QQQI vs QYLD: Grades, Fees and Holdings Compared

NEOS Nasdaq-100 High Income ETF

QQQIANasdaq

Global X Nasdaq 100 Covered Call ETF

QYLDANasdaq

Overlap

98.1%by weight

Expense ratio

QYLD −0.08pt a year

QQQI0.68%QYLD0.60%

Avg volume · 30D

QQQI 1.1×the volume

QQQI5.02MQYLD4.59M

QQQI vs QYLD Performance

Nov 7, 2025 – Nov 9, 2026

+8.6%QQQI+14.8%QYLD

Expense ratio: QQQI 0.68%; QYLD 0.60%, better
Fund size: QQQI $14.3B; QYLD $7.84B
1Y total return: QQQI +8.6%; QYLD +14.8%, better
Yield (12M): QQQI 14.96%, better; QYLD 12.11%
Holdings: QQQI 102; QYLD 103
Avg volume (30D): QQQI 5.02M sh, better; QYLD 4.59M sh
NAV per share: QQQI $49.50; QYLD $17.11
52W range

ETF.net Grade

Pillar letters and Scores for QQQI, QYLD, with each pillar’s weight
Pillar	QQQI	QYLD
Cost30% weight	C53	B65Higher
Mission25% weight	A89	A100Higher
Risk15% weight	C53	A71Higher
Tradability15% weight	A98Higher	A90
Holdings10% weight	A89Higher	A73
Durability5% weight	A77	A91Higher

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. QQQI 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 2nd and QQQI 6th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 2AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 80
Rank 2AQYLDGlobal X Nasdaq 100 Covered Call ETFScore 80
Rank 4AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 79
Rank 5AQYLGGlobal X Nasdaq 100 Covered Call & Growth ETFScore 76
Rank 6AQQQINEOS Nasdaq-100 High Income ETFScore 73
Rank 7ABALQiShares Nasdaq Premium Income Active ETFScore 72

Our read on each fund

ETF.net Research

QQQIANEOS Nasdaq-100 High Income ETF

QYLDAGlobal X Nasdaq 100 Covered Call ETF

In short

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.

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

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.

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

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.com neosfunds.com 2
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

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

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

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 QQQI profile⁠

Full QYLD profile⁠

QQQI vs QYLD Holdings

How QQQI and QYLD differ

Overlap by weight

98.1%

Shared holdings make up 99.9% of QYLD and 98.2% of QQQI.

About this figure: QQQI earns income from options, which aren’t counted.

QYLD earns income from options, which aren’t counted.

Level by level

Sector10 Sectors96.9%
Holdings101 in both98.1%
Asset classStocks100%
Countryby domicile99.97%

Sector

Sector weights in QQQI and QYLD, widest gap first
Sector	Gap	QQQI	QYLD
Technology	QYLD +3.0 points	55.1%	58.1%
Communication	QQQI +1.0 points	12.1%	11.1%
Consumer Discretionary	QQQI +0.9 points	11.9%	11.0%
Consumer Staples	QQQI +0.7 points	7.5%	6.8%
Health Care	QQQI +0.4 points	5.2%	4.8%
Industrials	QYLD +0.1 points	5.1%	5.2%
Materials	QQQI +0.1 points	1.2%	1.1%
Utilities	Same weight	1.2%	1.2%
Energy	Same weight	0.5%	0.5%
Financials	Same weight	0.2%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in QQQI and QYLD, widest gap first
Country	Gap	QQQI	QYLD
United States	QYLD +0.1 points	97.2%	97.3%
Canada	Same weight	1.1%	1.1%
Netherlands	Same weight	0.8%	0.8%
Brazil	Same weight	0.4%	0.4%
China	Same weight	0.3%	0.3%
United Kingdom	QQQI +0.1 points	0.3%	0.2%

