Data as of .
NLSI vs QVOL: which paid, and which earned it?
NLSI and QVOL both write options for income.
What they hold in common
By the books each fund has filed, NLSI and QVOL hold 11% of their money in the same securities at the same weight.
| Holding | NLSI | QVOL |
|---|---|---|
| Micron Technology Inc | 14.23% | 4.53% |
| NVIDIA Corp | 3.17% | 8.53% |
| Autodesk Inc | 2.40% | 1.17% |
| Intuit Inc | 2.85% | 0.92% |
| NXP Semiconductors NV | 3.02% | 0.89% |
| Dexcom Inc | 2.98% | 0.34% |
| Only in NLSI | Only in QVOL |
|---|---|
| F5 Inc 3.90% | Amazon.com Inc 7.61% |
| Progressive Corp/The 3.80% | Advanced Micro Devices Inc 6.17% |
| Adobe Inc 3.37% | Microsoft Corp 5.05% |
| Jack Henry & Associates Inc 3.32% | Alphabet Inc 4.70% |
| Universal Health Services Inc 3.23% | Alphabet Inc 4.69% |
| Insulet Corp 3.19% | Marvell Technology Inc 4.30% |
| Veeva Systems Inc 3.19% | Broadcom Inc 3.42% |
| PTC Inc 3.18% | Meta Platforms Inc 3.14% |
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 May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| NLSI | QVOL | NLSI | QVOL | NLSI | QVOL | |
| 3 months | +15.6% | −3.7% | 1.4% | 3.0% | +13.3 pts | −1.2 pts |
| 6 months | +24.6% | not published | 2.8% | not published | +6.6 pts | not published |
| Since launch | +19.3% | +4.3% | 4.0% | 4.2% | +7.3 pts | +2.1 pts |
| NLSI NEOS Long/Short Equity Income ETF Option income on SPY, paying monthly | QVOL Infrastructure Capital Nasdaq Option Income ETF Option income on QQQ, paying monthly | |
|---|---|---|
| Issuer | NEOS | Infrastructure Capital |
| Strategy | option income | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | Nasdaq-100 (QQQ) |
| Pays | monthly | monthly |
| Payout rate, annualized | 5.1% | 12.6% |
| Expense ratio | 2.89% | 0.82% |
| Cash paid, 1 year | 4.0% (since launch on Dec 10, 2025) | 4.2% (since launch on May 12, 2026) |
| Price change, 1 year | +14.6% | 0.0% |
| Total return, 1 year | +19.3% (since launch on Dec 10, 2025) | +4.3% (since launch on May 12, 2026) |
| Benchmark return, 1 year | +12.0% | +2.1% |
| Ahead or behind | +7.3 pts | +2.1 pts |
| Return of capital, latest estimate | 100% | not published |
| Age | 282 days | 129 days |
| Net assets | $5m | $8m |
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).
QVOL in plain words
Over the period since launch on May 12, 2026 to Sep 18, 2026, QVOL paid 4.2% of its starting value in cash distributions while its price rose 0.0%. With every distribution reinvested, the fund returned +4.3%. Nasdaq-100 (QQQ) returned +2.1% over the same days, so a holder was ahead by 2.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.6%, 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
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 QVOL, data as of Sep 18, 2026. https://etfiq.com/compare/income/nlsi-vs-qvol Free to use with attribution; the underlying files are at Open data.