Derivative & Option Income Screener

Covered Call ETFs 2026

Explore premier covered call ETFs. Screen option-income strategies writing call options on major equity benchmarks to generate high monthly cash distributions with lower portfolio volatility.

Total Funds

Covered Call ETFs tracked

Total AUM

$168.93B

Combined assets under management

Median Yield

10.34%

Trailing 12-month median payout

Average Expense Ratio

0.56%

Lowest fee starts at 0.25% (IVVW)

Covered Call ETFs Highlights & Top Assets by AUM

Largest by AUM

JEP

JEPI

JPMorgan Equity Premium Income ETF

AUM $45.97B

Fee 0.35%

3-Mo TR +3.1%

JPMorgan Chase Analyze fund

#2 by AUM

JEP

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

AUM $44.29B

Fee 0.35%

3-Mo TR +1.5%

JPMorgan Chase Analyze fund

#3 by AUM

QQQ

QQQI

NEOS Nasdaq-100 High Income ETF

AUM $15.34B

Fee 0.68%

3-Mo TR +0.3%

Neos Investments LLC Analyze fund

Covered Call ETFs Directory

Showing 1–20 of 26 funds

Ticker / Fund Name	Issuer	Segment	AUM	Expense Ratio	3-Mo TR	Div. Yield (TTM)	Annual Payout	5Y Div Growth	Div Streak	Action
JEP JEPI JPMorgan Chase JPMorgan Equity Premium Income ETF	JPMorgan Chase	Large-cap stocks (US)	$45.97B	0.35%	+3.1%	8.15%	$4.58	2.14%	1 y	Analyze
JEP JEPQ JPMorgan Chase JPMorgan Nasdaq Equity Premium Income ETF	JPMorgan Chase	Large-cap stocks (US)	$44.29B	0.35%	+1.5%	11.04%	$6.76	-	3 y	Analyze
QQQ QQQI Neos Investments LLC NEOS Nasdaq-100 High Income ETF	Neos Investments LLC	Large-cap stocks (US)	$15.34B	0.68%	+0.3%	13.69%	$7.61	-	1 y	Analyze
SPY SPYI Neos Investments LLC NEOS S&P 500 High Income ETF	Neos Investments LLC	Large-cap stocks (US)	$12.57B	0.68%	+3.1%	10.92%	$5.81	-	3 y	Analyze
QYL QYLD Mirae Asset Global Investments Co., Ltd. Global X NASDAQ 100 Covered Call ETF	Mirae Asset Global Investments Co., Ltd.	Large-cap stocks (US)	$8.41B	0.60%	+4.5%	11.43%	$2.12	-5.60%	2 y	Analyze
DIV DIVO Amplify Investments Amplify CWP Enhanced Dividend Income ETF	Amplify Investments	Large-cap stocks (US)	$8.09B	0.56%	+4.1%	6.08%	$2.83	12.28%	3 y	Analyze
GPI GPIQ Goldman Sachs Goldman Sachs Nasdaq-100 Core Premium Income ETF	Goldman Sachs	Large-cap stocks (US)	$6.42B	0.29%	-0.1%	9.86%	$5.71	-	2 y	Analyze
GPI GPIX Goldman Sachs Goldman Sachs S&P 500 Premium Income ETF	Goldman Sachs	Large-cap stocks (US)	$6.38B	0.29%	+2.8%	8.16%	$4.56	-	2 y	Analyze
XYL XYLD Mirae Asset Global Investments Co., Ltd. Global X Funds - Global X S&P 500 Covered Call ETF	Mirae Asset Global Investments Co., Ltd.	Large-cap stocks (US)	$3.39B	0.60%	+3.1%	10.41%	$4.32	3.02%	1 y	Analyze
KNG KNG First Trust FT Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF	First Trust	S&P 500 income strategy (US)	$3.35B	0.74%	+4.5%	8.59%	$4.14	16.48%	-	Analyze
FTH FTHI First Trust First Trust BuyWrite Income ETF	First Trust	Broad-market stocks (US)	$2.58B	0.75%	+0.5%	8.21%	$1.94	18.34%	4 y	Analyze
TLT TLTW BlackRock, Inc. iShares Trust - iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	BlackRock, Inc.	Investment-grade Treasury bonds, long duration (US)	$1.58B	0.35%	-0.1%	7.76%	$1.57	-	-	Analyze
BAL BALI BlackRock, Inc. Blackrock Advantage Large Cap Income ETF	BlackRock, Inc.	Large-cap stocks (US)	$1.55B	0.35%	+3.1%	7.45%	$2.57	-	2 y	Analyze
BUY BUYW Main Management Main Buywrite ETF	Main Management	Broad-market stocks (global)	$1.48B	0.99%	+1.5%	5.46%	$0.79	-	3 y	Analyze
RYL RYLD Mirae Asset Global Investments Co., Ltd. Global X Russell 2000 Covered Call	Mirae Asset Global Investments Co., Ltd.	Small-cap stocks (US)	$1.29B	0.60%	-2.2%	12.10%	$1.87	-9.26%	1 y	Analyze
ISP ISPY ProShare Advisors LLC ProShares S&P 500 High Income ETF	ProShare Advisors LLC	Large-cap stocks (US)	$1.17B	0.55%	+0.9%	5.24%	$2.50	-	-	Analyze
FTQ FTQI First Trust First Trust Nasdaq BuyWrite Income ETF	First Trust	Large-cap stocks (US)	$1.03B	0.75%	+1.7%	10.28%	$2.28	31.04%	-	Analyze
IAU IAUI Neos Investments LLC NEOS Gold High Income ETF	Neos Investments LLC	Gold (commodity)	$664.78M	0.79%	-2.8%	12.93%	$6.25	-	1 y	Analyze
IGL IGLD First Trust FT Cboe Vest Gold Target Income ETF	First Trust	Gold income strategy (global)	$592.04M	0.85%	-3.1%	23.57%	$4.79	44.09%	1 y	Analyze
WTP WTPI WisdomTree, Inc. WisdomTree Equity Premium Income Fund ETF	WisdomTree, Inc.	Large-cap stocks (US)	$564.38M	0.44%	+2.9%	12.13%	$3.98	60.49%	3 y	Analyze
IQQ IQQQ ProShare Advisors LLC ProShares Nasdaq-100 High Income ETF	ProShare Advisors LLC	Large-cap stocks (US)	$396.46M	0.55%	-2.6%	5.77%	$2.82	-	1 y	Analyze
PBP PBP Invesco Invesco S&P 500 BuyWrite ETF	Invesco	Large-cap stocks (US)	$393.36M	0.29%	+3.1%	10.16%	$2.37	11.00%	1 y	Analyze
SLV SLVO UBS UBS ETRACS Silver Shares Covered Call ETN	UBS	Silver (commodity)	$389.22M	0.65%	-2.3%	35.24%	$22.79	-	1 y	Analyze
IVV IVVW BlackRock, Inc. IVVW	BlackRock, Inc.	Large-cap stocks (US)	$352.04M	0.25%	+4.0%	16.20%	$7.36	-	1 y	Analyze
LQD LQDW BlackRock, Inc. iShares Trust - iShares Investment Grade Corporate Bond BuyWrite Strategy ETF	BlackRock, Inc.	Investment-grade corporate bonds (US)	$350.83M	0.34%	-0.1%	11.15%	$2.53	-	-	Analyze
USO USOI UBS UBS ETRACS Crude Oil Shares Covered Call ETNs	UBS	Crude oil (commodity)	$337.84M	0.85%	+16.1%	45.88%	$20.40	-	1 y	Analyze

