Income ETF health check
SGI Enhanced Nasdaq 100 ETF
QXQ
Summit Global Investments · Quarterly · $85M
Current price
$32.78
As of 2026-09-29 · USD
Canary status
No significant NAV erosion detected — distributions look sustainable at the current pace.
Updated every Monday and Thursday
YieldCanary Health Metrics
Yield comparison
Advertised Yield
0.98%
Headline Yield (TTM)
14.85%
True Income Yield
14.85%
The real number is typically lower once return of capital is stripped out.
Health metrics
- Death Clock
- 4.48 yrs
- YieldCanary ROC %
- 0.0%
Income and return
- After-Tax Monthly (25%)
- $XX.XXUnlock free →
- Last Distribution
- N/A
- 1Y Price Return
- +6.43%
About True Income Yield
About True Income Yield: This is a YieldCanary proprietary sustainability indicator, not a standard accounting measure of economic gain. It strips return of capital from the headline yield to show only what the fund generated from real investment activity. Return of capital reduces your cost basis and the full economic gain is only realized when you sell your shares. YieldCanary calculates ROC from performance data, not from the 19a-1 notices that fund companies publish monthly. Our estimates can differ from official issuer reports and can differ significantly from your year-end 1099 tax forms. We are actively working on incorporating 19a-1 data to make these figures more precise. For confirmed ROC figures always check the fund's official 19a-1 notice on the issuer's website or your year-end 1099.
True Income Yield and Death Clock are YieldCanary proprietary metrics. Not financial advice. Data updates every Monday and Thursday.
Price and Distribution History
Data last updated: Sep 28, 2026. Updates every Monday and Thursday.
Sustainability analysis
Health Score Breakdown
QXQ is currently Healthy on YieldCanary. ROC is within sustainable range, the NAV has held up over the trailing 12 months, and distributions have been stable. No significant erosion risk is detected at the current pace.
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Frequently Asked Questions — QXQ
Is QXQ a good income ETF?
Based on YieldCanary's health framework, QXQ is currently Healthy. No significant NAV erosion is detected at the current pace and the fund is passing all sustainability checks. The distributions appear to be generated from real investment activity rather than quiet erosion of the fund's value. This is not financial advice — always do your own research and consult a qualified financial professional before making investment decisions.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What does QXQ pay per month?
Based on last month's actual distribution of $0.0000 per share, $10,000 invested in QXQ at the current price of $32.78 generates approximately 305 shares. That's $0.00 gross per month before taxes. Your after-tax income depends on your personal tax rate and account type. Set your rate inside YieldCanary to see your exact after-tax monthly income and connect your portfolio to see what all of your holdings generate together. Distributions change month to month based on options premiums and market conditions. Past distributions are not a guarantee of future payments.
Calculate your after-tax income on QXQ free →YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What is QXQ's True Income Yield?
YieldCanary's True Income Yield for QXQ is currently 14.85%. This is a distribution sustainability indicator — it strips the estimated return of capital portion from the headline TTM yield to show only what the fund generated from real investment activity. It is not an accounting measure of economic gain. Return of capital reduces your cost basis and full economic gain is only realized when you sell. QXQ's current ROC estimate is 0.0%. The full methodology breakdown is available inside YieldCanary. For confirmed ROC figures check the fund's official 19a-1 notice or your year-end 1099.
See the full health breakdown on QXQ free →YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What is QXQ's Death Clock?
QXQ's Death Clock is currently 4.48 years. This estimates the number of years before 50% of the fund's NAV erodes at the current pace, assuming all things stay constant. It is a sustainability warning signal. The pace can improve or worsen as market conditions and distribution behavior change. Check back every Monday and Thursday when the data refreshes.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
Is QXQ's return of capital good or bad?
QXQ's low ROC estimate of 0.0% means most distributions are generated from real investment activity rather than return of principal — one of the cleaner income profiles on the platform. Note: YieldCanary calculates ROC from performance data, not 19a-1 filings.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
How does QXQ compare to similar funds?
On YieldCanary, QXQ is currently Healthy with a 14.85% True Income Yield and a Death Clock of 4.48 years. It pays Quarterly distributions and has a 1-year price return of 6.43%. Similar funds from Summit Global Investments tracked on YieldCanary: Direxion Daily AAPL Bull 2X Shares (AAPU) — currently Healthy; Peerless Option Income Wheel ETF (WEEL) — currently Healthy; USCF Gold Strategy Plus Income Fund (USG) — currently High Risk Full side-by-side comparison including True Income Yield, Death Clock, ROC%, and after-tax income across all similar funds is available inside YieldCanary.
Compare QXQ to similar funds free →YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
How often does QXQ pay distributions?
QXQ is a Quarterly paying ETF. Distributions are paid once per quarter. Less frequent than monthly or weekly payers but more predictable in terms of timing. The most recent distribution was N/A per share. To see exact upcoming ex-dividend and payment dates for QXQ in your portfolio, connect your holdings inside YieldCanary and check the Distribution Calendar.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What is QXQ's AUM and why does it matter?
QXQ currently has $85M in assets under management. QXQ is a smaller fund. While smaller AUM is not automatically a problem, funds with limited assets carry slightly more closure risk if assets decline significantly. Factor this into your position sizing. AUM alone does not determine whether a fund is healthy. Check the Canary Status and Death Clock above for the full sustainability picture.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
Is QXQ available in a Roth IRA?
Yes — QXQ can be held in a Roth IRA like any standard ETF, assuming your brokerage offers it. For income ETFs with high return of capital, a Roth IRA can be a particularly advantageous account type. ROC distributions reduce your cost basis in a taxable account, creating a deferred tax liability that grows over time. In a Roth IRA that tax treatment is irrelevant as all distributions are tax-free regardless of their character. This is not tax advice. Consult a tax professional about your specific situation and account type before making investment decisions.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
About the fund
Strategy & Objective
Summit Global Investments · Quarterly
QXQ operates as an actively managed fund with the dual objective of fostering capital growth and generating consistent income. It achieves this by maintaining a dynamic portfolio primarily composed of Nasdaq-100 constituent stocks and employing a strategic options selling approach. The fund's investments can span various instruments, including direct equity holdings, options contracts, or exchange-traded funds designed to mirror the performance of the Nasdaq-100 Index. Its equity allocations may encompass a diverse range of securities, such as common and preferred shares, warrants, convertible instruments, futures, forwards, and other options. To secure a higher yield than conventional option-based strategies, QXQ primarily focuses on issuing short-term options. These short-duration options are typically more effective at generating income over a specific timeframe compared to their longer-dated counterparts. The put-and-call options strategy involves selecting strike prices that are significantly out-of-the-money and possess very brief expiration periods, generally ranging from one to seven days. This selection process often leverages insights derived from the S&P 500 Index or other broad market benchmarks. A potential drawback of this strategy, however, is that it may restrict the fund's ability to fully capitalize on substantial gains if the underlying assets experience significant appreciation. Furthermore, the fund has the capacity to utilize short-term U.S. Treasury securities as collateral and may participate in securities lending activities.
At a glance
YieldCanary Health Summary
SGI Enhanced Nasdaq 100 ETF (QXQ) is a Quarterly-paying income ETF issued by Summit Global Investments with $85M in assets under management. The fund has an advertised yield of 0.98% and a trailing 12-month headline yield of 14.85%. QXQ is currently Healthy on YieldCanary with a True Income Yield of 14.85% and a Death Clock of 4.48 years. The fund has a low ROC estimate of 0.0%, meaning most distributions are generated from real investment activity. The most recent distribution was N/A per share. The fund's price has returned +6.43% over the trailing 12 months.
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