Covered Call ETFs

Funds that sell call options against a stock index, a basket or a single stock to generate income. Popular names include JEPI, JEPQ, QYLD, XYLD and the YieldMax and Roundhill families. Distributions are high but variable, and upside is capped, so total return and consistency matter as much as yield.

63 securities Average yield 34.96% Updated Sep 8, 2026
Symbol Type Price TTM yield Annual / share Frequency Next ex-date 5y growth Streak Size Risk
JEPIJPMorgan Equity Premium Income ETF ETF $56.88 8.06% $4.583 Monthly Oct 1 Est. -0.1% 1 yr 46.2B 92/100 steady
JEPQJPMorgan Nasdaq Equity Premium Income ETF ETF $59.85 11.30% $6.765 Monthly Oct 1 Est. 2 yr 42.2B 86/100 steady
QYLDGlobal X NASDAQ 100 Covered Call ETF ETF $18.37 11.57% $2.126 Monthly Sep 21 Est. -4.1% 0 yr 8.3B 98/100 steady
XYLDGlobal X S&P 500 Covered Call ETF ETF $41.58 10.41% $4.329 Monthly Sep 21 Est. -2.0% 0 yr 3.3B 90/100 steady
RYLDGlobal X Russell 2000 Covered Call ETF ETF $16.21 11.58% $1.877 Monthly Sep 21 Est. -7.9% 0 yr 1.4B 97/100 steady
DIVOAmplify CWP Enhanced Dividend Income ETF ETF $47.90 6.27% $2.2185 Monthly Sep 27 Est. +2.7% 3 yr 7.9B 95/100 steady
SPYINeos S&P 500(R) High Income ETF ETF $53.65 11.81% $6.334 Monthly Sep 16 Est. 3 yr 11.7B 99/100 steady
QQQINEOS NASDAQ-100(R) High Income ETF ETF $54.70 13.98% $7.649 Monthly Sep 16 Est. 1 yr 14.3B 98/100 steady
GPIXGoldman Sachs S&P 500 Premium Income ETF ETF $55.82 8.17% $4.558 Monthly Oct 1 Est. 2 yr 5.6B 97/100 steady
GPIQGoldman Sachs Nasdaq-100 Premiu ETF $56.60 10.10% $5.715 Monthly Oct 1 Est. 2 yr 5.6B 95/100 steady
ISPYProShares S&P 500 High Income ETF ETF $48.20 5.20% $2.7924 Monthly Oct 1 Est. 0 yr 1.2B 66/100 steady
FEPIREX FANG & Innovation Equity Premium Income ETF ETF $42.67 25.04% $10.7259 Weekly Sep 9 Est. 0 yr 698.0M 97/100 steady
SVOLSimplify Volatility Premium ETF ETF $16.53 21.05% $3.48 Monthly Sep 25 Est. 1 yr 531.3M 97/100 steady
XDTERoundhill S&P 500 0DTE Covered Call Strategy ETF ETF $38.58 30.91% $8.0028 Weekly Sep 10 Est. 0 yr 339.8M 67/100 steady
QDTERoundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF ETF $28.83 45.13% $8.9811 Weekly Sep 10 Est. 1 yr 957.1M 72/100 steady
RDTERoundhill Russell 2000 0DTE Covered Call Strategy ETF ETF $27.83 43.05% $10.1251 Weekly Sep 10 Est. 1 yr 185.8M 81/100 steady
YMAXYieldMax Universe Fund of Option Income ETFs ETF $7.64 64.92% $4.3086 Weekly Sep 9 Est. 0 yr 384.9M 89/100 steady
YMAGYieldMax Magnificent 7 Fund of Option Income ETFs ETF $11.23 51.10% $5.2867 Weekly Sep 9 Est. 0 yr 295.2M 87/100 steady
ULTYYieldMax Ultra Option Income Strategy ETF ETF $26.33 100.53% $22.2862 Weekly Sep 9 Est. 0 yr 747.2M 92/100 steady
MSTYYieldmax MSTR Option Income Strategy ETF ETF $15.50 172.36% $11.5245 Weekly Sep 10 Est. 0 yr 952.2M 84/100 steady
TSLYYieldMax TSLA Option Income Strategy ETF ETF $22.80 93.69% $13.4648 Weekly Sep 10 Est. 0 yr 683.1M 86/100 steady
