Data as of Nov 4, 2026.
PCOV vs XQQI: Dividend Yield & Total Return
PCOV and XQQI both write options for income.
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Net assets: $10m on Nov 2, 2026 for Principal Equity Premium Income ETF, and $408m on Oct 28, 2026 for NEOS Boosted Nasdaq-100 High Income ETF.
Not measured
PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
PCOV
−0.1%
Total return, distributions reinvested
Not measured
PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
PCOV
−0.1%
1.9% of it arrived as cash. Total return, distributions reinvested. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.4.9 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%
17.0% cash
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
PCOV costs 0.64 points a year less; XQQI is far larger, $408m against $10m.
Points (pts) are percentage points.
| Measure | PCOV | XQQI |
|---|---|---|
| Paid and earned | ||
| Price change | fell 2.0% (since Aug 19, 2026) | fell 9.2% (since Feb 3, 2026) |
| Return of capital, issuer estimate | 100% of the Oct 9, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.34% | 0.98% |
| Net assets, as of Oct 28, 2026 | $10m | $408m |
| Holdings | ||
| Holdings in common | not published | |
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 | PCOV | XQQI | PCOV | XQQI | PCOV | XQQI |
| 3 months | – | −4.1% | – | 5.0% | – | −0.6 pts |
| 6 months | – | −3.0% | – | 10.0% | – | −2.6 pts |
| Since launchNot the same days: PCOV Aug 2026 · XQQI Feb 2026 | −0.1% | +7.7% | 1.9% | 17.0% | not measured | −4.9 pts |
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PCOV
Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.
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). That is a tax label, not a measure of erosion.
Questions people ask
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How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, PCOV against XQQI, data as of Nov 4, 2026. https://etfiq.com/compare/income/pcov-vs-xqqi
ETFIQ. (Nov 4, 2026). PCOV against XQQI. Retrieved from https://etfiq.com/compare/income/pcov-vs-xqqi
[PCOV against XQQI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/pcov-vs-xqqi)
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