QLDYDefiance NASDAQ 100 Lightningspread Income ETF
By Defiance ETFs LLC · Launched 2025
1.04%
#5,051 of 5,562 · expensive
$39M
#3,802 of 5,562 · small
—
9 months
#4,761 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 4 holdings = 100.6% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Strategy
- Effective immediately, the following sentence has been added to the third paragraph of the section of the Prospectus and Summary Prospectus titled Principal Investment Strategies Lightning Spread Strategy": The Fund may also execute put spreads over two days, with a portion of the position sold the day prior to expiration and the remainder sold on the expiration date.
- Inception date
- September 17, 2025
- Fund family
- Defiance ETFs LLC
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19