Which is cheaper, SCLZ or XQQI?

SCLZ charges 0.79% a year and XQQI charges 0.98%, so SCLZ is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

SCLZ vs XQQI: Dividend Yield & Total Return

SCLZ and XQQI both write options for income.

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Net assets: $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF, and $408m on Oct 28, 2026 for NEOS Boosted Nasdaq-100 High Income ETF.

SCLZ on its own →XQQI on its own →

At a glance

8.5%

SCLZ cash paid, 1 year

17.0%

XQQI cash paid, since launch, Feb 3, 2026

+10.6%

SCLZ total return, 1 year

+7.7%

XQQI total return, since launch, Feb 3, 2026

SCLZ · 1 year to Nov 4, 2026 4.2 pts behind SPY

SCLZ

+10.6%

SPY

+14.8%

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% of it arrived as cash

4.2 pts behind SPY

Total return, distributions reinvested

4.2 pts behind SPY

SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

SCLZ

+10.6%

8.5% cash

4.2 pts behind SPY

8.5% of it arrived as cash. Total return, distributions reinvested. SCLZ over 1 year: paid 8.5%, price +1.6%, total +10.6%, SPY +14.8%, −4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

XQQI · since launch to Nov 4, 2026 4.9 pts behind QQQ

XQQI

+7.7%

QQQ

+12.6%

4.9 pts behind QQQ

XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.

QQQ

+12.6%

XQQI

+7.7%

17.0% of it arrived as cash

4.9 pts behind QQQ

Total return, distributions reinvested

4.9 pts behind QQQ

XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.

QQQ

+12.6%

XQQI

+7.7%

4.9 pts behind QQQ

17.0% of it arrived as cash. Both charts share one scale, with zero at the line. XQQI since launch: paid 17.0%, price −9.2%, total +7.7%, QQQ +12.6%, −4.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

SCLZ costs 0.19 points a year less.

Points (pts) are percentage points.

SCLZ vs XQQI: Dividend Yield & Total Return
Measure	SCLZ	XQQI
Paid and earned
Measure	SCLZ	XQQI
Total return, 1 year	+10.6%	not published
Price change	rose 1.6% (1 year)	fell 9.2% (since Feb 3, 2026)
Return of capital, issuer estimate		100% of the Oct 9, 2026 payment
Against its benchmark
Measure	SCLZ	XQQI
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Cost and size
Measure	SCLZ	XQQI
Expense ratio	0.79%	0.98%
Net assets, SCLZ as of Jun 30, 2026 and XQQI as of Oct 28, 2026	$20m	$408m
Holdings
Measure	SCLZ	XQQI
Holdings in common	48%

Method

What they share

48%

By the books each fund has filed, SCLZ and XQQI hold 48% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

48% in common

Positions both hold · largest shared weight first SCLZ XQQI

APPLE INC 6.20% 8.50%

NVIDIA CORP 6.03% 8.71%

MICRON TECHNOLOGY INC 7.95% 4.63%

ADVANCED MICRO DEVICES INC 5.18% 3.78%

AMAZON.COM INC 3.77% 4.74%

MICROSOFT CORP 3.74% 6.78%

META PLATFORMS INC 3.36% 3.22%

ALPHABET INC 5.22% 2.90%

BROADCOM INC 4.74% 2.78%

CISCO SYSTEMS INC 3.03% 1.99%

TESLA INC 1.81% 3.64%

WALMART INC 1.49% 2.93%

Only in one fund ↓

Only in SCLZ

ELI LILLY & COMPANY 3.88%

JP MORGAN CHASE & COMPANY 3.53%

BERKSHIRE HATHAWAY INC 3.12%

GE AEROSPACE 2.76%

JOHNSON & JOHNSON 2.43%

VISA INC 2.29%

EXXON MOBIL CORP 1.94%

CATERPILLAR INC 1.86%

Only in XQQI

Alphabet Inc 2.70%

Intel Corp 1.50%

Applied Materials Inc 1.46%

Lam Research Corp 1.39%

Palo Alto Networks Inc 1.38%

Texas Instruments Inc 1.38%

Crowdstrike Holdings Inc 1.21%

Space Exploration Technologies Corp 1.03%

Check overlap with more funds →

Side by side

SCLZ Swan Enhanced Dividend Income ETF · Dividend stocks with call overlay on SPY, paying monthly XQQI NEOS Boosted Nasdaq-100 High Income ETF · Option income on QQQ, paying monthly

Issuer Swan NEOS

Strategy dividend stocks with call overlay option income

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

Pays monthly monthly

Payout rate, annualized 8.7% 20.2%

Expense ratio 0.79% 0.98%

Cash paid, 1 year 8.5% 17.0% (since launch, Feb 3, 2026)

Price change, 1 year +1.6% −9.2% (since launch, Feb 3, 2026)

Total return, 1 year +10.6% +7.7% (since launch, Feb 3, 2026)

Benchmark return, 1 year +14.8% +12.6% (since launch, Feb 3, 2026)

Ahead or behind −4.2 pts −4.9 pts (since launch, Feb 3, 2026)

Return of capital, latest estimate not published 100%

Age 2.7 years 274 days

Net assets, SCLZ as of Jun 30, 2026 and XQQI as of Oct 28, 2026 $20m $408m

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: SCLZ vs XQQI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	SCLZ	XQQI	SCLZ	XQQI	SCLZ	XQQI
3 months	0.0%	−4.1%	2.1%	5.0%	+0.2 pts	−0.6 pts
6 months	+4.4%	−3.0%	4.3%	10.0%	−0.6 pts	−2.6 pts
1 year	+10.6%	–	8.5%	–	−4.2 pts	–
Since launchNot the same days: SCLZ Feb 2024 · XQQI Feb 2026	+35.4%	+7.7%	21.2%	17.0%	−20.8 pts	−4.9 pts

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Alert

About each fund

SCLZ

Over the year to Nov 4, 2026, SCLZ paid 8.5% of its starting value in cash distributions while its price rose 1.6%. With every distribution reinvested, the fund returned +10.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.7%, paid monthly.

XQQI

Over the period from its first trade on Feb 3, 2026 to Nov 4, 2026, XQQI paid 17.0% of its starting value in cash distributions while its price fell 9.2%. With every distribution reinvested, the fund returned +7.7%. Nasdaq-100 (QQQ) returned +12.6% over the same days, so a holder was behind by 4.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 20.2%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 9, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, SCLZ or XQQI?: SCLZ charges 0.79% a year and XQQI charges 0.98%, so SCLZ is cheaper. Fees come from each fund's prospectus.

Other comparisons

SCLZ vs TDAQ SCLZ vs QLDY SCLZ vs BALQ SCLZ vs ACQQ XQQI vs DRKY XQQI vs APRJ XQQI vs BIGY XQQI vs JANH

Where to next

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

Sources and dates

SCLZ filings on SEC EDGAR ↗

SCLZ prospectus with the expense ratio (SEC) ↗

Swan website ↗

XQQI filings on SEC EDGAR ↗

XQQI prospectus with the expense ratio (SEC) ↗

XQQI 19a-1 distribution notice ↗

NEOS page for XQQI ↗

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, SCLZ against XQQI, data as of Nov 4, 2026. https://etfiq.com/compare/income/sclz-vs-xqqi

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