1. The Global X NASDAQ 100 Covered Call ETF (QYLD) offers a straightforward buy-write strategy with high income but at the cost of capital gains. 2. Despite its competitive distribution, QYLD has underperformed the Nasdaq 100 index and newer competing ETFs in terms of total returns and yield. 3. Newer ETFs like GPIQ and QDTE offer better upside potential and higher returns, making QYLD less attractive for aggressive income investors.