Data as of Nov 4, 2026.
NLSI vs QDTE: Dividend Yield & Total Return
NLSI and QDTE 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 $881m on Nov 4, 2026 for Roundhill Nasdaq-100 0DTE Covered Call Strategy 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, 2026.1.4 pts ahead of QQQ
QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QDTE
+13.7%
34.7% of it arrived as cash
1.4 pts ahead of QQQ
Total return, distributions reinvested
1.4 pts ahead of QQQ
QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QDTE
+13.7%
34.7% as cash
1.4 pts ahead of QQQ
34.7% of it arrived as cash. Both charts share one scale, with zero at the line. QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
QDTE costs 1.93 points a year less; QDTE is far larger, $919m against $5.3m.
Points (pts) are percentage points.
| Measure | NLSI | QDTE |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +13.7% |
| Price change | rose 12.0% (since Dec 10, 2025) | fell 23.4% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 30, 2026 payment | 100% of the Oct 30, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Nasdaq-100, measured through QQQ |
| Against its benchmark, same days | ahead by 5.0 pts | ahead by 1.4 pts |
| Cost and size | ||
| Expense ratio | 2.89% | 0.96% |
| Net assets, as of Oct 28, 2026 | $5.3m | $919m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, NLSI and QDTE hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 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 | QDTE | NLSI | QDTE | NLSI | QDTE |
| 3 months | +6.7% | −1.6% | 1.4% | 6.3% | +6.9 pts | +1.8 pts |
| 6 months | +21.4% | +1.6% | 3.0% | 14.3% | +16.4 pts | +2.0 pts |
| 1 year | – | +13.7% | – | 34.7% | – | +1.5 pts |
| Since launchNot the same days: NLSI Dec 2025 · QDTE Mar 2024 | +17.7% | +55.2% | 5.0% | 75.6% | +4.9 pts | −2.3 pts |
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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.
QDTE
Over the year to Nov 4, 2026, QDTE paid 34.7% of its starting value in cash distributions while its price fell 23.4%. With every distribution reinvested, the fund returned +13.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 27.9%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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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.
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ETFIQ, NLSI against QDTE, data as of Nov 4, 2026. https://etfiq.com/compare/income/nlsi-vs-qdte
ETFIQ. (Nov 4, 2026). NLSI against QDTE. Retrieved from https://etfiq.com/compare/income/nlsi-vs-qdte
[NLSI against QDTE (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/nlsi-vs-qdte)
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