QQA and QYLD are both covered call ETFs tracking the same benchmark, but with different approaches. QQA offers ~8.5% yield with a focus on income investors wanting nasdaq-100 exposure with a lower-cost monthly income overlay, while QYLD provides ~11.5% yield targeting retired investor seeking maximum cash flow, accepting capital erosion. 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
Invesco Nasdaq-100 Income Advantage ETF
7.2
Overall Score
Global X Nasdaq 100 Covered Call ETF
5.3
Overall Score
| Criteria | QQA | QYLD |
|---|---|---|
| Overall Score | 7.2 5.3 | |
| Total Return (25%) | 7.9 2.0 | |
| Downside Protection (25%) | 7.3 8.5 | |
| Upside Participation (25%) | 7.5 5.0 | |
| Consistency (15%) | 5.7 4.9 | |
| Expense Ratio (5%) | 7.6 5.0 | |
| Liquidity (5%) | 5.8 7.9 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQA | QYLD |
|---|---|---|
| Expense Ratio | 0.390% | 0.600% |
| Inception Date | Jan 1, 2022 | Dec 11, 2013 |
| Issuer | Invesco | Global X |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 4/5 stars | 5/5 stars |
A cost-efficient alternative to JEPQ and QQQI. Track record still building.
Investor Profile:
Income investors wanting Nasdaq-100 exposure with a lower-cost monthly income overlay
The yield is real but capital erodes — use with full understanding of the trade-off
Investor Profile:
Retired investor seeking maximum cash flow, accepting capital erosion
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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