Concentration

Weight in the 10 largest Holdings

QQQI46.3%
QYLD47.0%

Securities held

QQQI102
QYLD102

Asset class

QQQI: Stocks
QYLD: Stocks

Holdings

Only in QQQI1
In both101
Only in QYLD1

Only in QQQI

1 security, 2.1% of QQQI by weight

Cash & Other2.12%

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 QQQI and QYLD, widest gap first
Holding	Gap	QQQI	QYLD
Space Exploration Technologies CorpSPCX	QYLD +0.49 points	2.23%	2.72%
NVIDIA CorpNVDA	QYLD +0.13 points	7.57%	7.70%
Apple IncAAPL	QYLD +0.13 points	8.42%	8.55%
Microsoft CorpMSFT	QYLD +0.09 points	6.66%	6.75%
Moderna IncMRNA	QYLD +0.08 points	0.39%	0.47%
Amazon.com IncAMZN	QYLD +0.07 points	4.72%	4.79%
Alphabet IncGOOG	QYLD +0.07 points	2.62%	2.69%
Alphabet IncGOOGL	QYLD +0.06 points	2.80%	2.86%
Micron Technology IncMU	QYLD +0.05 points	3.63%	3.68%
Meta Platforms IncMETA	QYLD +0.05 points	3.06%	3.11%
Advanced Micro Devices IncAMD	QYLD +0.04 points	3.42%	3.46%
Costco Wholesale CorpCOST	QYLD +0.04 points	2.17%	2.21%
Broadcom IncAVGO	QYLD +0.03 points	2.36%	2.39%
Lumentum Holdings IncLITE	QYLD +0.04 points	0.19%	0.23%
Tesla IncTSLA	QYLD +0.03 points	3.19%	3.22%
Walmart IncWMT	QYLD +0.03 points	2.86%	2.89%
Palantir Technologies IncPLTR	QYLD +0.02 points	1.72%	1.74%
ASML Holding NVASML	QYLD +0.02 points	0.61%	0.63%
Western Digital CorpWDC	QYLD +0.02 points	0.43%	0.45%
Lam Research CorpLRCX	QYLD +0.02 points	1.17%	1.19%
Texas Instruments IncTXN	QYLD +0.02 points	1.18%	1.20%
Intel CorpINTC	QYLD +0.02 points	1.38%	1.40%
Amgen IncAMGN	QYLD +0.02 points	1.16%	1.18%
Linde PLCLIN	QYLD +0.01 points	1.11%	1.12%
Strategy IncMSTR	QYLD +0.02 points	0.20%	0.22%
PepsiCo IncPEP	QYLD +0.01 points	0.90%	0.91%
ARM Holdings PLCARM	QYLD +0.01 points	0.35%	0.36%
Vertex Pharmaceuticals IncVRTX	QYLD +0.02 points	0.64%	0.66%
Crowdstrike Holdings IncCRWD	QYLD +0.01 points	1.04%	1.05%
AppLovin CorpAPP	QQQI +0.01 points	0.56%	0.55%
Seagate Technology Holdings PLCSTX	QYLD +0.01 points	0.48%	0.49%
Booking Holdings IncBKNG	QQQI +0.01 points	0.58%	0.57%
Nebius Group NVNBIS	QYLD +0.01 points	0.13%	0.14%
Gilead Sciences IncGILD	QYLD +0.01 points	0.97%	0.98%
O'Reilly Automotive IncORLY	QQQI +0.01 points	0.35%	0.34%
MercadoLibre IncMELI	QYLD +0.01 points	0.35%	0.36%
Palo Alto Networks IncPANW	QQQI +0.01 points	1.22%	1.21%
Sandisk CorpSNDK	QQQI +0.01 points	0.59%	0.58%
Starbucks CorpSBUX	QYLD +0.01 points	0.56%	0.57%
IDEXX Laboratories IncIDXX	QYLD +0.01 points	0.24%	0.25%
Marvell Technology IncMRVL	QYLD +0.01 points	0.58%	0.59%
Constellation Energy CorpCEG	QQQI +0.01 points	0.43%	0.42%
DoorDash IncDASH	QQQI +0.01 points	0.35%	0.34%
Analog Devices IncADI	Same weight	0.83%	0.83%
Ferrovial NVFER	Same weight	0.20%	0.20%
QUALCOMM IncQCOM	QYLD +0.01 points	0.81%	0.82%
Ross Stores IncROST	QQQI +0.01 points	0.35%	0.34%
Rocket Lab CorpRKLB	QYLD +0.01 points	0.14%	0.15%
Applied Materials IncAMAT	Same weight	1.25%	1.25%
Fastenal CoFAST	QQQI +0.01 points	0.29%	0.28%
Take-Two Interactive Software IncTTWO	QYLD +0.01 points	0.18%	0.19%
Roper Technologies IncROP	QQQI +0.01 points	0.23%	0.22%
Autodesk IncADSK	QYLD +0.01 points	0.25%	0.26%
Marriott International Inc/MDMAR	Same weight	0.51%	0.51%
Honeywell Aerospace IncHONA	QYLD +0.01 points	0.22%	0.23%
PDD Holdings IncPDD	QQQI +0.01 points	0.26%	0.25%
Cadence Design Systems IncCDNS	Same weight	0.41%	0.41%
Baker Hughes CoBKR	Same weight	0.22%	0.22%
PayPal Holdings IncPYPL	Same weight	0.24%	0.24%
Automatic Data Processing IncADP	Same weight	0.57%	0.57%
Teradyne IncTER	Same weight	0.16%	0.16%
CSX CorpCSX	QQQI +0.01 points	0.43%	0.42%
Intuit IncINTU	QQQI +0.01 points	0.44%	0.43%
Axon Enterprise IncAXON	Same weight	0.12%	0.12%
Datadog IncDDOG	Same weight	0.28%	0.28%
Airbnb IncABNB	Same weight	0.37%	0.37%
Exelon CorpEXC	Same weight	0.22%	0.22%
Adobe IncADBE	Same weight	0.45%	0.45%
Microchip Technology IncMCHP	Same weight	0.15%	0.15%
Netflix IncNFLX	Same weight	1.25%	1.25%
T-Mobile US IncTMUS	Same weight	0.82%	0.82%
Comcast CorpCMCSA	Same weight	0.40%	0.40%
CoreWeave IncCRWV	Same weight	0.10%	0.10%
Astera Labs IncALAB	QYLD +0.01 points	0.15%	0.16%
Coca-Cola Europacific Partners PLCCCEP	Same weight	0.24%	0.24%
Old Dominion Freight Line IncODFL	Same weight	0.16%	0.16%
PACCAR IncPCAR	Same weight	0.25%	0.25%
Thomson Reuters CorpTRI	Same weight	0.20%	0.20%
Copart IncCPRT	Same weight	0.14%	0.14%
Monolithic Power Systems IncMPWR	Same weight	0.27%	0.27%
Regeneron Pharmaceuticals IncREGN	Same weight	0.43%	0.43%
GE HealthCare Technologies IncGEHC	QYLD +0.01 points	0.17%	0.18%
Xcel Energy IncXEL	QYLD +0.01 points	0.23%	0.24%
Fortinet IncFTNT	Same weight	0.41%	0.41%
Mondelez International IncMDLZ	Same weight	0.39%	0.39%
Intuitive Surgical IncISRG	Same weight	0.76%	0.76%
Synopsys IncSNPS	Same weight	0.40%	0.40%
Shopify IncSHOP	Same weight	0.85%	0.85%
Cintas CorpCTAS	Same weight	0.41%	0.41%
Dexcom IncDXCM	Same weight	0.14%	0.14%
Keurig Dr Pepper IncKDP	QYLD +0.01 points	0.23%	0.24%
American Electric Power Co IncAEP	Same weight	0.32%	0.32%
Monster Beverage CorpMNST	Same weight	0.42%	0.42%
NXP Semiconductors NVNXPI	Same weight	0.29%	0.29%
Paychex IncPAYX	Same weight	0.20%	0.20%
Cisco Systems IncCSCO	Same weight	1.75%	1.75%
Workday IncWDAY	Same weight	0.18%	0.18%
Kla CorpKLAC	Same weight	0.85%	0.86%
Honeywell International IncHON	Same weight	0.32%	0.32%
Alnylam Pharmaceuticals IncALNY	Same weight	0.10%	0.10%

