Which is cheaper, NLSI or ROCQ?

NLSI charges 2.89% a year and ROCQ charges 0.35%, so ROCQ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

NLSI vs ROCQ: Dividend Yield & Total Return

NLSI and ROCQ 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 $770m on Nov 3, 2026 for JPMorgan Nasdaq Equity Premium Yield ETF.

NLSI on its own →ROCQ on its own →

At a glance

5.0%

NLSI cash paid, since launch, Dec 10, 2025

7.8%

ROCQ cash paid, since launch, Mar 19, 2026

+17.7%

NLSI total return, since launch, Dec 10, 2025

+11.9%

ROCQ total return, since launch, Mar 19, 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.

ROCQ · since launch to Nov 4, 2026 5.2 pts behind QQQ

ROCQ

+11.9%

QQQ

+17.1%

5.2 pts behind QQQ

ROCQ since launch: paid 7.8%, price +4.3%, total +11.9%, QQQ +17.1%, −5.2 pts. Data to Nov 4, 2026.

QQQ

+17.1%

ROCQ

+11.9%

7.8% of it arrived as cash

5.2 pts behind QQQ

Total return, distributions reinvested

5.2 pts behind QQQ

ROCQ since launch: paid 7.8%, price +4.3%, total +11.9%, QQQ +17.1%, −5.2 pts. Data to Nov 4, 2026.

QQQ

+17.1%

ROCQ

+11.9%

5.2 pts behind QQQ

7.8% of it arrived as cash. Both charts share one scale, 0 to +17.7%. ROCQ since launch: paid 7.8%, price +4.3%, total +11.9%, QQQ +17.1%, −5.2 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +17.7%. Data to Nov 4, 2026.

Pair scorecard

ROCQ costs 2.54 points a year less; ROCQ is far larger, $786m against $5.3m.

Points (pts) are percentage points.

NLSI vs ROCQ: Dividend Yield & Total Return
Measure	NLSI	ROCQ
Paid and earned
Measure	NLSI	ROCQ
Price change	rose 12.0% (since Dec 10, 2025)	rose 4.3% (since Mar 19, 2026)
Return of capital, issuer estimate	100% of the Oct 30, 2026 payment
Against its benchmark
Measure	NLSI	ROCQ
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Against its benchmark, same days	ahead by 5.0 pts	behind by 5.2 pts
Cost and size
Measure	NLSI	ROCQ
Expense ratio	2.89%	0.35%
Net assets, as of Oct 28, 2026	$5.3m	$786m
Holdings
Measure	NLSI	ROCQ
Holdings in common	10%

Method

What they share

10%

By the books each fund has filed, NLSI and ROCQ hold 10% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

10% in common

Positions both hold · largest shared weight first NLSI ROCQ

Micron Technology Inc 12.00% 5.12%

Seagate Technology Holdings PLC 4.06% 1.75%

NXP Semiconductors NV 3.23% 0.96%

Intuit Inc 4.45% 0.64%

Walt Disney Co 4.42% 0.42%

AppLovin Corp 2.75% 0.33%

ServiceNow Inc 4.07% 0.22%

Hewlett Packard Enterprise Co 3.90% 0.21%

Uber Technologies Inc 3.74% 0.20%

Oracle Corp -0.87% 0.16%

Teradyne Inc -1.31% 0.56%

Walmart Inc -1.47% 4.05%

Only in one fund ↓

Only in NLSI

Marathon Petroleum Corp 5.94%

Valero Energy Corp 5.14%

Chevron Corp 4.51%

Phillips 66 4.39%

Comfort Systems USA Inc 4.30%

PayPal Holdings Inc 4.29%

American International Group Inc 4.28%

KKR & Co Inc 4.25%

Only in ROCQ

NVIDIA CORP COMMON STOCK 8.94%

APPLE INC COMMON STOCK 8.27%

MICROSOFT CORP COMMON 7.25%

ALPHABET INC-CL C 5.12%

ADVANCED MICRO DEVICES 4.10%

TESLA INC COMMON STOCK 2.99%

BROADCOM INC COMMON 2.71%

ANALOG DEVICES INC 2.38%

Check overlap with more funds →

Side by side

NLSI NEOS Long/Short Equity Income ETF · Option income on SPY, paying monthly ROCQ JPMorgan Nasdaq Equity Premium Yield ETF · Covered call on QQQ, paying monthly

Issuer NEOS JPMorgan

Strategy option income covered call

Benchmark S&P 500 (SPY) Nasdaq-100 (QQQ)

Pays monthly monthly

Payout rate, annualized 5.6% 11.6%

Expense ratio 2.89% 0.35%

Cash paid, 1 year 5.0% (since launch, Dec 10, 2025) 7.8% (since launch, Mar 19, 2026)

Price change, 1 year +12.0% (since launch, Dec 10, 2025) +4.3% (since launch, Mar 19, 2026)

Total return, 1 year +17.7% (since launch, Dec 10, 2025) +11.9% (since launch, Mar 19, 2026)

Benchmark return, 1 year +12.7% (since launch, Dec 10, 2025) +17.1% (since launch, Mar 19, 2026)

Ahead or behind +5.0 pts (since launch, Dec 10, 2025) −5.2 pts (since launch, Mar 19, 2026)

Return of capital, latest estimate 100% not published

Age 329 days 230 days

Net assets, NLSI as of Oct 28, 2026 and ROCQ as of Nov 3, 2026 $5.3m $770m

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 ROCQ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	NLSI	ROCQ	NLSI	ROCQ	NLSI	ROCQ
3 months	+6.7%	−3.5%	1.4%	2.7%	+6.9 pts	−0.1 pts
6 months	+21.4%	−1.2%	3.0%	5.8%	+16.4 pts	−0.8 pts
Since launchNot the same days: NLSI Dec 2025 · ROCQ Mar 2026	+17.7%	+11.9%	5.0%	7.8%	+4.9 pts	−5.2 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.

ROCQ

Over the period from its first trade on Mar 19, 2026 to Nov 4, 2026, ROCQ paid 7.8% of its starting value in cash distributions while its price rose 4.3%. With every distribution reinvested, the fund returned +11.9%. Nasdaq-100 (QQQ) returned +17.1% over the same days, so a holder was behind by 5.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.6%, paid monthly.

Questions people ask

Which is cheaper, NLSI or ROCQ?: NLSI charges 2.89% a year and ROCQ charges 0.35%, so ROCQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

NLSI vs QDTE NLSI vs FTQI NLSI vs QYLG NLSI vs GPIQ ROCQ vs TPRY ROCQ vs OCTJ ROCQ vs OCTH ROCQ vs SPUT

Where to next

S&P 500 (SPY) →Nasdaq-100 (QQQ) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →NLSI on its own →ROCQ on its own →NLSI dividend history →NLSI holdings →ROCQ dividend history →ROCQ 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 ↗

ROCQ filings on SEC EDGAR ↗

ROCQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

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

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