Covered-Call ETFs Yield Up to 16% Outpacing Rental Property Returns

Three ETFs offer yields between 7% and 16%, surpassing net rental income after expenses and taxes for landlords. Three exchange-traded funds—QQQI, PFFA, and JEPI—deliver yields of 16%, 10%, and 7-8% respectively, exceeding the 3-5% net returns typical for rental properties

Three ETFs offer yields between 7% and 16%, surpassing net rental income after expenses and taxes for landlords.

Three exchange-traded funds—QQQI, PFFA, and JEPI—deliver yields of 16%, 10%, and 7-8% respectively, exceeding the 3-5% net returns typical for rental properties after taxes, repairs, and vacancies. JEPI, backed by $46 billion in assets, provides liquidity and a 0.35% expense ratio.

Gross rental yields in most U.S. metros average mid-single digits before accounting for property taxes, insurance, maintenance, and vacancies. After these costs, net yields often fall to 3-5%, while ETFs settle monthly without operational overhead.

The funds employ different strategies: QQQI writes call options on the Nasdaq-100, PFFA invests in leveraged preferred stock, and JEPI combines low-volatility equities with an options overlay. All three outperform the 4.7% 10-year Treasury yield.

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