Which paid more, QQQI or SCLZ?

Over the year to Nov 4, 2026, QQQI paid 13.9% of its starting price in cash and SCLZ paid 8.5%, so QQQI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, QQQI or SCLZ?

With every distribution reinvested, QQQI returned +8.9% and SCLZ +10.6% over the year to Nov 4, 2026.

Which is cheaper, QQQI or SCLZ?

QQQI charges 0.68% a year and SCLZ charges 0.79%, so QQQI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

QQQI vs SCLZ: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QQQI paid 13.9% of its price in cash against SCLZ’s 8.5%, though SCLZ returned more with it reinvested.

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Net assets: $15.5bn on Oct 28, 2026 for NEOS Nasdaq-100 High Income ETF, and $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF.

QQQI on its own →SCLZ on its own →

At a glance

13.9%

QQQI cash paid, 1 year

8.5%

SCLZ cash paid, 1 year

+8.9%

QQQI total return, 1 year

+10.6%

SCLZ total return, 1 year

QQQI · 1 year to Nov 4, 2026 3.4 pts behind QQQ

QQQI

+8.9%

QQQ

+12.3%

3.4 pts behind QQQ

QQQI over 1 year: paid 13.9%, price −5.4%, total +8.9%, QQQ +12.3%, −3.4 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QQQI

+8.9%

13.9% of it arrived as cash

3.4 pts behind QQQ

Total return, distributions reinvested

3.4 pts behind QQQ

QQQI over 1 year: paid 13.9%, price −5.4%, total +8.9%, QQQ +12.3%, −3.4 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QQQI

+8.9%

13.9% cash

3.4 pts behind QQQ

13.9% of it arrived as cash. Total return, distributions reinvested. QQQI over 1 year: paid 13.9%, price −5.4%, total +8.9%, QQQ +12.3%, −3.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SCLZ · 1 year to Nov 4, 2026 4.2 pts behind SPY

SCLZ

+10.6%

SPY

+14.8%

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% of it arrived as cash

4.2 pts behind SPY

Total return, distributions reinvested

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% cash

4.2 pts behind SPY

8.5% of it arrived as cash. Both charts share one scale, with zero at the line. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

QQQI costs 0.11 points a year less; their one-year returns differ by 1.7 points.

Points (pts) are percentage points.

QQQI vs SCLZ: Dividend Yield & Total Return
Measure	QQQI	SCLZ
Paid and earned
Measure	QQQI	SCLZ
Total return, 1 year	+8.9%	+10.6%
Price change, 1 year	fell 5.4%	rose 1.6%
Return of capital, issuer estimate	100% of the Oct 23, 2026 payment
Against its benchmark
Measure	QQQI	SCLZ
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	QQQI	SCLZ
Expense ratio	0.68%	0.79%
Net assets, QQQI as of Oct 28, 2026 and SCLZ as of Jun 30, 2026	$15.5bn	$20m
Holdings
Measure	QQQI	SCLZ
Holdings in common	47%

ETFIQ Distribution Coverage Score · SCLZ scores higher How much of what it paid out did its total return cover?

IQ Income Score42.2QQQI71.6SCLZ

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

QQQI 42.2

SCLZ 71.6

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

47%

By the books each fund has filed, QQQI and SCLZ hold 47% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

