QQQH vs QYLD: Grades, Fees and Holdings Compared

NEOS Nasdaq-100 Hedged Equity Income ETF

QQQHBNasdaq

Global X Nasdaq 100 Covered Call ETF

QYLDANasdaq

Overlap

94.3%by weight

Expense ratio

QYLD −0.08pt a year

QQQH0.68%QYLD0.60%

Avg volume · 30D

QYLD 116.9×the volume

QQQH36.8KQYLD4.31M

5Y return · a year

QYLD +0.5pt

QQQH+7.3%QYLD+7.8%

QQQH vs QYLD Performance

Oct 29, 2021 – Oct 30, 2026

+42.3%QQQH+45.4%QYLD

Expense ratio: QQQH 0.68%; QYLD 0.60%, better
Fund size: QQQH $368M; QYLD $8.2B
1Y total return: QQQH +4.2%; QYLD +15.7%, better
Yield (12M): QQQH 9.28%; QYLD 11.96%, better
Holdings: QQQH 103; QYLD 103
Avg volume (30D): QQQH 36.8K sh; QYLD 4.31M sh, better
NAV per share: QQQH $52.85; QYLD $17.88
52W range

ETF.net Grade

Pillar letters and Scores for QQQH, QYLD, with each pillar’s weight
Pillar	QQQH	QYLD
Cost30% weight	C53	B65Higher
Mission25% weight	Not scored	A100
Risk15% weight	C47	A72Higher
Tradability15% weight	B57	A89Higher
Holdings10% weight	A84Higher	B68
Durability5% weight	A76	A90Higher

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. QQQH and QYLD are both graded against the same 30 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 30 funds

See all 30 ›

QYLD ranks 4th and QQQH 14th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 83
Rank 2AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 3AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 80
Rank 4AQYLDGlobal X Nasdaq 100 Covered Call ETFScore 79
Rank 5AQYLGGlobal X Nasdaq 100 Covered Call & Growth ETFScore 77
Rank 13BEDGQGlobal X Nasdaq-100 Income Edge ETFScore 61
Rank 14BQQQHNEOS Nasdaq-100 Hedged Equity Income ETFScore 58
Rank 15BHEQQJPMorgan Nasdaq Hedged Equity Laddered Overlay ETFScore 55

Our read on each fund

ETF.net Research

QQQHBNEOS Nasdaq-100 Hedged Equity Income ETF

QYLDAGlobal X Nasdaq 100 Covered Call ETF

In short

QQQH Most 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.

QYLD Running since 2013, QYLD is the no-frills version of the Nasdaq-100 income trade: own the index, sell calls against it, pay out monthly. No stock picking, no manager discretion, just a rules-based buy-write index followed closely.

Stated mandate

QQQH 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.

QYLD QYLD seeks, before fees and expenses, to generally match the price and yield performance of the Cboe NASDAQ-100® BuyWrite V2 Index. It uses a buy-write strategy that holds NASDAQ-100 stocks and sells corresponding call options.

Why people hold it

QQQH 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

QYLD Simple machine: holds Nasdaq-100 stocks, sells the matching calls, and tracks the Cboe NASDAQ-100 BuyWrite V2 Index closely. Nothing to second-guess.
Income arrives monthly, and the 0.60% fee sits under the median for Nasdaq-100 options-income funds.
A multi-billion-dollar fund that trades very actively, so getting in and out is rarely the hard part.

Worth knowing

QQQH 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.

QYLD Writing calls sells the upside. When the Nasdaq-100 runs past the strike, that gain goes to the option buyer, not the fund.
Leaner options on the same index: QQA at 0.33%, GPIQ and JEPQ at 0.35%.
Payouts are funded by option premium and no target rate is declared, so the monthly check varies with volatility.

Full QQQH profile⁠

Full QYLD profile⁠

QQQH vs QYLD Holdings

As of Oct 13, 2026

How QQQH and QYLD differ

Overlap by weight

94.3%

Shared holdings make up 100% of QYLD and 97.3% of QQQH.

