Which is cheaper, PCOV or QRMI?

PCOV charges 0.34% a year and QRMI charges 0.60%, so PCOV is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

PCOV vs QRMI: Dividend Yield & Total Return

PCOV and QRMI both write options for income.

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Net assets: $10m on Nov 2, 2026 for Principal Equity Premium Income ETF, and $15m on Oct 12, 2026 for Global X NASDAQ 100 Risk Managed Income ETF.

PCOV on its own →QRMI on its own →

At a glance

1.9%

PCOV cash paid, since launch, Aug 19, 2026

11.6%

QRMI cash paid, 1 year

−0.1%

PCOV total return, since launch, Aug 19, 2026

+3.7%

QRMI total return, 1 year

PCOV · since launch to Nov 4, 2026 Not measured

PCOV

−0.1%

none

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

Total return, distributions reinvested

Not measured

PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

PCOV

−0.1%

1.9% of it arrived as cash. Total return, distributions reinvested. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

QRMI · 1 year to Nov 4, 2026 8.6 pts behind QQQ

QRMI

+3.7%

QQQ

+12.3%

8.6 pts behind QQQ

QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QRMI

+3.7%

11.6% as cash

8.6 pts behind QQQ

Total return, distributions reinvested

8.6 pts behind QQQ

QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QRMI

+3.7%

8.6 pts behind QQQ

11.6% of it arrived as cash. Both charts share one scale, with zero at the line. QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PCOV costs 0.26 points a year less; QRMI is 1.5 times larger.

Points (pts) are percentage points.

PCOV vs QRMI: Dividend Yield & Total Return
Measure	PCOV	QRMI
Paid and earned
Measure	PCOV	QRMI
Total return, 1 year	not published	+3.7%
Price change	fell 2.0% (since Aug 19, 2026)	fell 8.1% (1 year)
Return of capital, issuer estimate		100% of the Sep 24, 2026 payment
Against its benchmark
Measure	PCOV	QRMI
Benchmark	not published	Nasdaq-100, measured through QQQ
Cost and size
Measure	PCOV	QRMI
Expense ratio	0.34%	0.60%
Net assets, as of Oct 12, 2026	$10m	$15m
Holdings
Measure	PCOV	QRMI
Holdings in common	not published

Method

Side by side

PCOV Principal Equity Premium Income ETF · Covered call QRMI Global X NASDAQ 100 Risk Managed Income ETF · Option income on QQQ, paying monthly

Issuer Principal Global X

Strategy covered call option income

Benchmark none Nasdaq-100 (QQQ)

Pays not established monthly

Payout rate, annualized 7.2% 12.2%

Expense ratio 0.34% 0.60%

Cash paid, 1 year 1.9% (since launch, Aug 19, 2026) 11.6%

Price change, 1 year −2.0% (since launch, Aug 19, 2026) −8.1%

Total return, 1 year −0.1% (since launch, Aug 19, 2026) +3.7%

Benchmark return, 1 year not published +12.3%

Ahead or behind not available −8.6 pts

Return of capital, latest estimate not published 100%

Age 77 days 5.2 years

Net assets, PCOV as of Nov 2, 2026 and QRMI as of Oct 12, 2026 $10m $15m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: PCOV vs QRMI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PCOV	QRMI	PCOV	QRMI	PCOV	QRMI
3 months	–	−0.1%	–	3.0%	–	+3.4 pts
6 months	–	+1.0%	–	5.9%	–	+1.3 pts
1 year	–	+3.7%	–	11.6%	–	−8.6 pts
3 years	–	+25.7%	–	35.0%	–	−65.7 pts
Since launchNot the same days: PCOV Aug 2026 · QRMI Aug 2021	−0.1%	+8.5%	1.9%	42.0%	not measured	−83.2 pts

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Alert

About each fund

PCOV

Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.

QRMI

Over the year to Nov 4, 2026, QRMI paid 11.6% of its starting value in cash distributions while its price fell 8.1%. With every distribution reinvested, the fund returned +3.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 8.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.2%, paid monthly. Global X estimates that 100% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, PCOV or QRMI?: PCOV charges 0.34% a year and QRMI charges 0.60%, so PCOV is cheaper. Fees come from each fund's prospectus.

Other comparisons

PCOV vs QDTY PCOV vs QQQY PCOV vs QQQI PCOV vs ACQQ QRMI vs XSHP QRMI vs YQQQ QRMI vs XVSP QRMI vs SIOO

Where to next

Nasdaq-100 (QQQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →PCOV on its own →QRMI on its own →PCOV dividend history →QRMI dividend history →QRMI holdings →Method →Standards and sources →

Sources and dates

PCOV filings on SEC EDGAR ↗

PCOV prospectus with the expense ratio (SEC) ↗

Principal website ↗

QRMI filings on SEC EDGAR ↗

QRMI prospectus with the expense ratio (SEC) ↗

QRMI 19a-1 distribution notice ↗

Global X page for QRMI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, PCOV against QRMI, data as of Nov 4, 2026. https://etfiq.com/compare/income/pcov-vs-qrmi

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