QDPL
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF·Financial Services
41.77
0.191%(−0.08)
Market ClosedLast Updated: — ET
52W L: $33.2752W H: $43.38
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF·Financial Services
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL - Get Free Report) shares traded down 0.3% during mid-day trading on Tuesday. The company traded as low as $40.19 and last traded at $40.60. 106,041 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 204,487 shares.
QDPL amplifies dividend exposure via futures, outperforming only when actual dividends exceed expectations significantly, making returns dependent on narrow, less predictable market conditions. SPYI generates income through covered call spreads, monetizing volatility and time, enabling steadier performance across range-bound, declining, or moderately rising markets without forecasting accuracy. Historical comparisons show SPYI keeps pace in many bullish periods and outperforms in slower markets, while QDPL's edge appears mainly in strong, expectation-beating dividend environments.
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF aims to provide a dividend 4x larger than the S&P 500, targeting income-focused investors. QDPL achieves its high yield via S&P 500 dividend futures, not options or leverage, maintaining about 90% equity exposure and 10% Treasuries as collateral. The predictability of dividend income makes it appealing from a forward-looking perspective, in my opinion, both compared to the bond segment and to the category of equity buy-write ETFs.
The Pacer Metaurus US Large Cap Dividend Multiplier ETF amplifies S&P 500 dividends, targeting a 4–6% yield by leveraging dividend futures. QDPL has sacrificed about 7% of the S&P 500 total return over the last 3 years for a 3–4% higher, tax-efficient yield, distributing ~5% annually. Unlike covered call ETFs, QDPL maintains most equity upside while providing higher income than traditional dividend funds, with significant return-of-capital tax benefits.
The Schwab US Dividend Equity ETF (NYSEARCA:SCHD ) is performing well again, but the rationale for not holding all your eggs in one basket still rings true.
