QQQI and QYLD are both covered call ETFs tracking the same benchmark, but with different approaches. QQQI offers a 13.76% yield, while QYLD provides a 11.49% 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
Global X Nasdaq 100 Covered Call ETF
6.00
Overall Score
| Criteria | QQQI | QYLD |
|---|---|---|
| Overall Score | 7.43 6.00 | |
| Total Return (25%) | 8.16 2.22 | |
| Downside Protection (25%) | 5.48 8.90 | |
| Upside Participation (25%) | 7.98 5.03 | |
| Consistency (15%) | 10.00 8.78 | |
| Expense Ratio (5%) | 4.00 5.00 | |
| Liquidity (5%) | 6.55 7.87 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQQI | QYLD |
|---|---|---|
| Expense Ratio | 0.680% | 0.600% |
| Inception Date | Jan 30, 2024 | Dec 11, 2013 |
| Issuer | NEOS | Global X |
| Distribution Frequency | Monthly | Monthly |
| 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.
Cut volatility to 11.7% (QQQ 20.9%), but captured 53% of upside against 60% of downside, and total return since 2019 is +109% against QQQ's +362%.
Investor Profile:
QYLD tracks the Cboe NASDAQ-100 BuyWrite V2 Index. It holds the Nasdaq-100 stocks, 104 positions, and sells at-the-money call options on the whole portfolio each month. The rules are mechanical and the fund pays monthly. It gives up the most upside of any Nasdaq income fund in the universe.
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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