Data as of .
KIQQ vs SPYI: which paid, and which earned it?
KIQQ and SPYI both write options for income.
What they hold in common
By the books each fund has filed, KIQQ and SPYI hold 55% of their money in the same securities at the same weight.
| Holding | KIQQ | SPYI |
|---|---|---|
| NVIDIA CORP | 8.90% | 8.28% |
| APPLE INC | 8.20% | 7.52% |
| MICROSOFT CORP | 6.17% | 5.62% |
| AMAZON.COM INC | 4.50% | 3.82% |
| ALPHABET INC-CL A | 3.40% | 3.12% |
| BROADCOM INC | 2.76% | 2.59% |
| ALPHABET INC-CL C | 3.15% | 2.50% |
| META PLATFORMS INC | 3.31% | 2.22% |
| MICRON TECHNOLOGY INC | 5.14% | 1.74% |
| TESLA INC | 3.19% | 1.58% |
| ADVANCED MICRO DEVICES | 4.21% | 1.41% |
| INTEL CORP | 2.66% | 0.82% |
| Only in KIQQ | Only in SPYI |
|---|---|
| +NDXDBHIO/-FED FUNDS 100.58% | Berkshire Hathaway Inc 1.43% |
| SPACE EXPLORATION TECHN-CL A 3.07% | JPMORGAN CHASE & CO. 1.43% |
| ASML HOLDING NV-NY REG SHS 0.74% | Eli Lilly & Co 1.42% |
| SHOPIFY INC - CLASS A 0.74% | ExxonMobil Holdings Corp 1.03% |
| ARM HOLDINGS PLC-ADR 0.54% | Johnson & Johnson 0.99% |
| MERCADOLIBRE INC 0.43% | Visa Inc 0.93% |
| Cash 0.37% | AbbVie Inc 0.71% |
| PDD HOLDINGS INC 0.25% | Mastercard Inc 0.70% |
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 Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| KIQQ | SPYI | KIQQ | SPYI | KIQQ | SPYI | |
| 3 months | −3.2% | +3.1% | 1.9% | 3.0% | −0.7 pts | +0.9 pts |
| 6 months | +11.9% | +14.4% | 4.5% | 6.5% | −12.3 pts | −3.6 pts |
| 1 year | not published | +15.3% | not published | 13.1% | not published | −1.2 pts |
| 3 years | not published | +57.2% | not published | 38.6% | not published | −21.2 pts |
| Since launch | +6.0% | +77.1% | 5.8% | 50.3% | −9.9 pts | −25.3 pts |
| KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF Buffer with income on QQQ, paying monthly | SPYI NEOS S&P 500(R) High 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 | 6.3% | 12.1% |
| Expense ratio | 0.79% | 0.68% |
| Cash paid, 1 year | 5.8% (since launch on Jan 7, 2026) | 13.1% |
| Price change, 1 year | −0.1% | +1.2% |
| Total return, 1 year | +6.0% (since launch on Jan 7, 2026) | +15.3% |
| Benchmark return, 1 year | +15.9% | +16.6% |
| Ahead or behind | −9.9 pts | −1.2 pts |
| Return of capital, latest estimate | not published | 93% |
| Age | 254 days | 1480 days |
| Net assets | $3m | $12.2bn |
KIQQ in plain words
Over the period since launch on Jan 7, 2026 to Sep 18, 2026, KIQQ paid 5.8% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +6.0%. Nasdaq-100 (QQQ) returned +15.9% over the same days, so a holder was behind by 9.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.3%, paid monthly.
SPYI in plain words
Over the year to Sep 18, 2026, SPYI paid 13.1% of its starting value in cash distributions while its price rose 1.2%. With every distribution reinvested, the fund returned +15.3%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 1.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.1%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 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, KIQQ or SPYI?
- KIQQ charges 0.79% a year and SPYI charges 0.68%, so SPYI 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, KIQQ against SPYI, data as of Sep 18, 2026. https://etfiq.com/compare/income/kiqq-vs-spyi Free to use with attribution; the underlying files are at Open data.