Source: https://www.vistashares.com/option-income-etf-market-report/
Updated: 2026-11-14

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> Article

### 14 Nov 2026

#
Option Income ETF Market Report: November 2026

###

Written by[Adam Patti](https://www.vistashares.com/team-members/adam-patti/)

Chief Executive Officer, VistaShares

By Adam Patti, Chief Executive Officer, VistaShares | November 2026

**Data as of November 13, 2026** (fund counts, net assets and fees) **and November 12, 2026** (flows). Next update: around the 5th business day of December 2026.

ETFIQ tracked 396 option income ETFs from 68 issuers holding $216.3 billion in net assets as of November 13, 2026. In the month from October 13 to November 12, 2026, the category took in a net $4.8 billion, and the typical fund charged 0.94% a year. This report updates those figures each month with the strategy mix, payout frequency, largest funds and the funds with the biggest inflows and outflows.

Figure |
Value |
As of |
Source |

Option income ETFs tracked |
396 |
Nov 13, 2026 |
[ETFIQ ETF statistics](https://etfiq.com/statistics/) |

Issuers offering them |
68 |
Nov 13, 2026 |
[ETFIQ ETF statistics](https://etfiq.com/statistics/) |

Net assets |
$216.3 billion, across 383 of 396 funds |
Latest to Nov 13, 2026 |
[ETFIQ income ETFs](https://etfiq.com/income/) |

Net flows, 1 month |
+$4.8 billion; 214 of 396 funds had data for every day |
Month to Nov 12, 2026 |
[ETFIQ fund flows](https://etfiq.com/flows/) |

Net flows, 1 week |
+$1.5 billion, across 296 of 396 funds with daily data |
Week to Nov 12, 2026 |
[ETFIQ income ETFs](https://etfiq.com/income/) |

Median expense ratio |
0.94% a year, 396 funds |
Nov 13, 2026 |
[ETFIQ income ETFs](https://etfiq.com/income/) |

Largest fund |
JEPI, $47.0 billion |
Nov 13, 2026 |
[ETFIQ income ETFs](https://etfiq.com/income/) |

Funds that pay weekly / monthly |
150 / 197 |
Nov 13, 2026 |
[ETFIQ weekly](https://etfiq.com/rankings/income-largest-weekly), [ETFIQ monthly](https://etfiq.com/rankings/income-largest-monthly) |

Counts cover the funds ETFIQ tracks, which is a broad but not complete set. Flow figures cover only funds that publish daily share data. Sources are listed in the notes at the end of this page.

## How big is the option income ETF market?

Option income ETFs held [$216.3 billion in net assets](https://etfiq.com/income/) across 383 of the 396 funds ETFIQ tracked, with figures as of November 13, 2026 or the latest date each fund reported. The 396 funds came from [68 issuers](https://etfiq.com/statistics/). ETFIQ includes a fund only when its prospectus strategy is to earn income by writing options (covered call, buy-write, put-write or synthetic exposure); a high yield alone does not qualify a fund.

Most option income ETFs are small. On November 13, 2026, ETFIQ counted:

Fund size (net assets) |
Number of funds |

Over $1 billion |
28 |

$100 million to $1 billion |
83 |

Under $100 million |
272 |

No net assets figure published |
13 |

Source: [ETFIQ income ETFs](https://etfiq.com/income/), data to Nov 13, 2026.

## What types of option income ETFs are there?

Covered call funds are the largest group of option income ETFs by count, at 192 of the 396 funds ETFIQ tracked on November 13, 2026. ETFIQ publishes the following strategy groups:

Strategy (ETFIQ label) |
Funds |
Funds publishing net assets |
Largest fund, net assets |

[Covered call](https://etfiq.com/rankings/income-largest-covered-call) (synthetic and 0DTE covered call funds included) |
192 |
189 |
JEPI, $47.0 billion |

of which [synthetic covered call](https://etfiq.com/rankings/income-largest-synthetic-covered-call) |
91 |
91 |
CHPY, $1.2 billion |

[Option income](https://etfiq.com/rankings/income-largest-option-income) (sells options without tracking one index) |
122 |
118 |
QQQI, $15.0 billion |

[Autocallable](https://etfiq.com/rankings/income-largest-autocallable) |
33 |
28 |
ACYN, $2.8 billion |

Source: ETFIQ strategy rankings, data as of Nov 13, 2026. ETFIQ also labels funds as put-selling overlay, 0DTE covered call and dividend stocks with call overlay, among others, but does not publish a separate count for those groups, so they are not shown. The groups overlap and do not add up to 396.

