Data as of Nov 4, 2026.
NLSI vs ODTE: Dividend Yield & Total Return
NLSI and ODTE both write options for income.
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Net assets: $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF, and $2.1m on Nov 3, 2026 for VegaShares SPX NDX RTY Premium Income ETF.
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. Total return, distributions reinvested. 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.Not measured
ODTE since launch: paid 8.3%, price −3.5%, total +4.5%, not measured against a benchmark. Data to Nov 4, 2026.
ODTE
+4.5%
8.3% as cash
Total return, distributions reinvested
Not measured
ODTE since launch: paid 8.3%, price −3.5%, total +4.5%, not measured against a benchmark. Data to Nov 4, 2026.
ODTE
+4.5%
8.3% of it arrived as cash. Both charts share one scale, with zero at the line. ODTE since launch: paid 8.3%, price −3.5%, total +4.5%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
ODTE costs 2.21 points a year less; NLSI is 2.4 times larger.
Points (pts) are percentage points.
| Measure | NLSI | ODTE |
|---|---|---|
| Paid and earned | ||
| Price change | rose 12.0% (since Dec 10, 2025) | fell 7.1% (3 months) |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | its own holdings |
| Against its benchmark, same days | ahead by 5.0 pts | behind by 0.9 pts |
| Cost and size | ||
| Expense ratio | 2.89% | 0.68% |
| Net assets, as of Oct 28, 2026 | $5.3m | $2.2m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, NLSI and ODTE hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | NLSI | ODTE | NLSI | ODTE | NLSI | ODTE |
| 3 months | +6.7% | −3.8% | 1.4% | 3.5% | +6.9 pts | −0.9 pts |
| 6 months | +21.4% | −5.4% | 3.0% | 6.7% | +16.4 pts | not measured |
| Since launchNot the same days: NLSI Dec 2025 · ODTE Apr 2026 | +17.7% | +4.5% | 5.0% | 8.3% | +4.9 pts | not measured |
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). That is a tax label, not a measure of erosion.
ODTE's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned −2.9% over the same days, so a holder was behind by 0.9 pts.
Over the 3 months to Nov 4, 2026, ODTE paid 3.5% of its starting value in cash distributions while its price fell 7.1%. With every distribution reinvested, the fund returned −3.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 14.0%, paid weekly. VegaShares estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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, NLSI against ODTE, data as of Nov 4, 2026. https://etfiq.com/compare/income/nlsi-vs-odte
ETFIQ. (Nov 4, 2026). NLSI against ODTE. Retrieved from https://etfiq.com/compare/income/nlsi-vs-odte
[NLSI against ODTE (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/nlsi-vs-odte)
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