IQQQ vs QYLD: Grades, Fees and Holdings Compared

ProShares Nasdaq-100 High Income ETF

IQQQBNasdaq

Global X Nasdaq 100 Covered Call ETF

QYLDANasdaq

Overlap

86.1%by weight

Expense ratio

IQQQ −0.05pt a year

IQQQ0.55%QYLD0.60%

Avg volume · 30D

QYLD 90.3×the volume

IQQQ47.7KQYLD4.31M

IQQQ vs QYLD Performance

Oct 31, 2025 – Nov 2, 2026

+3.6%IQQQ+14.3%QYLD

Expense ratio: IQQQ 0.55%, better; QYLD 0.60%
Fund size: IQQQ $377M; QYLD $8.2B
1Y total return: IQQQ +3.6%; QYLD +14.3%, better
Yield (12M): IQQQ 7.18%; QYLD 12.11%, better
Holdings: IQQQ 102; QYLD 102
Avg volume (30D): IQQQ 47.7K sh; QYLD 4.31M sh, better
NAV per share: IQQQ $45.53; QYLD $17.88
52W range

ETF.net Grade

Pillar letters and Scores for IQQQ, QYLD, with each pillar’s weight
Pillar	IQQQ	QYLD
Cost30% weight	A70Higher	B65
Mission25% weight	A89	A100Higher
Risk15% weight	D32	A71Higher
Tradability15% weight	A73	A89Higher
Holdings10% weight	C45	B68Higher
Durability5% weight	B65	A90Higher

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. IQQQ and QYLD are both graded against the same 30 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 30 funds

See all 30 ›

QYLD ranks 3rd and IQQQ 10th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 84
Rank 2AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 3AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 79
Rank 3AQYLDGlobal X Nasdaq 100 Covered Call ETFScore 79
Rank 5AQYLGGlobal X Nasdaq 100 Covered Call & Growth ETFScore 77
Rank 9BROCQJPMorgan Nasdaq Equity Premium Yield ETFScore 69
Rank 10BIQQQProShares Nasdaq-100 High Income ETFScore 66
Rank 10BQRMIGlobal X Nasdaq 100 Risk Managed Income ETFScore 66

Our read on each fund

ETF.net Research

IQQQBProShares Nasdaq-100 High Income ETF

QYLDAGlobal X Nasdaq 100 Covered Call ETF

In short

IQQQ ProShares runs the covered-call playbook on a daily clock: IQQQ sells calls on the Nasdaq-100 that expire every session, then pays out monthly with a stated floor of 6% annualized income. Big-tech exposure with a rent check attached.

QYLD Running since 2013, QYLD is the no-frills version of the Nasdaq-100 income trade: own the index, sell calls against it, pay out monthly. No stock picking, no manager discretion, just a rules-based buy-write index followed closely.

Stated mandate

IQQQ IQQQ seeks high income through a daily covered-call strategy while pursuing long-term total returns consistent with the Nasdaq-100 Index.

QYLD QYLD seeks, before fees and expenses, to generally match the price and yield performance of the Cboe NASDAQ-100® BuyWrite V2 Index. It uses a buy-write strategy that holds NASDAQ-100 stocks and sells corresponding call options.

Why people hold it

IQQQ Sells Nasdaq-100 calls that expire daily rather than monthly, so premium is harvested every session and the option positions reset constantly.proshares.com
ProShares states a target of at least 6% annualized income, paid monthly. Most peers just pay what the options market gives them that month.proshares.com
0.55% a year undercuts the median fee in its Nasdaq-100 income cohort, and it sits in the upper half of that 27-fund group on our review.
Holds roughly 100 stocks and keeps chasing Nasdaq-100 total return alongside the income, so it stays a growth-index fund with a yield overlay, not a bond substitute.

QYLD Simple machine: holds Nasdaq-100 stocks, sells the matching calls, and tracks the Cboe NASDAQ-100 BuyWrite V2 Index closely. Nothing to second-guess.
Income arrives monthly, and the 0.60% fee sits under the median for Nasdaq-100 options-income funds.
A multi-billion-dollar fund that trades very actively, so getting in and out is rarely the hard part.

Worth knowing

IQQQ Written calls hand away part of a strong Nasdaq rally. The income is paid for with upside.proshares.com
ProShares discloses that distributions can include return of capital, meaning some of a payout may be your own money coming back.proshares.com
Launched in 2024, so the record is short, and cheaper Nasdaq-100 income rivals exist: QQA at 0.33%, GPIQ and JEPQ at 0.35%.

QYLD Writing calls sells the upside. When the Nasdaq-100 runs past the strike, that gain goes to the option buyer, not the fund.
Leaner options on the same index: QQA at 0.33%, GPIQ and JEPQ at 0.35%.
Payouts are funded by option premium and no target rate is declared, so the monthly check varies with volatility.

