# QYLD alternatives: 8 similar ETFs compared

> ETFs similar to QYLD, closest first, with each fund's fee, what it tracks, and returns and worst drops on the same dates as QYLD. Updated daily.

The ETFs most like QYLD are XYLD, JEPQ and QQQI. XYLD, JEPQ and QQQI hold stocks plus call options sold on them, which trade some of the gains for extra income, like QYLD. GPIX costs less: 0.29% a year against 0.6%.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 17, 2026. Prices through October 16, 2026.

## Key points

- 8 funds can stand in for QYLD: 7 of the same kind and 1 related fund.
- QYLD charges 0.6% a year (about $60 on $10,000). The cheapest alternative here, VYM, charges 0.04%.
- XYLD moved most like QYLD: a daily correlation of 0.93 over about the last five years.
- Returns and drops for each pair use the same dates for both funds.

## QYLD alternatives at a glance

Each fund below can stand in for QYLD, 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.

| ETF | How close | Yearly fee | Fee on $10,000 | Tracks |
| --- | --- | --- | --- | --- |
| **QYLD** | This fund | 0.6% | $60 | Cboe NASDAQ-100 BuyWrite V2 Index |
| [XYLD](https://tactfolio.com/etf/xyld.md) | Same kind of fund | 0.6% | $60 | Cboe S&P 500 BuyWrite Index |
| [JEPQ](https://tactfolio.com/etf/jepq.md) | Same kind of fund | 0.35% | $35 | No index |
| [QQQI](https://tactfolio.com/etf/qqqi.md) | Same kind of fund | 0.68% | $68 | No index |
| [GPIX](https://tactfolio.com/etf/gpix.md) | Same kind of fund | 0.29% | $29 | No index |
| [SPYI](https://tactfolio.com/etf/spyi.md) | Same kind of fund | 0.68% | $68 | No index |
| [JEPI](https://tactfolio.com/etf/jepi.md) | Same kind of fund | 0.35% | $35 | No index |
| [DIVO](https://tactfolio.com/etf/divo.md) | Same kind of fund | 0.56% | $56 | No index |
| [VYM](https://tactfolio.com/etf/vym.md) | Related fund | 0.04% | $4 | FTSE High Dividend Yield Index |

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

## How QYLD and its alternatives did over the same dates

Each row measures the alternative and QYLD 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.

| ETF | Moves with QYLD | Per year | QYLD per year | Worst drop | QYLD worst drop | Since |
| --- | --- | --- | --- | --- | --- | --- |
| [XYLD](https://tactfolio.com/etf/xyld.md) | 0.93 | 7.9% | 8.5% | −33.5% | −24.8% | December 2013 |
| [JEPQ](https://tactfolio.com/etf/jepq.md) | 0.92 | 15.3% | 10.4% | −20.1% | −19.9% | May 2022 |
| [QQQI](https://tactfolio.com/etf/qqqi.md) | 0.92 | 18.2% | 14.2% | −20.0% | −19.1% | January 2024 |
| [GPIX](https://tactfolio.com/etf/gpix.md) | 0.88 | 22.5% | 17.0% | −17.5% | −19.1% | October 2023 |
| [SPYI](https://tactfolio.com/etf/spyi.md) | 0.88 | 14.7% | 14.6% | −16.5% | −19.1% | August 2022 |
| [JEPI](https://tactfolio.com/etf/jepi.md) | 0.77 | 11.1% | 10.8% | −13.7% | −24.6% | May 2020 |
| [DIVO](https://tactfolio.com/etf/divo.md) | 0.71 | 12.7% | 9.6% | −30.0% | −24.8% | December 2016 |
| [VYM](https://tactfolio.com/etf/vym.md) | 0.68 | 11.2% | 8.5% | −35.2% | −24.8% | December 2013 |

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 QYLD alternative, compared

### XYLD: Global X S&P 500 Covered Call ETF

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

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

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

Read the [XYLD fund page](https://tactfolio.com/etf/xyld.md) 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 QYLD tracks the Cboe NASDAQ-100 BuyWrite V2 Index.

It charges 0.35% a year, about $35 on $10,000, against $60 for QYLD. It held 110 stocks, against 102 for QYLD.

From May 2022 to October 2026, JEPQ returned about 15.3% a year and QYLD returned about 10.4% a year. Over about the last five years they moved together on most days (correlation 0.92).

Read the [JEPQ fund page](https://tactfolio.com/etf/jepq.md) 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 QYLD tracks the Cboe NASDAQ-100 BuyWrite V2 Index.

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

From January 2024 to October 2026, QQQI returned about 18.2% a year and QYLD returned about 14.2% a year. Over about the last five years they moved together on most days (correlation 0.92).

Read the [QQQI fund page](https://tactfolio.com/etf/qqqi.md) 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 QYLD tracks the Cboe NASDAQ-100 BuyWrite V2 Index.

It charges 0.29% a year, about $29 on $10,000, against $60 for QYLD. It held 492 stocks, against 102 for QYLD.

From October 2023 to October 2026, GPIX returned about 22.5% a year and QYLD returned about 17.0% a year. Over about the last five years they moved together on most days (correlation 0.88).

Read the [GPIX fund page](https://tactfolio.com/etf/gpix.md) 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 QYLD tracks the Cboe NASDAQ-100 BuyWrite V2 Index.

It charges 0.68% a year, about $68 on $10,000, against $60 for QYLD. It held 510 stocks, against 102 for QYLD.

From August 2022 to October 2026, SPYI returned about 14.7% a year and QYLD returned about 14.6% a year. Over about the last five years they moved together on most days (correlation 0.88).

