Which is cheaper, FTQI or XSPI?

FTQI charges 0.75% a year and XSPI charges 0.98%, so FTQI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

FTQI vs XSPI: Dividend Yield & Total Return

FTQI and XSPI both write options for income.

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Net assets: $997m on Nov 3, 2026 for First Trust Nasdaq BuyWrite Income ETF, and $140m on Oct 28, 2026 for NEOS Boosted S&P 500 High Income ETF.

FTQI on its own →XSPI on its own →

At a glance

12.1%

FTQI cash paid, 1 year

13.9%

XSPI cash paid, since launch, Feb 3, 2026

+16.5%

FTQI total return, 1 year

+12.4%

XSPI total return, since launch, Feb 3, 2026

FTQI · 1 year to Nov 4, 2026 4.2 pts ahead of QQQ

FTQI

+16.5%

QQQ

+12.3%

4.2 pts ahead of QQQ

FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

FTQI

+16.5%

12.1% of it arrived as cash

4.2 pts ahead of QQQ

Total return, distributions reinvested

4.2 pts ahead of QQQ

FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

FTQI

+16.5%

12.1% as cash

4.2 pts ahead of QQQ

12.1% of it arrived as cash. Total return, distributions reinvested. FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

XSPI · since launch to Nov 4, 2026 About even with SPY

XSPI

+12.4%

SPY

+12.1%

About even with SPY

XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

XSPI

+12.4%

13.9% of it arrived as cash

about even with SPY

Total return, distributions reinvested

About even with SPY

XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

XSPI

+12.4%

13.9% as cash

about even with SPY

13.9% of it arrived as cash. Both charts share one scale, with zero at the line. XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

FTQI costs 0.23 points a year less; FTQI is 7.1 times larger.

Points (pts) are percentage points.

FTQI vs XSPI: Dividend Yield & Total Return
Measure	FTQI	XSPI
Paid and earned
Measure	FTQI	XSPI
Total return, 1 year	+16.5%	not published
Price change	rose 3.5% (1 year)	fell 2.3% (since Feb 3, 2026)
Return of capital, issuer estimate	99% of the Oct 30, 2026 payment	98% of the Oct 9, 2026 payment
Against its benchmark
Measure	FTQI	XSPI
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	FTQI	XSPI
Expense ratio	0.75%	0.98%
Net assets, as of Oct 28, 2026	$1.0bn	$140m
Holdings
Measure	FTQI	XSPI
Holdings in common	43%

Method

What they share

43%

By the books each fund has filed, FTQI and XSPI hold 43% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

43% in common

Positions both hold · largest shared weight first FTQI XSPI

Apple Inc. 8.98% 7.92%

NVIDIA Corporation 6.22% 8.10%

Amazon.com, Inc. 4.23% 3.98%

Meta Platforms, Inc. (Class A) 2.67% 2.14%

Tesla, Inc. 3.05% 1.78%

Alphabet Inc. (Class A) 1.72% 2.66%

Alphabet Inc. (Class C) 1.72% 2.12%

Broadcom Inc. 1.64% 2.52%

Microsoft Corporation 1.55% 6.26%

Micron Technology, Inc. 2.01% 1.49%

Advanced Micro Devices, Inc. 4.73% 1.23%

AbbVie Inc. 1.48% 0.81%

Only in one fund ↓

Only in FTQI

Medpace Holdings, Inc. 0.86%

Woodward, Inc. 0.81%

DocuSign, Inc. 0.70%

Texas Roadhouse, Inc. 0.66%

Guardant Health, Inc. 0.65%

InterDigital, Inc. 0.53%

Qualys, Inc. 0.49%

Royalty Pharma Plc (Class A) 0.49%

Only in XSPI

Eli Lilly & Co 1.79%

Berkshire Hathaway Inc 1.65%

JPMORGAN CHASE & CO. 1.45%

SPX US 01/15/27 C7695 1.12%

Visa Inc 1.10%

Walmart Inc 0.87%

Mastercard Inc 0.83%

UnitedHealth Group Inc 0.60%

Check overlap with more funds →

Side by side

FTQI First Trust Nasdaq BuyWrite Income ETF · Covered call on QQQ, paying monthly XSPI NEOS Boosted S&P 500 High Income ETF · Option income on SPY, paying monthly

Issuer First Trust NEOS

Strategy covered call option income

Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 12.3% 16.6%

Expense ratio 0.75% 0.98%

Cash paid, 1 year 12.1% 13.9% (since launch, Feb 3, 2026)

Price change, 1 year +3.5% −2.3% (since launch, Feb 3, 2026)

Total return, 1 year +16.5% +12.4% (since launch, Feb 3, 2026)

Benchmark return, 1 year +12.3% +12.1% (since launch, Feb 3, 2026)

Ahead or behind +4.2 pts +0.3 pts (since launch, Feb 3, 2026)

Return of capital, latest estimate 99% 98%

Age 12.8 years 274 days

Net assets, FTQI as of Nov 3, 2026 and XSPI as of Oct 28, 2026 $997m $140m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: FTQI vs XSPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FTQI	XSPI	FTQI	XSPI	FTQI	XSPI
3 months	+0.4%	+1.1%	3.0%	4.2%	+3.8 pts	+1.2 pts
6 months	+6.6%	+7.0%	6.0%	8.5%	+6.9 pts	+2.0 pts
1 year	+16.5%	–	12.1%	–	+4.3 pts	–
3 years	+60.8%	–	38.1%	–	−30.5 pts	–
Since launchNot the same days: FTQI Jan 2014 · XSPI Feb 2026	+138.8%	+12.4%	81.1%	13.9%	−641.3 pts	+0.3 pts

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Alert

About each fund

FTQI

Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting value in cash distributions while its price rose 3.5%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.3%, paid monthly. First Trust estimates that 99% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

XSPI

Over the period from its first trade on Feb 3, 2026 to Nov 4, 2026, XSPI paid 13.9% of its starting value in cash distributions while its price fell 2.3%. With every distribution reinvested, the fund returned +12.4%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 16.6%, paid monthly. NEOS estimates that 98% of the distribution paid Oct 9, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, FTQI or XSPI?: FTQI charges 0.75% a year and XSPI charges 0.98%, so FTQI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FTQI vs SEPI FTQI vs XRMI FTQI vs XDTE FTQI vs KHPI XSPI vs GPIQ XSPI vs QYLD XSPI vs QQQI XSPI vs QLDY

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →FTQI on its own →XSPI on its own →FTQI dividend history →FTQI holdings →XSPI dividend history →XSPI holdings →Method →Standards and sources →

Sources and dates

FTQI filings on SEC EDGAR ↗

FTQI prospectus with the expense ratio (SEC) ↗

FTQI 19a-1 distribution notice ↗

First Trust page for FTQI ↗

XSPI filings on SEC EDGAR ↗

XSPI prospectus with the expense ratio (SEC) ↗

XSPI 19a-1 distribution notice ↗

NEOS page for XSPI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FTQI against XSPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/ftqi-vs-xspi

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.