XYLD alternatives and similar ETFs

XYLD alternatives at a glance#

Each fund below can stand in for XYLD, closest first. “Same kind” funds hold the same kind of stocks through a different index. “Related” funds make a different bet that often moves the same way.

Fees come from each fund company, checked on the dates shown on each fund’s page.

How XYLD and its alternatives did over the same dates#

Each row measures the alternative and XYLD on the days both traded, so neither gets a head start. Correlation shows how closely their daily moves matched over about the last five years. A value of 1 means they always moved together.

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

Each XYLD alternative, compared#

QYLD: Global X NASDAQ 100 Covered Call ETF#

QYLD also holds stocks plus call options sold on them, which trade some of the gains for extra income. It tracks the Cboe NASDAQ-100 BuyWrite V2 Index, while XYLD tracks the Cboe S&P 500 BuyWrite Index.

It charges 0.6% a year, about $60 on $10,000, against $60 for XYLD. It held 102 stocks, against 505 for XYLD.

From December 2013 to October 2026, QYLD returned about 8.5% a year and XYLD returned about 7.9% a year. Over about the last five years they moved together on most days (correlation 0.93).

Read the QYLD fund page for its returns by year and worst drop.

GPIX: Goldman Sachs S&P 500 Premium Income ETF#

GPIX also holds stocks plus call options sold on them, which trade some of the gains for extra income. It tracks no index (its managers pick what it holds), while XYLD tracks the Cboe S&P 500 BuyWrite Index.

It charges 0.29% a year, about $29 on $10,000, against $60 for XYLD. It held 492 stocks, against 505 for XYLD.

From October 2023 to October 2026, GPIX returned about 22.5% a year and XYLD returned about 15.4% a year. Over about the last five years they moved together on most days (correlation 0.90).

Read the GPIX fund page for its returns by year and worst drop.

SPYI: NEOS S&P 500 High Income ETF#

SPYI also holds stocks plus call options sold on them, which trade some of the gains for extra income. It tracks no index (its managers pick what it holds), while XYLD tracks the Cboe S&P 500 BuyWrite Index.

It charges 0.68% a year, about $68 on $10,000, against $60 for XYLD. It held 510 stocks, against 505 for XYLD.

From August 2022 to October 2026, SPYI returned about 14.7% a year and XYLD returned about 11.6% a year. Over about the last five years they moved together on most days (correlation 0.88).

Read the SPYI fund page for its returns by year and worst drop.

JEPQ: JPMorgan Nasdaq Equity Premium Income ETF#

JEPQ also holds stocks plus call options sold on them, which trade some of the gains for extra income. It tracks no index (its managers pick what it holds), while XYLD tracks the Cboe S&P 500 BuyWrite Index.

It charges 0.35% a year, about $35 on $10,000, against $60 for XYLD. It held 110 stocks, against 505 for XYLD.

From May 2022 to October 2026, JEPQ returned about 15.3% a year and XYLD returned about 8.0% a year. Over about the last five years they moved together on most days (correlation 0.86).

Read the JEPQ fund page for its returns by year and worst drop.

JEPI: JPMorgan Equity Premium Income ETF#

JEPI also holds stocks plus call options sold on them, which trade some of the gains for extra income. It tracks no index (its managers pick what it holds), while XYLD tracks the Cboe S&P 500 BuyWrite Index.

It charges 0.35% a year, about $35 on $10,000, against $60 for XYLD. It held 135 stocks, against 505 for XYLD.

From May 2020 to October 2026, JEPI returned about 11.1% a year and XYLD returned about 11.3% a year. Over about the last five years they moved together on most days (correlation 0.85).

Read the JEPI fund page for its returns by year and worst drop.

QQQI: NEOS Nasdaq-100 High Income ETF#

QQQI also holds stocks plus call options sold on them, which trade some of the gains for extra income. It tracks no index (its managers pick what it holds), while XYLD tracks the Cboe S&P 500 BuyWrite Index.