Risk note: High distribution yields can include return of capital and are not guaranteed. Option-income funds typically cap upside and can lose value.

Data as of November 2026. Ranked by AUM. This list was compiled by the Snowball Analytics team from publicly available sources. It may be incomplete, and figures may be delayed or contain errors; check them against the fund’s or company’s own documents. Inclusion in the list is not a recommendation to buy, sell or hold any security and is not investment advice. Past performance does not predict future results. This list is general information, not personalised to your circumstances. Snowball Analytics is a portfolio tracking tool, not a broker-dealer or investment adviser. Investing involves risk, including loss of principal.

Understanding Covered Call ETFs: Options Premium & Yield Generation

Covered Call ETFs hold a basket of underlying equities or replicate a major benchmark (such as the S&P 500 or Nasdaq-100) while selling call options against those positions. The collected option premiums fund exceptionally high monthly cash distributions.

Core Strategies & Segment Breakdowns

Active Equity Premium Income

Funds like JEPI and JEPQ hold low-beta equities and write out-of-the-money equity-linked notes (ELNs) to balance income with modest capital growth.

At-The-Money Index Overwriting

Strategies like QYLD and XYLD selling at-the-money 100% covered calls to maximize immediate option premiums at the expense of upside participation.

Collared & Buffer Option Overlays

Funds writing calls while purchasing protective puts to establish defined risk boundaries and protect against bear market drawdowns.

How to Evaluate Covered Call ETFs (Investor Checklist)

Recognize the Upside Cap Trade-Off: Selling call options caps capital appreciation during strong bull runs while providing only modest downside buffer through collected premiums.
Scrutinize Distribution Composition: Verify whether monthly distributions are classified as ordinary income, return of capital (ROC), or capital gains for tax planning.
Evaluate Total Return over Headline Yield: A 12% distribution yield can result in negative total return if net asset value (NAV) steadily erodes over time.

Frequently Asked Questions About Covered Call ETFs

How do covered call ETFs generate yields above 8%-12%?

These funds generate high cash yields primarily from option premiums collected by selling call options against underlying stocks, which are paid out monthly alongside dividend income.

What happens to a covered call ETF in a sharp bull market?

In a sharp rally, the fund's capital appreciation is capped at the strike price of the sold call options, causing it to substantially lag standard market-cap indices.

Which Covered Call ETFs currently have the highest AUM?

In this category, JPMorgan Equity Premium Income ETF (JEPI) leads with over $45.97B in Assets Under Management, offered by JPMorgan Chase.

How do JEPI and QYLD differ in option strategy?

QYLD writes 100% at-the-money calls on the Nasdaq-100, capping all upside, whereas JEPI selects defensive equities and writes out-of-the-money call notes, allowing partial capital growth.

How can I track my Covered Call ETFs with Snowball Analytics?

Snowball Analytics connects directly to your brokerage accounts to automatically track dividend payouts, calculate time-weighted and money-weighted returns (TWR and IRR) against benchmarks, model sector weighting, and monitor risk metrics across all your Covered Call ETFs holdings in one unified portfolio dashboard.

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