NEOS Nasdaq-100 Hedged Equity Income ETF
$55.33−0.79 (−1.41%)
- Expense ratio
- 0.68%
- Fund size
- $381M
- 1Y return
- +12.2%
- Yield · Last 12 months
- 8.74%
- Volume · 30D
- 0M sh
- NAV per share
- $55.04
- 52W range
The ETF.net QQQH Grade
Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 55Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 44Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 51Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 68Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 77Category rank
Our read on QQQH
BMost Nasdaq-100 income funds just sell calls. QQQH spends part of that premium on a put spread, so the collar is built to cushion drawdowns as well as pay monthly. Downside cushion in, some upside out.
The fund seeks high monthly income in a tax-efficient manner while providing a measure of downside protection. It uses Nasdaq-100 stocks together with a put-spread options collar.
Why people hold it
- Three legs: sold calls, bought puts, sold lower puts. The prospectus targets a net credit, so premium pays for the hedge instead of the hedge eating the income.sec.gov
- Owns the Nasdaq-100 stocks outright rather than renting exposure through swaps or another ETF, so share dividends stack on top of the index-option premium.sec.gov
- Pays monthly with no advertised target rate, so the payout follows what the options market actually pays rather than a number set in marketing.
- Live since 2019, first as NUSI, with NEOS taking it over in 2024. Real trading history through real drawdowns, not a backtest.neosfunds.com
Worth knowing
- 0.68% sits right at the middle of the Nasdaq-100 income group. QQA (0.33%), JEPQ and GPIQ (0.35%) charge roughly half for their own spin on the trade.
- Upside is capped by design. The prospectus says plainly that gains are limited, which is the price of the put spread underneath.sec.gov
- Trades thinner than the category's giants, so limit orders earn their keep. Part of the distribution can be return of capital, which the fund discloses.
QQQH Holdings
- Stocks
- —
- 48%
- NVDA
Sectors
- Technology60.7%
- Communication12.5%
- Consumer Discr.10.3%
- Cons. Staples5.9%
- Industrials4.1%
- Health Care3.8%
- Utilities1.1%
- Materials0.9%
- Energy0.5%
- Financials0.2%
Geography
- United States95.61%
- United Kingdom1.60%
- Netherlands1.30%
- Canada0.84%
- Uruguay0.41%
- Ireland0.24%
QQQH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | QQQH |
|---|---|
| Year to date | +9.8% |
| 1 month | +3.1% |
| 3 months | +1.9% |
| 1 year | +12.2% |
| 3 years | +21.2% |
| 5 years | +8.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QQQH |
|---|---|---|
| 2026 YTD | +9.8% | |
| 2025 | +13.7% | |
| 2024 | +26.0% | |
| 2023 | +31.0% | |
| 2022 | −28.4% | |
| 2021 | +9.7% | |
| 2020 | +18.6% |
QQQH in the news
ETF.net Research hasn’t filed on QQQH yet — coverage lands here as it’s written.
QQQH Dividends
- 8.74%
- $4.90
- $0.41 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 28, 2026 | $0.41 |
| Jul 29, 2026 | Jul 31, 2026 | $0.40 |
| Jun 24, 2026 | Jun 26, 2026 | $0.42 |
| May 27, 2026 | May 29, 2026 | $0.42 |
| Apr 29, 2026 | May 1, 2026 | $0.41 |
| Mar 25, 2026 | Mar 27, 2026 | $0.39 |
| Feb 25, 2026 | Feb 27, 2026 | $0.40 |
| Jan 28, 2026 | Jan 30, 2026 | $0.41 |
| Dec 24, 2025 | Dec 26, 2025 | $0.41 |
| Nov 26, 2025 | Nov 28, 2025 | $0.41 |
| Oct 22, 2025 | Oct 24, 2025 | $0.41 |
| Sep 24, 2025 | Sep 26, 2025 | $0.41 |
QQQH Risk
- 11.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.16
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −52.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.78
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QQQH Cost
- The middle half of Nasdaq-100 Option Income funds
- Median 0.74%
13 of the 31 Nasdaq-100 Option Income funds charge less.