Which is cheaper, NLSI or QVOL?

NLSI charges 2.89% a year and QVOL charges 0.82%, so QVOL is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

NLSI vs QVOL: Dividend Yield & Total Return

NLSI and QVOL 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 $49m on Aug 31, 2026 for Infrastructure Capital Nasdaq Option Income ETF.

NLSI on its own →QVOL on its own →

At a glance

5.0%

NLSI cash paid, since launch, Dec 10, 2025

6.4%

QVOL cash paid, since launch, May 12, 2026

+17.7%

NLSI total return, since launch, Dec 10, 2025

−7.8%

QVOL total return, since launch, May 12, 2026

NLSI · since launch to Nov 4, 2026 5 pts ahead of SPY

NLSI

+17.7%

SPY

+12.7%

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.

QVOL · since launch to Nov 4, 2026 7 pts behind ONEQ

QVOL

−7.8%

ONEQ

−0.8%

7 pts behind ONEQ

QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

ONEQ

−0.8%

QVOL

−7.8%

7 pts behind ONEQ

Total return, distributions reinvested

7 pts behind ONEQ

QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

ONEQ

−0.8%

QVOL

−7.8%

7 pts behind ONEQ

6.4% of it arrived as cash. Both charts share one scale, with zero at the line. QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

QVOL costs 2.07 points a year less.

Points (pts) are percentage points.

NLSI vs QVOL: Dividend Yield & Total Return
Measure	NLSI	QVOL
Paid and earned
Measure	NLSI	QVOL
Price change	rose 12.0% (since Dec 10, 2025)	fell 13.6% (since May 12, 2026)
Return of capital, issuer estimate	100% of the Oct 30, 2026 payment
Against its benchmark
Measure	NLSI	QVOL
Benchmark	S&P 500, measured through SPY	Fidelity Nasdaq Composite Index ETF, measured through ONEQ
Against its benchmark, same days	ahead by 5.0 pts	behind by 7.0 pts
Cost and size
Measure	NLSI	QVOL
Expense ratio	2.89%	0.82%
Net assets, NLSI as of Oct 28, 2026 and QVOL as of Aug 31, 2026	$5.3m	$49m
Holdings
Measure	NLSI	QVOL
Holdings in common	12%

Method

What they share

12%

By the books each fund has filed, NLSI and QVOL hold 12% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first NLSI QVOL

Micron Technology Inc 12.00% 4.19%

Uber Technologies Inc 3.74% 2.19%

T-Mobile US Inc 4.14% 1.04%

Seagate Technology Holdings PLC 4.06% 0.82%

Western Digital Corp 2.46% 0.74%

AppLovin Corp 2.75% 0.74%

Diamondback Energy Inc 4.22% 0.59%

Intuit Inc 4.45% 0.47%

NXP Semiconductors NV 3.23% 0.43%

ON Semiconductor Corp 4.07% 0.29%

PayPal Holdings Inc 4.29% 0.14%

Oracle Corp -0.87% 4.93%

Only in one fund ↓

Only in NLSI

Marathon Petroleum Corp 5.94%

Valero Energy Corp 5.14%

Chevron Corp 4.51%

Walt Disney Co 4.42%

Phillips 66 4.39%

Comfort Systems USA Inc 4.30%

American International Group Inc 4.28%

KKR & Co Inc 4.25%

Only in QVOL

Broadcom Inc 6.42%

Apple Inc 4.21%

Advanced Micro Devices Inc 4.03%

Marvell Technology Inc 2.56%

Intel Corp 2.38%

Microsoft Corp 2.31%

Netflix Inc 2.11%

CoreWeave Inc 2.00%

Check overlap with more funds →

Side by side

NLSI NEOS Long/Short Equity Income ETF · Option income on SPY, paying monthly QVOL Infrastructure Capital Nasdaq Option Income ETF · Option income on ONEQ, paying monthly

Issuer NEOS Infrastructure Capital

Strategy option income option income

Benchmark S&P 500 (SPY) Fidelity Nasdaq Composite Index ETF (ONEQ)

Pays monthly monthly

Payout rate, annualized 5.6% 15.3%

Expense ratio 2.89% 0.82%

Cash paid, 1 year 5.0% (since launch, Dec 10, 2025) 6.4% (since launch, May 12, 2026)

Price change, 1 year +12.0% (since launch, Dec 10, 2025) −13.6% (since launch, May 12, 2026)

Total return, 1 year +17.7% (since launch, Dec 10, 2025) −7.8% (since launch, May 12, 2026)

Benchmark return, 1 year +12.7% (since launch, Dec 10, 2025) −0.8% (since launch, May 12, 2026)

Ahead or behind +5.0 pts (since launch, Dec 10, 2025) −7.0 pts (since launch, May 12, 2026)

Return of capital, latest estimate 100% not published

Age 329 days 176 days

Net assets, NLSI as of Oct 28, 2026 and QVOL as of Aug 31, 2026 $5.3m $49m

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

Window by window: NLSI vs QVOL: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	NLSI	QVOL	NLSI	QVOL	NLSI	QVOL
3 months	+6.7%	−12.2%	1.4%	3.2%	+6.9 pts	−10.0 pts
6 months	+21.4%	–	3.0%	–	+16.4 pts	–
Since launchNot the same days: NLSI Dec 2025 · QVOL May 2026	+17.7%	−7.8%	5.0%	6.4%	+4.9 pts	−7.0 pts

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Alert

About each fund

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.

QVOL

Over the period from its first trade on May 12, 2026 to Nov 4, 2026, QVOL paid 6.4% of its starting value in cash distributions while its price fell 13.6%. With every distribution reinvested, the fund returned −7.8%. Fidelity Nasdaq Composite Index ETF (ONEQ) returned −0.8% over the same days, so a holder was behind by 7.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.3%, paid monthly.

Questions people ask

Which is cheaper, NLSI or QVOL?: NLSI charges 2.89% a year and QVOL charges 0.82%, so QVOL is cheaper. Fees come from each fund's prospectus.

Other comparisons

NLSI vs YSPC NLSI vs VAIE NLSI vs YLDE NLSI vs SDVD QVOL vs ACKY QVOL vs TPRY QVOL vs SPUT QVOL vs SCLZ

Where to next

S&P 500 (SPY) →Fidelity Nasdaq Composite Index ETF (ONEQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →NLSI on its own →QVOL on its own →NLSI dividend history →NLSI holdings →QVOL dividend history →QVOL holdings →Method →Standards and sources →

Sources and dates

NLSI filings on SEC EDGAR ↗

NLSI prospectus with the expense ratio (SEC) ↗

NLSI 19a-1 distribution notice ↗

NEOS page for NLSI ↗

QVOL filings on SEC EDGAR ↗

QVOL prospectus with the expense ratio (SEC) ↗

Infrastructure Capital page for QVOL ↗

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 QVOL, data as of Nov 4, 2026. https://etfiq.com/compare/income/nlsi-vs-qvol

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.