Data as of Nov 4, 2026.
QVOL vs SPYI: Dividend Yield & Total Return
QVOL and SPYI both write options for income.
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Net assets: $49m on Aug 31, 2026 for Infrastructure Capital Nasdaq Option Income ETF, and $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF.
7 pts behind ONEQ
QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.
ONEQ
−0.8%
QVOL
−7.8%
7 pts behind ONEQ
Total return, distributions reinvested
7 pts behind ONEQ
QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.
ONEQ
−0.8%
QVOL
−7.8%
7 pts behind ONEQ
6.4% of it arrived as cash. Total return, distributions reinvested. QVOL since launch: paid 6.4%, price −13.6%, total −7.8%, ONEQ −0.8%, −7.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.0.8 pts behind SPY
SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPYI
+14.0%
12.1% of it arrived as cash
0.8 pts behind SPY
Total return, distributions reinvested
0.8 pts behind SPY
SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPYI
+14.0%
0.8 pts behind SPY
12.1% of it arrived as cash. Both charts share one scale, with zero at the line. SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
SPYI costs 0.14 points a year less.
Points (pts) are percentage points.
| Measure | QVOL | SPYI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +14.0% |
| Price change | fell 13.6% (since May 12, 2026) | rose 1.1% (1 year) |
| Return of capital, issuer estimate | 99% of the Oct 23, 2026 payment | |
| Against its benchmark | ||
| Benchmark | Fidelity Nasdaq Composite Index ETF, measured through ONEQ | S&P 500, measured through SPY |
| Against its benchmark, same days | behind by 7.0 pts | behind by 0.8 pts |
| Cost and size | ||
| Expense ratio | 0.82% | 0.68% |
| Net assets, QVOL as of Aug 31, 2026 and SPYI as of Oct 28, 2026 | $49m | $12.7bn |
| Holdings | ||
| Holdings in common | 30% | |
What they share
By the books each fund has filed, QVOL and SPYI hold 30% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
30% in common
Only in one fund ↓
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 | QVOL | SPYI | QVOL | SPYI | QVOL | SPYI |
| 3 months | −12.2% | +1.1% | 3.2% | 2.9% | −10.0 pts | +1.3 pts |
| 6 months | – | +5.8% | – | 6.0% | – | +0.7 pts |
| 1 year | – | +14.0% | – | 12.1% | – | −0.8 pts |
| 3 years | – | +62.0% | – | 39.3% | – | −20.9 pts |
| Since launchNot the same days: QVOL May 2026 · SPYI Aug 2022 | −7.8% | +78.5% | 6.4% | 51.3% | −7.0 pts | −25.2 pts |
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QVOL
Over the period from its first trade on May 12, 2026 to Nov 4, 2026, QVOL paid 6.4% of its starting value in cash distributions while its price fell 13.6%. With every distribution reinvested, the fund returned −7.8%. Fidelity Nasdaq Composite Index ETF (ONEQ) returned −0.8% over the same days, so a holder was behind by 7.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.3%, paid monthly.
SPYI
Over the year to Nov 4, 2026, SPYI paid 12.1% of its starting value in cash distributions while its price rose 1.1%. With every distribution reinvested, the fund returned +14.0%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.5%, paid monthly. NEOS estimates that 99% 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.
Questions people ask
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.
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ETFIQ, QVOL against SPYI, data as of Nov 4, 2026. https://etfiq.com/compare/income/qvol-vs-spyi
ETFIQ. (Nov 4, 2026). QVOL against SPYI. Retrieved from https://etfiq.com/compare/income/qvol-vs-spyi
[QVOL against SPYI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/qvol-vs-spyi)
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