Level by level

Holdings101 in both94.3%
Sector10 Sectors97.5%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in QQQH and QYLD, widest gap first
Sector	More in QQQHMore in QYLD	QQQH	QYLD
Communication	QYLD +1.5 points	11.1%	12.6%
Industrials	QYLD +0.9 points	4.2%	5.1%
Health Care	QQQH +0.8 points	4.6%	3.8%
Consumer Staples	QQQH +0.7 points	6.3%	5.6%
Consumer Discretionary	QQQH +0.5 points	10.6%	10.1%
Utilities	QQQH +0.2 points	1.2%	1.0%
Materials	QQQH +0.1 points	1.0%	0.9%
Technology	QYLD +0.1 points	60.2%	60.3%
Energy	QQQH +0.1 points	0.5%	0.4%
Financials	Same weight	0.2%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in QQQH and QYLD, widest gap first
Country	More in QQQHMore in QYLD	QQQH	QYLD
United States	QYLD +0.1 points	97.2%	97.3%
Canada	Same weight	1.1%	1.1%
Netherlands	Same weight	0.9%	0.9%
Brazil	Same weight	0.4%	0.4%
China	QQQH +0.1 points	0.3%	0.2%
United Kingdom	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

QQQH46.8%
QYLD48.9%

Securities held

QQQH103
QYLD102

Asset class

QQQH: Equity
QYLD: Equity

Holdings

Only in QQQH2
In both101
Only in QYLD1

Only in QQQH

2 securities, 5.3% of QQQH by weight

Cash & Other3.74%
Ndx Us 12/18/26 P268001.59%

Only in QYLD

1 security, 0.0% of QYLD by weight

Other Payable & Receivables<0.01%

Weight gaps

The 100 widest of 101 Holdings in both funds.