Full IQQQ profile⁠

Full QYLD profile⁠

IQQQ vs QYLD Holdings

How IQQQ and QYLD differ

Overlap by weight

86.1%

Shared holdings make up 100% of QYLD and 86.1% of IQQQ.

Level by level

Sector10 Sectors85.4%
Holdings101 in both86.1%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in IQQQ and QYLD, widest gap first
Sector	More in IQQQMore in QYLD	IQQQ	QYLD
Financials	IQQQ +14.5 points	14.7%	0.2%
Technology	QYLD +9.9 points	50.4%	60.3%
Communication	QYLD +3.1 points	9.5%	12.6%
Consumer Discretionary	QYLD +1.1 points	9.0%	10.1%
Industrials	QYLD +0.2 points	4.9%	5.1%
Utilities	QYLD +0.1 points	0.9%	1.0%
Materials	Same weight	0.9%	0.9%
Consumer Staples	QYLD +0.1 points	5.5%	5.6%
Health Care	Same weight	3.8%	3.8%
Energy	Same weight	0.4%	0.4%

Country, concentration and asset class

Country by domicile

Country weights in IQQQ and QYLD, widest gap first
Country	More in IQQQMore in QYLD	IQQQ	QYLD
United States	Same weight	97.3%	97.3%
Canada	Same weight	1.1%	1.1%
Netherlands	QYLD +0.1 points	0.8%	0.9%
Brazil	Same weight	0.4%	0.4%
China	Same weight	0.2%	0.2%
United Kingdom	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

IQQQ53.0%
QYLD47.0%

Securities held

IQQQ102
QYLD101

Asset class

IQQQ: Equity
QYLD: Equity

Holdings

Only in IQQQ1
In both101
Only in QYLD0

Only in IQQQ

1 security, 15.1% of IQQQ by weight

Proshares Genius Mny Mkt Etf15.12%

Only in QYLD

0 securities, 0.0% of QYLD by weight

Weight gaps

The 100 widest of 101 Holdings in both funds.

