Data as of .
QUSA vs XSPI: which paid, and which earned it?
QUSA and XSPI both write options for income.
What they hold in common
By the books each fund has filed, QUSA and XSPI hold 39% of their money in the same securities at the same weight.
| Holding | QUSA | XSPI |
|---|---|---|
| Apple Inc | 5.99% | 7.02% |
| NVIDIA Corp | 5.78% | 8.01% |
| Microsoft Corp | 6.08% | 4.59% |
| Broadcom Inc | 4.70% | 2.91% |
| Alphabet Inc | 2.22% | 3.43% |
| Meta Platforms Inc | 4.28% | 1.84% |
| Alphabet Inc | 1.84% | 2.72% |
| Eli Lilly & Co | 4.24% | 1.58% |
| Berkshire Hathaway Inc | 5.35% | 1.47% |
| Johnson & Johnson | 2.93% | 1.00% |
| Applied Materials Inc | 2.61% | 0.95% |
| Visa Inc | 3.37% | 0.93% |
| Only in QUSA | Only in XSPI |
|---|---|
| LRCX US 10/02/26 C295 0.10% | Amazon.com Inc 3.87% |
| AMAT US 10/02/26 C452.5 0.07% | Micron Technology Inc 2.10% |
| BRKB US 09/25/26 P512.5 0.05% | Tesla Inc 1.94% |
| AAPL US 09/25/26 C342.5 0.03% | Advanced Micro Devices Inc 1.55% |
| AVGO US 09/25/26 C370 0.03% | JPMorgan Chase & Co 1.45% |
| KLAC US 09/25/26 C182.5 0.03% | Intel Corp 1.05% |
| CAT US 09/25/26 C840 0.02% | Exxon Mobil Corp 0.96% |
| COST US 09/25/26 C935 0.02% | Cisco Systems Inc 0.75% |
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 Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| QUSA | XSPI | QUSA | XSPI | QUSA | XSPI | |
| 3 months | −1.9% | +3.7% | 3.6% | 4.2% | −3.6 pts | +1.4 pts |
| 6 months | +10.4% | +20.0% | 7.8% | 9.2% | −4.3 pts | +1.9 pts |
| 1 year | +3.5% | not published | 13.8% | not published | −11.7 pts | not published |
| Since launch | +4.9% | +11.6% | 15.1% | 11.1% | −25.8 pts | +0.2 pts |
| QUSA VistaShares Target 15 USA Quality Income ETF Covered call on QUAL, paying monthly | XSPI NEOS Boosted 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% | 17.1% |
| Expense ratio | 0.97% | 0.98% |
| Cash paid, 1 year | 13.8% | 11.1% (since launch on Feb 3, 2026) |
| Price change, 1 year | −11.0% | −0.3% |
| Total return, 1 year | +3.5% | +11.6% (since launch on Feb 3, 2026) |
| Benchmark return, 1 year | +15.2% | +11.3% |
| Ahead or behind | −11.7 pts | +0.2 pts |
| Return of capital, latest estimate | not published | 99% |
| Age | 500 days | 227 days |
| Net assets | $22m | $113m |
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.
XSPI in plain words
Over the period since launch on Feb 3, 2026 to Sep 18, 2026, XSPI paid 11.1% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +11.6%. S&P 500 (SPY) returned +11.3% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 17.1%, paid monthly. NEOS estimates that 99% of the distribution paid Jul 10, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, QUSA or XSPI?
- QUSA charges 0.97% a year and XSPI charges 0.98%, so QUSA 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 XSPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/qusa-vs-xspi Free to use with attribution; the underlying files are at Open data.