Which paid more, QXQ or SPYI?

Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting price in cash and SPYI paid 11.9%, so QXQ paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, QXQ or SPYI?

With every distribution reinvested, QXQ returned +12.1% and SPYI +11.9% over the year to Nov 12, 2026.

Which is cheaper, QXQ or SPYI?

QXQ charges 0.98% a year and SPYI charges 0.68%, so SPYI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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QXQ vs SPYI: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+0.2 pts

1 year to Nov 12, 2026: QXQ ahead, total return

Fee gap

0.30 pts

A year: QXQ 0.98%, SPYI 0.68%, per filings dated Jan 5, 2026 and Apr 30, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

SPYI costs 0.30 points a year less; their one-year returns differ by 0.2 points.

Points (pts) are percentage points.

QXQ vs SPYI: Dividend Yield & Total Return
Measure	QXQ	SPYI
Paid and earned
Measure	QXQ	SPYI
Total return, 1 year	+12.1%	+11.9%
Price change, 1 year	fell 4.7%	fell 0.7%
Return of capital, issuer estimate		99% of the Oct 23, 2026 payment
Against its benchmark
Measure	QXQ	SPYI
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	QXQ	SPYI
Expense ratio	0.98%	0.68%
Net assets, QXQ as of Aug 31, 2026 and SPYI as of Nov 11, 2026	$82m	$12.7bn
Holdings
Measure	QXQ	SPYI
Holdings in common	not published

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

IQ Income Score52QXQ61.4SPYI

How much of its payouts the fund's total return covered, ranked against 171 income ETFs not writing on a single company. 100 is best. How it is computed

QXQ 52

SPYI 61.4

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

Key numbers

15.1%

QXQ cash paid, 1 year

11.9%

SPYI cash paid, 1 year

+12.1%

QXQ total return, 1 year

+11.9%

SPYI total return, 1 year

QXQ · 1 year to Nov 12, 2026 0.8 pts ahead of QQQ

QXQ

+12.1%

QQQ

+11.3%

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% of it arrived as cash

0.8 pts ahead of QQQ

Total return, distributions reinvested

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% as cash

0.8 pts ahead of QQQ

15.1% of it arrived as cash. Total return, distributions reinvested. QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

SPYI · 1 year to Nov 12, 2026 About even with SPY

SPYI

+11.9%

SPY

+12.0%

About even with SPY

SPYI over 1 year: paid 11.9%, price −0.7%, total +11.9%, SPY +12.0%, −0.1 pts. Data to Nov 12, 2026.

SPY

+12.0%

SPYI

+11.9%

11.9% of it arrived as cash

about even with SPY

Total return, distributions reinvested

About even with SPY

SPYI over 1 year: paid 11.9%, price −0.7%, total +11.9%, SPY +12.0%, −0.1 pts. Data to Nov 12, 2026.

SPY

+12.0%

SPYI

+11.9%

11.9% as cash

about even with SPY

11.9% of it arrived as cash. Both charts share one scale, with zero at the line. SPYI over 1 year: paid 11.9%, price −0.7%, total +11.9%, SPY +12.0%, −0.1 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

QXQ SGI Enhanced Nasdaq-100 ETF · Covered call on QQQ, paying quarterly SPYI NEOS S&P 500 High Income ETF · Option income on SPY, paying monthly

Issuer SGI NEOS

Strategy covered call option income

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

Pays quarterly monthly

Payout rate, annualized 1.0% 11.6%

Expense ratio 0.98% 0.68%

Cash paid, 1 year 15.1% 11.9%

Price change, 1 year −4.7% −0.7%

Total return, 1 year +12.1% +11.9%

Benchmark return, 1 year +11.3% +12.0%

Ahead or behind +0.8 pts −0.1 pts

Return of capital, latest estimate not published 99%

Age 2.4 years 4.2 years

Net assets, QXQ as of Aug 31, 2026 and SPYI as of Nov 11, 2026 $82m $12.7bn

As of Nov 12, 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: QXQ vs SPYI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QXQ	SPYI	QXQ	SPYI	QXQ	SPYI
3 months	−5.4%	−0.3%	0.2%	2.9%	+0.5 pts	+2.1 pts
6 months	−3.8%	+3.6%	0.5%	5.9%	+0.4 pts	+1.9 pts
1 year	+12.1%	+11.9%	15.1%	11.9%	+0.8 pts	−0.1 pts
3 years	–	+59.7%	–	39.1%	–	−18.6 pts
Since launchNot the same days: QXQ Jun 2024 · SPYI Aug 2022	+47.7%	+77.2%	22.8%	51.3%	+2.2 pts	−23.9 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

QXQ

Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting value in cash distributions while its price fell 4.7%. With every distribution reinvested, the fund returned +12.1%. Nasdaq-100 (QQQ) returned +11.3% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 1.0%, paid quarterly.

SPYI

Over the year to Nov 12, 2026, SPYI paid 11.9% of its starting value in cash distributions while its price fell 0.7%. With every distribution reinvested, the fund returned +11.9%. S&P 500 (SPY) returned +12.0% over the same days, so a holder was about even. At its price on Nov 12, 2026 the latest distribution annualizes to 11.6%, 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

Which paid more, QXQ or SPYI?: Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting price in cash and SPYI paid 11.9%, so QXQ paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, QXQ or SPYI?: With every distribution reinvested, QXQ returned +12.1% and SPYI +11.9% over the year to Nov 12, 2026.
Which is cheaper, QXQ or SPYI?: QXQ charges 0.98% a year and SPYI charges 0.68%, so SPYI is cheaper. Fees come from each fund's prospectus.

Other comparisons

QXQ vs DIVO QXQ vs GPIX QXQ vs JEPI QXQ vs XYLD SPYI vs JEPQ SPYI vs BALQ SPYI vs ACQQ SPYI vs QYLG

Where to next

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

Sources and dates

QXQ filings on SEC EDGAR ↗

QXQ prospectus with the expense ratio (SEC) ↗

SGI website ↗

SPYI filings on SEC EDGAR ↗

SPYI prospectus with the expense ratio (SEC) ↗

SPYI 19a-1 distribution notice ↗

NEOS page for SPYI ↗

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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, QXQ against SPYI, data as of Nov 12, 2026. https://etfiq.com/compare/income/qxq-vs-spyi

Open data →

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

Net assets: $82m on Aug 31, 2026 for SGI Enhanced Nasdaq-100 ETF, and $12.7bn on Nov 11, 2026 for NEOS S&P 500 High Income ETF.

QXQ on its own →SPYI on its own →

Growth of 100

QXQ and SPYI

Total return, distributions reinvested, 1 year.

QXQ +12.1%SPYI +11.9%

Nov 12, 2025Nov 12, 2026

QXQ +12.1%, SPYI +11.9%: QXQ +0.2 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.