A synthetic covered call fund holds Treasuries and options instead of the shares it writes on. An autocallable fund pays a coupon and can be called early on preset dates; its downside is a barrier, so a holder below the barrier takes the full decline. ETFIQ also counted [115 funds that write options on a single company](https://etfiq.com/income/) as of November 13, 2026. Our article on [index vs. single-stock covered calls](https://www.vistashares.com/index-vs-single-stock-covered-calls/) explains why the underlying matters.

## Which option income ETFs are the largest?

The two largest option income ETFs, JEPI and JEPQ, each held more than $40 billion on November 13, 2026, well ahead of the third largest at $15.0 billion.

# |
Ticker |
Fund |
Strategy (ETFIQ) |
Net assets |
Expense ratio |

1 |
JEPI |
JPMorgan Equity Premium Income ETF |
Covered call |
$47.0 billion |
0.35% |

2 |
JEPQ |
JPMorgan Nasdaq Equity Premium Income ETF |
Covered call |
$42.1 billion |
0.35% |

3 |
QQQI |
NEOS Nasdaq-100 High Income ETF |
Option income |
$15.0 billion |
0.68% |

4 |
SPYI |
NEOS S&P 500 High Income ETF |
Option income |
$12.7 billion |
0.68% |

5 |
QYLD |
Global X NASDAQ 100 Covered Call ETF |
Covered call |
$8.2 billion |
0.60% |

6 |
DIVO |
Amplify CWP Enhanced Dividend Income ETF |
Dividend stocks with call overlay |
$8.0 billion |
0.56% |

7 |
GPIX |
Goldman Sachs S&P 500 Premium Income ETF |
Covered call |
$6.6 billion |
0.29% |

8 |
GPIQ |
Goldman Sachs Nasdaq-100 Premium Income ETF |
Covered call |
$6.5 billion |
0.29% |

9 |
RDVI |
FT Vest Rising Dividend Achievers Target Income ETF |
Dividend stocks with call overlay |
$3.9 billion |
0.75% |

10 |
KNG |
FT Vest S&P 500 Dividend Aristocrats Target Income ETF |
Dividend stocks with call overlay |
$3.5 billion |
0.74% |

Source: “The 10 largest income ETFs,” [ETFIQ income ETFs](https://etfiq.com/income/), data to Nov 13, 2026. Expense ratios are from each fund’s prospectus as read by ETFIQ.

## Where did money flow in option income ETFs this month?

Option income ETFs took in a net [$4.8 billion](https://etfiq.com/flows/) in the month to November 12, 2026. ETFIQ had data for every day of the month for 214 of the 396 funds, which together held 80.0% of the category’s assets. In the week to November 12, the category took in [$1.5 billion](https://etfiq.com/income/) across 296 funds with daily data.

|
Ticker |
Fund |
Net flow, Oct 13 to Nov 12, 2026 |

Inflow 1 |
[JEPQ](https://etfiq.com/funds/jepq) |
JPMorgan Nasdaq Equity Premium Income ETF |
+$1.0 billion (22 of 23 days counted) |

Inflow 2 |
[QQQI](https://etfiq.com/funds/qqqi) |
NEOS Nasdaq-100 High Income ETF |
+$960 million (17 of 23 days counted) |

Inflow 3 |
[JEPI](https://etfiq.com/funds/jepi) |
JPMorgan Equity Premium Income ETF |
+$491 million (22 of 23 days counted) |

