Home Dividends Analysis Dividend Quick Picks Summary High monthly dividend yields are very attractive to investors who live off of passive income from dividend investments. However, not all of these investments are created equal, especially in the covered call arena. I compare GPIQ and QYLD to demonstrate this point. Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More » Eoneren/E+ via Getty Images Covered call ETFs paying 9% to 11% or even higher annualized yields, with monthly distributions, are rapidly growing in popularity, especially with funds like NEOS NASDAQ 100 High Income ETF ( QQQI ), NEOS S&P 500 Analyst’s Disclosure: I/we have a beneficial long position in the shares of ARCC, ET either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha).…