QQQX and QYLG are both covered call ETFs tracking the same benchmark, but with different approaches. QQQX offers a 8.71% 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
Nuveen Nasdaq 100 Dynamic Overwrite Fund
5.21
Overall Score
Global X Nasdaq 100 Covered Call & Growth ETF
6.89
Overall Score
| Criteria | QQQX | QYLG |
|---|---|---|
| Overall Score | 5.21 6.89 | |
| Total Return (25%) | 4.05 7.66 | |
| Downside Protection (25%) | 1.28 4.53 | |
| Upside Participation (25%) | 8.28 7.94 | |
| Consistency (15%) | 10.00 8.75 | |
| Expense Ratio (5%) | 1.25 5.00 | |
| Liquidity (5%) | 4.80 5.91 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QQQX | QYLG |
|---|---|---|
| Expense Ratio | 0.900% | 0.600% |
| Inception Date | Jan 25, 2007 | Sep 24, 2020 |
| Issuer | Nuveen | Global X |
| Distribution Frequency | Quarterly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 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.
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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