Inflow 4 |
[ACYN](https://etfiq.com/funds/acyn) |
FT Vest Laddered Autocallable Barrier & Income ETF |
+$446 million |

Inflow 5 |
[SPYI](https://etfiq.com/funds/spyi) |
NEOS S&P 500 High Income ETF |
+$438 million (17 of 23 days counted) |

Outflow 1 |
[TLTW](https://etfiq.com/funds/tltw) |
iShares TLT Premium Income+ ETF |
−$123 million |

Outflow 2 |
[ULTY](https://etfiq.com/funds/ulty) |
YieldMax Ultra Option Income Strategy ETF |
−$33.6 million |

Outflow 3 |
[IGLD](https://etfiq.com/funds/igld) |
FT Vest Gold Strategy Target Income ETF |
−$32.9 million |

Outflow 4 |
[TSLY](https://etfiq.com/funds/tsly) |
YieldMax TSLA Option Income Strategy ETF |
−$31.4 million |

Outflow 5 |
[KNG](https://etfiq.com/funds/kng) |
FT Vest S&P 500 Dividend Aristocrats Target Income ETF |
−$30.8 million |

Source: each fund’s ETFIQ page, “Money in and out, to Nov 12, 2026.” Ranking order from ETFIQ’s flows data for the income group, 1-month window Oct 13 to Nov 12, 2026. Where a fund’s daily data covered fewer days, the page’s count is shown.

Four of the five largest inflows went to the four largest option income ETFs. The five largest inflows were each above $400 million, while the five largest outflows were each $123 million or less. Our guide on [how to compare covered call ETFs](https://www.vistashares.com/how-to-compare-covered-call-etfs/) covers what to check fund by fund.

## How often do option income ETFs pay?

Option income ETFs most often pay monthly: ETFIQ counted [197 funds that pay monthly](https://etfiq.com/rankings/income-largest-monthly) and [150 that pay weekly](https://etfiq.com/rankings/income-largest-weekly) as of November 13, 2026. ETFIQ sets each fund’s frequency from the spacing of its past ex-dates, not from the fund’s name.

On the same date, the largest monthly payer was JEPI at $47.0 billion, and the largest weekly payer was CHPY at $1.2 billion. Our article on [monthly ETF distributions vs. dividends](https://www.vistashares.com/monthly-dividend-etf-distributions-vs-dividends/) explains how payout schedules work.

## What do option income ETFs cost?

The median option income ETF charged [0.94% a year](https://etfiq.com/income/) across all 396 funds, per each fund’s prospectus, as of November 13, 2026. Among the ten largest funds, expense ratios ranged from 0.29% to 0.75%. ETFIQ does not publish a median fee for each strategy group, so none is shown here.

The expense ratio is only part of the cost. Option trading inside the fund and the bid and ask spread an investor pays to trade also add to it.

## What do option income ETFs pay out?

Over the year to November 13, 2026, option income ETFs paid a [median 15.4% in cash](https://etfiq.com/income/), measured as distributions over the period divided by each fund’s starting price. Among broad option income ETFs (those not writing on a single company), the median was [12.0%](https://etfiq.com/statistics/) across the 169 funds with a full year of data. Distribution rates are not total returns and are not guaranteed; a high distribution rate can include return of capital.

Our articles on [distribution yield vs. total return](https://www.vistashares.com/distribution-yield-vs-total-return/) and [return of capital in ETF distributions](https://www.vistashares.com/return-of-capital-etf-distributions/) explain how to read these figures.

## How to read these numbers

**Dates:** fund counts, net assets and fees are as of November 13, 2026, or the latest date a fund reported. Flows run to November 12, 2026. Each figure changes daily.

**Flows:** ETFIQ estimates net flow from each fund’s daily change in shares outstanding times the prior day’s net asset value. It shows money added or withdrawn by investors, separate from market moves, and covers only funds that publish daily share data.

**Counts:** the 396 funds are those ETFIQ tracks with an option-writing income strategy in the prospectus. Strategy groups overlap, and some funds carry labels ETFIQ does not count separately.