Holding weights in QQQH and QYLD, widest gap first
Holding	More in QQQHMore in QYLD	QQQH	QYLD
Space Exploration Technologies CorpSPCX	QYLD +1.86 points	1.17%	3.03%
Intel CorpINTC	QYLD +0.77 points	1.53%	2.30%
NVIDIA CorpNVDA	QYLD +0.68 points	7.87%	8.55%
Alphabet IncGOOGL	QYLD +0.63 points	2.62%	3.25%
Advanced Micro Devices IncAMD	QYLD +0.60 points	3.60%	4.20%
Alphabet IncGOOG	QYLD +0.56 points	2.46%	3.02%
Meta Platforms IncMETA	QYLD +0.55 points	2.91%	3.46%
Micron Technology IncMU	QYLD +0.44 points	4.40%	4.83%
Lam Research CorpLRCX	QYLD +0.37 points	1.31%	1.68%
Applied Materials IncAMAT	QYLD +0.35 points	1.36%	1.71%
Walmart IncWMT	QQQH +0.26 points	2.64%	2.38%
Apple IncAAPL	QQQH +0.26 points	8.06%	7.80%
Amazon.com IncAMZN	QYLD +0.24 points	4.15%	4.39%
Marvell Technology IncMRVL	QYLD +0.23 points	0.78%	1.01%
Palantir Technologies IncPLTR	QYLD +0.21 points	1.87%	2.08%
Sandisk CorpSNDK	QYLD +0.19 points	0.75%	0.94%
Tesla IncTSLA	QQQH +0.20 points	3.31%	3.11%
Broadcom IncAVGO	QYLD +0.18 points	2.47%	2.65%
Amgen IncAMGN	QQQH +0.16 points	1.14%	0.98%
Fortinet IncFTNT	QYLD +0.16 points	0.46%	0.62%
Kla CorpKLAC	QYLD +0.15 points	0.92%	1.07%
Cisco Systems IncCSCO	QYLD +0.16 points	1.81%	1.97%
Gilead Sciences IncGILD	QQQH +0.14 points	0.95%	0.81%
Costco Wholesale CorpCOST	QQQH +0.13 points	1.97%	1.84%
Netflix IncNFLX	QYLD +0.12 points	1.15%	1.27%
Microsoft CorpMSFT	QYLD +0.12 points	6.18%	6.30%
Western Digital CorpWDC	QYLD +0.10 points	0.50%	0.60%
Texas Instruments IncTXN	QQQH +0.11 points	1.23%	1.12%
Regeneron Pharmaceuticals IncREGN	QQQH +0.11 points	0.44%	0.33%
PepsiCo IncPEP	QQQH +0.10 points	0.85%	0.75%
Lumentum Holdings IncLITE	QYLD +0.09 points	0.29%	0.38%
Linde PLCLIN	QQQH +0.10 points	1.07%	0.97%
Vertex Pharmaceuticals IncVRTX	QQQH +0.09 points	0.65%	0.56%
Palo Alto Networks IncPANW	QYLD +0.09 points	1.33%	1.42%
Shopify IncSHOP	QYLD +0.09 points	0.85%	0.94%
Seagate Technology Holdings PLCSTX	QYLD +0.08 points	0.66%	0.74%
Starbucks CorpSBUX	QQQH +0.08 points	0.54%	0.46%
ARM Holdings PLCARM	QYLD +0.07 points	0.40%	0.47%
Marriott International Inc/MDMAR	QQQH +0.06 points	0.48%	0.42%
Comcast CorpCMCSA	QQQH +0.06 points	0.38%	0.32%
Teradyne IncTER	QYLD +0.06 points	0.20%	0.26%
Analog Devices IncADI	QQQH +0.07 points	0.92%	0.85%
Intuit IncINTU	QQQH +0.07 points	0.43%	0.36%
Nebius Group NVNBIS	QYLD +0.06 points	0.16%	0.22%
NXP Semiconductors NVNXPI	QQQH +0.05 points	0.30%	0.25%
Datadog IncDDOG	QYLD +0.05 points	0.36%	0.41%
Strategy IncMSTR	QYLD +0.06 points	0.18%	0.24%
CSX CorpCSX	QQQH +0.05 points	0.44%	0.39%
Monster Beverage CorpMNST	QQQH +0.05 points	0.42%	0.37%
Moderna IncMRNA	QYLD +0.05 points	0.32%	0.37%
Automatic Data Processing IncADP	QQQH +0.05 points	0.52%	0.47%
CoreWeave IncCRWV	QYLD +0.05 points	0.11%	0.16%
Cintas CorpCTAS	QQQH +0.04 points	0.40%	0.36%
Roper Technologies IncROP	QQQH +0.05 points	0.21%	0.16%
AppLovin CorpAPP	QYLD +0.05 points	0.31%	0.36%
T-Mobile US IncTMUS	QQQH +0.05 points	0.75%	0.70%
Keurig Dr Pepper IncKDP	QQQH +0.04 points	0.23%	0.19%
Exelon CorpEXC	QQQH +0.04 points	0.23%	0.19%
Xcel Energy IncXEL	QQQH +0.04 points	0.24%	0.20%
MercadoLibre IncMELI	QYLD +0.04 points	0.38%	0.42%
Astera Labs IncALAB	QYLD +0.04 points	0.20%	0.24%
Adobe IncADBE	QQQH +0.03 points	0.44%	0.41%
Alnylam Pharmaceuticals IncALNY	QYLD +0.03 points	0.10%	0.13%
GE HealthCare Technologies IncGEHC	QQQH +0.04 points	0.17%	0.13%
O'Reilly Automotive IncORLY	QQQH +0.04 points	0.34%	0.30%
ASML Holding NVASML	QYLD +0.03 points	0.66%	0.69%
IDEXX Laboratories IncIDXX	QQQH +0.03 points	0.21%	0.18%
Copart IncCPRT	QQQH +0.03 points	0.14%	0.11%
Paychex IncPAYX	QQQH +0.03 points	0.19%	0.16%
Thomson Reuters CorpTRI	QQQH +0.03 points	0.20%	0.17%
Microchip Technology IncMCHP	QQQH +0.03 points	0.20%	0.17%
Diamondback Energy IncFANG	QQQH +0.02 points	0.26%	0.24%
Crowdstrike Holdings IncCRWD	QYLD +0.03 points	1.14%	1.17%
Intuitive Surgical IncISRG	QQQH +0.03 points	0.68%	0.65%
QUALCOMM IncQCOM	QYLD +0.02 points	0.77%	0.79%
PDD Holdings IncPDD	QQQH +0.02 points	0.25%	0.23%
Mondelez International IncMDLZ	QQQH +0.02 points	0.37%	0.35%
DoorDash IncDASH	QYLD +0.02 points	0.33%	0.35%
Axon Enterprise IncAXON	QQQH +0.03 points	0.17%	0.14%
Ross Stores IncROST	QQQH +0.02 points	0.34%	0.32%
Coca-Cola Europacific Partners PLCCCEP	QQQH +0.02 points	0.22%	0.20%
Rocket Lab CorpRKLB	QYLD +0.01 points	0.15%	0.16%
Autodesk IncADSK	QQQH +0.02 points	0.23%	0.21%
Constellation Energy CorpCEG	QYLD +0.02 points	0.43%	0.45%
Booking Holdings IncBKNG	QYLD +0.01 points	0.50%	0.51%
Ferrovial NVFER	QQQH +0.01 points	0.17%	0.16%
American Electric Power Co IncAEP	QQQH +0.01 points	0.31%	0.30%
PayPal Holdings IncPYPL	QQQH +0.01 points	0.22%	0.21%
Honeywell International IncHON	QQQH +0.01 points	0.30%	0.29%
PACCAR IncPCAR	QYLD +0.01 points	0.24%	0.25%
Monolithic Power Systems IncMPWR	QYLD +0.01 points	0.27%	0.28%
Fastenal CoFAST	Same weight	0.26%	0.26%
Workday IncWDAY	QQQH +0.01 points	0.17%	0.16%
Dexcom IncDXCM	QQQH +0.01 points	0.15%	0.14%
Old Dominion Freight Line IncODFL	QQQH +0.01 points	0.17%	0.16%
Honeywell Aerospace IncHONA	Same weight	0.22%	0.22%
Synopsys IncSNPS	Same weight	0.41%	0.41%
Airbnb IncABNB	Same weight	0.30%	0.30%
Baker Hughes CoBKR	Same weight	0.24%	0.24%
Take-Two Interactive Software IncTTWO	Same weight	0.17%	0.17%

