Data as of Nov 4, 2026.
NLSI vs YQQQ: Dividend Yield & Total Return
NLSI and YQQQ both write options for income.
askIQ about this page
askIQ about NLSI and YQQQ
Net assets: $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF, and $15m on Nov 3, 2026 for YieldMax Short N100 Option Income Strategy ETF.
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.YQQQ over 1 year: paid 26.8%, price −21.3%, total +6.6%, short QQQ −14.5%, +21.1 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
YQQQ costs 1.78 points a year less; YQQQ is 2.8 times larger.
Points (pts) are percentage points.
| Measure | NLSI | YQQQ |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +6.6% |
| Price change | rose 12.0% (since Dec 10, 2025) | fell 21.3% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 30, 2026 payment | |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Nasdaq-100 (QQQ) held short |
| Against its benchmark, same days | ahead by 5.0 pts | ahead by 21.1 pts |
| Cost and size | ||
| Expense ratio | 2.89% | 1.11% |
| Net assets, as of Oct 28, 2026 | $5.3m | $15m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, NLSI and YQQQ hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 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 | YQQQ | NLSI | YQQQ | NLSI | YQQQ |
| 3 months | +6.7% | +10.7% | 1.4% | 10.6% | +6.9 pts | +8.0 pts |
| 6 months | +21.4% | +9.0% | 3.0% | 15.9% | +16.4 pts | +11.1 pts |
| 1 year | – | +6.6% | – | 26.8% | – | +21.1 pts |
| Since launchNot the same days: NLSI Dec 2025 · YQQQ Aug 2024 | +17.7% | −10.1% | 5.0% | 40.8% | +4.9 pts | +28.7 pts |
– means no data for this window. Open this comparison in the app →
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.
YQQQ
Over the year to Nov 4, 2026, YQQQ paid 26.8% of its starting value in cash distributions while its price fell 21.3%. With every distribution reinvested, the fund returned +6.6%. Nasdaq-100 (QQQ) held short returned −14.5% over the same days, so a holder was ahead by 21.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 22.7%, paid weekly.
Questions people ask
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 YQQQ, data as of Nov 4, 2026. https://etfiq.com/compare/income/nlsi-vs-yqqq
ETFIQ. (Nov 4, 2026). NLSI against YQQQ. Retrieved from https://etfiq.com/compare/income/nlsi-vs-yqqq
[NLSI against YQQQ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/nlsi-vs-yqqq)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.