QYLG vs KLIP: Which Covered Call ETF Is Better?

QYLG and KLIP are both covered call ETFs tracking the same benchmark, but with different approaches. QYLG offers ~6% yield with a focus on tech-oriented investor wanting nasdaq exposure with partial income overlay, while KLIP provides ~25%+ yield targeting speculative investor seeking exposure to chinese tech with income. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.

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Compare covered call ETFs with the same benchmark side by side

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QYLG

Global X Nasdaq 100 Covered Call & Growth ETF

NasdaqInception: Sep 24, 2020

6.2

Overall Score

KLIP

KraneShares China Internet & Covered Call ETF

NasdaqInception: Jan 11, 2023

4.9

Overall Score

CriteriaQYLGKLIP
Overall Score
6.2
4.9
Total Return (25%)
7.2
1.8
Downside Protection (25%)
4.2
9.9
Upside Participation (25%)
7.9
3.4
Consistency (15%)
5.2
5.4
Expense Ratio (5%)
5.0
0.6
Liquidity (5%)
5.9
5.1
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Compare Across All Time Windows

Since Inception

3 Years

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1 Year

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Key Metrics

MetricQYLGKLIP
Expense Ratio0.600%0.950%
Inception DateSep 24, 2020Jan 11, 2023
IssuerGlobal XKraneShares
Distribution FrequencyMonthlyMonthly
Maturity Rating4/5 stars2/5 stars

Verdicts

QYLG

Same logic as XYLG but on Nasdaq — better suited for growth-focused investors than income-focused ones

Investor Profile:

Tech-oriented investor wanting Nasdaq exposure with partial income overlay

KLIP

High yield masks extreme risk — China regulatory and geopolitical risk makes this unsuitable as a core holding

Investor Profile:

Speculative investor seeking exposure to Chinese tech with income

Full scores for these funds

See where these rank against every QQQ fund

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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