47% in common

Positions both hold · largest shared weight first QQQI SCLZ

Apple Inc 7.88% 6.20%

NVIDIA Corp 8.08% 6.03%

Micron Technology Inc 4.34% 7.95%

Amazon.com Inc 4.40% 3.77%

Microsoft Corp 6.31% 3.74%

Advanced Micro Devices Inc 3.56% 5.18%

Meta Platforms Inc 3.00% 3.36%

Alphabet Inc 2.66% 5.22%

Broadcom Inc 2.57% 4.74%

Cisco Systems Inc 1.85% 3.03%

Tesla Inc 3.42% 1.81%

Walmart Inc 2.74% 1.49%

Only in one fund ↓

Only in QQQI

Alphabet Inc 2.48%

Space Exploration Technologies Corp 2.26%

Intel Corp 1.43%

Applied Materials Inc 1.39%

Palo Alto Networks Inc 1.31%

Lam Research Corp 1.30%

Texas Instruments Inc 1.28%

Crowdstrike Holdings Inc 1.13%

Only in SCLZ

ELI LILLY & COMPANY 3.88%

JP MORGAN CHASE & COMPANY 3.53%

BERKSHIRE HATHAWAY INC 3.12%

GE AEROSPACE 2.76%

JOHNSON & JOHNSON 2.43%

VISA INC 2.29%

EXXON MOBIL CORP 1.94%

CATERPILLAR INC 1.86%

Check overlap with more funds →

Side by side

QQQI NEOS Nasdaq-100 High Income ETF · Option income on QQQ, paying monthly SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly

Issuer NEOS Swan

Strategy option income dividend stocks with call overlay

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

Pays monthly monthly

Payout rate, annualized 14.7% 8.7%

Expense ratio 0.68% 0.79%

Cash paid, 1 year 13.9% 8.5%

Price change, 1 year −5.4% +1.6%

Total return, 1 year +8.9% +10.6%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind −3.4 pts −4.2 pts

Return of capital, latest estimate 100% not published

Age 2.8 years 2.7 years

Net assets, QQQI as of Oct 28, 2026 and SCLZ as of Jun 30, 2026 $15.5bn $20m

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: QQQI vs SCLZ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QQQI	SCLZ	QQQI	SCLZ	QQQI	SCLZ
3 months	−2.2%	0.0%	3.5%	2.1%	+1.3 pts	+0.2 pts
6 months	−0.2%	+4.4%	6.9%	4.3%	+0.1 pts	−0.6 pts
1 year	+8.9%	+10.6%	13.9%	8.5%	−3.4 pts	−4.2 pts
Since launchNot the same days: QQQI Jan 2024 · SCLZ Feb 2024	+53.8%	+35.4%	41.2%	21.2%	−11.2 pts	−20.8 pts

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Alert

About each fund

QQQI

Over the year to Nov 4, 2026, QQQI paid 13.9% of its starting value in cash distributions while its price fell 5.4%. With every distribution reinvested, the fund returned +8.9%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 3.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 14.7%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

SCLZ

Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +10.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.7%, paid monthly.

Questions people ask

Which paid more, QQQI or SCLZ?: Over the year to Nov 4, 2026, QQQI paid 13.9% of its starting price in cash and SCLZ paid 8.5%, so QQQI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, QQQI or SCLZ?: With every distribution reinvested, QQQI returned +8.9% and SCLZ +10.6% over the year to Nov 4, 2026.
Which is cheaper, QQQI or SCLZ?: QQQI charges 0.68% a year and SCLZ charges 0.79%, so QQQI is cheaper. Fees come from each fund's prospectus.

Other comparisons

QQQI vs QUSA QQQI vs DRKY QQQI vs SPUT QQQI vs APRH SCLZ vs QYLD SCLZ vs GPIQ SCLZ vs JEPQ SCLZ vs FTQI

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →QQQI on its own →SCLZ on its own →QQQI dividend history →QQQI holdings →SCLZ dividend history →SCLZ holdings →Method →Standards and sources →

Sources and dates

QQQI filings on SEC EDGAR ↗

QQQI prospectus with the expense ratio (SEC) ↗

QQQI 19a-1 distribution notice ↗

NEOS page for QQQI ↗

SCLZ filings on SEC EDGAR ↗

SCLZ prospectus with the expense ratio (SEC) ↗

Swan website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

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, QQQI against SCLZ, data as of Nov 4, 2026. https://etfiq.com/compare/income/qqqi-vs-sclz

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