JEPQ vs QQQX: Which Covered Call ETF Is Better?

JEPQ and QQQX are both covered call ETFs tracking the same benchmark, but with different approaches. JEPQ offers ~10.5% yield with a focus on investor seeking tech exposure with income, moderate volatility tolerance, while QQQX provides ~8% yield targeting sophisticated investor comfortable with cef structure. 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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JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

NasdaqInception: May 3, 2022

6.5

Overall Score

QQQX

Nuveen Nasdaq 100 Dynamic Overwrite Fund

NasdaqInception: Jan 25, 2007

4.4

Overall Score

CriteriaJEPQQQQX
Overall Score
6.5
4.4
Total Return (25%)
6.4
4.0
Downside Protection (25%)
5.8
1.2
Upside Participation (25%)
7.1
8.3
Consistency (15%)
5.3
4.8
Expense Ratio (5%)
8.1
1.3
Liquidity (5%)
8.3
4.8
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Since Inception

3 Years

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1 Year

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3 Months

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Key Metrics

MetricJEPQQQQX
Expense Ratio0.350%0.900%
Inception DateMay 3, 2022Jan 25, 2007
IssuerJPMorganNuveen
Distribution FrequencyMonthlyMonthly
Maturity Rating3/5 stars5/5 stars

Verdicts

JEPQ

The best income/growth compromise in the Nasdaq covered call segment

Investor Profile:

Investor seeking tech exposure with income, moderate volatility tolerance

QQQX

Interesting dynamic approach — but CEF complexity and high fees limit its appeal vs newer ETF alternatives

Investor Profile:

Sophisticated investor comfortable with CEF structure

Full scores for these funds

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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