# Covered Call ETFs: $4,632 Annual Gap

> Four covered call ETFs earn $10,453-$15,085 yearly on $100,000 but show a $4,632 annual income gap.
- Title: Covered Call ETFs: $4,632 Annual Gap · 24/7 Wall St.
- Summary: Four covered call ETFs earn $10,453-$15,085 yearly on $100,000 but show a $4,632 annual income gap. Investing $100,000 in covered call ETFs yields…
- Keywords: covered call etf, etf income, trailing yield, one-year return, global x, neos, sp 500, nasdaq 100, russell 2000, covered call strategy, Covered, Call
- Source: 24/7 Wall St. — https://247wallst.com/investing/etf/2026/10/20/we-did-the-math-on-what-100000-earns-in-4-covered-call-etfs-the-gap-is-4632-a-year
- Author: Ryne Mauck
- Published: 2026-10-20T23:33:06+00:00
- Read time: 2 min
- Topics: covered call etf, etf income, trailing yield, one-year return, global x, neos, sp 500, nasdaq 100, russell 2000, covered call strategy
## Covered Call ETFs Offer Monthly Income
Four covered call ETFs promise monthly income from the same basic strategy.
## Annual Income Ranges from $10,453 to $15,085
Putting $100,000 into each of four covered call ETFs yields $10,453 to $15,085 annually.
## NEOS Russell 2000 High Income ETF Pays $4,632 More
The NEOS Russell 2000 High Income ETF (CBOE:IWMI) pays $4,632 a year more than the Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD).
## Global X Funds Land in Between
The Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) and Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) fall between the top performers.
## The Fund Paying Most Lags on Total Return
The fund that paid the most ranked behind two others on total return.
## How Covered Call Funds Turn Market Swings Into Cash
A covered call means holding stocks and selling options to purchase them at a set strike price for monthly income.
## Volatility Drives Option Premiums
Market volatility increases option premiums, bringing in more cash when indices move hard.
## IWMI Pays $1,257 Monthly with Small-Cap Upside
IWMI paid the most with a trailing yield of 15.1%, $1,257 monthly on $100,000, and 13% one-year return.
## IWMI Uses Out-of-the-Money Calls
IWMI sells Russell 2000 index calls at more than one strike, including November contracts at 2875 and 2925, to capture small-cap upside.
## RYLD Caps Gains on Small Caps
RYLD sells calls at the money on the Russell 2000 Index, yielding 12.4% ($1,035 monthly) but with 11% one-year return.
## QYLD Earns Tech Premiums with Best Return
QYLD writes Nasdaq-100 calls, tracks tech-heavy holdings, and delivered 20% one-year return.
## XYLD Offers Broadest Coverage
XYLD tracks the S&P 500 across 505 holdings, yielding 10.5% ($871 monthly) with 17% one-year return.
## Key takeaway

Investing $100,000 in covered call ETFs yields $10,453-$15,085 annually with a $4,632 gap between top and bottom performers.