Computed head-to-head · 6 dimensions

QYLD vs SPHD

Global X Nasdaq 100 Covered Call ETF versus Invesco S&P 500 High Dividend Low Volatility ETF — yield, safety, growth trend, cost, scale, and tax treatment.

QYLD and SPHD are evenly matched (2–2 across six dimensions) — the right pick comes down to which dimension you weight most.

Scorecard at a glance

Dimension	QYLD	SPHD	Winner
Yield	5.77%	4.31%	QYLD wins
Dividend safety	6.8/10	6.8/10	Tie
Growth trend	—	—	Tie
Expense ratio	60.00%	30.00%	SPHD wins
Scale	$8.4B	$3.3B	QYLD wins
Tax efficiency	Ordinary income	Qualified-eligible	SPHD wins
Overall	2 wins	2 wins	Tie

Dimension by dimension

QYLD wins on yield (5.77% vs 4.31%)

On a $10,000 investment that's about $146 more in annual dividend income before taxes — though higher yield often comes with higher risk.

QYLD's higher yield (5.77%) looks attractive but investors should weigh whether the extra income compensates for any additional risk versus SPHD's 4.31% — especially if the higher yield is driven by covered calls or a falling share price.

QYLD: 5.77%SPHD: 4.31%

Safety scores are too close to call (6.8/10 vs 6.8/10)

Both score within 0.3 points on our 0-10 dividend safety scale — comparable risk profiles on the signals we measure.

QYLD: 6.8/10SPHD: 6.8/10

Yield-trend comparison unavailable

One or both tickers are missing 5-year average yield data.

QYLD: —SPHD: —

SPHD is cheaper (30.00% vs 60.00%)

On a $10,000 position the lower expense ratio saves about $3000/year — small annually but compounds significantly over 20+ years.

On $10,000 invested, SPHD's lower expense ratio saves roughly $30/year in fees versus QYLD. Over 20 years that compounds to a meaningful drag — expense ratios are one of the few costs investors fully control.

QYLD: 60.00%SPHD: 30.00%

QYLD is 2.6× larger by AUM

Larger funds tend to have tighter spreads, deeper liquidity, and lower closure risk.

QYLD: $8.4BSPHD: $3.3B

SPHD is more tax-efficient in a taxable account

QYLD's distributions are typically taxed as ordinary income (covered call ETF, REIT, or mREIT) — versus qualified dividends from SPHD which get the lower long-term capital gains rate.

QYLD uses a covered-call or options strategy that typically generates ordinary income taxed at your full marginal rate. SPHD's dividends may qualify for the 0–20% qualified dividend rate. In a taxable account, SPHD keeps more of your income after taxes.

QYLD: Ordinary incomeSPHD: Qualified-eligible

How we compare these

Every comparison on this page is computed from current public data, not written by hand. Yield comes from the most recent dividend distribution annualized over current price. Safety scores combine yield zone, payout ratio, trend vs 5-year average, instrument type, and size — see our methodology for the exact formula. Tax-efficiency flags identify covered-call ETFs, REITs, and mREITs which distribute primarily as ordinary income.

This is educational, not investment advice.Scores reflect a snapshot of public data on the "as of" dates shown on each ticker's safety page. Verify on the issuer's investor relations page or your brokerage before making decisions.

Frequently asked

Which is better for income, QYLD or SPHD?

QYLD and SPHD are evenly matched (2–2 across six dimensions) — the right pick comes down to which dimension you weight most.

QYLD vs SPHD: which has a higher dividend yield?

QYLD yields 5.77% and SPHD yields 4.31%. On a $10,000 investment that's about $146 more in annual dividend income before taxes — though higher yield often comes with higher risk.

Is QYLD or SPHD a safer dividend in 2026?

QYLD scores 6.8/10 (Solid) on the Infnits dividend safety scale. SPHD scores 6.8/10 (Solid). Both have comparable safety scores.

Which has better dividend growth, QYLD or SPHD?