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.

Data as of Nov 4, 2026.

Income ETFs

NLSI vs ROCY: Dividend Yield & Total Return

NLSI and ROCY 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 $884m on Nov 3, 2026 for JPMorgan Equity Premium Yield ETF.

NLSI on its own →ROCY on its own →

At a glance

5.0%

NLSI cash paid, since launch, Dec 10, 2025

4.8%

ROCY cash paid, since launch, Mar 19, 2026

+17.7%

NLSI total return, since launch, Dec 10, 2025

+15.3%

ROCY 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.

ROCY · since launch to Nov 4, 2026 1.8 pts behind SPY

ROCY

+15.3%

SPY

+17.1%

1.8 pts behind SPY

ROCY since launch: paid 4.8%, price +10.2%, total +15.3%, SPY +17.1%, −1.8 pts. Data to Nov 4, 2026.

SPY

+17.1%

ROCY

+15.3%

4.8% as cash

1.8 pts behind SPY

Total return, distributions reinvested

1.8 pts behind SPY

ROCY since launch: paid 4.8%, price +10.2%, total +15.3%, SPY +17.1%, −1.8 pts. Data to Nov 4, 2026.

SPY

+17.1%

ROCY

+15.3%

1.8 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, 0 to +17.7%. ROCY since launch: paid 4.8%, price +10.2%, total +15.3%, SPY +17.1%, −1.8 pts. Data to Nov 4, 2026.

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

Pair scorecard

ROCY costs 2.54 points a year less; ROCY is far larger, $877m against $5.3m.

Points (pts) are percentage points.

NLSI vs ROCY: Dividend Yield & Total Return
Measure	NLSI	ROCY
Paid and earned
Measure	NLSI	ROCY
Price change	rose 12.0% (since Dec 10, 2025)	rose 10.2% (since Mar 19, 2026)
Return of capital, issuer estimate	100% of the Oct 30, 2026 payment
Against its benchmark
Measure	NLSI	ROCY
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 1.8 pts
Cost and size
Measure	NLSI	ROCY
Expense ratio	2.89%	0.35%
Net assets, as of Oct 28, 2026	$5.3m	$877m
Holdings
Measure	NLSI	ROCY
Holdings in common	7%

Method

What they share

By the books each fund has filed, NLSI and ROCY hold 7% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first NLSI ROCY

Micron Technology Inc 12.00% 2.11%

Seagate Technology Holdings PLC 4.06% 0.83%

Hewlett Packard Enterprise Co 3.90% 0.70%

Progressive Corp 4.11% 0.69%

Walt Disney Co 4.42% 0.66%

NXP Semiconductors NV 3.23% 0.61%

Northrop Grumman Corp 3.97% 0.60%

Intuit Inc 4.45% 0.30%

Oracle Corp -0.87% 0.20%

Alphabet Inc -1.47% 4.13%

Walmart Inc -1.47% 0.45%

Charles Schwab Corp -1.49% 0.62%

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 ROCY

NVIDIA CORP COMMON STOCK 8.20%

APPLE INC COMMON STOCK 7.31%

MICROSOFT CORP COMMON 6.59%

BROADCOM INC COMMON 2.17%

WELLS FARGO & CO COMMON 2.02%

EXXONMOBIL HOLDINGS CORP 2.01%

MASTERCARD INC COMMON 1.88%

ELI LILLY AND COMPANY 1.64%

Check overlap with more funds →

Side by side

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

Issuer NEOS JPMorgan

Strategy option income covered call

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 5.6% 6.6%

Expense ratio 2.89% 0.35%

Cash paid, 1 year 5.0% (since launch, Dec 10, 2025) 4.8% (since launch, Mar 19, 2026)

Price change, 1 year +12.0% (since launch, Dec 10, 2025) +10.2% (since launch, Mar 19, 2026)

Total return, 1 year +17.7% (since launch, Dec 10, 2025) +15.3% (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) −1.8 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 ROCY as of Nov 3, 2026 $5.3m $884m

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 ROCY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	NLSI	ROCY	NLSI	ROCY	NLSI	ROCY
3 months	+6.7%	+1.1%	1.4%	1.6%	+6.9 pts	+1.2 pts
6 months	+21.4%	+6.5%	3.0%	3.5%	+16.4 pts	+1.5 pts
Since launchNot the same days: NLSI Dec 2025 · ROCY Mar 2026	+17.7%	+15.3%	5.0%	4.8%	+4.9 pts	−1.9 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.

ROCY

Over the period from its first trade on Mar 19, 2026 to Nov 4, 2026, ROCY paid 4.8% of its starting value in cash distributions while its price rose 10.2%. With every distribution reinvested, the fund returned +15.3%. S&P 500 (SPY) returned +17.1% over the same days, so a holder was behind by 1.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.6%, 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

NLSI vs DIVO NLSI vs SPYI NLSI vs SPIN NLSI vs ACKY ROCY vs DRKY ROCY vs APRH ROCY vs APRJ ROCY vs BIGY

Where to next

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

ROCY filings on SEC EDGAR ↗

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

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