Data as of .
QUSA vs SPYI: which paid, and which earned it?
Over the year QUSA paid 13.8% of its price in cash against SPYI’s 13.1%, though SPYI returned more with it reinvested.
ETFIQ Return Stability Score: SPYI scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, QUSA and SPYI hold 39% of their money in the same securities at the same weight.
| Holding | QUSA | SPYI |
|---|---|---|
| Apple Inc | 5.99% | 7.52% |
| NVIDIA Corp | 5.78% | 8.28% |
| Microsoft Corp | 6.08% | 5.62% |
| Broadcom Inc | 4.70% | 2.59% |
| Alphabet Inc | 2.22% | 3.12% |
| Meta Platforms Inc | 4.28% | 2.22% |
| Alphabet Inc | 1.84% | 2.50% |
| Berkshire Hathaway Inc | 5.35% | 1.43% |
| Eli Lilly & Co | 4.24% | 1.42% |
| Johnson & Johnson | 2.93% | 0.99% |
| Visa Inc | 3.37% | 0.93% |
| Walmart Inc | 4.17% | 0.72% |
| Only in QUSA | Only in SPYI |
|---|---|
| LRCX US 10/02/26 C295 0.10% | Amazon.com Inc 3.82% |
| AMAT US 10/02/26 C452.5 0.07% | Micron Technology Inc 1.74% |
| BRKB US 09/25/26 P512.5 0.05% | Tesla Inc 1.58% |
| AAPL US 09/25/26 C342.5 0.03% | JPMORGAN CHASE & CO. 1.43% |
| AVGO US 09/25/26 C370 0.03% | Advanced Micro Devices Inc 1.41% |
| KLAC US 09/25/26 C182.5 0.03% | ExxonMobil Holdings Corp 1.03% |
| CAT US 09/25/26 C840 0.02% | Intel Corp 0.82% |
| COST US 09/25/26 C935 0.02% | AbbVie Inc 0.71% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| QUSA | SPYI | QUSA | SPYI | QUSA | SPYI | |
| 3 months | −1.9% | +3.1% | 3.6% | 3.0% | −3.6 pts | +0.9 pts |
| 6 months | +10.4% | +14.4% | 7.8% | 6.5% | −4.3 pts | −3.6 pts |
| 1 year | +3.5% | +15.3% | 13.8% | 13.1% | −11.7 pts | −1.2 pts |
| 3 years | not published | +57.2% | not published | 38.6% | not published | −21.2 pts |
| Since launch | +4.9% | +77.1% | 15.1% | 50.3% | −25.8 pts | −25.3 pts |
| QUSA VistaShares Target 15 USA Quality Income ETF Covered call on QUAL, paying monthly | SPYI NEOS S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | VistaShares | NEOS |
| Strategy | covered call | option income |
| Benchmark | USA Quality (QUAL), used as the quality proxy | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 15.3% | 12.1% |
| Expense ratio | 0.97% | 0.68% |
| Cash paid, 1 year | 13.8% | 13.1% |
| Price change, 1 year | −11.0% | +1.2% |
| Total return, 1 year | +3.5% | +15.3% |
| Benchmark return, 1 year | +15.2% | +16.6% |
| Ahead or behind | −11.7 pts | −1.2 pts |
| Return of capital, latest estimate | not published | 93% |
| Age | 500 days | 1480 days |
| Net assets | $22m | $12.2bn |
QUSA in plain words
Over the year to Sep 18, 2026, QUSA paid 13.8% of its starting value in cash distributions while its price fell 11.0%. With every distribution reinvested, the fund returned +3.5%. USA Quality (QUAL), used as the quality proxy returned +15.2% over the same days, so a holder was behind by 11.7 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 15.3%, paid monthly.
SPYI in plain words
Over the year to Sep 18, 2026, SPYI paid 13.1% of its starting value in cash distributions while its price rose 1.2%. With every distribution reinvested, the fund returned +15.3%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 1.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.1%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, QUSA or SPYI?
- Over the year to Sep 18, 2026, QUSA paid 13.8% of its starting price in cash and SPYI paid 13.1%, so QUSA paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, QUSA or SPYI?
- With every distribution reinvested, QUSA returned +3.5% and SPYI returned +15.3% over the year to Sep 18, 2026, so SPYI returned more.
- Which is cheaper, QUSA or SPYI?
- QUSA charges 0.97% a year and SPYI charges 0.68%, so SPYI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QUSA against SPYI, data as of Sep 18, 2026. https://etfiq.com/compare/income/qusa-vs-spyi Free to use with attribution; the underlying files are at Open data.