Which is cheaper, KIQQ or NLSI?

KIQQ charges 0.79% a year and NLSI charges 2.89%, so KIQQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

KIQQ vs NLSI: Dividend Yield & Total Return

KIQQ and NLSI both write options for income.

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Net assets: $2.4m on Nov 4, 2026 for KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF, and $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF.

KIQQ on its own →NLSI on its own →

At a glance

6.9%

KIQQ cash paid, since launch, Jan 7, 2026

5.0%

NLSI cash paid, since launch, Dec 10, 2025

+0.9%

KIQQ total return, since launch, Jan 7, 2026

+17.7%

NLSI total return, since launch, Dec 10, 2025

KIQQ · since launch to Nov 4, 2026 10.4 pts behind QQQ

KIQQ

+0.9%

QQQ

+11.3%

10.4 pts behind QQQ

KIQQ since launch: paid 6.9%, price −6.0%, total +0.9%, QQQ +11.3%, −10.4 pts. Data to Nov 4, 2026.

QQQ

+11.3%

KIQQ

+0.9%

10.4 pts behind QQQ

Total return, distributions reinvested

10.4 pts behind QQQ

KIQQ since launch: paid 6.9%, price −6.0%, total +0.9%, QQQ +11.3%, −10.4 pts. Data to Nov 4, 2026.

QQQ

+11.3%

KIQQ

+0.9%

10.4 pts behind QQQ

6.9% of it arrived as cash. Total return, distributions reinvested. KIQQ since launch: paid 6.9%, price −6.0%, total +0.9%, QQQ +11.3%, −10.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

NLSI · since launch to Nov 4, 2026 5 pts ahead of SPY

NLSI

+17.7%

SPY

+12.7%

5 pts ahead of SPY

NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

SPY

+12.7%

NLSI

+17.7%

5.0% as cash

5 pts ahead of SPY

Total return, distributions reinvested

5 pts ahead of SPY

NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

SPY

+12.7%

NLSI

+17.7%

5 pts ahead of SPY

5.0% of it arrived as cash. Both charts share one scale, with zero at the line. NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

KIQQ costs 2.10 points a year less; NLSI is 2.1 times larger.

Points (pts) are percentage points.

KIQQ vs NLSI: Dividend Yield & Total Return
Measure	KIQQ	NLSI
Paid and earned
Measure	KIQQ	NLSI
Price change	fell 6.0% (since Jan 7, 2026)	rose 12.0% (since Dec 10, 2025)
Return of capital, issuer estimate	99% of the Sep 30, 2026 payment	100% of the Oct 30, 2026 payment
Against its benchmark
Measure	KIQQ	NLSI
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Against its benchmark, same days	behind by 10.4 pts	ahead by 5.0 pts
Cost and size
Measure	KIQQ	NLSI
Expense ratio	0.79%	2.89%
Net assets, as of Oct 28, 2026	$2.5m	$5.3m
Holdings
Measure	KIQQ	NLSI
Holdings in common	8%

Method

What they share

By the books each fund has filed, KIQQ and NLSI hold 8% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