It charges 0.68% a year, about $68 on $10,000, against $60 for XYLD.

From January 2024 to October 2026, QQQI returned about 18.2% a year and XYLD returned about 13.4% a year. Over about the last five years they moved together on most days (correlation 0.85).

Read the QQQI fund page for its returns by year and worst drop.

DIVO: Amplify CWP Enhanced Dividend Income ETF#

DIVO also holds stocks plus call options sold on them, which trade some of the gains for extra income. It tracks no index (its managers pick what it holds), while XYLD tracks the Cboe S&P 500 BuyWrite Index.

It charges 0.56% a year, about $56 on $10,000, against $60 for XYLD. It held 30 stocks, against 505 for XYLD.

From December 2016 to October 2026, DIVO returned about 12.7% a year and XYLD returned about 8.4% a year. Over about the last five years they often moved together, but not always (correlation 0.79).

Read the DIVO fund page for its returns by year and worst drop.

VYM: Vanguard High Dividend Yield ETF#

VYM is a looser match. It holds US companies that pay high or steady dividends, while XYLD holds stocks plus call options sold on them, which trade some of the gains for extra income.

It charges 0.04% a year, about $4 on $10,000, against $60 for XYLD. It held 593 stocks, against 505 for XYLD.

From June 2013 to October 2026, VYM returned about 11.6% a year and XYLD returned about 8.5% a year. Over about the last five years they often moved together, but not always (correlation 0.77).

Read the VYM fund page for its returns by year and worst drop.

XYLD versions from other fund companies#

Some people keep all their funds with one company. Here is the closest fund to XYLD from each other company on this page:

• Goldman Sachs Asset Management: GPIX, Goldman Sachs S&P 500 Premium Income ETF (same kind of fund, 0.29% a year)
• NEOS: SPYI, NEOS S&P 500 High Income ETF (same kind of fund, 0.68% a year)
• J.P. Morgan Asset Management: JEPQ, JPMorgan Nasdaq Equity Premium Income ETF (same kind of fund, 0.35% a year)
• Amplify ETFs: DIVO, Amplify CWP Enhanced Dividend Income ETF (same kind of fund, 0.56% a year)
• Vanguard: VYM, Vanguard High Dividend Yield ETF (related fund, 0.04% a year)

Most brokers let you buy any ETF, whoever runs it. Mutual fund versions, such as a fund company’s index mutual fund, are not listed here.

How to choose between XYLD and its alternatives#

• What it tracks. A fund on the same index holds the same stocks. A different index can mean different weights, more or fewer holdings, or a different mix.
• The fee. The difference is often small. On $10,000, XYLD costs about $60 a year. VYM costs about $4.
• History. An older fund has been through more bad markets, so you can see how far it fell.
• What you already own. Two funds that move together add little variety. A fund with a low correlation behaves more on its own.

Swapping XYLD to harvest a tax loss#

Some investors sell a fund at a loss to lower their taxes, then buy a similar fund so they stay invested. This is called tax-loss harvesting.

The IRS wash sale rule blocks the loss if you buy a “substantially identical” security within 30 days before or after the sale. The IRS has not said exactly when two funds count. Funds on the same index are more likely to. Funds on a different index, such as QYLD, GPIX or SPYI, are less likely to.

Ask a tax professional before you rely on this. Read the IRS rules in Publication 550.

Test XYLD and its alternatives in a backtest#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add XYLD and QYLD, and see how each would have done on the same dates, or how a mix of both would have done.

The details#

Alternatives are picked from facts, not from returns. First come funds that track the same index as XYLD. Then come funds that hold the same kind of stocks through another index. Last come funds from a close category that make a different bet. Leveraged funds are only listed as alternatives to other leveraged funds.

Within each group, the funds whose daily returns moved most like XYLD over about the last five years come first. Returns and worst drops use Tactfolio’s stored daily prices, adjusted for splits, with dividends reinvested. Each alternative is measured with XYLD only on days both traded. Read what a backtest simulates for more on these measures.