IQQQ vs QQQI: Which Covered Call ETF Is Better?

IQQQ and QQQI 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 QQQI provides ~14% yield targeting investor seeking nasdaq exposure with high income and optimized tax treatment. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.

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Compare covered call ETFs with the same benchmark side by side

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IQQQ

ProShares Nasdaq-100 High Income ETF

NasdaqInception: Jan 1, 2022

5.9

Overall Score

QQQI

NEOS Nasdaq 100 High Income ETF

NasdaqInception: Jan 30, 2024

6.6

Overall Score

CriteriaIQQQQQQI
Overall Score
5.9
6.6
Total Return (25%)
8.2
7.9
Downside Protection (25%)
0.8
5.7
Upside Participation (25%)
8.9
7.8
Consistency (15%)
5.6
4.8
Expense Ratio (5%)
5.6
4.0
Liquidity (5%)
5.4
6.5
🔒

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

MetricIQQQQQQI
Expense Ratio0.550%0.680%
Inception DateJan 1, 2022Jan 30, 2024
IssuerProSharesNEOS
Distribution FrequencyMonthlyMonthly
Maturity Rating3/5 stars2/5 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

QQQI

Ranked #1 in our model but interpret with caution — only 2 maturity stars, no 2022-style correction in its history

Investor Profile:

Investor seeking Nasdaq exposure with high income and optimized tax treatment

Full scores for these funds

IQQQ scorecardQQQI scorecard

Other comparisons in this benchmark group

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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