QQQX and IQQQ are both covered call ETFs tracking the same benchmark, but with different approaches. QQQX offers ~8% yield with a focus on sophisticated investor comfortable with cef structure, while IQQQ provides ~9.1% yield targeting income investors seeking nasdaq-100 exposure with daily covered call overlay and tax efficiency. 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
Nuveen Nasdaq 100 Dynamic Overwrite Fund
4.4
Overall Score
ProShares Nasdaq-100 High Income ETF
5.9
Overall Score
| Criteria | QQQX | IQQQ |
|---|---|---|
| Overall Score | 4.4 5.9 | |
| Total Return (25%) | 4.0 8.2 | |
| Downside Protection (25%) | 1.2 0.8 | |
| Upside Participation (25%) | 8.3 8.9 | |
| Consistency (15%) | 4.8 5.6 | |
| Expense Ratio (5%) | 1.3 5.6 | |
| Liquidity (5%) | 4.8 5.4 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQQX | IQQQ |
|---|---|---|
| Expense Ratio | 0.900% | 0.550% |
| Inception Date | Jan 25, 2007 | Jan 1, 2022 |
| Issuer | Nuveen | ProShares |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 3/5 stars |
Interesting dynamic approach — but CEF complexity and high fees limit its appeal vs newer ETF alternatives
Investor Profile:
Sophisticated investor comfortable with CEF structure
Solid but faces stiff competition from QQQI. Tax efficiency is its main differentiator.
Investor Profile:
Income investors seeking Nasdaq-100 exposure with daily covered call overlay and tax efficiency
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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