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QQA vs QQQI

Invesco QQQ Income Advantage ETF

QQAANasdaq

NEOS Nasdaq-100 High Income ETF

QQQIANasdaq

Overlap

74.6%by weight

Expense ratio

QQA −0.35pt a year

QQA0.33%QQQI0.68%

Avg volume · 30D

QQQI 43.9×the volume

QQA118KQQQI5.19M

QQA vs QQQI Performance

Oct 16, 2025 – Oct 16, 2026

+16.4%QQA+14.1%QQQI

Oct 16, 2025 to Oct 16, 2026. QQA +16.4%. QQQI +14.1%. Use the arrow keys to read each point.−5%0%5%10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
QQA 0.33%, better
QQQI 0.68%
Fund size
QQA $921M
QQQI $15.2B
1Y total return
QQA +16.4%, better
QQQI +14.1%
Yield (12M)
QQA 10.13%
QQQI 14.25%, better
Holdings
QQA 120
QQQI 102
Avg volume (30D)
QQA 118K sh
QQQI 5.19M sh, better
NAV per share
QQA $56.42
QQQI $54.90
52W range

ETF.net Grade

QQA: Cost 97, Risk 70, Mission 97, Tradability 62, Holdings 65, Durability 73. QQQI: Cost 53, Risk 48, Mission 90, Tradability 98, Holdings 79, Durability 76.
Pillar letters and Scores for QQA, QQQI, with each pillar’s weight
PillarQQAQQQI
Cost30% weightA97HigherC53
Mission25% weightA97HigherA90
Risk15% weightA70HigherC48
Tradability15% weightB62A98Higher
Holdings10% weightB65A79Higher
Durability5% weightA73A76Higher

Rank among Nasdaq-100 Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QQA and QQQI are both graded against the same 31 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 31 funds
See all 31 ›

QQA ranks 1st and QQQI 6th of 31 funds in the Nasdaq-100 Option Income Category.

  1. Rank 1AQQAInvesco QQQ Income Advantage ETFScore 83
  2. Rank 2AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 82
  3. Rank 6AFTQIFirst Trust Nasdaq BuyWrite Income ETFScore 72
  4. Rank 6AQQQINEOS Nasdaq-100 High Income ETFScore 72
  5. Rank 9AROCQJPMorgan Nasdaq Equity Premium Yield ETFScore 70

Our read on each fund

ETF.net Research

QQAAInvesco QQQ Income Advantage ETF

QQQIANEOS Nasdaq-100 High Income ETF

In short

QQA Nasdaq-100 exposure with an options-income overlay, actively run, no leverage, paid monthly. The hook is price: 0.33% is less than half the going rate in the Nasdaq covered-call aisle.

QQQI A Nasdaq-100 income fund built around the tax code: it holds the index's stocks and sells NDX index options that qualify as Section 1256 contracts, taxed 60/40 long/short term, then pays monthly. Launched 2024, now a multi-billion-dollar fund.

Stated mandate

QQA Actively managed QQA combines Nasdaq-100 equity exposure with an options-income overlay. It seeks consistent monthly income, long-term capital growth, and lower volatility without leverage.

QQQI The Fund seeks high monthly income in a tax-efficient manner while allowing for equity appreciation. It invests in Nasdaq-100 constituents and uses NDX call options, including written calls and possible call spreads, to generate option-premium income.

Why people hold it

  • QQA At 0.33%, it charges less than half the typical fee in its Nasdaq-100 options-income group, and undercuts heavyweights like JEPQ, GPIQ and QYLD.
  • Actively managed rather than rules-locked, with stated aims of consistent monthly income, long-term capital growth and lower volatility.invesco.com
  • No leverage in the structure. The income comes from writing options against a portfolio of about 120 Nasdaq-100 names, and it pays monthly.
  • One of the strongest implementations in the Nasdaq-100 income crowd on our review, mostly because it does the same job as pricier rivals for less.
  • QQQI Income engine runs on index options treated as Section 1256 contracts (60% long-term, 40% short-term rates), with managers also hunting tax-loss harvesting opportunities.neosfunds.comneosfunds.com
  • Not a plain covered-call sleeve: the strategy can buy out-of-the-money NDX calls against the ones it sells, leaving room to capture part of a Nasdaq-100 rise.neosfunds.com
  • Pays monthly, trades very actively, and is one of the larger funds in the Nasdaq-100 income aisle, so getting in and out is rarely the hard part.
  • Does what the label says: Nasdaq-100 constituents plus an NDX call program, run actively rather than on a fixed monthly formula.neosfunds.com

Worth knowing

  • QQA The overlay is the trade-off: selling calls funds the monthly check and gives up some of the upside when the Nasdaq runs hard.
  • Launched in 2024, so the track record covers a short stretch of market weather compared with older funds in the group.
  • Payouts are monthly but not fixed: no target yield is declared, and option premiums move with volatility. The equity side stays mega-cap tech heavy.
  • QQQI Costs 0.68% a year. That matches the cohort median, but the biggest rivals run cheaper: QQA at 0.33%, GPIQ and JEPQ at 0.35%.
  • Distributions have been classified as return of capital. That can defer tax, but it also trims your cost basis; the 19a-1 notices show the breakdown.neosfunds.com
  • Written calls trade away part of a big Nasdaq-100 rally, and the fund only opened in January 2024, so its record spans one market regime.neosfunds.com