Holding weights in IQQQ and QYLD, widest gap first
Holding	More in IQQQMore in QYLD	IQQQ	QYLD
Apple IncAAPL	QYLD +1.19 points	7.05%	8.24%
NVIDIA CorpNVDA	QYLD +1.17 points	6.91%	8.08%
Microsoft CorpMSFT	QYLD +0.92 points	5.43%	6.35%
Micron Technology IncMU	QYLD +0.66 points	3.86%	4.52%
Amazon.com IncAMZN	QYLD +0.62 points	3.63%	4.25%
Advanced Micro DevicesAMD	QYLD +0.54 points	3.19%	3.73%
Tesla IncTSLA	QYLD +0.50 points	2.94%	3.44%
Meta Platforms Inc-Class AMETA	QYLD +0.44 points	2.56%	3.00%
Walmart IncWMT	QYLD +0.40 points	2.32%	2.72%
Alphabet Inc-Cl AGOOGL	QYLD +0.39 points	2.30%	2.69%
Space Exploration Techn-Cl ASPCX	QYLD +0.38 points	2.23%	2.61%
Broadcom IncAVGO	QYLD +0.37 points	2.17%	2.54%
Alphabet Inc-Cl CGOOG	QYLD +0.37 points	2.15%	2.52%
Costco Wholesale CorpCOST	QYLD +0.29 points	1.74%	2.03%
Palantir Technologies Inc-APLTR	QYLD +0.28 points	1.64%	1.92%
Cisco Systems IncCSCO	QYLD +0.27 points	1.59%	1.86%
Intel CorpINTC	QYLD +0.22 points	1.34%	1.56%
Applied Materials IncAMAT	QYLD +0.20 points	1.20%	1.40%
Lam Research CorpLRCX	QYLD +0.19 points	1.16%	1.35%
Palo Alto Networks IncPANW	QYLD +0.20 points	1.15%	1.35%
Texas Instruments IncTXN	QYLD +0.18 points	1.06%	1.24%
Netflix IncNFLX	QYLD +0.17 points	1.00%	1.17%
Crowdstrike Holdings Inc - ACRWD	QYLD +0.17 points	0.99%	1.16%
Amgen IncAMGN	QYLD +0.17 points	0.97%	1.14%
Linde PLCLIN	QYLD +0.15 points	0.92%	1.07%
Gilead Sciences IncGILD	QYLD +0.14 points	0.82%	0.96%
Kla CorpKLAC	QYLD +0.13 points	0.80%	0.93%
Analog Devices IncADI	QYLD +0.13 points	0.78%	0.91%
Shopify Inc - Class ASHOP	QYLD +0.12 points	0.74%	0.86%
Pepsico IncPEP	QYLD +0.13 points	0.72%	0.85%
Qualcomm IncQCOM	QYLD +0.11 points	0.67%	0.78%
Marvell Technology IncMRVL	QYLD +0.11 points	0.67%	0.78%
T-Mobile Us IncTMUS	QYLD +0.11 points	0.65%	0.76%
Sandisk CorpSNDK	QYLD +0.11 points	0.65%	0.76%
Intuitive Surgical IncISRG	QYLD +0.10 points	0.59%	0.69%
Seagate Technology HoldingsSTX	QYLD +0.09 points	0.57%	0.66%
Asml Holding Nv-Ny Reg ShsASML	QYLD +0.09 points	0.57%	0.66%
Vertex Pharmaceuticals IncVRTX	QYLD +0.09 points	0.55%	0.64%
Western Digital CorpWDC	QYLD +0.09 points	0.51%	0.60%
Starbucks CorpSBUX	QYLD +0.07 points	0.46%	0.53%
Automatic Data ProcessingADP	QYLD +0.08 points	0.45%	0.53%
Booking Holdings IncBKNG	QYLD +0.07 points	0.43%	0.50%
Marriott International -Cl AMAR	QYLD +0.07 points	0.40%	0.47%
Adobe IncADBE	QYLD +0.07 points	0.38%	0.45%
Constellation EnergyCEG	QYLD +0.06 points	0.36%	0.42%
Regeneron PharmaceuticalsREGN	QYLD +0.06 points	0.36%	0.42%
Fortinet IncFTNT	QYLD +0.05 points	0.39%	0.44%
Arm Holdings Plc-AdrARM	QYLD +0.06 points	0.35%	0.41%
Csx CorpCSX	QYLD +0.06 points	0.37%	0.43%
Intuit IncINTU	QYLD +0.05 points	0.36%	0.41%
Monster Beverage CorpMNST	QYLD +0.05 points	0.36%	0.41%
Mercadolibre IncMELI	QYLD +0.05 points	0.32%	0.37%
Synopsys IncSNPS	QYLD +0.05 points	0.35%	0.40%
Cadence Design Sys IncCDNS	QYLD +0.05 points	0.35%	0.40%
Moderna IncMRNA	QYLD +0.05 points	0.34%	0.39%
Cintas CorpCTAS	QYLD +0.05 points	0.34%	0.39%
Mondelez International Inc-AMDLZ	QYLD +0.05 points	0.32%	0.37%
Lumentum Holdings IncLITE	QYLD +0.05 points	0.29%	0.34%
Comcast Corp-Class ACMCSA	QYLD +0.05 points	0.32%	0.36%
Datadog Inc - Class ADDOG	QYLD +0.05 points	0.30%	0.35%
Doordash Inc - ADASH	QYLD +0.05 points	0.28%	0.33%
Ross Stores IncROST	QYLD +0.05 points	0.28%	0.33%
O'reilly Automotive IncORLY	QYLD +0.04 points	0.28%	0.32%
American Electric PowerAEP	QYLD +0.04 points	0.27%	0.31%
Applovin Corp-Class AAPP	QYLD +0.04 points	0.27%	0.31%
Honeywell International IncHON	QYLD +0.04 points	0.27%	0.31%
Airbnb Inc-Class AABNB	QYLD +0.04 points	0.27%	0.31%
Nxp Semiconductors NVNXPI	QYLD +0.04 points	0.25%	0.29%
Monolithic Power Systems IncMPWR	QYLD +0.04 points	0.23%	0.27%
Baker Hughes CoBKR	QYLD +0.04 points	0.21%	0.25%
Paccar IncPCAR	QYLD +0.03 points	0.21%	0.24%
Autodesk IncADSK	QYLD +0.04 points	0.20%	0.24%
Fastenal CoFAST	QYLD +0.03 points	0.23%	0.26%
Diamondback Energy IncFANG	QYLD +0.03 points	0.23%	0.26%
Xcel Energy IncXEL	QYLD +0.04 points	0.19%	0.23%
Coca-Cola Europacific PartneCCEP	QYLD +0.03 points	0.19%	0.22%
Honeywell Aerospace IncHONA	QYLD +0.03 points	0.19%	0.22%
PayPal Holdings IncPYPL	QYLD +0.03 points	0.19%	0.22%
Keurig Dr Pepper IncKDP	QYLD +0.03 points	0.19%	0.22%
Exelon CorpEXC	QYLD +0.04 points	0.18%	0.22%
Roper Technologies IncROP	QYLD +0.03 points	0.18%	0.21%
Astera Labs IncALAB	QYLD +0.03 points	0.17%	0.20%
Thomson Reuters CorpTRI	QYLD +0.03 points	0.17%	0.20%
Idexx Laboratories IncIDXX	QYLD +0.03 points	0.17%	0.20%
Teradyne IncTER	QYLD +0.02 points	0.17%	0.19%
Microchip Technology IncMCHP	QYLD +0.03 points	0.16%	0.19%
Pdd Holdings IncPDD	QYLD +0.03 points	0.20%	0.23%
Ferrovial NVFER	QYLD +0.02 points	0.16%	0.18%
Paychex IncPAYX	QYLD +0.03 points	0.15%	0.18%
Strategy IncMSTR	QYLD +0.03 points	0.18%	0.21%
Workday Inc-Class AWDAY	QYLD +0.03 points	0.15%	0.18%
Old Dominion Freight LineODFL	QYLD +0.02 points	0.14%	0.16%
Take-Two Interactive SoftwreTTWO	QYLD +0.02 points	0.14%	0.16%
Nebius Group NVNBIS	QYLD +0.03 points	0.14%	0.17%
Ge Healthcare TechnologyGEHC	QYLD +0.03 points	0.13%	0.16%
Axon Enterprise IncAXON	QYLD +0.03 points	0.13%	0.16%
Rocket Lab CorpRKLB	QYLD +0.02 points	0.13%	0.15%
Dexcom IncDXCM	QYLD +0.02 points	0.12%	0.14%
Copart IncCPRT	QYLD +0.02 points	0.11%	0.13%
Coreweave Inc-Cl ACRWV	QYLD +0.01 points	0.10%	0.11%

