High-Yield Covered Call ETFs

Generate exceptional monthly income through ultra-high yield covered call and options income strategies. Access professional options management with yields ranging from 12% to 65%+ annually.

Ultra-High YieldsMonthly DistributionsOptions StrategiesProfessional Management

High Risk - High Reward Strategy

High-yield covered call ETFs carry significant risks: These strategies can result in substantial capital losses while generating high income. Ultra-high yields are not guaranteed and may vary dramatically based on market conditions.

  • Potential for significant principal loss despite high income
  • Limited upside participation in bull markets
  • Distribution yields are not guaranteed and may fluctuate
  • Complex options strategies may not be suitable for all investors
  • Single stock strategies carry concentration risk

Top High-Yield Covered Call ETFs

Most popular ultra-high yield options income strategies

MSTY

YieldMax

Very High Risk
Monthly
65%+
Target Yield

YieldMax MSTR Option Income Strategy ETF

Focus: MicroStrategy (MSTR)

Ultra-high yield strategy on MicroStrategy stock for Bitcoin exposure

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SPYI

NEOS

Moderate Risk
Monthly
12.15%
Target Yield

NEOS S&P 500 High Income ETF

Focus: S&P 500 Index

Tax-efficient high income strategy on the S&P 500

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ULTY

YieldMax

Very High Risk
Monthly
45%+
Target Yield

YieldMax Ultra Option Income Strategy ETF

Focus: Multiple Growth Stocks

Diversified ultra-high yield strategy across growth stocks

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QQQI

NEOS

Moderate-High Risk
Monthly
14.65%
Target Yield

NEOS Nasdaq-100 High Income ETF

Focus: Nasdaq-100 Index

High income strategy on Nasdaq-100 tech stocks

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NVDY

YieldMax

Very High Risk
Monthly
40%+
Target Yield

YieldMax NVDA Option Income Strategy ETF

Focus: NVIDIA (NVDA)

Options income strategy on NVIDIA for AI exposure

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TSLY

YieldMax

Very High Risk
Monthly
35%+
Target Yield

YieldMax TSLA Option Income Strategy ETF

Focus: Tesla (TSLA)

High-yield options strategy on Tesla stock

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High-Yield ETF Providers

Leading companies specializing in ultra-high yield options strategies

YieldMax

9+ ETFs

25-65%+
Yield Range

Ultra-high yield single stock options strategies

Speciality: Single Stock Focus
Very High
View all YieldMax ETFs

NEOS

4 ETFs

12-18%
Yield Range

Tax-efficient high income index strategies

Speciality: Index-Based
Moderate-High
View all NEOS ETFs

Defiance

4+ ETFs

Variable
Yield Range

Innovative thematic and leveraged strategies

Speciality: Thematic/Leveraged
High-Very High
View all Defiance ETFs

Roundhill

4+ ETFs

0.5-1.5%
Yield Range

Sports betting, gaming & entertainment

Speciality: Entertainment Themes
High
View all Roundhill ETFs

High-Yield Strategy Comparison

Strategy TypeTypical YieldRisk LevelBest ForExamples
Single Stock Options25-65%+Very HighTactical IncomeMSTY, NVDY, TSLY
Index Options12-18%Moderate-HighCore IncomeSPYI, QQQI, IWMI
Multi-Stock Options30-50%Very HighDiversified High IncomeULTY, YMAX
Traditional Covered Calls7-12%ModerateConservative IncomeJEPI, JEPQ, QYLD

Ultra-High Yield (25%+)

Extreme income generation with significant principal risk

YieldMax Single Stock ETFs
MSTY (65%+), NVDY (40%+), TSLY (35%+)
Maximum income potential, maximum risk
YieldMax Diversified
ULTY (45%+), YMAX (30%+)
Slightly lower concentration risk

High Yield (12-25%)

Balanced approach to high income with index diversification

NEOS Index Strategies
SPYI (12.15%), QQQI (14.65%), IWMI (14.90%)
Tax-efficient, index-based income
NEOS Specialized
BTCI (18%+)
Bitcoin-focused high income

High-Yield ETF Selection Guide

Conservative Approach

NEOS Index ETFs
12-18% yields with broad diversification
  • ✓Tax-efficient structure
  • ✓Index diversification
  • ✓Professional management

Aggressive Approach

YieldMax Single Stock
25-65%+ yields with concentration risk
  • !Maximum income potential
  • !High volatility exposure
  • !Tactical allocation only

Balanced Approach

Mixed Portfolio
Combine index and selective single-stock
  • •70% index-based (SPYI, QQQI)
  • •30% selective single-stock
  • •Regular rebalancing