All QQQH holdings⁠All 102 QYLD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QQQH vs QYLD Cost

Overpaying QQQH vs QYLD

$1,435

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

QQQH 0.68%
$13,252
QYLD 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

QQQH 0.68%
QYLD 0.60%
Overpaying

Year by year

Year	QQQH	QYLD	Overpaying
10	$1,215	$1,076	$139
20	$4,633	$4,116	$517
30	$13,252	$11,817	$1,435

Expense ratio

0.68%QQQH
0.60%QYLD, cheaper

QYLD0.60%QQQH0.68%

0.00%1.20%

Middle half of Nasdaq-100 Option Income funds
Median 0.71%

QYLD 10th cheapest of 30 funds

QQQH 13th cheapest of 30 funds

QQQH vs QYLD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): QQQH 9.28%; QYLD 11.96%, better
Payout (12M): QQQH $4.91; QYLD $2.14
Last payment: QQQH $0.41; QYLD $0.18
Ex-dividend: QQQH Oct 28, 2026; QYLD Oct 19, 2026
Paid on: QQQH Oct 30, 2026; QYLD Oct 22, 2026
Frequency: QQQH Monthly; QYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

QQQHMonthly · 46 paymentsAll QQQH payments⁠

QYLDMonthly · 46 paymentsAll QYLD payments⁠

QQQH vs QYLD Risk

Fall from peak · 5 years

QQQH
QYLD

Risk facts

VolatilityStd dev, 3 years: QQQH 11.0%QYLD 8.1%, better
Return per unit of riskSharpe ratio, 3 years: QQQH 1.33, betterQYLD 1.31
Worst fallMax drawdown, 5 years: QQQH −52.7%QYLD −24.6%, better
Market sensitivityBeta, 5 years: QQQH 0.78QYLD 0.48; Market = 1

QQQH and QYLD in the news

All news⁠

Category Review
The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points
Updated Oct 2, 2026QYLD
ETF Filings
Tidal Trust II files to register a Nasdaq-100 fund that would budget 6% for puts
Oct 1, 2026QQQH
Income Watch
A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%
Sep 20, 2026QYLD

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QQQH vs QYLD

In short

Stated mandate

Why people hold it

Worth knowing

How QQQH and QYLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QQQH

Only in QYLD

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points

Tidal Trust II files to register a Nasdaq-100 fund that would budget 6% for puts

A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%

How QQQH and QYLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QQQH

Only in QYLD

Weight gaps