NVDYYieldMax NVDA Option Income Strategy ETF ETF $12.81 57.13% $6.2267 Weekly Sep 10 Est. 0 yr 1.4B 90/100 steady
CONYYieldMax COIN Option Income Strategy ETF ETF $20.14 140.61% $18.5427 Weekly Sep 10 Est. 0 yr 367.5M 87/100 steady
AMZYYieldMax AMZN Option Income Strategy ETF ETF $10.61 50.92% $4.4751 Weekly Sep 10 Est. 0 yr 236.6M 68/100 steady
APLYYieldMax AAPL Option Income Strategy ETF ETF $11.47 35.62% $3.9663 Weekly Sep 10 Est. 0 yr 96.7M 62/100 steady
FBYYieldMax META Option Income Strategy ETF ETF $8.61 57.19% $3.5731 Weekly Sep 10 Est. 0 yr 87.2M 63/100 steady
GOOYYieldMax GOOGL Option Income Strategy ETF ETF $12.00 52.21% $4.3403 Weekly Sep 10 Est. 0 yr 229.4M 91/100 steady
NFLYYieldMax NFLX Option Income Strategy ETF ETF $7.51 61.25% $3.4645 Weekly Sep 10 Est. 0 yr 39.2M 84/100 steady
MSFOYieldMax MSFT Option Income Strategy ETF ETF $12.08 40.41% $6.604 Weekly Sep 10 Est. 0 yr 107.8M 54/100 steady
PLTYYieldMax PLTR Option Income Strategy ETF ETF $34.95 87.97% $26.7475 Weekly Sep 10 Est. 0 yr 393.0M 54/100 steady
BITOProShares Bitcoin ETF ETF $10.54 30.44% $0.1425 Monthly Oct 1 Est. 0 yr 1.7B 0/100 steady
PBPInvesco S&P 500 BuyWrite ETF ETF $23.33 12.05% $2.4975 Monthly Sep 21 Est. +62.9% 4 yr 381.5M 56/100 steady
QYLGGlobal X Nasdaq 100 Covered Call & Growth ETF ETF $29.69 17.16% $2.316 Monthly Sep 21 Est. 0 yr 171.1M 77/100 steady
XYLGGlobal X S&P 500 Covered Call & Growth ETF ETF $29.51 12.87% $1.656 Monthly Sep 21 Est. 0 yr 62.0M 77/100 steady
KNGFT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF ETF $50.44 8.35% $4.214 Monthly Sep 20 Est. +17.5% 0 yr 3.4B 97/100 steady
DJIAGlobal X Dow 30 Covered Call ETF ETF $22.81 10.12% $1.837 Monthly Sep 21 Est. 0 yr 192.7M 74/100 steady
IDVOAmplify CWP International Enhanced Dividend Income ETF ETF $43.33 5.67% $2.456 Monthly Sep 27 Est. 3 yr 1.4B 94/100 steady
SMCYYieldMax SMCI Option Income Str ETF $5.50 131.56% $5.6559 Weekly Sep 10 Est. 0 yr 151.2M 85/100 steady
AMDYYieldMax AMD Option Income Strategy ETF ETF $44.98 78.47% $33.1523 Weekly Sep 10 Est. 0 yr 376.9M 77/100 steady
GDXYYieldMax Gold Miners Option Income Strategy ETF ETF $11.28 76.03% $7.6617 Weekly Sep 10 Est. 0 yr 323.3M 60/100 steady
SLVOUBS ETRACS Silver Shares Covered Call ETN ETF $69.95 65.25% $19.932 Monthly Sep 22 Declared -0.8% 2 yr 438.2M 42/100 steady
USOIUBS ETRACS Crude Oil Shares Covered Call ETN ETF $46.21 49.48% $29.388 Monthly Sep 22 Declared -9.9% 0 yr 307.0M 36/100 steady
MRNYYieldMax MRNA Option Income Strategy ETF ETF $32.51 48.84% $33.124 Weekly Sep 10 Est. 0 yr 132.1M 60/100 steady
CHPYYieldMax Semiconductor Portfolio Option Income ETF ETF $68.04 39.40% $26.811 Weekly Sep 9 Est. 0 yr 1.2B 86/100 steady
GPTYYieldMax AI & Tech Portfolio Option Income ETF ETF $43.22 36.67% $15.85 Weekly Sep 9 Est. 0 yr 132.1M 90/100 steady
AIPIREX AI Equity Premium Income ETF ETF $37.17 34.81% $12.844 Weekly Sep 9 Est. 0 yr 441.3M 97/100 steady
