JEPQ vs QYLG: Which Covered Call ETF Is Better?

JEPQ and QYLG are both covered call ETFs tracking the same benchmark, but with different approaches. JEPQ offers a 11.14% yield, while QYLG provides a 16.73% yield. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.

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JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

NasdaqInception: May 3, 2022

7.24

Overall Score

QYLG

Global X Nasdaq 100 Covered Call & Growth ETF

NasdaqInception: Sep 24, 2020

6.89

Overall Score

CriteriaJEPQQYLG
Overall Score
7.24
6.89
Total Return (25%)
6.99
7.66
Downside Protection (25%)
6.30
4.53
Upside Participation (25%)
7.24
7.94
Consistency (15%)
8.54
8.75
Expense Ratio (5%)
8.12
5.00
Liquidity (5%)
8.31
5.91
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Key Metrics

MetricJEPQQYLG
Expense Ratio0.350%0.600%
Inception DateMay 3, 2022Sep 24, 2020
IssuerJPMorganGlobal X
Distribution FrequencyMonthlyMonthly
Maturity Rating3/5 stars4/5 stars

Verdicts

JEPQ

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%.

QYLG

Captured 77% of Nasdaq-100 upside and 77% of the downside; the 16.7% TTM yield includes a one-off, and the regular yield is 7.6%.

Investor Profile:

QYLG tracks the Cboe Nasdaq-100 Half BuyWrite V2 Index. It holds Nasdaq-100 stocks, 102 positions, and sells at-the-money calls on about half of their value, which leaves the other half free to follow the index. It paid a one-time distribution of $2.78 per share on Dec 30, 2025. It pays monthly.

Full scores for these funds

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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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