QQA and QYLG are both covered call ETFs tracking the same benchmark, but with different approaches. QQA offers a 9.80% yield, while QYLG provides a 16.73% 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
Invesco Nasdaq-100 Income Advantage ETF
8.04
Overall Score
Global X Nasdaq 100 Covered Call & Growth ETF
6.89
Overall Score
| Criteria | QQA | QYLG |
|---|---|---|
| Overall Score | 8.04 6.89 | |
| Total Return (25%) | 8.34 7.66 | |
| Downside Protection (25%) | 7.49 4.53 | |
| Upside Participation (25%) | 7.63 7.94 | |
| Consistency (15%) | 10.00 8.75 | |
| Expense Ratio (5%) | 7.62 5.00 | |
| Liquidity (5%) | 5.83 5.91 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQA | QYLG |
|---|---|---|
| Expense Ratio | 0.390% | 0.600% |
| Inception Date | Jul 1, 2024 | Sep 24, 2020 |
| Issuer | Invesco | Global X |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 4/5 stars | 4/5 stars |
Down capture of 63% against 76% up capture is the best ratio of the Nasdaq income funds, over a record of only 26 months.
Investor Profile:
QQA is an actively managed Invesco fund of funds that holds stocks and ETFs to mirror the Nasdaq-100, 121 positions. It earns option income through equity-linked notes (ELNs), which Invesco describes as giving upside participation and downside protection. About 20% of assets sit in an Invesco government money market fund. It pays monthly and charges 0.29%.
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.
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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