Read the [SPYI fund page](https://tactfolio.com/etf/spyi.md) 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 QYLD tracks the Cboe NASDAQ-100 BuyWrite V2 Index.

It charges 0.35% a year, about $35 on $10,000, against $60 for QYLD. It held 135 stocks, against 102 for QYLD.

From May 2020 to October 2026, JEPI returned about 11.1% a year and QYLD returned about 10.8% a year. Over about the last five years they often moved together, but not always (correlation 0.77).

Read the [JEPI fund page](https://tactfolio.com/etf/jepi.md) 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 QYLD tracks the Cboe NASDAQ-100 BuyWrite V2 Index.

It charges 0.56% a year, about $56 on $10,000, against $60 for QYLD. It held 30 stocks, against 102 for QYLD.

From December 2016 to October 2026, DIVO returned about 12.7% a year and QYLD returned about 9.6% a year. Over about the last five years they often moved together, but not always (correlation 0.71).

Read the [DIVO fund page](https://tactfolio.com/etf/divo.md) 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 QYLD 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 QYLD. It held 593 stocks, against 102 for QYLD.

From December 2013 to October 2026, VYM returned about 11.2% a year and QYLD returned about 8.5% a year. Over about the last five years they often moved together, but not always (correlation 0.68).

Read the [VYM fund page](https://tactfolio.com/etf/vym.md) for its returns by year and worst drop.

## QYLD versions from other fund companies

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

- **J.P. Morgan Asset Management:** [JEPQ](https://tactfolio.com/etf/jepq.md), JPMorgan Nasdaq Equity Premium Income ETF (same kind of fund, 0.35% a year)
- **NEOS:** [QQQI](https://tactfolio.com/etf/qqqi.md), NEOS Nasdaq-100 High Income ETF (same kind of fund, 0.68% a year)
- **Goldman Sachs Asset Management:** [GPIX](https://tactfolio.com/etf/gpix.md), Goldman Sachs S&P 500 Premium Income ETF (same kind of fund, 0.29% a year)
- **Amplify ETFs:** [DIVO](https://tactfolio.com/etf/divo.md), Amplify CWP Enhanced Dividend Income ETF (same kind of fund, 0.56% a year)
- **Vanguard:** [VYM](https://tactfolio.com/etf/vym.md), 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 QYLD 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, QYLD 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 QYLD 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 XYLD, JEPQ or QQQI, are less likely to.

Ask a tax professional before you rely on this. Read the IRS rules in [Publication 550](https://www.irs.gov/publications/p550).

## Test QYLD 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](https://tactfolio.com/builder), add QYLD and XYLD, 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 QYLD. 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 QYLD 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 QYLD only on days both traded. Read [what a backtest simulates](https://tactfolio.com/docs/backtests.md) for more on these measures.

## Research and test it

- [S&P 500 index](https://tactfolio.com/learn/sp500-index): The S&P 500 tracks about 500 large US companies. Learn how stocks get in, how the index is weighted, how to invest in it, and how far it has fallen before.
- [What is an ETF](https://tactfolio.com/learn/what-is-an-etf): An ETF is a fund that trades like a stock. Learn how ETFs work, what they cost, the main types, and the risks, with SEC sources.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.
- [Backtesting](https://tactfolio.com/backtesting): Free backtesting software for stocks, ETFs, and crypto perps.

## Common questions

### What ETF is most similar to QYLD?

XYLD is the closest. XYLD also holds stocks plus call options sold on them, which trade some of the gains for extra income. It tracks the Cboe S&P 500 BuyWrite Index, while QYLD tracks the Cboe NASDAQ-100 BuyWrite V2 Index. Over about the last five years they moved together on most days.

### Is there a cheaper alternative to QYLD?

Yes. VYM charges 0.04% a year, GPIX charges 0.29% a year and JEPQ charges 0.35% a year, against 0.6% for QYLD. On $10,000 that is about $4 a year instead of $60.

### Is QYLD or XYLD better?

Neither is better for everyone. From December 2013 to October 2026, QYLD returned about 8.5% a year and XYLD returned about 7.9% a year. QYLD charges 0.6% a year and XYLD charges 0.6%. Past returns do not tell you what comes next.

### What if I had put $10,000 in QYLD 10 years ago?

It would have grown to about $25,470 by October 16, 2026, with dividends reinvested. That is about 9.8% a year. Past returns do not tell you what comes next.

## Sources

- [Global X (Mirae Asset): Global X NASDAQ 100 Covered Call ETF fund page](https://www.globalxetfs.com/funds/qyld/)
- [Global X (Mirae Asset): Global X S&P 500 Covered Call ETF fund page](https://www.globalxetfs.com/funds/xyld/)
- [J.P. Morgan Asset Management: JPMorgan Nasdaq Equity Premium Income ETF fund page](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-nasdaq-equity-premium-income-etf-etf-shares-46654q203)
- [NEOS: NEOS Nasdaq-100 High Income ETF fund page](https://neosfunds.com/qqqi/)
- [Goldman Sachs Asset Management: Goldman Sachs S&P 500 Premium Income ETF fund page](https://www.sec.gov/Archives/edgar/data/1479026/000119312526192959/d56481d497k.htm)
- [NEOS: NEOS S&P 500 High Income ETF fund page](https://neosfunds.com/spyi/)
- [J.P. Morgan Asset Management: JPMorgan Equity Premium Income ETF fund page](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-equity-premium-income-etf-etf-shares-46641q332)
- [Amplify ETFs: Amplify CWP Enhanced Dividend Income ETF fund page](https://amplifyetfs.com/divo/)
- [Vanguard: Vanguard High Dividend Yield ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/vym)
- [IRS Publication 550: wash sales](https://www.irs.gov/publications/p550)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.