More income articles are in the [Income ETF Guide](https://www.vistashares.com/income-etf-guide/).

## Frequently asked questions

### How many option income ETFs are there?

ETFIQ tracked 396 option income ETFs from 68 issuers as of November 13, 2026. That count covers funds whose prospectus strategy is to earn income by writing options.

### How much money is in option income ETFs?

Option income ETFs held $216.3 billion in net assets across 383 of 396 funds, with data to November 13, 2026, according to ETFIQ.

### How much money went into covered call ETFs last month?

Option income ETFs, which include covered call funds, took in a net $4.8 billion in the month to November 12, 2026. JEPQ had the largest inflow, $1.0 billion, and TLTW the largest outflow, $123 million.

### What is the largest option income ETF?

JPMorgan Equity Premium Income ETF (JEPI), with $47.0 billion in net assets as of November 13, 2026. JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) was second at $42.1 billion.

### Do more option income ETFs pay weekly or monthly?

Monthly. ETFIQ counted 197 monthly payers and 150 weekly payers as of November 13, 2026.

### What is the typical fee for an option income ETF?

The median expense ratio was 0.94% a year across 396 funds as of November 13, 2026. The ten largest funds charged between 0.29% and 0.75%.

## NOTES

- ETFIQ, ETF statistics, data as of November 13, 2026 (fund count, issuers, median cash paid for broad option income ETFs), https://etfiq.com/statistics/.

- ETFIQ, Covered call and option income ETFs, data to November 13, 2026 (net assets, size bands, median fee, single-company count, ten largest funds, weekly flows, median cash paid), https://etfiq.com/income/.

- ETFIQ, ETF fund flows, flows to November 12, 2026 (income category, 1 month), https://etfiq.com/flows/.

- ETFIQ strategy and payout rankings, data as of November 13, 2026: https://etfiq.com/rankings/income-largest-covered-call; https://etfiq.com/rankings/income-largest-synthetic-covered-call; https://etfiq.com/rankings/income-largest-option-income; https://etfiq.com/rankings/income-largest-autocallable; https://etfiq.com/rankings/income-largest-weekly; https://etfiq.com/rankings/income-largest-monthly.

- ETFIQ fund pages, “Money in and out, to Nov 12, 2026”: https://etfiq.com/funds/jepq; https://etfiq.com/funds/qqqi; https://etfiq.com/funds/jepi; https://etfiq.com/funds/acyn; https://etfiq.com/funds/spyi; https://etfiq.com/funds/tltw; https://etfiq.com/funds/ulty; https://etfiq.com/funds/igld; https://etfiq.com/funds/tsly; https://etfiq.com/funds/kng.

- ETFIQ, Income ETF methodology, data as of November 13, 2026 (scope and definitions), https://etfiq.com/methodology/income. Pages read November 14, 2026.

- Adam Patti, Chief Executive Officer of VistaShares, is also the founder of ETFIQ. ETFIQ does not accept payment from ETF issuers, and its figures are calculated from public filings and market data.

Adam Patti, Chief Executive Officer of VistaShares, is also the founder of ETFIQ. ETFIQ does not accept payment from ETF issuers, and its figures are calculated from public filings and market data.

## IMPORTANT INFORMATION

This material is provided for educational purposes only. It is not investment, legal or tax advice, and it is not a recommendation or an offer to buy or sell any security. Information is drawn from sources believed to be reliable as of the date of publication, is not guaranteed as to accuracy or completeness, and may change without notice. Figures attributed to third parties are their estimates. Projections and forecasts are not guarantees of future results. Investors should consult their own financial, legal and tax professionals before making investment decisions. Investments involve risk, including possible loss of principal. Strategies that use options involve additional risks, including limited participation in market gains, the risk that options do not perform as intended, and changes in distributions. Tax treatment depends on individual circumstances and on current law, which may change.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (844) 875-2288 or visit www.VistaShares.com. Read the prospectus or summary prospectus carefully before investing.

**Foreside Fund Services, LLC, distributor.**