QYLD and IQQQ are both covered call ETFs tracking the same benchmark, but with different approaches. QYLD offers ~11.5% yield with a focus on retired investor seeking maximum cash flow, accepting capital erosion, 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
Global X Nasdaq 100 Covered Call ETF
5.2
Overall Score
ProShares Nasdaq-100 High Income ETF
5.7
Overall Score
| Criteria | QYLD | IQQQ |
|---|---|---|
| Overall Score | 5.2 5.7 | |
| Total Return (25%) | 2.0 8.0 | |
| Downside Protection (25%) | 8.3 0.3 | |
| Upside Participation (25%) | 5.0 8.9 | |
| Consistency (15%) | 4.8 5.9 | |
| Expense Ratio (5%) | 5.0 5.6 | |
| Liquidity (5%) | 7.9 5.4 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QYLD | IQQQ |
|---|---|---|
| Expense Ratio | 0.600% | 0.550% |
| Inception Date | Dec 11, 2013 | Jan 1, 2022 |
| Issuer | Global X | ProShares |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 3/5 stars |
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
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