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IQQQProShares Nasdaq-100 High Income ETF

Get income2y track recordRanked #688 of 1,650 in this goal

Tracks the performance of the Nasdaq-100 Daily Covered Call Index.

By ProShares · Launched 2024

Annual Cost

0.55%

#2,914 of 5,853 · average

Fund Size

$418M

#1,742 of 5,853 · large

Dividend YieldGoal

0.35%

Track Record

2 years

#3,401 of 5,853 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,973+19.7%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Nasdaq-100 Daily Covered Call Index

What it actually holds

By weight

Concentration

Top 10 holdings = 45.9% of fundmoderately concentrated

ProShares GENIUS Money Market ETF
8.3%
NVIDIA Corp.
7.2%
Apple, Inc.
6.5%
Microsoft Corp.
4.9%
Amazon.com, Inc.
3.8%
Tesla, Inc.
3.3%
Meta Platforms, Inc.
3.2%
Alphabet, Inc.
3.0%
Walmart, Inc.
2.9%
Alphabet, Inc.
2.8%

Asset allocation

Stocks
83.1%
Other
8.7%
Cash
8.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
18.5%Moderate

Year-on-year price swings

Max drawdown
-20.4%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Tracks the performance of the Nasdaq-100 Daily Covered Call Index.
Strategy
Invests in a covered call strategy combining a long position in the Nasdaq-100 Index with short positions in call options. Aims to generate high income with total return similar to the Nasdaq-100, utilizing swap agreements for exposure.
Inception date
March 18, 2024
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-02