Full QQA profile⁠

Full QQQI profile⁠

QQA vs QQQI Holdings

Overlap

74.6%by weight

Only QQA
19
of 120
In both
101
holdings
Only QQQI
1
of 102

Holdings side by side

Top 10 holdings by combined weight
HoldingQQAQQQI
Invesco Premier US Government Money PortfolioInvesco Premier US Government Money Portfolio19.91%Not held
NVDANVIDIA Corp6.09%8.10%
AAPLApple Inc5.81%7.74%
MSFTMicrosoft Corp4.66%6.10%
MUMicron Technology Inc3.38%4.50%
AMZNAmazon.com Inc3.20%4.26%
AMDAdvanced Micro Devices Inc2.95%3.94%
METAMeta Platforms Inc2.55%3.40%
GOOGLAlphabet Inc2.39%3.16%
GOOGAlphabet Inc2.22%2.93%

All 119 QQA holdings⁠All QQQI holdings⁠

Sectors

QQAQQQISame weight

  • TechnologyQQA 60.1%QQQI 61.2%
  • CommunicationQQA 12.3%QQQI 12.7%
  • Consumer DiscretionaryQQA 10.3%QQQI 10.1%
  • Consumer StaplesQQA 5.8%QQQI 5.6%
  • IndustrialsQQA 5.3%QQQI 3.8%
  • Health CareQQA 3.7%QQQI 3.9%
  • UtilitiesQQA 1.1%QQQI 1.0%
  • Materials, same for bothQQA 0.9%QQQI 0.9%
  • Energy, same for bothQQA 0.5%QQQI 0.5%
  • Financials, same for bothQQA 0.2%QQQI 0.2%

QQA vs QQQI Cost

Expense ratio

  • 0.33%QQA, cheaper
  • 0.68%QQQI
  • Middle half of Nasdaq-100 Option Income funds
  • Median 0.68%

QQA 2nd cheapest of 31 funds

QQQI 14th cheapest of 31 funds

$6,515less in fees with QQA over 30 years, on $10,000 invested

$0$2,500$5,000$7,500$10,000$12,500$15,000Start10 years20 years30 years

Assumes $10,000 invested once and 7% growth a year before fees.

QQA vs QQQI Dividends

Last 12 months to Oct 16, 2026
Yield (12M)
QQA 10.13%
QQQI 14.25%, better
Payout (12M)
QQA $5.60
QQQI $7.64
Last payment
QQA $0.49
QQQI $0.63
Ex-dividend
QQA Sep 21, 2026
QQQI Sep 16, 2026
Paid on
QQA Sep 25, 2026
QQQI Sep 18, 2026
Frequency
QQA Monthly
QQQI Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

QQAMonthly · 26 paymentsAll QQA payments⁠
One bar per payment. 26 payments from 2024 to 2026 YTD. Aug 19, 2024 $0.41; Sep 23, 2024 $0.42; Oct 21, 2024 $0.42; Nov 18, 2024 $0.46; Dec 23, 2024 $0.44; Jan 21, 2025 $0.44; Feb 24, 2025 $0.44; Mar 24, 2025 $0.40; Apr 21, 2025 $0.38; May 19, 2025 $0.42; Jun 23, 2025 $0.42; Jul 21, 2025 $0.44; Aug 18, 2025 $0.44; Sep 22, 2025 $0.45; Oct 20, 2025 $0.45; Nov 24, 2025 $0.44; Dec 22, 2025 $0.46; Jan 20, 2026 $0.46; Feb 23, 2026 $0.45; Mar 23, 2026 $0.43; Apr 20, 2026 $0.46; May 18, 2026 $0.49; Jun 22, 2026 $0.50; Jul 20, 2026 $0.48; Aug 24, 2026 $0.48; Sep 21, 2026 $0.49. Use the arrow keys to read each point.$0$0.502026YTD
QQQIMonthly · 32 paymentsAll QQQI payments⁠
One bar per payment. 32 payments from 2024 to 2026 YTD. Feb 21, 2024 $0.59; Mar 20, 2024 $0.60; Apr 24, 2024 $0.59; May 22, 2024 $0.61; Jun 26, 2024 $0.62; Jul 24, 2024 $0.62; Aug 21, 2024 $0.64; Sep 25, 2024 $0.60; Oct 23, 2024 $0.61; Nov 20, 2024 $0.61; Dec 24, 2024 $0.62; Jan 22, 2025 $0.62; Feb 26, 2025 $0.61; Mar 26, 2025 $0.59; Apr 23, 2025 $0.53; May 21, 2025 $0.64; Jun 25, 2025 $0.63; Jul 23, 2025 $0.64; Aug 20, 2025 $0.63; Sep 24, 2025 $0.64; Oct 22, 2025 $0.64; Nov 26, 2025 $0.63; Dec 24, 2025 $0.64; Jan 21, 2026 $0.64; Feb 18, 2026 $0.61; Mar 18, 2026 $0.61; Apr 22, 2026 $0.63; May 20, 2026 $0.66; Jun 16, 2026 $0.66; Jul 22, 2026 $0.63; Aug 19, 2026 $0.65; Sep 16, 2026 $0.63. Use the arrow keys to read each point.$0$0.502026YTD

QQA vs QQQI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QQA 12.5%since Aug 2024QQQI 12.6%since Feb 2024
Return per unit of riskSharpe ratio, 3 years
QQA 1.21since Aug 2024QQQI 1.22since Feb 2024
Worst fallMax drawdown, 5 years
QQA −19.7%since Jul 2024QQQI −20.0%since Jan 2024
Market sensitivityBeta, 3 years
QQA 0.92QQQI 0.93

QQA and QQQI in the news

All news⁠

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