Rankings / IQQQ
ProShares Nasdaq-100 High Income ETF
5.7
Overall Score
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.
The fund holds Nasdaq-100 stocks and uses swap agreements to replicate the sale of daily call options on the index. Each day, call options with one day to expiration are effectively sold through the swaps. The premium is collected and distributed monthly. The fund does not trade options directly: all option exposure is obtained through swaps. The strategy does not hedge market declines: down-capture has exceeded up-capture since inception.
Keeps 86% of Nasdaq-100 upside but also 96% of the downside, for a 5.8% yield, the lowest among Nasdaq income funds.
Cumulative total return of IQQQ against QQQ, distributions reinvested.
Cumulative total return, rebased to 0% at the start of each period. Distributions reinvested. Data through end of previous month.
Calendar-year total return, distributions reinvested.
| Year | IQQQ | QQQ |
|---|---|---|
| 2026 YTD | +15.15% | +20.83% |
| 2025 | +17.03% | +20.77% |
| 2024 * | +13.12% | +15.67% |
Historical years are frozen. YTD is refreshed monthly. * Partial year: return from fund inception to December 31.
Composite score from six weighted criteria, measured since inception.
Performance since inception against the benchmark.
How much of the benchmark drawdown the fund absorbed.
How much of the benchmark rally the fund kept.
Frequency of distribution cuts below 85% of the previous payment.
Inversely proportional to the annual management fee.
Assets under management on a log scale.
Sector and geographic composition of IQQQ underlying holdings.
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | IQMM | PROSHARES GENIUS MNY MKT ETF | 10.82% |
| 2 | NVDA | NVIDIA CORP | 7.24% |
| 3 | AAPL | APPLE INC | 6.21% |
| 4 | MSFT | MICROSOFT CORP | 4.97% |
| 5 | MU | MICRON TECHNOLOGY INC | 4.29% |
| 6 | AMD | ADVANCED MICRO DEVICES | 3.68% |
| 7 | AMZN | AMAZON.COM INC | 3.54% |
| 8 | META | META PLATFORMS INC-CLASS A | 2.71% |
| 9 | GOOGL | ALPHABET INC-CL A | 2.60% |
| 10 | SPCX | SPACE EXPLORATION TECHN-CL A | 2.51% |
Holdings data from fund disclosures, updated periodically. Percentages may not sum to 100% due to cash, options, and other positions not shown.
The same six criteria, applied to different trailing periods. Pro subscribers see the full breakdown.
Since inception
5.7
3 years
5.7
1 year
5.5
3 months
4.8
How has IQQQ ranked across inception, 3 years, 1 year, and 3 months? Pro subscribers can compare a fund's trajectory over every window, across all 28 funds.
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Expense Ratio
0.550%
Inception Date
March 1, 2024
Benchmark
QQQ
Category
Covered Call - Nasdaq 100
Distribution Frequency
Monthly
Maturity Rating
3/5 stars
Scores calculated using CoveredRank methodology. Every formula is published and reproducible.
See full methodology→Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.