Data as of .
DDDD vs NLSI: which paid, and which earned it?
DDDD and NLSI both write options for income.
What they hold in common
By the books each fund has filed, DDDD and NLSI hold 2% of their money in the same securities at the same weight.
| Holding | DDDD | NLSI |
|---|---|---|
| Devon Energy Corp | 1.42% | 2.36% |
| Broadridge Financial Solutions Inc | 0.47% | 2.94% |
| Only in DDDD | Only in NLSI |
|---|---|
| Merck & Co Inc 4.93% | Micron Technology Inc 14.23% |
| Abbott Laboratories 4.53% | F5 Inc 3.90% |
| Amgen Inc 4.38% | Progressive Corp/The 3.80% |
| Coca-Cola Co/The 4.30% | Adobe Inc 3.37% |
| Chevron Corp 4.25% | Jack Henry & Associates Inc 3.32% |
| ConocoPhillips 4.07% | Universal Health Services Inc 3.23% |
| Procter & Gamble Co/The 4.01% | Insulet Corp 3.19% |
| Verizon Communications Inc 3.96% | Veeva Systems Inc 3.19% |
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 dated Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| DDDD | NLSI | DDDD | NLSI | DDDD | NLSI | |
| 3 months | +4.9% | +15.6% | 1.6% | 1.4% | +2.6 pts | +13.3 pts |
| 6 months | +10.5% | +24.6% | 1.7% | 2.8% | −7.6 pts | +6.6 pts |
| Since launch | +8.7% | +19.3% | 1.6% | 4.0% | −6.5 pts | +7.3 pts |
| DDDD YieldMax(R) U.S. Stocks Target Double Distribution ETF Synthetic covered call on SPY | NLSI NEOS Long/Short Equity Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | YieldMax | NEOS |
| Strategy | synthetic covered call | option income |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | not established | monthly |
| Payout rate, annualized | 18.4% | 5.1% |
| Expense ratio | 1.01% | 2.89% |
| Cash paid, 1 year | 1.6% (since launch on Mar 12, 2026) | 4.0% (since launch on Dec 10, 2025) |
| Price change, 1 year | +7.0% | +14.6% |
| Total return, 1 year | +8.7% (since launch on Mar 12, 2026) | +19.3% (since launch on Dec 10, 2025) |
| Benchmark return, 1 year | +15.3% | +12.0% |
| Ahead or behind | −6.5 pts | +7.3 pts |
| Return of capital, latest estimate | 67% | 100% |
| Age | 190 days | 282 days |
| Net assets | $7m | $5m |
DDDD in plain words
Over the period since launch on Mar 12, 2026 to Sep 18, 2026, DDDD paid 1.6% of its starting value in cash distributions while its price rose 7.0%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +15.3% over the same days, so a holder was behind by 6.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 18.4%, paid periodically. YieldMax estimates that 67% of the distribution paid Jul 6, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
NLSI in plain words
Over the period since launch on Dec 10, 2025 to Sep 18, 2026, NLSI paid 4.0% of its starting value in cash distributions while its price rose 14.6%. With every distribution reinvested, the fund returned +19.3%. S&P 500 (SPY), used as a default proxy returned +12.0% over the same days, so a holder was ahead by 7.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 5.1%, paid monthly. NEOS estimates that 100% of the distribution paid Jul 31, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, DDDD or NLSI?
- DDDD charges 1.01% a year and NLSI charges 2.89%, so DDDD is cheaper. Fees come from each fund's prospectus.
Other comparisons
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, DDDD against NLSI, data as of Sep 18, 2026. https://etfiq.com/compare/income/dddd-vs-nlsi Free to use with attribution; the underlying files are at Open data.