JEPQ and QQA are both covered call ETFs tracking the same benchmark, but with different approaches. JEPQ offers a 11.14% yield, while QQA provides a 9.80% 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
JPMorgan Nasdaq Equity Premium Income ETF
7.24
Overall Score
Invesco Nasdaq-100 Income Advantage ETF
8.04
Overall Score
| Criteria | JEPQ | QQA |
|---|---|---|
| Overall Score | 7.24 8.04 | |
| Total Return (25%) | 6.99 8.34 | |
| Downside Protection (25%) | 6.30 7.49 | |
| Upside Participation (25%) | 7.24 7.63 | |
| Consistency (15%) | 8.54 10.00 | |
| Expense Ratio (5%) | 8.12 7.62 | |
| Liquidity (5%) | 8.31 5.83 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | JEPQ | QQA |
|---|---|---|
| Expense Ratio | 0.350% | 0.390% |
| Inception Date | May 3, 2022 | Jul 1, 2024 |
| Issuer | JPMorgan | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 4/5 stars |
Captured 72% of Nasdaq-100 upside with 32% lower volatility (13.7% vs 20.0%) for an 11.1% yield, at a 44-point cost in total return since 2022.
Investor Profile:
JEPQ is an actively managed JPMorgan fund that holds about 111 large-cap stocks, mainly from the Nasdaq-100, selected with a data-driven process. It earns option income through equity-linked notes on the Nasdaq-100 rather than writing options directly. It pays monthly and charges 0.35%.
Down capture of 63% against 76% up capture is the best ratio of the Nasdaq income funds, over a record of only 26 months.
Investor Profile:
QQA is an actively managed Invesco fund of funds that holds stocks and ETFs to mirror the Nasdaq-100, 121 positions. It earns option income through equity-linked notes (ELNs), which Invesco describes as giving upside participation and downside protection. About 20% of assets sit in an Invesco government money market fund. It pays monthly and charges 0.29%.
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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