QYLD and QQQX 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 QQQX provides ~8% yield targeting sophisticated investor comfortable with cef structure. 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
5.3
Overall Score
Nuveen Nasdaq 100 Dynamic Overwrite Fund
4.4
Overall Score
| Criteria | QYLD | QQQX |
|---|---|---|
| Overall Score | 5.3 4.4 | |
| Total Return (25%) | 2.0 4.0 | |
| Downside Protection (25%) | 8.5 1.2 | |
| Upside Participation (25%) | 5.0 8.3 | |
| Consistency (15%) | 4.9 4.8 | |
| Expense Ratio (5%) | 5.0 1.3 | |
| Liquidity (5%) | 7.9 4.8 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | QYLD | QQQX |
|---|---|---|
| Expense Ratio | 0.600% | 0.900% |
| Inception Date | Dec 11, 2013 | Jan 25, 2007 |
| Issuer | Global X | Nuveen |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 5/5 stars | 5/5 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
Interesting dynamic approach — but CEF complexity and high fees limit its appeal vs newer ETF alternatives
Investor Profile:
Sophisticated investor comfortable with CEF structure
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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