Data as of Nov 4, 2026.
NLSI vs QUSA: Dividend Yield & Total Return
NLSI and QUSA 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 $20m on Nov 3, 2026 for VistaShares Target 15 USA Quality 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, 2026.12.9 pts behind SPY
QUSA over 1 year: paid 14.6%, price −12.3%, total +1.9%, SPY +14.8%, −12.9 pts. Data to Nov 4, 2026.
SPY
+14.8%
QUSA
+1.9%
12.9 pts behind SPY
Total return, distributions reinvested
12.9 pts behind SPY
QUSA over 1 year: paid 14.6%, price −12.3%, total +1.9%, SPY +14.8%, −12.9 pts. Data to Nov 4, 2026.
SPY
+14.8%
QUSA
+1.9%
12.9 pts behind SPY
14.6% of it arrived as cash. Both charts share one scale, with zero at the line. QUSA over 1 year: paid 14.6%, price −12.3%, total +1.9%, SPY +14.8%, −12.9 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
QUSA costs 1.92 points a year less; QUSA is 4.0 times larger.
Points (pts) are percentage points.
| Measure | NLSI | QUSA |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +1.9% |
| Price change | rose 12.0% (since Dec 10, 2025) | fell 12.3% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 30, 2026 payment | 100% of the Oct 27, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | S&P 500, measured through SPY |
| Against its benchmark, same days | ahead by 5.0 pts | behind by 12.9 pts |
| Cost and size | ||
| Expense ratio | 2.89% | 0.97% |
| Net assets, as of Oct 28, 2026 | $5.3m | $21m |
| Holdings | ||
| Holdings in common | 9% | |
What they share
By the books each fund has filed, NLSI and QUSA hold 9% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.
half
9% 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 | QUSA | NLSI | QUSA | NLSI | QUSA |
| 3 months | +6.7% | −8.5% | 1.4% | 3.6% | +6.9 pts | −8.4 pts |
| 6 months | +21.4% | −5.5% | 3.0% | 7.3% | +16.4 pts | −10.5 pts |
| 1 year | – | +1.9% | – | 14.6% | – | −12.8 pts |
| Since launchNot the same days: NLSI Dec 2025 · QUSA May 2025 | +17.7% | −1.8% | 5.0% | 17.3% | +4.9 pts | −41.3 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.
QUSA
Over the year to Nov 4, 2026, QUSA paid 14.6% of its starting value in cash distributions while its price fell 12.3%. With every distribution reinvested, the fund returned +1.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 12.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.4%, paid monthly. VistaShares estimates that 100% of the distribution paid Oct 27, 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 QUSA, data as of Nov 4, 2026. https://etfiq.com/compare/income/nlsi-vs-qusa
ETFIQ. (Nov 4, 2026). NLSI against QUSA. Retrieved from https://etfiq.com/compare/income/nlsi-vs-qusa
[NLSI against QUSA (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/nlsi-vs-qusa)
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