Which is cheaper, QRMI or XSPI?

QRMI charges 0.60% a year and XSPI charges 0.98%, so QRMI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

QRMI vs XSPI: Dividend Yield & Total Return

QRMI and XSPI both write options for income.

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Net assets: $15m on Oct 12, 2026 for Global X NASDAQ 100 Risk Managed Income ETF, and $140m on Oct 28, 2026 for NEOS Boosted S&P 500 High Income ETF.

QRMI on its own →XSPI on its own →

At a glance

11.6%

QRMI cash paid, 1 year

13.9%

XSPI cash paid, since launch, Feb 3, 2026

+3.7%

QRMI total return, 1 year

+12.4%

XSPI total return, since launch, Feb 3, 2026

QRMI · 1 year to Nov 4, 2026 8.6 pts behind QQQ

QRMI

+3.7%

QQQ

+12.3%

8.6 pts behind QQQ

QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QRMI

+3.7%

11.6% as cash

8.6 pts behind QQQ

Total return, distributions reinvested

8.6 pts behind QQQ

QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QRMI

+3.7%

8.6 pts behind QQQ

11.6% of it arrived as cash. Total return, distributions reinvested. QRMI over 1 year: paid 11.6%, price −8.1%, total +3.7%, QQQ +12.3%, −8.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

XSPI · since launch to Nov 4, 2026 About even with SPY

XSPI

+12.4%

SPY

+12.1%

About even with SPY

XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

XSPI

+12.4%

13.9% of it arrived as cash

about even with SPY

Total return, distributions reinvested

About even with SPY

XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

XSPI

+12.4%

13.9% as cash

about even with SPY

13.9% of it arrived as cash. Both charts share one scale, with zero at the line. XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

QRMI costs 0.38 points a year less; XSPI is 8.6 times larger.

Points (pts) are percentage points.

QRMI vs XSPI: Dividend Yield & Total Return
Measure	QRMI	XSPI
Paid and earned
Measure	QRMI	XSPI
Total return, 1 year	+3.7%	not published
Price change	fell 8.1% (1 year)	fell 2.3% (since Feb 3, 2026)
Return of capital, issuer estimate	100% of the Sep 24, 2026 payment	98% of the Oct 9, 2026 payment
Against its benchmark
Measure	QRMI	XSPI
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	QRMI	XSPI
Expense ratio	0.60%	0.98%
Net assets, as of Oct 12, 2026	$15m	$129m
Holdings
Measure	QRMI	XSPI
Holdings in common	53%

Method

What they share

53%

By the books each fund has filed, QRMI and XSPI hold 53% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

53% in common

Positions both hold · largest shared weight first QRMI XSPI

NVIDIA CORPORATION 8.14% 8.10%

APPLE INC. 7.60% 7.92%

MICROSOFT CORPORATION 5.78% 6.26%

AMAZON.COM, INC. 4.90% 3.98%

ALPHABET INC. 3.48% 2.66%

BROADCOM INC. 3.10% 2.52%

META PLATFORMS, INC. 2.77% 2.14%

ALPHABET INC. 3.26% 2.12%

TESLA, INC. 2.60% 1.78%

MICRON TECHNOLOGY, INC. 4.29% 1.49%

ADVANCED MICRO DEVICES, INC. 3.60% 1.23%

WALMART INC. 2.51% 0.87%

Only in one fund ↓

Only in QRMI

SPACE EXPLORATION TECHNOLOGIES CORP. 0.97%

ASML Holding N.V. 0.72%

SHOPIFY INC. 0.67%

ARM Holdings PLC 0.49%

MercadoLibre, Inc. 0.46%

WARNER BROS. DISCOVERY, INC. 0.29%

PDD Holdings Inc. 0.28%

Astera Labs Inc 0.24%

Only in XSPI

Eli Lilly & Co 1.79%

Berkshire Hathaway Inc 1.65%

JPMORGAN CHASE & CO. 1.45%

ExxonMobil Holdings Corp 1.20%

SPX US 01/15/27 C7695 1.12%

Visa Inc 1.10%

Johnson & Johnson 1.03%

Mastercard Inc 0.83%

Check overlap with more funds →

Side by side

QRMI Global X NASDAQ 100 Risk Managed Income ETF · Option income on QQQ, paying monthly XSPI NEOS Boosted S&P 500 High Income ETF · Option income on SPY, paying monthly

Issuer Global X NEOS

Strategy option income option income

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

Pays monthly monthly

Payout rate, annualized 12.2% 16.6%

Expense ratio 0.60% 0.98%

Cash paid, 1 year 11.6% 13.9% (since launch, Feb 3, 2026)

Price change, 1 year −8.1% −2.3% (since launch, Feb 3, 2026)

Total return, 1 year +3.7% +12.4% (since launch, Feb 3, 2026)

Benchmark return, 1 year +12.3% +12.1% (since launch, Feb 3, 2026)

Ahead or behind −8.6 pts +0.3 pts (since launch, Feb 3, 2026)

Return of capital, latest estimate 100% 98%

Age 5.2 years 274 days

Net assets, QRMI as of Oct 12, 2026 and XSPI as of Oct 28, 2026 $15m $140m

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: QRMI vs XSPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QRMI	XSPI	QRMI	XSPI	QRMI	XSPI
3 months	−0.1%	+1.1%	3.0%	4.2%	+3.4 pts	+1.2 pts
6 months	+1.0%	+7.0%	5.9%	8.5%	+1.3 pts	+2.0 pts
1 year	+3.7%	–	11.6%	–	−8.6 pts	–
3 years	+25.7%	–	35.0%	–	−65.7 pts	–
Since launchNot the same days: QRMI Aug 2021 · XSPI Feb 2026	+8.5%	+12.4%	42.0%	13.9%	−83.2 pts	+0.3 pts

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Alert

About each fund

QRMI

Over the year to Nov 4, 2026, QRMI paid 11.6% of its starting value in cash distributions while its price fell 8.1%. With every distribution reinvested, the fund returned +3.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 8.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.2%, paid monthly. Global X estimates that 100% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

XSPI

Over the period from its first trade on Feb 3, 2026 to Nov 4, 2026, XSPI paid 13.9% of its starting value in cash distributions while its price fell 2.3%. With every distribution reinvested, the fund returned +12.4%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 16.6%, paid monthly. NEOS estimates that 98% of the distribution paid Oct 9, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, QRMI or XSPI?: QRMI charges 0.60% a year and XSPI charges 0.98%, so QRMI is cheaper. Fees come from each fund's prospectus.

Other comparisons

QRMI vs SEPI QRMI vs EGGY QRMI vs JOYT QRMI vs XRMI XSPI vs ACQQ XSPI vs BALQ XSPI vs KIQQ XSPI vs QYLG

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →QRMI on its own →XSPI on its own →QRMI dividend history →QRMI holdings →XSPI dividend history →XSPI holdings →Method →Standards and sources →

Sources and dates

QRMI filings on SEC EDGAR ↗

QRMI prospectus with the expense ratio (SEC) ↗

QRMI 19a-1 distribution notice ↗

Global X page for QRMI ↗

XSPI filings on SEC EDGAR ↗

XSPI prospectus with the expense ratio (SEC) ↗

XSPI 19a-1 distribution notice ↗

NEOS page for XSPI ↗

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, QRMI against XSPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/qrmi-vs-xspi

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