGRD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QDTY has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 15.2% for QGRD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -11.1% for QDTY and -9.4% for QGRD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QDTY charges 1.17% per year while QGRD charges 0.85%. On a $10,000 position that is $117 vs $85 annually, a gap of $32 per year that compounds over a long holding period. On income, QDTY currently yields 37.24% against 1.39% for QGRD.
Holdings Overlap
We hold position weights for 1 holding in QDTY and 1 in QGRD, totalling 3.0% and 4.6% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 1 positions we hold weights for in QDTY and 1 in QGRD, against full books of 10 and 10.
Top Shared Holdings
| Stock | Weight in QDTY | Weight in QGRD | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 3.02% | 4.58% | 1.56% |
You are not choosing between two funds in isolation.
Whichever of QDTY and QGRD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QDTY or QGRD?
QDTY has an expense ratio of 1.17% while QGRD charges 0.85%. QGRD is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, QDTY or QGRD?
Over the past year QDTY returned +18.67% vs +12.66% for QGRD, so QDTY leads on 1-year performance. Over the longest common window we track (1 years), QDTY annualized +21.34% vs +15.78% for QGRD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QDTY or QGRD?
QDTY has been the more volatile fund at 17.2% annualized versus 15.2% for QGRD. Worst drawdown: QDTY -11.1% vs QGRD -9.4%.
Should I hold both QDTY and QGRD?
QDTY and QGRD have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, QDTY or QGRD?
QDTY yields 37.24% while QGRD yields 1.39%, so QDTY currently pays the higher dividend yield.
Is QGRD better than QDTY?
QGRD has a lower expense ratio. QDTY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.