Data as of Oct 28, 2026.
QQQI vs SGOV: Differences, Returns & Fees
Over the year to Oct 28, 2026, QQQI returned +11.9% to SGOV's +3.7%, and SGOV charges 0.09% to QQQI's 0.68%.
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Net assets on Oct 27, 2026: $15.4bn for NEOS Nasdaq-100 High Income ETF and $117.0bn for iShares 0-3 Month Treasury Bond ETF.
Pair scorecard
SGOV costs 0.59 points a year less; their one-year returns differ by 8.2 points; SGOV is 7.6 times larger.
| Measure | QQQI | SGOV |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.9% | +3.7% |
| Price change, 1 year | fell 2.8% | rose 0.0% |
| Latest payout, annualized | 14.1% | |
| Return of capital, issuer estimate | 100% of the Oct 23, 2026 payment | |
| Against its benchmark | ||
| What it tracks | Benchmark: Nasdaq-100, measured through QQQ | ICE 0-3 Month US Treasury Securities Index |
| Against its benchmark, same days | behind by 3.3 pts | |
| Cost and size | ||
| Expense ratio | 0.68% | 0.09% |
| Net assets, as of Oct 27, 2026 | $15.4bn | $117.0bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
Feb 9, 2024 to Oct 23, 2026 · 141 weekly returnsQQQI returned more: +52.7% to +12.3%. SGOV swung less: 0.1% to 16.0%. SGOV fell less at its worst: 0.0% to −18.4%.
Full scorecard
8 measures, with how each is measured Open ↓
| Measure | QQQI | SGOV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +52.7% | +12.3% | QQQI | Price change plus distributions, reinvested. |
| Annualized | +16.9% | +4.4% | QQQI | Total return as a yearly rate. |
| Price return | +3.2% | +0.2% | QQQI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.0% | 0.1% | SGOV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.8% | 0.1% | SGOV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.4% | 0.0% | SGOV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.79 | −0.52 | QQQI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.16 | −0.72 | QQQI | Return above Treasury bills per unit of downside deviation. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 141 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, QQQI and SGOV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
QQQI and SGOV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
QQQI and SGOV do different jobs. What does each one do in a portfolio?
- What each follows. QQQI is measured against Nasdaq-100 through QQQ and SGOV follows ICE 0-3 Month US Treasury Securities Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 QQQI returned +11.9% and SGOV +3.7% with distributions reinvested, a gap of 8.2 points.
Data as of Oct 28, 2026.
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QQQI
Over the year to Oct 28, 2026, QQQI paid 13.7% of its starting value in cash distributions while its price fell 2.8%. With every distribution reinvested, the fund returned +11.9%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was behind by 3.3 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 14.1%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
SGOV
SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.
Questions people ask
- Are QQQI and SGOV in the same category?
- QQQI is an option-income ETF and SGOV is a bond ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, QQQI or SGOV?
- In the year to Oct 28, 2026, with distributions reinvested, QQQI returned +11.9% and SGOV +3.7%.
- Which is cheaper, QQQI or SGOV?
- SGOV is cheaper, by 0.59 percentage points a year. That is about $59 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, QQQI against SGOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/qqqi-vs-sgov
ETFIQ. (Oct 28, 2026). QQQI against SGOV. Retrieved from https://etfiq.com/compare/any/qqqi-vs-sgov
[QQQI against SGOV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/qqqi-vs-sgov)
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