QYLD vs YQQQ

QYLDAGlobal X Nasdaq 100 Covered Call ETF

YQQQFYieldMax Short N100 Option Income Strategy 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.

YQQQ Nearly every Nasdaq-100 income fund is long the index and sells calls. This one faces the other way: short exposure to the index, selling put spreads for weekly cash. Contrarian income, with capped upside.

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.

YQQQ The Fund seeks current income and, secondarily, inverse exposure to the Nasdaq 100 Index, with potential gains limited. It is actively managed and uses a synthetic covered-put/put-spread strategy rather than directly investing in the Index or its constituent companies.

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.

• YQQQ The rare inverse take in a cohort of long-the-index call sellers. It targets -1x exposure to the Nasdaq-100 while writing put spreads, with no margin account or share borrow needed.yieldmaxetfs.com
• Income comes from option premium rather than dividends, and the fund declares it weekly rather than quarterly.yieldmaxetfs.com
• Standard 1940 Act ETF plumbing and active management: a 1099 at tax time, not a K-1, and a manager choosing the strikes rather than a fixed rulebook.yieldmaxetfs.com

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.

• YQQQ Fees run 1.11% a year against a 0.68% median for Nasdaq-100 option income funds. Long-side peers such as JEPQ and GPIQ sit at 0.35%.
• The put spread caps the payoff: a Nasdaq-100 drop helps only up to the spread's limit, and the fund's own documents state gains are limited.yieldmaxetfs.com
• Payouts have included return of capital, so part of a distribution can be your own money coming back rather than strategy income.yieldmaxetfs.com

Full QYLD profile⁠

Full YQQQ profile⁠