NEOS Nasdaq-100 Hedged Equity Income ETF
$55.82+0.05 (+0.09%)
- 0.68%
- $409M
- +13.5%
- 8.81%
- 0M sh
- $56.02
- low $50.08high $56.76
The ETF.net QQQH Grade
B
Score 55 out of 100
- 14 of 31
Score 55 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 100Rank 14 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 16 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 14 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A70 out of 100Rank 8 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 4 of 31
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
- 103
- 47%
- NVDA
Sectors
- Technology61.0%
- Communication11.8%
- Consumer Discretionary10.2%
- Consumer Staples5.8%
- Health Care4.2%
- Industrials4.1%
- Utilities1.1%
- Materials0.9%
- Energy0.5%
- Financials0.2%
Geography
- United States94.62%
- United Kingdom1.62%
- Netherlands1.31%
- Canada1.05%
- Singapore0.75%
- 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.
Not enough history yet.
QQQH$11,348
Returns run to the Oct 12, 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 | +9.9% |
| 1 month | +2.9% |
| 3 months | +2.5% |
| 1 year | +13.5% |
| 3 years | +20.1% |
| 5 years | +9.2% |
| 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 | +9.9% | |
| 2025 | +13.7% | |
| 2024 | +26.0% | |
| 2023 | +31.0% | |
| 2022 | −28.4% | |
| 2021 | +9.7% | |
| 2020 | +18.6% |
QQQH in the news
QQQH Dividends
- 8.81%
- $4.91
- $0.42 per share
- Monthly
Distribution history
QQQH Risk
- 10.6%
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.
- 1.46
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
0.68%
QQQH0.68%
- The middle half of Nasdaq-100 Option Income funds
- Median 0.71%
12 of the 30 Nasdaq-100 Option Income funds charge less.
Other funds in Nasdaq-100 Option Income
- BQRMIGlobal X - Nasdaq 100 Risk Managed Income ETFExpense ratio 0.60%1 year return +9.5%
- BHEQQJPMorgan Nasdaq Hedged Equity Laddered Overlay ETFExpense ratio 0.50%1 year return +10.8%
- CQXQSGI Enhanced Nasdaq 100 ETFExpense ratio 0.98%1 year return +28.0%
- CCAIQCalamos Nasdaq Autocallable Income ETFExpense ratio 0.74%1 year return —
- CEDGQGlobal X Nasdaq-100 Income Edge ETFExpense ratio 0.53%1 year return —