QQQI and QQQX are both covered call ETFs tracking the same benchmark, but with different approaches. QQQI offers a 13.76% yield, while QQQX provides a 8.71% 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
Nuveen Nasdaq 100 Dynamic Overwrite Fund
5.21
Overall Score
| Criteria | QQQI | QQQX |
|---|---|---|
| Overall Score | 7.43 5.21 | |
| Total Return (25%) | 8.16 4.05 | |
| Downside Protection (25%) | 5.48 1.28 | |
| Upside Participation (25%) | 7.98 8.28 | |
| Consistency (15%) | 10.00 10.00 | |
| Expense Ratio (5%) | 4.00 1.25 | |
| Liquidity (5%) | 6.55 4.80 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQQI | QQQX |
|---|---|---|
| Expense Ratio | 0.680% | 0.900% |
| Inception Date | Jan 30, 2024 | Jan 25, 2007 |
| Issuer | NEOS | Nuveen |
| Distribution Frequency | Monthly | Quarterly |
| Maturity Rating | 2/5 stars | 5/5 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.
Volatility of 19.6% against QQQ's 20.9% and 101% down capture mean the overwrite lowered upside without lowering risk.
Investor Profile:
QQQX is a closed-end fund managed by Nuveen Fund Advisors. It invests at least 90% of managed assets in an equity portfolio built around the Nasdaq-100, 222 positions as of August 2026, and writes call options on it dynamically. Its stated objective is a total return with less volatility than the Nasdaq-100. It uses no leverage and pays quarterly.
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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