Data as of .
JUDO vs NLSI: which paid, and which earned it?
JUDO and NLSI both write options for income.
What they hold in common
By the books each fund has filed, JUDO and NLSI hold 10% of their money in the same securities at the same weight.
| Holding | JUDO | NLSI |
|---|---|---|
| NVIDIA Corp. | 8.32% | 3.17% |
| Micron Technology, Inc. | 1.90% | 14.23% |
| Mastercard, Inc. | 1.64% | 2.86% |
| Progressive Corp. (The) | 0.82% | 3.80% |
| Intercontinental Exchange, Inc. | 0.77% | 2.83% |
| Zoetis, Inc. | 0.70% | 2.94% |
| Intuit, Inc. | 0.63% | 2.85% |
| Only in JUDO | Only in NLSI |
|---|---|
| Alphabet, Inc. 7.49% | F5 Inc 3.90% |
| Microsoft Corp. 6.00% | Adobe Inc 3.37% |
| Amazon.com, Inc. 5.20% | Jack Henry & Associates Inc 3.32% |
| Apple, Inc. 4.88% | Universal Health Services Inc 3.23% |
| Broadcom, Inc. 3.92% | Insulet Corp 3.19% |
| JPMorgan Chase & Co. 2.30% | Veeva Systems Inc 3.19% |
| Eli Lilly & Co. 2.30% | PTC Inc 3.18% |
| Meta Platforms, Inc. 1.75% | Marathon Petroleum Corp 3.13% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| JUDO | NLSI | JUDO | NLSI | JUDO | NLSI | |
| 3 months | +1.8% | +15.6% | 1.5% | 1.4% | −0.5 pts | +13.3 pts |
| 6 months | not published | +24.6% | not published | 2.8% | not published | +6.6 pts |
| Since launch | +14.7% | +19.3% | 2.6% | 4.0% | −1.8 pts | +7.3 pts |
| JUDO Janus Henderson U.S. Equity Enhanced Income ETF Covered call on SPY, paying monthly | NLSI NEOS Long/Short Equity Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Janus Henderson | NEOS |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 6.4% | 5.1% |
| Expense ratio | 0.55% | 2.89% |
| Cash paid, 1 year | 2.6% (since launch on Mar 25, 2026) | 4.0% (since launch on Dec 10, 2025) |
| Price change, 1 year | +12.1% | +14.6% |
| Total return, 1 year | +14.7% (since launch on Mar 25, 2026) | +19.3% (since launch on Dec 10, 2025) |
| Benchmark return, 1 year | +16.6% | +12.0% |
| Ahead or behind | −1.8 pts | +7.3 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 177 days | 282 days |
| Net assets | $7m | $5m |
JUDO in plain words
Over the period since launch on Mar 25, 2026 to Sep 18, 2026, JUDO paid 2.6% of its starting value in cash distributions while its price rose 12.1%. With every distribution reinvested, the fund returned +14.7%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 1.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.4%, paid monthly.
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, JUDO or NLSI?
- JUDO charges 0.55% a year and NLSI charges 2.89%, so JUDO 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, JUDO against NLSI, data as of Sep 18, 2026. https://etfiq.com/compare/income/judo-vs-nlsi Free to use with attribution; the underlying files are at Open data.