All 107 IQQQ holdings⁠All 102 QYLD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IQQQ vs QYLD Cost

Overpaying QYLD vs IQQQ

$913

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IQQQ 0.55%
$10,904
QYLD 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

IQQQ 0.55%
QYLD 0.60%
Overpaying

Year by year

Year	IQQQ	QYLD	Overpaying
10	$988	$1,076	$88
20	$3,790	$4,116	$326
30	$10,904	$11,817	$913

Expense ratio

0.55%IQQQ, cheaper
0.60%QYLD

IQQQ0.55%QYLD0.60%

0.00%1.20%

Middle half of Nasdaq-100 Option Income funds
Median 0.71%

IQQQ 9th cheapest of 30 funds

QYLD 10th cheapest of 30 funds

IQQQ vs QYLD Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IQQQ 7.18%; QYLD 12.11%, better
Payout (12M): IQQQ $3.21; QYLD $2.14
Last payment: IQQQ $0.23; QYLD $0.18
Ex-dividend: IQQQ Nov 2, 2026; QYLD Oct 19, 2026
Paid on: IQQQ Pays Nov 6, 2026; QYLD Oct 22, 2026
Frequency: IQQQ Monthly; QYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

IQQQMonthly · 31 paymentsAll IQQQ payments⁠

QYLDMonthly · 46 paymentsAll QYLD payments⁠

IQQQ vs QYLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IQQQ 16.7%since Apr 2024QYLD 8.1%
Return per unit of riskSharpe ratio, 3 years: IQQQ 0.65since Apr 2024QYLD 1.31
Worst fallMax drawdown, 5 years: IQQQ −20.4%since Mar 2024QYLD −24.6%
Market sensitivityBeta, 5 years: IQQQ 1.16QYLD 0.48; Market = 1

IQQQ and QYLD in the news

All news⁠

Category Review
The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points
Updated Oct 2, 2026QYLD
Income Watch
A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%
Sep 20, 2026QYLD

Popular comparisons

IQQQBvsGPIQA
ProShares Nasdaq-100 High Income ETF · Goldman Sachs Nasdaq-100 Premium Income ETF
Expense ratio
0.55% · 0.29%
Category
QYLDAvsGPIQA
Global X Nasdaq 100 Covered Call ETF · Goldman Sachs Nasdaq-100 Premium Income ETF
Expense ratio
0.60% · 0.29%
Category
IQQQBvsQQAA
ProShares Nasdaq-100 High Income ETF · Invesco QQQ Income Advantage ETF
Expense ratio
0.55% · 0.29%
Category
QYLDAvsQQAA
Global X Nasdaq 100 Covered Call ETF · Invesco QQQ Income Advantage ETF
Expense ratio
0.60% · 0.29%
Category
IQQQBvsJEPQA
ProShares Nasdaq-100 High Income ETF · JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio
0.55% · 0.35%
Category
QYLDAvsJEPQA
Global X Nasdaq 100 Covered Call ETF · JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio
0.60% · 0.35%
Category