QQQI and QYLG are both covered call ETFs tracking the same benchmark, but with different approaches. QQQI offers a 13.76% 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
NEOS Nasdaq 100 High Income ETF
7.43
Overall Score
Global X Nasdaq 100 Covered Call & Growth ETF
6.89
Overall Score
| Criteria | QQQI | QYLG |
|---|---|---|
| Overall Score | 7.43 6.89 | |
| Total Return (25%) | 8.16 7.66 | |
| Downside Protection (25%) | 5.48 4.53 | |
| Upside Participation (25%) | 7.98 7.94 | |
| Consistency (15%) | 10.00 8.75 | |
| Expense Ratio (5%) | 4.00 5.00 | |
| Liquidity (5%) | 6.55 5.91 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQQI | QYLG |
|---|---|---|
| Expense Ratio | 0.680% | 0.600% |
| Inception Date | Jan 30, 2024 | Sep 24, 2020 |
| Issuer | NEOS | Global X |
| 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.
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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