QYLD and QQA are both covered call ETFs tracking the same benchmark, but with different approaches. QYLD offers a 11.49% yield, while QQA provides a 9.80% 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
Invesco Nasdaq-100 Income Advantage ETF
8.04
Overall Score
| Criteria | QYLD | QQA |
|---|---|---|
| Overall Score | 6.00 8.04 | |
| Total Return (25%) | 2.22 8.34 | |
| Downside Protection (25%) | 8.90 7.49 | |
| Upside Participation (25%) | 5.03 7.63 | |
| Consistency (15%) | 8.78 10.00 | |
| Expense Ratio (5%) | 5.00 7.62 | |
| Liquidity (5%) | 7.87 5.83 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QYLD | QQA |
|---|---|---|
| Expense Ratio | 0.600% | 0.390% |
| Inception Date | Dec 11, 2013 | Jul 1, 2024 |
| Issuer | Global X | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 4/5 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.
Down capture of 63% against 76% up capture is the best ratio of the Nasdaq income funds, over a record of only 26 months.
Investor Profile:
QQA is an actively managed Invesco fund of funds that holds stocks and ETFs to mirror the Nasdaq-100, 121 positions. It earns option income through equity-linked notes (ELNs), which Invesco describes as giving upside participation and downside protection. About 20% of assets sit in an Invesco government money market fund. It pays monthly and charges 0.29%.
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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