Which is cheaper, ISPY or XQQI?

ISPY charges 0.55% a year and XQQI charges 0.98%, so ISPY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

ISPY vs XQQI: Dividend Yield & Total Return

ISPY and XQQI both write options for income.

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Net assets: $1.2bn on Nov 4, 2026 for ProShares S&P 500 High Income ETF, and $408m on Oct 28, 2026 for NEOS Boosted Nasdaq-100 High Income ETF.

ISPY on its own →XQQI on its own →

At a glance

6.2%

ISPY cash paid, 1 year

17.0%

XQQI cash paid, since launch, Feb 3, 2026

+11.3%

ISPY total return, 1 year

+7.7%

XQQI total return, since launch, Feb 3, 2026

ISPY · 1 year to Nov 4, 2026 3.5 pts behind SPY

ISPY

+11.3%

SPY

+14.8%

3.5 pts behind SPY

ISPY over 1 year: paid 6.2%, price +4.8%, total +11.3%, SPY +14.8%, −3.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

ISPY

+11.3%

6.2% of it arrived as cash

3.5 pts behind SPY

Total return, distributions reinvested

3.5 pts behind SPY

ISPY over 1 year: paid 6.2%, price +4.8%, total +11.3%, SPY +14.8%, −3.5 pts. Data to Nov 4, 2026.

SPY

+14.8%

ISPY

+11.3%

3.5 pts behind SPY

6.2% of it arrived as cash. Total return, distributions reinvested. ISPY over 1 year: paid 6.2%, price +4.8%, total +11.3%, SPY +14.8%, −3.5 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

XQQI · since launch to Nov 4, 2026 4.9 pts behind QQQ

XQQI

+7.7%

QQQ

+12.6%

4.9 pts behind QQQ

XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.

QQQ

+12.6%

XQQI

+7.7%

17.0% of it arrived as cash

4.9 pts behind QQQ

Total return, distributions reinvested

4.9 pts behind QQQ

XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.

QQQ

+12.6%

XQQI

+7.7%

4.9 pts behind QQQ

17.0% of it arrived as cash. Both charts share one scale, with zero at the line. XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

ISPY costs 0.43 points a year less; ISPY is 2.9 times larger.

Points (pts) are percentage points.

ISPY vs XQQI: Dividend Yield & Total Return
Measure	ISPY	XQQI
Paid and earned
Measure	ISPY	XQQI
Total return, 1 year	+11.3%	not published
Price change	rose 4.8% (1 year)	fell 9.2% (since Feb 3, 2026)
Return of capital, issuer estimate	87% of the Nov 6, 2026 payment	100% of the Oct 9, 2026 payment
Against its benchmark
Measure	ISPY	XQQI
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Cost and size
Measure	ISPY	XQQI
Expense ratio	0.55%	0.98%
Net assets, as of Oct 28, 2026	$1.2bn	$408m
Holdings
Measure	ISPY	XQQI
Holdings in common	45%

Method

What they share

45%

By the books each fund has filed, ISPY and XQQI hold 45% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

45% in common

Positions both hold · largest shared weight first ISPY XQQI

NVIDIA Corp. 6.80% 8.71%

Apple, Inc. 5.92% 8.50%

Microsoft Corp. 4.80% 6.78%

Amazon.com, Inc. 3.24% 4.74%

Alphabet, Inc. 2.53% 2.90%

Broadcom, Inc. 2.23% 2.78%

Alphabet, Inc. 2.02% 2.70%

Meta Platforms, Inc. 1.60% 3.22%

Micron Technology, Inc. 1.38% 4.63%

Tesla, Inc. 1.32% 3.64%

Advanced Micro Devices, Inc. 0.98% 3.78%

Walmart, Inc. 0.58% 2.93%

Only in one fund ↓

Only in ISPY

JPMorgan Chase & Co. 1.22%

Berkshire Hathaway, Inc. 1.18%

Eli Lilly & Co. 1.16%

ExxonMobil Holdings Corp. 0.85%

Johnson & Johnson 0.81%

Visa, Inc. 0.80%

Mastercard, Inc. 0.60%

AbbVie, Inc. 0.58%

Only in XQQI

Space Exploration Technologies Corp 1.03%

Shopify Inc 0.85%

ASML Holding NV 0.72%

NDX US 01/15/27 C30500 0.71%

ARM Holdings PLC 0.43%

MercadoLibre Inc 0.40%

Coca-Cola Europacific Partners PLC 0.24%

PDD Holdings Inc 0.22%

Check overlap with more funds →

Side by side

ISPY ProShares S&P 500 High Income ETF · Option income on SPY, paying monthly XQQI NEOS Boosted Nasdaq-100 High Income ETF · Option income on QQQ, paying monthly

Issuer ProShares NEOS

Strategy option income option income

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

Pays monthly monthly

Payout rate, annualized 6.0% 20.2%

Expense ratio 0.55% 0.98%

Cash paid, 1 year 6.2% 17.0% (since launch, Feb 3, 2026)

Price change, 1 year +4.8% −9.2% (since launch, Feb 3, 2026)

Total return, 1 year +11.3% +7.7% (since launch, Feb 3, 2026)

Benchmark return, 1 year +14.8% +12.6% (since launch, Feb 3, 2026)

Ahead or behind −3.5 pts −4.9 pts (since launch, Feb 3, 2026)

Return of capital, latest estimate 87% 100%

Age 2.9 years 274 days

Net assets, ISPY as of Nov 4, 2026 and XQQI as of Oct 28, 2026 $1.2bn $408m

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: ISPY vs XQQI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ISPY	XQQI	ISPY	XQQI	ISPY	XQQI
3 months	−0.5%	−4.1%	1.5%	5.0%	−0.3 pts	−0.6 pts
6 months	+3.8%	−3.0%	3.1%	10.0%	−1.2 pts	−2.6 pts
1 year	+11.3%	–	6.2%	–	−3.5 pts	–
Since launchNot the same days: ISPY Dec 2023 · XQQI Feb 2026	+54.0%	+7.7%	27.1%	17.0%	−15.1 pts	−4.9 pts

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Alert

About each fund

ISPY

Over the year to Nov 4, 2026, ISPY paid 6.2% of its starting value in cash distributions while its price rose 4.8%. With every distribution reinvested, the fund returned +11.3%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 3.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.0%, paid monthly. ProShares estimates that 87% of the distribution paid Nov 6, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

XQQI

Over the period from its first trade on Feb 3, 2026 to Nov 4, 2026, XQQI paid 17.0% of its starting value in cash distributions while its price fell 9.2%. With every distribution reinvested, the fund returned +7.7%. Nasdaq-100 (QQQ) returned +12.6% over the same days, so a holder was behind by 4.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 20.2%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 9, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, ISPY or XQQI?: ISPY charges 0.55% a year and XQQI charges 0.98%, so ISPY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ISPY vs IQQQ ISPY vs TDAQ ISPY vs ROCQ ISPY vs QDTE XQQI vs OCTJ XQQI vs JANJ XQQI vs JULJ XQQI vs JANH

Where to next

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

Sources and dates

ISPY filings on SEC EDGAR ↗

ISPY prospectus with the expense ratio (SEC) ↗

ISPY 19a-1 distribution notice ↗

ProShares page for ISPY ↗

XQQI filings on SEC EDGAR ↗

XQQI prospectus with the expense ratio (SEC) ↗

XQQI 19a-1 distribution notice ↗

NEOS page for XQQI ↗

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, ISPY against XQQI, data as of Nov 4, 2026. https://etfiq.com/compare/income/ispy-vs-xqqi

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