QQQI and QQA are both covered call ETFs tracking the same benchmark, but with different approaches. QQQI offers a 13.76% yield, while QQA provides a 9.80% 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
Invesco Nasdaq-100 Income Advantage ETF
8.04
Overall Score
| Criteria | QQQI | QQA |
|---|---|---|
| Overall Score | 7.43 8.04 | |
| Total Return (25%) | 8.16 8.34 | |
| Downside Protection (25%) | 5.48 7.49 | |
| Upside Participation (25%) | 7.98 7.63 | |
| Consistency (15%) | 10.00 10.00 | |
| Expense Ratio (5%) | 4.00 7.62 | |
| Liquidity (5%) | 6.55 5.83 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQQI | QQA |
|---|---|---|
| Expense Ratio | 0.680% | 0.390% |
| Inception Date | Jan 30, 2024 | Jul 1, 2024 |
| Issuer | NEOS | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 4/5 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.
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%.
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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