Top 10 Covered Call ETFs for Consistent Fixed Income and High Yields
Covered Call ETFs for Income-Focused Investors
Covered call ETFs combine stock exposure with option income. These funds aim to generate monthly payouts by selling calls on held positions, offering a second income stream on top of dividends. While they may limit upside during strong rallies, they remain attractive for those who prioritize steady cash flow. Below are ten ETFs that reflect different approaches across market segments.
JEPI – JPMorgan Equity Premium Income ETF
ISIN: US46641Q8374
Focuses on low-volatility stocks with income through equity-linked notes. A core position for those seeking consistent payouts.
View on Yahoo FinanceJEPQ – JPMorgan Nasdaq Equity Premium Income ETF
ISIN: US46641Q3327
Targets tech-heavy Nasdaq stocks while generating monthly income through call options.
View on Yahoo FinanceQYLD – Global X NASDAQ 100 Covered Call ETF
ISIN: US37954Y5373
Applies the covered call strategy directly on the Nasdaq 100, offering one of the highest yields in the category.
View on Yahoo FinanceXYLD – Global X S&P 500 Covered Call ETF
ISIN: US37954Y4145
Offers broad market exposure through the S&P 500 with consistent monthly premiums.
View on Yahoo FinanceRYLD – Global X Russell 2000 Covered Call ETF
ISIN: US37954Y6363
Targets small-cap volatility to support a higher yield. Suitable for those open to short-term swings.
View on Yahoo FinanceDIVO – Amplify CWP Enhanced Dividend Income ETF
ISIN: US0321081027
Combines dividend-paying stocks with selective call writing. Strong balance sheets with enhanced cash flow.
View on Yahoo FinanceKNG – First Trust Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF
ISIN: US33740F8107
Invests in S&P Dividend Aristocrats with occasional options overlay. Appeals to income investors seeking quality.
View on Yahoo FinanceQQQI – NEOS Nasdaq-100 High Income ETF
ISIN: US64078K8742
Actively managed call strategy on Nasdaq-100 holdings with monthly high-yield distributions.
View on Yahoo FinanceSPYI – NEOS S&P 500 High Income ETF
ISIN: US64078K8882
Covered call overlay on large-cap S&P 500 names. Provides income with traditional equity exposure.
View on Yahoo FinanceIWMI – NEOS Russell 2000 High Income ETF
ISIN: US64078K8965
Uses Russell 2000 volatility to support high monthly yield. Designed for investors with higher risk tolerance.
View on Yahoo FinanceThese ten covered call ETFs offer different ways to generate monthly income—ranging from large-cap equity overlays to small-cap volatility strategies. FG Capital Advisors includes select covered call positions in our fixed income portfolio, which has returned over 26% annually, net of fees. Connect with us to explore how this structure might work within your broader portfolio.
