QQQX and QQA 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 QQA provides ~8.5% yield targeting income investors wanting nasdaq-100 exposure with a lower-cost monthly income overlay. 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
Invesco Nasdaq-100 Income Advantage ETF
7.2
Overall Score
| Criteria | QQQX | QQA |
|---|---|---|
| Overall Score | 4.4 7.2 | |
| Total Return (25%) | 4.0 7.9 | |
| Downside Protection (25%) | 1.2 7.3 | |
| Upside Participation (25%) | 8.3 7.5 | |
| Consistency (15%) | 4.8 5.7 | |
| Expense Ratio (5%) | 1.3 7.6 | |
| Liquidity (5%) | 4.8 5.8 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQQX | QQA |
|---|---|---|
| Expense Ratio | 0.900% | 0.390% |
| Inception Date | Jan 25, 2007 | Jan 1, 2022 |
| Issuer | Nuveen | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 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
A cost-efficient alternative to JEPQ and QQQI. Track record still building.
Investor Profile:
Income investors wanting Nasdaq-100 exposure with a lower-cost monthly income overlay
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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