IQQQ vs JEPQ: Which Covered Call ETF Is Better?

IQQQ and JEPQ are both covered call ETFs tracking the same benchmark, but with different approaches. IQQQ offers ~9.1% yield with a focus on income investors seeking nasdaq-100 exposure with daily covered call overlay and tax efficiency, while JEPQ provides ~10.5% yield targeting investor seeking tech exposure with income, moderate volatility tolerance. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.

Compare ETFs

Compare covered call ETFs with the same benchmark side by side

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Step 2: Select ETFs to Compare

IQQQ

ProShares Nasdaq-100 High Income ETF

NasdaqInception: Jan 1, 2022

5.9

Overall Score

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

NasdaqInception: May 3, 2022

6.5

Overall Score

CriteriaIQQQJEPQ
Overall Score
5.9
6.5
Total Return (25%)
8.2
6.4
Downside Protection (25%)
0.8
5.8
Upside Participation (25%)
8.9
7.1
Consistency (15%)
5.6
5.3
Expense Ratio (5%)
5.6
8.1
Liquidity (5%)
5.4
8.3
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Compare Across All Time Windows

Since Inception

3 Years

Pro only

1 Year

Pro only

3 Months

Pro only

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Key Metrics

MetricIQQQJEPQ
Expense Ratio0.550%0.350%
Inception DateJan 1, 2022May 3, 2022
IssuerProSharesJPMorgan
Distribution FrequencyMonthlyMonthly
Maturity Rating3/5 stars3/5 stars

Verdicts

IQQQ

Solid but faces stiff competition from QQQI. Tax efficiency is its main differentiator.

Investor Profile:

Income investors seeking Nasdaq-100 exposure with daily covered call overlay and tax efficiency

JEPQ

The best income/growth compromise in the Nasdaq covered call segment

Investor Profile:

Investor seeking tech exposure with income, moderate volatility tolerance

Full scores for these funds

See where these rank against every QQQ fund

Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.

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