Income

Covered Call Income ETFs

These funds sell upside to manufacture yield. Distribution rates look spectacular, but total return trails the underlying in strong markets, so compare total return, not yield.

Theme performance

Equal-weighted across every fund in this objective

1Y: +11.8%
5Y ann.: +7.5%
10Y ann.: —
All-time ann.: —

Sort13 funds

JEPI

JPMorgan Equity Premium Income ETF

JPMorgan

Low-volatility equities plus written call options. Monthly income, capped upside.

Fee: 0.35%
AUM: $41.2B
Yield: 7.9%

1Y: +8.4%
5Y ann.: +10.4%
10Y ann.: —
Max ann.: —

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

JPMorgan

Same approach applied to the Nasdaq 100: higher yield, higher volatility.

Fee: 0.35%
AUM: $28.6B
Yield: 10.4%

1Y: +16.9%
5Y ann.: —
10Y ann.: —
Max ann.: —

QYLD

Global X Nasdaq 100 Covered Call ETF

Global X

Writes at-the-money calls on the whole portfolio: maximum income, capped upside.

Fee: 0.61%
AUM: $8.4B
Yield: 12.1%

1Y: +9.1%
5Y ann.: +6.9%
10Y ann.: —
Max ann.: —

SPYI

NEOS S&P 500 High Income ETF

NEOS

Holds the S&P 500 and runs a tax-efficient index call spread, aiming for high monthly income with some upside retained.

Fee: 0.68%
AUM: $4.6B
Yield: 12.0%

1Y: +14.1%
5Y ann.: —
10Y ann.: —
Max ann.: —

DIVO

Amplify CWP Enhanced Dividend Income ETF

Amplify

Quality dividend payers with tactical, selective call writing rather than full coverage.

Fee: 0.56%
AUM: $4.1B
Yield: 4.6%

1Y: +12.8%
5Y ann.: +11.6%
10Y ann.: —
Max ann.: —

XYLD

Global X S&P 500 Covered Call ETF

Global X

At-the-money calls written on the entire S&P 500 portfolio: high income, fully capped upside.

Fee: 0.60%
AUM: $2.9B
Yield: 10.1%

1Y: +8.4%
5Y ann.: +6.4%
10Y ann.: —
Max ann.: —

QQQI

NEOS Nasdaq-100 High Income ETF

NEOS

The same call-spread income approach applied to the Nasdaq 100.

Fee: 0.68%
AUM: $2.4B
Yield: 14.2%

1Y: +16.4%
5Y ann.: —
10Y ann.: —
Max ann.: —

RYLD

Global X Russell 2000 Covered Call ETF

Global X

Covered calls on small caps, where option premiums are richer and volatility higher.

Fee: 0.60%
AUM: $1.3B
Yield: 12.4%

1Y: +4.6%
5Y ann.: +2.1%
10Y ann.: —
Max ann.: —

GPIX

Goldman Sachs S&P 500 Core Premium Income ETF

Goldman Sachs

Actively writes calls on a portion of the portfolio, targeting income without giving up all upside.

Fee: 0.29%
AUM: $1.1B
Yield: 8.4%

1Y: +13.9%
5Y ann.: —
10Y ann.: —
Max ann.: —

GPIQ

Goldman Sachs Nasdaq-100 Core Premium Income ETF

Goldman Sachs

The Nasdaq-100 sibling of GPIX: active call writing on part of the book to keep some growth alongside monthly income.

Fee: 0.29%
AUM: $900M
Yield: 10.2%

1Y: +15.8%
5Y ann.: —
10Y ann.: —
Max ann.: —

ISPY

ProShares S&P 500 High Income ETF

ProShares

Writes daily, rather than monthly, S&P 500 calls to capture premium while keeping more upside.

Fee: 0.55%
AUM: $600M
Yield: 8.1%

1Y: +13.6%
5Y ann.: —
10Y ann.: —
Max ann.: —

FEPI

REX FANG & Innovation Equity Premium Income ETF

REX

Covered calls on a concentrated basket of roughly 15 mega-cap tech names.

Fee: 0.65%
AUM: $400M
Yield: 25.1%

1Y: +11.4%
5Y ann.: —
10Y ann.: —
Max ann.: —

RSPA

Invesco S&P 500 Equal Weight Income Advantage ETF

Invesco

Equal-weighted S&P 500 exposure with an options overlay, so income comes without the mega-cap concentration of cap-weighted buywrites.

Fee: 0.39%
AUM: $200M
Yield: 8.6%

1Y: +7.9%
5Y ann.: —
10Y ann.: —
Max ann.: —