Data as of Nov 4, 2026.
NLSI vs QDTY: Dividend Yield & Total Return
NLSI and QDTY 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 $37m on Nov 3, 2026 for YieldMax 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, 2026.2.2 pts behind QQQ
QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QDTY
+10.1%
30.7% of it arrived as cash
2.2 pts behind QQQ
Total return, distributions reinvested
2.2 pts behind QQQ
QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QDTY
+10.1%
30.7% cash
2.2 pts behind QQQ
30.7% of it arrived as cash. Both charts share one scale, with zero at the line. QDTY over 1 year: paid 30.7%, price −21.9%, total +10.1%, QQQ +12.3%, −2.2 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
QDTY costs 1.72 points a year less; QDTY is 7.4 times larger.
Points (pts) are percentage points.
| Measure | NLSI | QDTY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +10.1% |
| Price change | rose 12.0% (since Dec 10, 2025) | fell 21.9% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 30, 2026 payment | 75% of the Nov 5, 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 | behind by 2.2 pts |
| Cost and size | ||
| Expense ratio | 2.89% | 1.17% |
| Net assets, as of Oct 28, 2026 | $5.3m | $39m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, NLSI and QDTY 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 | QDTY | NLSI | QDTY | NLSI | QDTY |
| 3 months | +6.7% | −2.6% | 1.4% | 7.4% | +6.9 pts | +0.8 pts |
| 6 months | +21.4% | +0.6% | 3.0% | 15.2% | +16.4 pts | +1.0 pts |
| 1 year | – | +10.1% | – | 30.7% | – | −2.2 pts |
| Since launchNot the same days: NLSI Dec 2025 · QDTY Feb 2025 | +17.7% | +21.7% | 5.0% | 45.1% | +4.9 pts | −8.5 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.
QDTY
Over the year to Nov 4, 2026, QDTY paid 30.7% of its starting value in cash distributions while its price fell 21.9%. With every distribution reinvested, the fund returned +10.1%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 2.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 30.9%, paid weekly. YieldMax estimates that 75% of the distribution paid Nov 5, 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 QDTY, data as of Nov 4, 2026. https://etfiq.com/compare/income/nlsi-vs-qdty
ETFIQ. (Nov 4, 2026). NLSI against QDTY. Retrieved from https://etfiq.com/compare/income/nlsi-vs-qdty
[NLSI against QDTY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/nlsi-vs-qdty)
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