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Launched · SEC filings

NEOS Nasdaq-100 Hedged Equity Income ETF

QQQHNasdaqNeosB

$52.39−0.47 (−0.88%)

At close: Nov 2, 2026, 4:00 PM ET

B58/ 100

Rank 14 of 31 in Nasdaq-100 Option Income

B58/100Rank 14 of 31inNasdaq-100 Option Income
Intraday session: down, 79 prints from 52.86 to 52.39. Range 52.30 to 53.28. Use the arrow keys to read each point.52.6053.0053.2010 AM12 PM2 PM4 PM
Expense ratio
0.68%
Fund size
$368M
1Y total return
+4.2%
Yield · Last 12 months
9.28%
Holdings
103
Avg volume · 30D
36.8K sh
52W range
low $50.08high $56.76
Launched
Filings
SEC EDGAR

The ETF.net QQQH Grade

Based on 5 of 6 pillars

B

Score 58 out of 100

Category
Nasdaq-100 Option Income⁠
Rank
14 of 31
Six-pillar profile for QQQH. Scores out of 100: Cost 53, Risk 47, Mission not scored, Tradability 57, Holdings 84, Durability 76. Strongest: Holdings (84). Weakest: Risk (47). Based on 5 of 6 pillars.

Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C53 out of 100
    Rank 14 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 17 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B57 out of 100
    Rank 14 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A84 out of 100
    Rank 3 of 23

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A76 out of 100
    Rank 5 of 31

Our read on QQQH

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Dec 19, 2019

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
QQQH$10,423
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. QQQH $10,423. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for QQQH. Periods over one year show the average yearly return.
PeriodQQQH
Year to date+5.0%
1 month−4.1%
3 months+1.0%
1 year+4.2%
3 yearsper year+20.0%
5 yearsper year+7.3%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QQQH
YearReturn barQQQH
2026 YTD+5.0%
2025+13.7%
2024+26.0%
2023+31.0%
2022−28.4%
2021+9.7%
2020+18.6%

QQQH in the news

QQQH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
9.28%Last 12 months
Payout per share
$4.91Last 12 months
Last payment
$0.41 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 25, 2023 $0.25; Feb 23, 2023 $0.25; Mar 22, 2023 $0.25; Apr 26, 2023 $0.25; May 24, 2023 $0.27; Jun 22, 2023 $0.28; Jul 26, 2023 $0.28; Aug 23, 2023 $0.27; Sep 20, 2023 $0.27; Oct 25, 2023 $0.26; Nov 22, 2023 $0.28; Dec 20, 2023 $0.29; Jan 24, 2024 $0.30; Feb 22, 2024 $0.30; Mar 20, 2024 $0.31; Apr 24, 2024 $0.30; May 22, 2024 $0.31; Jun 26, 2024 $0.33; Jul 24, 2024 $0.33; Aug 21, 2024 $0.33; Sep 25, 2024 $0.33; Oct 23, 2024 $0.33; Nov 20, 2024 $0.37; Dec 24, 2024 $0.38; Jan 22, 2025 $0.19; Feb 26, 2025 $0.39; Mar 26, 2025 $0.38; Apr 23, 2025 $0.34; May 21, 2025 $0.41; Jun 25, 2025 $0.42; Jul 23, 2025 $0.43; Aug 20, 2025 $0.42; Sep 24, 2025 $0.41; Oct 22, 2025 $0.41; Nov 26, 2025 $0.41; Dec 24, 2025 $0.41; Jan 28, 2026 $0.41; Feb 25, 2026 $0.40; Mar 25, 2026 $0.39; Apr 29, 2026 $0.41; May 27, 2026 $0.42; Jun 24, 2026 $0.42; Jul 29, 2026 $0.40; Aug 26, 2026 $0.41; Sep 23, 2026 $0.42; Oct 28, 2026 $0.41. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Oct 28, 2026Oct 30, 2026$0.41
Sep 23, 2026Sep 25, 2026$0.42
Aug 26, 2026Aug 28, 2026$0.41
Jul 29, 2026Jul 31, 2026$0.40
Jun 24, 2026Jun 26, 2026$0.42
May 27, 2026May 29, 2026$0.42
Apr 29, 2026May 1, 2026$0.41
Mar 25, 2026Mar 27, 2026$0.39
Feb 25, 2026Feb 27, 2026$0.40
Jan 28, 2026Jan 30, 2026$0.41
Dec 24, 2025Dec 26, 2025$0.41
Nov 26, 2025Nov 28, 2025$0.41

See all 83 payments⁠

$10,000 in QQQH 5 years ago paid $3,458 in dividends.⁠

QQQH Risk

Risk pillarC47 out of 100Rank 17 of 31 in Nasdaq-100 Option Income
How much the fund’s monthly returns vary, scaled to a year.
11.0%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.33
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−52.7%
Trough Jun 2024
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.

How strongly the fund’s returns move with its asset-class index.
0.78
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

QQQH Cost

Compare QQQH and EDGQ

Overpaying vs EDGQ, cheapest in Nasdaq-100 Option Income

$13,252

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QQQH 0.68%

    $13,252

  • EDGQ 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • QQQH 0.68%
  • EDGQ 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530QQQH $13,252EDGQ $0

Year by year

YearQQQHEDGQOverpaying
10$1,215$0$1,215
20$4,633$0$4,633
30$13,252$0$13,252

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