Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

NLSI vs ROCY: which paid, and which earned it?

NLSI and ROCY both write options for income.

NEOS Long/Short Equity Income ETF and JPMorgan Equity Premium Yield ETF.

4.0%NLSI cash paid, 1 year
3.6%ROCY cash paid, 1 year
+19.3%NLSI total return, 1 year
+13.5%ROCY total return, 1 year
NLSI7.3 pts ahead of SPY · since launch to Sep 18, 2026
SPY+12.0%NLSI+19.3%4.0% as cash7.3 pts ahead of SPYTotal return, distributions reinvestedSPY+12.0%NLSI+19.3%7.3 pts ahead of SPY
ROCY2.9 pts behind SPY · since launch to Sep 18, 2026
SPY+16.4%ROCY+13.5%3.6% as cash2.9 pts behind SPYTotal return, distributions reinvestedSPY+16.4%ROCY+13.5%2.9 pts behind SPY

What they hold in common

By the books each fund has filed, NLSI and ROCY hold 11% of their money in the same securities at the same weight.

Positions NLSI and ROCY both hold, largest shared weight first
HoldingNLSIROCY
NVIDIA Corp3.17%8.37%
Micron Technology Inc14.23%3.00%
Mastercard Inc2.86%1.57%
Progressive Corp/The3.80%0.70%
NXP Semiconductors NV3.02%0.69%
Hewlett Packard Enterprise Co2.98%0.63%
CME Group Inc2.28%0.47%
Intuit Inc2.85%0.27%
Autodesk Inc2.40%0.13%
Only in each
Only in NLSIOnly in ROCY
F5 Inc 3.90%Apple, Inc. 6.71%
Adobe Inc 3.37%Alphabet, Inc. 5.33%
Jack Henry & Associates Inc 3.32%Microsoft Corp. 4.97%
Universal Health Services Inc 3.23%Amazon.com, Inc. 4.15%
Insulet Corp 3.19%Broadcom, Inc. 2.61%
Veeva Systems Inc 3.19%Meta Platforms, Inc. 2.43%
PTC Inc 3.18%Wells Fargo & Co. 2.15%
Marathon Petroleum Corp 3.13%Lam Research Corp. 1.76%

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.

Performance, window by window

NLSI and ROCY over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
NLSIROCYNLSIROCYNLSIROCY
3 months+15.6%+2.6%1.4%1.7%+13.3 pts+0.3 pts
6 months+24.6%+14.8%2.8%3.7%+6.6 pts−3.3 pts
Since launch+19.3%+13.5%4.0%3.6%+7.3 pts−2.9 pts
Open the live comparison on ETFIQ
NLSI and ROCY on the same fields, as of Sep 18, 2026. Source: ETFIQ.
NLSI
NEOS Long/Short Equity Income ETF
Option income on SPY, paying monthly
ROCY
JPMorgan Equity Premium Yield ETF
Covered call on SPY, paying monthly
IssuerNEOSJPMorgan
Strategyoption incomecovered call
BenchmarkS&P 500 (SPY), used as a default proxyS&P 500 (SPY), used as a default proxy
Paysmonthlymonthly
Payout rate, annualized5.1%5.7%
Expense ratio2.89%0.35%
Cash paid, 1 year4.0% (since launch on Dec 10, 2025)3.6% (since launch on Mar 19, 2026)
Price change, 1 year+14.6%+9.7%
Total return, 1 year+19.3% (since launch on Dec 10, 2025)+13.5% (since launch on Mar 19, 2026)
Benchmark return, 1 year+12.0%+16.4%
Ahead or behind+7.3 pts−2.9 pts
Return of capital, latest estimate100%not published
Age282 days183 days
Net assets$5m$726m

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).

ROCY in plain words

Over the period since launch on Mar 19, 2026 to Sep 18, 2026, ROCY paid 3.6% of its starting value in cash distributions while its price rose 9.7%. With every distribution reinvested, the fund returned +13.5%. S&P 500 (SPY), used as a default proxy returned +16.4% over the same days, so a holder was behind by 2.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 5.7%, paid monthly.

Questions people ask

Which is cheaper, NLSI or ROCY?
NLSI charges 2.89% a year and ROCY charges 0.35%, so ROCY 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.

NLSI against ROCY, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, NLSI against ROCY, data as of Sep 18, 2026. https://etfiq.com/compare/income/nlsi-vs-rocy Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources