ETF Comparison
QYLD vs QQQM: Which Is the Better Pick in 2026?
A head-to-head comparison of Global X Nasdaq 100 Covered Call ETF and Invesco NASDAQ 100 ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| QYLD | QQQM | |
|---|---|---|
| Full name | Global X Nasdaq 100 Covered Call ETF | Invesco NASDAQ 100 ETF |
| Issuer | Global X | Invesco |
| Price | $17.25 | $240.57 |
| Distribution yield | 11.62% | 0.50% |
| Expense ratio | 0.60% | 0.15% |
| AUM | $8.3B | $70.7B |
| Distribution frequency | Monthly | Quarterly |
| Underlying index | NASDAQ 100 | NASDAQ-100 Index |
| Objective | Covered Call | Track the NASDAQ-100 Index with a lower expense ratio alternative to QQQ. |
| Asset class | Equity | Equity |
| Inception date | 12/11/2013 | 10/13/2020 |
| Beta | 0.51 | 1.15 |
| Last dividend | $0.17 | $0.33 |
| Ex-dividend date | 03/23/2026 | 03/23/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
QYLD (Global X Nasdaq 100 Covered Call ETF) and QQQM (Invesco NASDAQ 100 ETF) are both popular monthly-pay covered call ETFs, but they take different approaches.
QYLD offers the higher yield at 11.62% vs 0.50% for QQQM. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
QQQM is cheaper with an expense ratio of 0.15% compared to 0.60%.
They track different benchmarks: QYLD is linked to NASDAQ 100 while QQQM tracks NASDAQ-100 Index, which means their performance drivers differ.
QQQM is the larger fund by assets ($70.7B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, QYLD would generate roughly $96.83/month while QQQM would produce $4.17/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, QYLD would cost approximately $600 in fees vs $150 for QQQM (simplified, not compounded). The $450.00 difference may be offset by yield or performance.
Strategy & risk
QYLD tracks NASDAQ 100 with a covered call approach, while QQQM tracks NASDAQ-100 Index using a track the nasdaq-100 index with a lower expense ratio alternative to qqq. strategy. Beta is 0.51 for QYLD and 1.15 for QQQM, indicating QYLD is less volatile relative to the market.
Fund details
QYLD is managed by Global X (launched 12/11/2013) with $8.3B in assets. QQQM is managed by Invesco (launched 10/13/2020) with $70.7B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is QYLD or QQQM better for dividend income?
It depends on your goals. QYLD currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between QYLD and QQQM?
QYLD (Global X Nasdaq 100 Covered Call ETF) tracks NASDAQ 100 with a covered call strategy, while QQQM (Invesco NASDAQ 100 ETF) tracks NASDAQ-100 Index with a track the nasdaq-100 index with a lower expense ratio alternative to qqq. approach. They are issued by Global X and Invesco respectively.
Can I hold both QYLD and QQQM?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, QYLD or QQQM?
QYLD has an expense ratio of 0.60% while QQQM charges 0.15%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in QYLD vs QQQM generate?
At current yields, $10,000 in QYLD would generate roughly $96.83 per month ($1,162.00 annually). The same in QQQM would produce about $4.17 per month ($50.00 annually).
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