8% in common

Positions both hold · largest shared weight first KIQQ NLSI

MICRON TECHNOLOGY INC 4.32% 12.00%

T-MOBILE US INC 0.82% 4.14%

SEAGATE TECHNOLOGY HOLDINGS 0.59% 4.06%

WESTERN DIGITAL CORP 0.55% 2.46%

INTUIT INC 0.48% 4.45%

APPLOVIN CORP-CLASS A 0.40% 2.75%

NXP SEMICONDUCTORS NV 0.33% 3.23%

DIAMONDBACK ENERGY INC 0.26% 4.22%

PAYPAL HOLDINGS INC 0.25% 4.29%

TERADYNE INC 0.18% -1.31%

APPLIED MATERIALS INC 1.41% -1.44%

ALPHABET INC-CL A 2.99% -1.47%

Only in one fund ↓

Only in KIQQ

+NDXDBHIO/-FED FUNDS 97.94%

APPLE INC 9.00%

NVIDIA CORP 8.54%

MICROSOFT CORP 7.18%

ADVANCED MICRO DEVICES 3.92%

TESLA INC 3.55%

SPACE EXPLORATION TECHN-CL A 2.87%

ALPHABET INC-CL C 2.81%

Only in NLSI

Marathon Petroleum Corp 5.94%

Valero Energy Corp 5.14%

Chevron Corp 4.51%

Walt Disney Co 4.42%

Phillips 66 4.39%

Comfort Systems USA Inc 4.30%

American International Group Inc 4.28%

KKR & Co Inc 4.25%

Check overlap with more funds →

Side by side

KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF · Buffer with income on QQQ, paying monthly NLSI NEOS Long/Short Equity Income ETF · Option income on SPY, paying monthly

Issuer KraneShares NEOS

Strategy buffer with income option income

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

Pays monthly monthly

Payout rate, annualized 7.5% 5.6%

Expense ratio 0.79% 2.89%

Cash paid, 1 year 6.9% (since launch, Jan 7, 2026) 5.0% (since launch, Dec 10, 2025)

Price change, 1 year −6.0% (since launch, Jan 7, 2026) +12.0% (since launch, Dec 10, 2025)

Total return, 1 year +0.9% (since launch, Jan 7, 2026) +17.7% (since launch, Dec 10, 2025)

Benchmark return, 1 year +11.3% (since launch, Jan 7, 2026) +12.7% (since launch, Dec 10, 2025)

Ahead or behind −10.4 pts (since launch, Jan 7, 2026) +5.0 pts (since launch, Dec 10, 2025)

Return of capital, latest estimate 99% 100%

Age 301 days 329 days

Net assets, KIQQ as of Nov 4, 2026 and NLSI as of Oct 28, 2026 $2.4m $5.3m

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: KIQQ vs NLSI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	KIQQ	NLSI	KIQQ	NLSI	KIQQ	NLSI
3 months	−3.7%	+6.7%	1.7%	1.4%	−0.2 pts	+6.9 pts
6 months	−4.4%	+21.4%	3.7%	3.0%	−4.0 pts	+16.4 pts
Since launchNot the same days: KIQQ Jan 2026 · NLSI Dec 2025	+0.9%	+17.7%	6.9%	5.0%	−10.4 pts	+4.9 pts

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Alert

About each fund

KIQQ

Over the period from its first trade on Jan 7, 2026 to Nov 4, 2026, KIQQ paid 6.9% of its starting value in cash distributions while its price fell 6.0%. With every distribution reinvested, the fund returned +0.9%. Nasdaq-100 (QQQ) returned +11.3% over the same days, so a holder was behind by 10.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 7.5%, paid monthly. KraneShares estimates that 99% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

NLSI

Over the period from its first trade on Dec 10, 2025 to Nov 4, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 12.0%. With every distribution reinvested, the fund returned +17.7%. S&P 500 (SPY) returned +12.7% over the same days, so a holder was ahead by 5.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.6%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, KIQQ or NLSI?: KIQQ charges 0.79% a year and NLSI charges 2.89%, so KIQQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

KIQQ vs TPRY KIQQ vs OCTJ KIQQ vs OCTH KIQQ vs SPUT NLSI vs ACQQ NLSI vs QRMI NLSI vs QDTY NLSI vs BALQ

Where to next

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

Sources and dates

KIQQ filings on SEC EDGAR ↗

KIQQ prospectus with the expense ratio (SEC) ↗

KIQQ 19a-1 distribution notice ↗

KraneShares page for KIQQ ↗

NLSI filings on SEC EDGAR ↗

NLSI prospectus with the expense ratio (SEC) ↗

NLSI 19a-1 distribution notice ↗

NEOS page for NLSI ↗

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, KIQQ against NLSI, data as of Nov 4, 2026. https://etfiq.com/compare/income/kiqq-vs-nlsi

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