IQQQ and QYLD 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 QYLD provides ~11.5% yield targeting retired investor seeking maximum cash flow, accepting capital erosion. 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
5.9
Overall Score
Global X Nasdaq 100 Covered Call ETF
5.3
Overall Score
| Criteria | IQQQ | QYLD |
|---|---|---|
| Overall Score | 5.9 5.3 | |
| Total Return (25%) | 8.2 2.0 | |
| Downside Protection (25%) | 0.8 8.5 | |
| Upside Participation (25%) | 8.9 5.0 | |
| Consistency (15%) | 5.6 4.9 | |
| Expense Ratio (5%) | 5.6 5.0 | |
| Liquidity (5%) | 5.4 7.9 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | IQQQ | QYLD |
|---|---|---|
| Expense Ratio | 0.550% | 0.600% |
| Inception Date | Jan 1, 2022 | Dec 11, 2013 |
| Issuer | ProShares | Global X |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 5/5 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
The yield is real but capital erodes — use with full understanding of the trade-off
Investor Profile:
Retired investor seeking maximum cash flow, accepting capital erosion
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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