Which is cheaper, QYLD or XSPI?

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

Data as of Nov 4, 2026.

Income ETFs

QYLD vs XSPI: Dividend Yield & Total Return

QYLD and XSPI both write options for income.

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Net assets: $8.5bn on Oct 12, 2026 for Global X NASDAQ 100 Covered Call ETF, and $140m on Oct 28, 2026 for NEOS Boosted S&P 500 High Income ETF.

QYLD on its own →XSPI on its own →

At a glance

12.3%

QYLD cash paid, 1 year

13.9%

XSPI cash paid, since launch, Feb 3, 2026

+16.5%

QYLD total return, 1 year

+12.4%

XSPI total return, since launch, Feb 3, 2026

QYLD · 1 year to Nov 4, 2026 4.2 pts ahead of QQQ

QYLD

+16.5%

QQQ

+12.3%

4.2 pts ahead of QQQ

QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QYLD

+16.5%

12.3% of it arrived as cash

4.2 pts ahead of QQQ

Total return, distributions reinvested

4.2 pts ahead of QQQ

QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QYLD

+16.5%

12.3% as cash

4.2 pts ahead of QQQ

12.3% of it arrived as cash. Total return, distributions reinvested. QYLD over 1 year: paid 12.3%, price +3.3%, total +16.5%, QQQ +12.3%, +4.2 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

QYLD costs 0.38 points a year less; QYLD is far larger, $8.5bn against $129m.

Points (pts) are percentage points.

QYLD vs XSPI: Dividend Yield & Total Return
Measure	QYLD	XSPI
Paid and earned
Measure	QYLD	XSPI
Total return, 1 year	+16.5%	not published
Price change	rose 3.3% (1 year)	fell 2.3% (since Feb 3, 2026)
Return of capital, issuer estimate	99% of the Sep 24, 2026 payment	98% of the Oct 9, 2026 payment
Against its benchmark
Measure	QYLD	XSPI
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	QYLD	XSPI
Expense ratio	0.60%	0.98%
Net assets, as of Oct 12, 2026	$8.5bn	$129m
Holdings
Measure	QYLD	XSPI
Holdings in common	54%

Method

What they share

54%

By the books each fund has filed, QYLD and XSPI hold 54% 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

54% in common

Positions both hold · largest shared weight first QYLD XSPI

NVIDIA CORPORATION 8.20% 8.10%

APPLE INC. 7.65% 7.92%

MICROSOFT CORPORATION 5.82% 6.26%

AMAZON.COM, INC. 4.93% 3.98%

ALPHABET INC. 3.50% 2.66%

BROADCOM INC. 3.11% 2.52%

META PLATFORMS, INC. 2.78% 2.14%

ALPHABET INC. 3.28% 2.12%

TESLA, INC. 2.62% 1.78%

MICRON TECHNOLOGY, INC. 4.32% 1.49%

ADVANCED MICRO DEVICES, INC. 3.62% 1.23%

WALMART INC. 2.53% 0.87%

Only in one fund ↓

Only in QYLD

SPACE EXPLORATION TECHNOLOGIES CORP. 0.97%

ASML Holding N.V. 0.70%

SHOPIFY INC. 0.67%

ARM Holdings PLC 0.47%

MercadoLibre, Inc. 0.45%

WARNER BROS. DISCOVERY, INC. 0.31%

PDD Holdings Inc. 0.26%

ELECTRONIC ARTS INC 0.25%

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

QYLD Global X NASDAQ 100 Covered Call ETF · Covered call on QQQ, paying monthly XSPI NEOS Boosted S&P 500 High Income ETF · Option income on SPY, paying monthly

Issuer Global X NEOS

Strategy covered call 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 12.3% 13.9% (since launch, Feb 3, 2026)

Price change, 1 year +3.3% −2.3% (since launch, Feb 3, 2026)

Total return, 1 year +16.5% +12.4% (since launch, Feb 3, 2026)

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

Ahead or behind +4.2 pts +0.3 pts (since launch, Feb 3, 2026)

Return of capital, latest estimate 99% 98%

Age 12.9 years 274 days

Net assets, QYLD as of Oct 12, 2026 and XSPI as of Oct 28, 2026 $8.5bn $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: QYLD vs XSPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	QYLD	XSPI	QYLD	XSPI	QYLD	XSPI
3 months	+2.4%	+1.1%	3.0%	4.2%	+5.9 pts	+1.2 pts
6 months	+5.4%	+7.0%	6.0%	8.5%	+5.8 pts	+2.0 pts
1 year	+16.5%	–	12.3%	–	+4.2 pts	–
3 years	+52.7%	–	37.9%	–	−38.6 pts	–
Since launchNot the same days: QYLD Dec 2013 · XSPI Feb 2026	+194.8%	+12.4%	117.5%	13.9%	−610.5 pts	+0.3 pts

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Alert

About each fund

QYLD

Over the year to Nov 4, 2026, QYLD paid 12.3% of its starting value in cash distributions while its price rose 3.3%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.2%, paid monthly. Global X estimates that 99% 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, QYLD or XSPI?: QYLD charges 0.60% a year and XSPI charges 0.98%, so QYLD is cheaper. Fees come from each fund's prospectus.

Other comparisons

QYLD vs SEPI QYLD vs EGGY QYLD vs XRMI QYLD vs XDTE XSPI vs GPIQ XSPI vs JEPQ XSPI vs FTQI XSPI vs ROCQ

Where to next

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

Sources and dates

QYLD filings on SEC EDGAR ↗

QYLD prospectus with the expense ratio (SEC) ↗

QYLD 19a-1 distribution notice ↗

Global X page for QYLD ↗

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

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