IQQQ and QDVO are both covered call ETFs tracking the same benchmark, but with different approaches. IQQQ offers a 5.80% yield, while QDVO provides a 10.53% yield. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
ProShares Nasdaq-100 High Income ETF
5.70
Overall Score
Amplify CWP Growth & Income ETF
7.68
Overall Score
| Criteria | IQQQ | QDVO |
|---|---|---|
| Overall Score | 5.70 7.68 | |
| Total Return (25%) | 7.62 8.58 | |
| Downside Protection (25%) | 0.77 6.08 | |
| Upside Participation (25%) | 8.65 8.01 | |
| Consistency (15%) | 5.93 9.60 | |
| Expense Ratio (5%) | 5.62 5.62 | |
| Liquidity (5%) | 5.39 5.89 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | IQQQ | QDVO |
|---|---|---|
| Expense Ratio | 0.550% | 0.550% |
| Inception Date | Mar 1, 2024 | Aug 1, 2024 |
| Issuer | ProShares | Amplify |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 3/5 stars |
Keeps 86% of Nasdaq-100 upside but also 96% of the downside, for a 5.8% yield, the lowest among Nasdaq income funds.
Investor Profile:
IQQQ tracks the Nasdaq-100 Daily Covered Call Index, which sells one-day call options every day on 100% of net assets. The fund does not trade options itself: it gains the exposure through swaps with Goldman Sachs International (72%) and BNP Paribas (28%). It holds Nasdaq-100 stocks, futures and a money market ETF, 108 positions in total. ProShares distributes monthly with a stated 6% annualized minimum yield.
Captured 80% of Nasdaq-100 upside with a 70% down capture, but only over 25 months, and it trails QQQ by 9 points in 2026.
Investor Profile:
QDVO is an actively managed Amplify fund sub-advised by Capital Wealth Planning and Penserra. It holds large-cap growth stocks with strong earnings and cash flow, 51 positions, with technology at 51% and NVIDIA at 10.6%. Covered calls are written tactically on individual stocks and sometimes on broad indexes, and the share covered is not disclosed. It pays monthly.
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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