Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
QQQ vs QQQI
Invesco QQQ Trust and NEOS Nasdaq-100(R) High Income ETF.
What they hold in common
By the books each fund has filed, QQQ and QQQI hold 89% of their money in the same securities at the same weight.
| Holding | QQQ | QQQI |
|---|---|---|
| NVIDIA Corp. | 8.16% | 7.66% |
| Apple Inc. | 7.29% | 6.63% |
| Micron Technology, Inc. | 4.80% | 5.61% |
| Microsoft Corp. | 5.32% | 4.38% |
| Amazon.com, Inc. | 4.62% | 4.05% |
| Advanced Micro Devices, Inc. | 3.70% | 4.12% |
| Tesla, Inc. | 3.46% | 3.35% |
| Alphabet Inc. | 3.52% | 3.32% |
| Alphabet Inc. | 3.26% | 3.07% |
| Broadcom Inc. | 3.37% | 2.82% |
| Meta Platforms, Inc. | 2.97% | 2.65% |
| Intel Corp. | 2.52% | 2.99% |
| Only in QQQ | Only in QQQI |
|---|---|
| Linde PLC 1.01% | Linde PLC 1.05% |
| Seagate Technology Holdings PLC 0.84% | Seagate Technology Holdings PL 0.92% |
| Honeywell International Inc. 0.66% | ASML Holding NV 0.76% |
| ASML Holding N.V. 0.62% | Astera Labs Inc 0.35% |
| NXP Semiconductors N.V. 0.36% | Teradyne Inc 0.32% |
| Ferrovial N.V. 0.21% | NXP Semiconductors NV 0.32% |
| Coca-Cola Europacific Partners PLC 0.18% | Honeywell International Inc 0.31% |
| Cognizant Technology Solutions Corp. 0.12% | Honeywell Aerospace Inc 0.31% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Jun 30, 2026 and May 31, 2026.
| QQQ Invesco QQQ Trust | QQQI NEOS Nasdaq-100(R) High Income ETF | |
|---|---|---|
| Where it sits | Core fund | Income desk |
| Issuer | Invesco | NEOS |
| What it is | Nasdaq-100, book from QQQM | covered call, vs QQQ |
| Total return, 1 year | +25.6% | +18.7% |
| S&P 500 over the same days | +20.0% | +25.6% |
| Gap to the S&P 500 | +5.6 pts | −6.9 pts |
| Cash paid, 1 year | not an income fund | 14.4% |
| Expense ratio | 0.18% | 0.68% |
| Holdings | 101 | n/a |
QQQ in plain words
QQQ is a index equity fund tracking Nasdaq-100, book from QQQM. Over the year to Sep 4, 2026 it returned +25.6% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 3.5% below its high of Jun 2, 2026 on Sep 4, 2026.
QQQI in plain words
Over the year to Sep 4, 2026, QQQI paid 14.4% of its starting value in cash distributions while its price rose 3.1%. With every distribution reinvested, the fund returned +18.7%. Nasdaq-100 (QQQ) returned +25.6% over the same days, so a holder was behind by 6.9 pts. At its price on Sep 4, 2026 the latest distribution annualises to 14.3%, paid monthly. NEOS estimates that 98% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
Questions people ask
- Which returned more over the last year, QQQ or QQQI?
- In the year to Sep 4, 2026, with distributions reinvested, QQQ returned +25.6% and QQQI returned +18.7%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQ or QQQI?
- QQQ charges 0.18% a year and QQQI charges 0.68%, so QQQ is cheaper. Fees come from each fund's prospectus.
- Are QQQ and QQQI the same kind of fund?
- No. QQQ is an index ETF and QQQI is an option-income ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QQQ against QQQI, data as of Sep 4, 2026. https://etfiq.com/compare/any/QQQ-QQQI.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources