Data as of Nov 4, 2026.
NLSI vs TDAQ: Dividend Yield & Total Return
NLSI and TDAQ 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 $248m on Jun 30, 2026 for TappAlpha Innovation 100 Growth & Daily Income ETF.
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.About even with QQQ
TDAQ over 1 year: paid 16.8%, price −5.7%, total +12.0%, QQQ +12.3%, −0.3 pts. Data to Nov 4, 2026.
QQQ
+12.3%
TDAQ
+12.0%
16.8% of it arrived as cash
about even with QQQ
Total return, distributions reinvested
About even with QQQ
TDAQ over 1 year: paid 16.8%, price −5.7%, total +12.0%, QQQ +12.3%, −0.3 pts. Data to Nov 4, 2026.
QQQ
+12.3%
TDAQ
+12.0%
16.8% as cash
about even with QQQ
16.8% of it arrived as cash. Both charts share one scale, with zero at the line. TDAQ over 1 year: paid 16.8%, price −5.7%, total +12.0%, QQQ +12.3%, −0.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TDAQ costs 2.21 points a year less.
Points (pts) are percentage points.
| Measure | NLSI | TDAQ |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +12.0% |
| Price change | rose 12.0% (since Dec 10, 2025) | fell 5.7% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 30, 2026 payment | 98% of the Oct 21, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Nasdaq-100, measured through QQQ |
| Against its benchmark, same days | ahead by 5.0 pts | |
| Cost and size | ||
| Expense ratio | 2.89% | 0.68% |
| Net assets, NLSI as of Oct 28, 2026 and TDAQ as of Jun 30, 2026 | $5.3m | $248m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, NLSI and TDAQ hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | NLSI | TDAQ | NLSI | TDAQ | NLSI | TDAQ |
| 3 months | +6.7% | −2.9% | 1.4% | 4.3% | +6.9 pts | +0.5 pts |
| 6 months | +21.4% | −0.5% | 3.0% | 8.4% | +16.4 pts | −0.2 pts |
| 1 year | – | +12.0% | – | 16.8% | – | −0.3 pts |
| Since launchNot the same days: NLSI Dec 2025 · TDAQ Sep 2025 | +17.7% | +21.6% | 5.0% | 19.6% | +4.9 pts | +0.6 pts |
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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.
TDAQ
Over the year to Nov 4, 2026, TDAQ paid 16.8% of its starting value in cash distributions while its price fell 5.7%. With every distribution reinvested, the fund returned +12.0%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 18.2%, paid monthly. TappAlpha estimates that 98% of the distribution paid Oct 21, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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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 TDAQ, data as of Nov 4, 2026. https://etfiq.com/compare/income/nlsi-vs-tdaq
ETFIQ. (Nov 4, 2026). NLSI against TDAQ. Retrieved from https://etfiq.com/compare/income/nlsi-vs-tdaq
[NLSI against TDAQ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/nlsi-vs-tdaq)
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