QQQYDefiance Nasdaq 100 Target 30 Weekly Distribution ETF ETF $22.33 34.61% $6.9472 Weekly Sep 10 Est. 0 yr 189.2M 97/100 steady
GLDIUBS ETRACS Gold Shares Covered Call ETN ETF $149.50 25.05% $20.628 Monthly Sep 22 Declared +11.4% 2 yr 176.9M 61/100 steady
SPYTDefiance S&P 500 Target Income ETF $17.14 20.87% $3.577 Monthly Oct 1 Est. 0 yr 161.8M 95/100 steady
TSPYTappAlpha SPY Growth & Daily Income ETF ETF $25.35 14.07% $3.568 Monthly Sep 29 Est. 1 yr 324.7M 98/100 steady
IWMINEOS Russell 2000 High Income ETF ETF $51.98 13.92% $7.237 Monthly Sep 16 Est. 0 yr 1.2B 97/100 steady
YYYAmplify CEF High Income ETF CEF $11.12 12.95% $1.44 Monthly Sep 27 Est. -1.5% 0 yr 740.0M 100/100 steady
LQDWiShares Investment Grade Corporate Bond Buywrite Strategy ETF ETF $23.17 11.60% $2.689 Monthly Oct 2 Est. 0 yr 319.7M 75/100 steady
FTQIFirst Trust Nasdaq BuyWrite Income ETF ETF $22.10 11.19% $2.472 Monthly Sep 20 Est. +30.2% 4 yr 962.8M 96/100 steady
TLTWiShares 20+ Year Treasury Bond Buywrite Strategy ETF ETF $21.20 10.58% $2.064 Monthly Oct 2 Est. 0 yr 1.8B 65/100 steady
HYGWiShares High Yield Corporate Bond Buywrite Strategy ETF ETF $28.76 10.47% $2.6496 Monthly Oct 2 Est. 0 yr 112.3M 68/100 steady
NUSINEOS Nasdaq-100 Hedged Equity Income ETF ETF $54.42 9.01% $4.9035 Monthly Sep 23 Est. +2.8% 3 yr 323.8M 98/100 steady
FTHIFirst Trust BuyWrite Income ETF ETF $23.93 8.80% $2.107 Monthly Sep 20 Est. +17.0% 4 yr 2.5B 98/100 steady
BALIiShares U.S. Large Cap Premium Income Active ETF ETF $34.47 7.78% $2.683 Monthly Oct 1 Est. 1 yr 1.4B 80/100 steady
BUYWMain Buywrite ETF ETF $14.60 5.90% $0.861 Monthly Sep 24 Est. 3 yr 1.3B 99/100 steady
IQQQProShares Nasdaq-100 High Income ETF ETF $48.29 5.84% $2.82 Monthly Oct 1 Est. 0 yr 406.8M 58/100 steady
SIXHETC 6 Meridian Hedged Equity-Index Option Strategy ETF ETF $44.58 1.74% $0.168 Monthly Sep 25 Est. +10.9% 1 yr 603.2M 54/100 steady
HEQTSimplify Hedged Equity ETF ETF $34.38 1.16% $0.40 Quarterly Sep 24 Est. 0 yr 302.4M 90/100 steady

Members come from a curated seed list plus a data rule (tag: covered-call, min size: 100000000, limit: 100). Sorted by trailing yield; click any column to re-sort.

FAQ

How do covered call ETFs pay such high yields?

They collect option premiums on top of any dividends the underlying holdings pay and distribute that cash. In volatile markets premiums are higher, which is why distributions rise and fall.

What is NAV erosion?

When a fund distributes more than it earns in total return, its net asset value drifts lower over time. Our fund pages show the 1-year price return next to the distribution yield so you can see both halves of the picture.

Are covered call ETF distributions taxed as dividends?

Often a large share is classified as return of capital, which is not taxed immediately but lowers your cost basis. Treatment varies by fund and year; check the fund's tax documents or ask a tax professional.

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