JEPQ and QQQX are both covered call ETFs tracking the same benchmark, but with different approaches. JEPQ offers a 11.14% yield, while QQQX provides a 8.71% 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
Nuveen Nasdaq 100 Dynamic Overwrite Fund
5.21
Overall Score
| Criteria | JEPQ | QQQX |
|---|---|---|
| Overall Score | 7.24 5.21 | |
| Total Return (25%) | 6.99 4.05 | |
| Downside Protection (25%) | 6.30 1.28 | |
| Upside Participation (25%) | 7.24 8.28 | |
| Consistency (15%) | 8.54 10.00 | |
| Expense Ratio (5%) | 8.12 1.25 | |
| Liquidity (5%) | 8.31 4.80 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | JEPQ | QQQX |
|---|---|---|
| Expense Ratio | 0.350% | 0.900% |
| Inception Date | May 3, 2022 | Jan 25, 2007 |
| Issuer | JPMorgan | Nuveen |
| Distribution Frequency | Monthly | Quarterly |
| Maturity Rating | 3/5 stars | 5/5 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%.
Volatility of 19.6% against QQQ's 20.9% and 101% down capture mean the overwrite lowered upside without lowering risk.
Investor Profile:
QQQX is a closed-end fund managed by Nuveen Fund Advisors. It invests at least 90% of managed assets in an equity portfolio built around the Nasdaq-100, 222 positions as of August 2026, and writes call options on it dynamically. Its stated objective is a total return with less volatility than the Nasdaq-100. It uses no leverage and pays quarterly.
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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