JEPQ and QYLD are both covered call ETFs tracking the same benchmark, but with different approaches. JEPQ offers a 11.14% yield, while QYLD provides a 11.49% 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
Global X Nasdaq 100 Covered Call ETF
6.00
Overall Score
| Criteria | JEPQ | QYLD |
|---|---|---|
| Overall Score | 7.24 6.00 | |
| Total Return (25%) | 6.99 2.22 | |
| Downside Protection (25%) | 6.30 8.90 | |
| Upside Participation (25%) | 7.24 5.03 | |
| Consistency (15%) | 8.54 8.78 | |
| Expense Ratio (5%) | 8.12 5.00 | |
| Liquidity (5%) | 8.31 7.87 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | JEPQ | QYLD |
|---|---|---|
| Expense Ratio | 0.350% | 0.600% |
| Inception Date | May 3, 2022 | Dec 11, 2013 |
| Issuer | JPMorgan | Global X |
| Distribution Frequency | Monthly | Monthly |
| 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%.
Cut volatility to 11.7% (QQQ 20.9%), but captured 53% of upside against 60% of downside, and total return since 2019 is +109% against QQQ's +362%.
Investor Profile:
QYLD tracks the Cboe NASDAQ-100 BuyWrite V2 Index. It holds the Nasdaq-100 stocks, 104 positions, and sells at-the-money call options on the whole portfolio each month. The rules are mechanical and the fund pays monthly. It gives up the most upside of any Nasdaq income fund in the universe.
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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