Which NASDAQ Income ETF is Best?

At a 30,000 foot view, all of these funds look the same. They're all based on the NASDAQ 100. They all use some sort of derivative income strategy. They all pay monthly income. So, at that level, they all look pretty similar, but it's really a function of the mechanics of how it overlays that covered call strategy and how much options exposure it's going to use.

Jeep Q and QQA use ELNs to get their exposure. So, there's some counterparty strategy in and the banks that issue those notes. So, that's a little bit of a unique twist on it. GPIQ uses more of a traditional covered call strategy, and it's only overlaying about 25 to 75% of the portfolio.

So, it can actually change according to conditions. It can add exposure, take away exposure depending on how the managers feel. So, because it doesn't go full bore 100%, it actually has more upside than the other ones.

So, based on that, I think I'm going to go with GPIQ again as the winner in this category. I think it's just a nice straightforward strategy. It doesn't get into some of the other things, like using ELNs or other things like that to overlay its strategy. It's just a cleaner way to do it, and I like that it has a little more upside potential. So, I'm going to go with GPIQ in this.