Data as of .
NLSI vs QDTY: which paid, and which earned it?
NLSI and QDTY both write options for income.
What they hold in common
By the books each fund has filed, NLSI and QDTY hold 0% of their money in the same securities at the same weight.
| Only in NLSI | Only in QDTY |
|---|---|
| Micron Technology Inc 14.23% | NDX 12/18/2026 1001.26 C 96.19% |
| F5 Inc 3.90% | XND 12/18/2026 10.02 C 3.21% |
| Progressive Corp/The 3.80% | First American Government Obligations Fund 12/01/2031 0.53% |
| Adobe Inc 3.37% | United States Treasury Bill 10/15/2026 0.07% |
| Jack Henry & Associates Inc 3.32% | |
| Universal Health Services Inc 3.23% | |
| Insulet Corp 3.19% | |
| Veeva Systems Inc 3.19% |
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 Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| NLSI | QDTY | NLSI | QDTY | NLSI | QDTY | |
| 3 months | +15.6% | −0.9% | 1.4% | 7.9% | +13.3 pts | +1.6 pts |
| 6 months | +24.6% | +20.7% | 2.8% | 17.3% | +6.6 pts | −3.6 pts |
| 1 year | not published | +20.2% | not published | 30.9% | not published | −1.6 pts |
| Since launch | +19.3% | +27.1% | 4.0% | 42.0% | +7.3 pts | −8.5 pts |
| NLSI NEOS Long/Short Equity Income ETF Option income on SPY, paying monthly | QDTY YieldMax(R) Nasdaq 100 0DTE Covered Call Strategy ETF 0DTE covered call on QQQ, paying weekly | |
|---|---|---|
| Issuer | NEOS | YieldMax |
| Strategy | option income | 0DTE covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | Nasdaq-100 (QQQ) |
| Pays | monthly | weekly |
| Payout rate, annualized | 5.1% | 25.9% |
| Expense ratio | 2.89% | 1.17% |
| Cash paid, 1 year | 4.0% (since launch on Dec 10, 2025) | 30.9% |
| Price change, 1 year | +14.6% | −14.0% |
| Total return, 1 year | +19.3% (since launch on Dec 10, 2025) | +20.2% |
| Benchmark return, 1 year | +12.0% | +21.8% |
| Ahead or behind | +7.3 pts | −1.6 pts |
| Return of capital, latest estimate | 100% | 94% |
| Age | 282 days | 582 days |
| Net assets | $5m | $27m |
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).
QDTY in plain words
Over the year to Sep 18, 2026, QDTY paid 30.9% of its starting value in cash distributions while its price fell 14.0%. With every distribution reinvested, the fund returned +20.2%. Nasdaq-100 (QQQ) returned +21.8% over the same days, so a holder was behind by 1.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 25.9%, paid weekly. YieldMax estimates that 94% of the distribution paid Sep 17, 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, NLSI or QDTY?
- NLSI charges 2.89% a year and QDTY charges 1.17%, so QDTY 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, NLSI against QDTY, data as of Sep 18, 2026. https://etfiq.com/compare/income/nlsi-vs-qdty Free to use with attribution; the underlying files are at Open data.