QQQI and IQQQ are both covered call ETFs tracking the same benchmark, but with different approaches. QQQI offers a 13.76% yield, while IQQQ provides a 5.80% 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
NEOS Nasdaq 100 High Income ETF
7.43
Overall Score
ProShares Nasdaq-100 High Income ETF
5.70
Overall Score
| Criteria | QQQI | IQQQ |
|---|---|---|
| Overall Score | 7.43 5.70 | |
| Total Return (25%) | 8.16 7.62 | |
| Downside Protection (25%) | 5.48 0.77 | |
| Upside Participation (25%) | 7.98 8.65 | |
| Consistency (15%) | 10.00 5.93 | |
| Expense Ratio (5%) | 4.00 5.62 | |
| Liquidity (5%) | 6.55 5.39 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQQI | IQQQ |
|---|---|---|
| Expense Ratio | 0.680% | 0.550% |
| Inception Date | Jan 30, 2024 | Mar 1, 2024 |
| Issuer | NEOS | ProShares |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 3/5 stars |
Pays 13.8%, 2.6 points more than JEPQ, at a fee of 0.68% that is almost double JEPQ's 0.35%.
Investor Profile:
QQQI is an actively managed NEOS fund that holds large-cap Nasdaq-100 stocks, 106 positions, and sells index call options to generate monthly income. NEOS uses index options that qualify as Section 1256 contracts, taxed at the 60/40 rate. It aims for high monthly income in a tax-efficient way, with distributions that are partly return of capital.
Keeps 86% of Nasdaq-100 upside but also 96% of the downside, for a 5.8% yield, the lowest among Nasdaq income funds.
Investor Profile:
IQQQ tracks the Nasdaq-100 Daily Covered Call Index, which sells one-day call options every day on 100% of net assets. The fund does not trade options itself: it gains the exposure through swaps with Goldman Sachs International (72%) and BNP Paribas (28%). It holds Nasdaq-100 stocks, futures and a money market ETF, 108 positions in total. ProShares distributes monthly with a stated 6% annualized minimum yield.
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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