What is the difference between covered call ETF and dividend ETF?

Covered call ETFs generate distribution income from option premium plus dividends, while dividend ETFs mainly rely on stock dividends. Covered call ETFs may have capped upside in strong bull markets.

Why can covered call ETF yield look very high?

The payout can include option premium and return of capital (ROC), not only dividends. Check total return, NAV trend, and fee structure together instead of yield alone.

US COVERED CALLMONTHLY INCOME ETF

US Covered Call ETFs

Compare yield, fees, and AUM for popular covered call ETFs.

US Covered Call ETF List

Key covered call and YieldMax ETF metrics sourced from Yahoo Finance

ETF	Distribution/Dividend Yield	Expense Ratio	AUM
YieldMax SQ Option Income Strategy ETF SQY	225.39%	-	$59.67M
Global X Russell 2000 Covered Call ETF RYLD	11.69%	-	$1.34B
Global X Nasdaq 100 Covered Call ETF QYLD	11.65%	-	$8.41B
Global X S&P 500 Covered Call ETF XYLD	10.62%	-	$3.17B
JPM Equity Premium Income ETF JEPI	0.00%	-	$44.59B
JPM Nasdaq Equity Premium Income ETF JEPQ	0.00%	-	$39.63B
Amplify CWP Enhanced Dividend Income ETF DIVO	0.00%	-	$7.11B
YieldMax ABNB Option Income Strategy ETF ABNY	0.00%	-	$5.39M
YieldMax AI Option Income Strategy ETF AIYY	0.00%	-	$30.30M
YieldMax NVDA Option Income Strategy ETF NVDY	0.00%	-	$1.45B
YieldMax MSTR Option Income Strategy ETF MSTY	0.00%	-	$1.29B
YieldMax COIN Option Income Strategy ETF CONY	0.00%	-	$422.52M
YieldMax PLTR Option Income Strategy ETF PLTY	0.00%	-	$391.86M
YieldMax TSLA Option Income Strategy ETF TSLY	0.00%	-	$900.04M
YieldMax AMZN Option Income Strategy ETF AMZY	0.00%	-	$272.61M
YieldMax BABA Option Income Strategy ETF BABO	0.00%	-	$16.93M
YieldMax BRK.B Option Income Strategy ETF BRKC	0.00%	-	$7.04M
YieldMax CRCO Option Income Strategy ETF CRCO	0.00%	-	-
YieldMax CVNA Option Income Strategy ETF CVNY	0.00%	-	$26.94M
YieldMax DIS Option Income Strategy ETF DISO	0.00%	-	$4.84M
YieldMax DKNG Option Income Strategy ETF DRAY	0.00%	-	-
YieldMax NFLX Option Income Strategy ETF NFLY	0.00%	-	$52.62M
YieldMax AMD Option Income Strategy ETF AMDY	0.00%	-	$367.33M
YieldMax AAPL Option Income Strategy ETF APLY	0.00%	-	$127.28M
YieldMax META Option Income Strategy ETF FBY	0.00%	-	$101.59M
YieldMax GME Option Income Strategy ETF GMEY	0.00%	-	-
YieldMax GOOGL Option Income Strategy ETF GOOY	0.00%	-	$298.09M
YieldMax HIMS Option Income Strategy ETF HIYY	0.00%	-	-
YieldMax HOOD Option Income Strategy ETF HOOY	0.00%	-	$110.22M
YieldMax JPM Option Income Strategy ETF JPO	0.00%	-	-
YieldMax MARA Option Income Strategy ETF MARO	0.00%	-	$82.58M
YieldMax Innovation Option Income Strategy ETF OARK	0.00%	-	$53.54M
YieldMax MRNA Option Income Strategy ETF MRNY	0.00%	-	$82.87M
YieldMax MSFT Option Income Strategy ETF MSFO	0.00%	-	$95.31M
YieldMax MSFT Option Income Strategy ETF (MSFY) MSFY	0.00%	-	$12.24M
YieldMax XOM Option Income Strategy ETF XOMO	0.00%	-	$25.30M
YieldMax Bitcoin Option Income Strategy ETF YBIT	0.00%	-	$54.23M
YieldMax Semiconductor Option Income Strategy ETF CHPY	0.00%	-	$1.02B
YieldMax AI & Tech Option Income Strategy ETF GPTY	0.00%	-	$123.84M
YieldMax Crypto Industry & Tech Option Income ETF LFGY	0.00%	-	$137.64M
YieldMax Strategic Metals & Mining Option Income ETF MINY	0.00%	-	-
YieldMax Gold Miners Option Income Strategy ETF GDXY	0.00%	-	$278.18M
YieldMax Dorsey Wright Featured 5 Income ETF FEAT	0.00%	-	$13.16M
YieldMax Dorsey Wright Hybrid 5 Income ETF FIVY	0.00%	-	$5.72M
YieldMax Nasdaq 100 0DTE Covered Call ETF QDTY	0.00%	-	$34.61M
YieldMax Russell 2000 0DTE Covered Call ETF RDTY	0.00%	-	$19.02M
YieldMax S&P 500 0DTE Covered Call ETF SDTY	0.00%	-	$28.94M
YieldMax Universe Fund of Option Income ETFs YMAX	0.00%	-	$450.20M
YieldMax Magnificent 7 Fund of Option Income ETFs YMAG	0.00%	-	$336.32M
YieldMax Short TSLA Option Income Strategy ETF CRSH	0.00%	-	$16.00M
YieldMax Short COIN Option Income Strategy ETF FIAT	0.00%	-	$35.89M
YieldMax Ultra Short Option Income Strategy ETF SLTY	0.00%	-	-
YieldMax Target 12 Big 50 Option Income ETF BIGY	0.00%	-	$37.82M
YieldMax MSTR Target 25 Option Income ETF MSST	0.00%	-	$3.75M
YieldMax Ultra Option Income Strategy ETF ULTY	0.00%	-	$872.34M

* Covered call ETF distributions can include option premium, dividends, and return of capital (ROC), so they differ from regular stock dividends.

How to analyze covered call ETFs

Use yield as a starting point only. Compare expense ratio, AUM, and total return trend together. For YieldMax products, monitor distribution stability and underlying volatility.

Dividend investing guide ETF directory Dividend Kings ranking