QYLD and IQQQ are both covered call ETFs tracking the same benchmark, but with different approaches. QYLD offers a 11.49% yield, while IQQQ provides a 5.80% 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
Global X Nasdaq 100 Covered Call ETF
6.00
Overall Score
ProShares Nasdaq-100 High Income ETF
5.70
Overall Score
| Criteria | QYLD | IQQQ |
|---|---|---|
| Overall Score | 6.00 5.70 | |
| Total Return (25%) | 2.22 7.62 | |
| Downside Protection (25%) | 8.90 0.77 | |
| Upside Participation (25%) | 5.03 8.65 | |
| Consistency (15%) | 8.78 5.93 | |
| Expense Ratio (5%) | 5.00 5.62 | |
| Liquidity (5%) | 7.87 5.39 |
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 | Mar 1, 2024 |
| Issuer | Global X | ProShares |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 3/5 stars |
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.
Keeps 86% of Nasdaq-100 upside but also 96% of the downside, for a 5.8% yield, the lowest among Nasdaq income funds.
Investor Profile:
IQQQ tracks the Nasdaq-100 Daily Covered Call Index, which sells one-day call options every day on 100% of net assets. The fund does not trade options itself: it gains the exposure through swaps with Goldman Sachs International (72%) and BNP Paribas (28%). It holds Nasdaq-100 stocks, futures and a money market ETF, 108 positions in total. ProShares distributes monthly with a stated 6% annualized minimum yield.
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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