Which is cheaper, NLSI or XQQI?

NLSI charges 2.89% a year and XQQI charges 0.98%, so XQQI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

NLSI vs XQQI: Dividend Yield & Total Return

NLSI and XQQI both write options for income.

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Net assets on Oct 28, 2026: $5.3m for NEOS Long/Short Equity Income ETF and $408m for NEOS Boosted Nasdaq-100 High Income ETF.

NLSI on its own →XQQI on its own →

At a glance

5.0%

NLSI cash paid, since launch, Dec 10, 2025

17.0%

XQQI cash paid, since launch, Feb 3, 2026

+17.7%

NLSI total return, since launch, Dec 10, 2025

+7.7%

XQQI total return, since launch, Feb 3, 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.

XQQI · since launch to Nov 4, 2026 4.9 pts behind QQQ

XQQI

+7.7%

QQQ

+12.6%

4.9 pts behind QQQ

XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.

QQQ

+12.6%

XQQI

+7.7%

17.0% of it arrived as cash

4.9 pts behind QQQ

Total return, distributions reinvested

4.9 pts behind QQQ

XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.

QQQ

+12.6%

XQQI

+7.7%

4.9 pts behind QQQ

17.0% of it arrived as cash. Both charts share one scale, with zero at the line. XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

XQQI costs 1.91 points a year less; XQQI is far larger, $408m against $5.3m.

Points (pts) are percentage points.

NLSI vs XQQI: Dividend Yield & Total Return
Measure	NLSI	XQQI
Paid and earned
Measure	NLSI	XQQI
Price change	rose 12.0% (since Dec 10, 2025)	fell 9.2% (since Feb 3, 2026)
Return of capital, issuer estimate	100% of the Oct 30, 2026 payment	100% of the Oct 9, 2026 payment
Against its benchmark
Measure	NLSI	XQQI
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Against its benchmark, same days	ahead by 5.0 pts	behind by 4.9 pts
Cost and size
Measure	NLSI	XQQI
Expense ratio	2.89%	0.98%
Net assets, as of Oct 28, 2026	$5.3m	$408m
Holdings
Measure	NLSI	XQQI
Holdings in common	8%

Method

What they share

By the books each fund has filed, NLSI and XQQI hold 8% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

8% in common

Positions both hold · largest shared weight first NLSI XQQI

Micron Technology Inc 12.00% 4.63%

T-Mobile US Inc 4.14% 0.80%

Seagate Technology Holdings PLC 4.06% 0.66%

Western Digital Corp 2.46% 0.59%

Intuit Inc 4.45% 0.41%

AppLovin Corp 2.75% 0.36%

NXP Semiconductors NV 3.23% 0.32%

PayPal Holdings Inc 4.29% 0.24%

Diamondback Energy Inc 4.22% 0.23%

Teradyne Inc -1.31% 0.20%

Applied Materials Inc -1.44% 1.46%

Alphabet Inc -1.47% 2.90%

Only in one fund ↓

Only in NLSI

Marathon Petroleum Corp 5.94%

Valero Energy Corp 5.14%

Chevron Corp 4.51%

Walt Disney Co 4.42%

Phillips 66 4.39%

Comfort Systems USA Inc 4.30%

American International Group Inc 4.28%

KKR & Co Inc 4.25%

Only in XQQI

NVIDIA Corp 8.71%

Apple Inc 8.50%

Microsoft Corp 6.78%

Advanced Micro Devices Inc 3.78%

Tesla Inc 3.64%

Broadcom Inc 2.78%

Alphabet Inc 2.70%

Costco Wholesale Corp 2.18%

Check overlap with more funds →

Side by side

NLSI NEOS Long/Short Equity Income ETF · Option income on SPY, paying monthly XQQI NEOS Boosted Nasdaq-100 High Income ETF · Option income on QQQ, paying monthly

Issuer NEOS NEOS

Strategy option income option income

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

Pays monthly monthly

Payout rate, annualized 5.6% 20.2%

Expense ratio 2.89% 0.98%

Cash paid, 1 year 5.0% (since launch, Dec 10, 2025) 17.0% (since launch, Feb 3, 2026)

Price change, 1 year +12.0% (since launch, Dec 10, 2025) −9.2% (since launch, Feb 3, 2026)

Total return, 1 year +17.7% (since launch, Dec 10, 2025) +7.7% (since launch, Feb 3, 2026)

Benchmark return, 1 year +12.7% (since launch, Dec 10, 2025) +12.6% (since launch, Feb 3, 2026)

Ahead or behind +5.0 pts (since launch, Dec 10, 2025) −4.9 pts (since launch, Feb 3, 2026)

Return of capital, latest estimate 100% 100%

Age 329 days 274 days

Net assets, as of Oct 28, 2026 $5.3m $408m

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 XQQI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	NLSI	XQQI	NLSI	XQQI	NLSI	XQQI
3 months	+6.7%	−4.1%	1.4%	5.0%	+6.9 pts	−0.6 pts
6 months	+21.4%	−3.0%	3.0%	10.0%	+16.4 pts	−2.6 pts
Since launchNot the same days: NLSI Dec 2025 · XQQI Feb 2026	+17.7%	+7.7%	5.0%	17.0%	+4.9 pts	−4.9 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.

XQQI

Over the period from its first trade on Feb 3, 2026 to Nov 4, 2026, XQQI paid 17.0% of its starting value in cash distributions while its price fell 9.2%. With every distribution reinvested, the fund returned +7.7%. Nasdaq-100 (QQQ) returned +12.6% over the same days, so a holder was behind by 4.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 20.2%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 9, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, NLSI or XQQI?: NLSI charges 2.89% a year and XQQI charges 0.98%, so XQQI is cheaper. Fees come from each fund's prospectus.

Other comparisons

NLSI vs TDAQ NLSI vs ROCQ NLSI vs QDTE NLSI vs FTQI XQQI vs TPRY XQQI vs OCTJ XQQI vs OCTH XQQI 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 →XQQI on its own →NLSI dividend history →NLSI holdings →XQQI dividend history →XQQI holdings →Method →Standards and sources →

Sources and dates

NLSI and XQQI filings on SEC EDGAR ↗

NLSI prospectus with the expense ratio (SEC) ↗

NLSI 19a-1 distribution notice ↗

NEOS page for NLSI ↗

XQQI prospectus with the expense ratio (SEC) ↗

XQQI 19a-1 distribution notice ↗

NEOS page for XQQI ↗

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

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