QQQX and QYLD 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 QYLD provides ~11.5% yield targeting retired investor seeking maximum cash flow, accepting capital erosion. 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
Global X Nasdaq 100 Covered Call ETF
5.3
Overall Score
| Criteria | QQQX | QYLD |
|---|---|---|
| Overall Score | 4.4 5.3 | |
| Total Return (25%) | 4.0 2.0 | |
| Downside Protection (25%) | 1.2 8.5 | |
| Upside Participation (25%) | 8.3 5.0 | |
| Consistency (15%) | 4.8 4.9 | |
| Expense Ratio (5%) | 1.3 5.0 | |
| Liquidity (5%) | 4.8 7.9 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQQX | QYLD |
|---|---|---|
| Expense Ratio | 0.900% | 0.600% |
| Inception Date | Jan 25, 2007 | Dec 11, 2013 |
| Issuer | Nuveen | Global X |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 5/5 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
The yield is real but capital erodes — use with full understanding of the trade-off
Investor Profile:
Retired investor seeking maximum cash flow, accepting capital erosion
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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