QYLD vs ROCQ

QYLDAGlobal X Nasdaq 100 Covered Call ETF

ROCQBJPMorgan Nasdaq Equity Premium Yield ETF

In short

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.

ROCQ JPMorgan's newer Nasdaq income build: a data-driven basket of Nasdaq-listed stocks paired with sold call spreads, so upside is squeezed into a band rather than capped outright. Fee: 0.35% a year.

Stated mandate

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.

ROCQ ROCQ seeks current yield alongside capital appreciation and total return by investing in NASDAQ-listed stocks and selling call option spreads. Its long-equity portfolio uses a proprietary data-science-driven allocation approach and seeks lower volatility than the Nasdaq-100 Index.

Why people hold it

• 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.

• ROCQ Fee runs 0.35%, about half the typical Nasdaq options-income fund. Level with JEPQ, GPIQ and QYLG, and well under QYLD.
• Sells call spreads rather than plain covered calls: premium collected is smaller, but the upside handed away stops at the upper strike instead of running on.
• The stock side is not the index. Roughly 100 Nasdaq-listed names chosen by a data-science model that aims for lower volatility than the Nasdaq-100 itself.
• Sits in the upper half of a crowded Nasdaq options-income cohort, mostly on price and risk profile.

Worth knowing

• 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.

• ROCQ Launched in 2026, so the public record is short and risk readings lean on limited history.
• JPMorgan discloses that distributions can include return of capital, meaning part of a payout may be your own principal coming back.
• Trading is moderate rather than heavy for this category, so bid-ask spreads can sit wider than at the household-name Nasdaq income funds.

Full QYLD profile⁠

Full ROCQ profile⁠