IQQQ and QQA 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 QQA provides ~8.5% yield targeting income investors wanting nasdaq-100 exposure with a lower-cost monthly income overlay. 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
5.7
Overall Score
Invesco Nasdaq-100 Income Advantage ETF
7.1
Overall Score
| Criteria | IQQQ | QQA |
|---|---|---|
| Overall Score | 5.7 7.1 | |
| Total Return (25%) | 8.0 7.6 | |
| Downside Protection (25%) | 0.3 7.5 | |
| Upside Participation (25%) | 8.9 7.4 | |
| Consistency (15%) | 5.9 5.7 | |
| Expense Ratio (5%) | 5.6 7.6 | |
| Liquidity (5%) | 5.4 5.8 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | IQQQ | QQA |
|---|---|---|
| Expense Ratio | 0.550% | 0.390% |
| Inception Date | Jan 1, 2022 | Jan 1, 2022 |
| Issuer | ProShares | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 4/5 stars |
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
A cost-efficient alternative to JEPQ and QQQI. Track record still building.
Investor Profile:
Income investors wanting Nasdaq-100 exposure with a lower-cost monthly income overlay