All QQQI 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.

QQQI vs QYLD Cost

Overpaying QQQI vs QYLD

$1,435

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

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

Amount$10,000

Years30 years

Cost over time

QQQI 0.68%
QYLD 0.60%
Overpaying

Year by year

Year	QQQI	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%QQQI
0.60%QYLD, cheaper

QYLD0.60%QQQI0.68%

0.00%1.20%

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

QYLD 10th cheapest of 30 funds

QQQI 13th cheapest of 30 funds

QQQI vs QYLD Dividends

Last 12 months to Nov 9, 2026

Yield (12M): QQQI 14.96%, better; QYLD 12.11%
Payout (12M): QQQI $7.63; QYLD $2.14
Last payment: QQQI $0.63; QYLD $0.18
Ex-dividend: QQQI Oct 21, 2026; QYLD Oct 19, 2026
Paid on: QQQI Oct 23, 2026; QYLD Oct 22, 2026
Frequency: QQQI Monthly; QYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

QQQIMonthly · 33 paymentsAll QQQI payments⁠

QYLDMonthly · 46 paymentsAll QYLD payments⁠

QQQI vs QYLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QQQI 13.2%since Feb 2024QYLD 8.1%
Return per unit of riskSharpe ratio, 3 years: QQQI 0.96since Feb 2024QYLD 1.31
Worst fallMax drawdown, 5 years: QQQI −20.0%since Jan 2024QYLD −24.6%
Market sensitivityBeta, 5 years: QQQI 0.96QYLD 0.48; Market = 1

QQQI 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, 2026QQQIQYLD
ETF Filings
Defiance files AI index funds that may also buy private companies outside the index
Oct 30, 2026QQQI
ETF Filings
Franklin Templeton files two PayDay ETFs that would pay every two weeks
Oct 16, 2026QQQI
Income Watch
A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%
Sep 20, 2026QYLD

Popular comparisons

QQQIAvsJEPQA
NEOS Nasdaq-100 High Income ETF · JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio
0.68% · 0.35%
Category
QYLDAvsJEPQA
Global X Nasdaq 100 Covered Call ETF · JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio
0.60% · 0.35%
Category
QQQIAvsGPIQA
NEOS Nasdaq-100 High Income ETF · Goldman Sachs Nasdaq-100 Premium Income ETF
Expense ratio
0.68% · 0.29%
Category
QYLDAvsGPIQA
Global X Nasdaq 100 Covered Call ETF · Goldman Sachs Nasdaq-100 Premium Income ETF
Expense ratio
0.60% · 0.29%
Category
QQQIAvsQQAA
NEOS Nasdaq-100 High Income ETF · Invesco QQQ Income Advantage ETF
Expense ratio
0.68% · 0.29%
Category
QYLDAvsQQAA
Global X Nasdaq 100 Covered Call ETF · Invesco QQQ Income Advantage ETF
Expense ratio
0.60% · 0.29%
Category

QQQI vs QYLD

In short

Stated mandate

Why people hold it