QQQX and QYLD are both covered call ETFs tracking the same benchmark, but with different approaches. QQQX offers a 8.71% 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
Nuveen Nasdaq 100 Dynamic Overwrite Fund
5.21
Overall Score
Global X Nasdaq 100 Covered Call ETF
6.00
Overall Score
| Criteria | QQQX | QYLD |
|---|---|---|
| Overall Score | 5.21 6.00 | |
| Total Return (25%) | 4.05 2.22 | |
| Downside Protection (25%) | 1.28 8.90 | |
| Upside Participation (25%) | 8.28 5.03 | |
| Consistency (15%) | 10.00 8.78 | |
| Expense Ratio (5%) | 1.25 5.00 | |
| Liquidity (5%) | 4.80 7.87 |
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 | Quarterly | Monthly |
| Maturity Rating | 5/5 stars | 5/5 stars |
Volatility of 19.6% against QQQ's 20.9% and 101% down capture mean the overwrite lowered upside without lowering risk.
Investor Profile:
QQQX is a closed-end fund managed by Nuveen Fund Advisors. It invests at least 90% of managed assets in an equity portfolio built around the Nasdaq-100, 222 positions as of August 2026, and writes call options on it dynamically. Its stated objective is a total return with less volatility than the Nasdaq-100. It uses no leverage and pays quarterly.
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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