Data as of .
SPYI vs XQQI: which paid, and which earned it?
SPYI and XQQI both write options for income.
What they hold in common
By the books each fund has filed, SPYI and XQQI hold 55% of their money in the same securities at the same weight.
| Holding | SPYI | XQQI |
|---|---|---|
| NVIDIA Corp | 8.28% | 8.70% |
| Apple Inc | 7.52% | 7.91% |
| Microsoft Corp | 5.62% | 5.94% |
| Amazon.com Inc | 3.82% | 4.39% |
| Alphabet Inc | 3.12% | 3.28% |
| Broadcom Inc | 2.59% | 2.75% |
| Alphabet Inc | 2.50% | 3.02% |
| Meta Platforms Inc | 2.22% | 3.27% |
| Micron Technology Inc | 1.74% | 5.12% |
| Tesla Inc | 1.58% | 3.01% |
| Advanced Micro Devices Inc | 1.41% | 4.08% |
| Intel Corp | 0.82% | 2.44% |
| Only in SPYI | Only in XQQI |
|---|---|
| Berkshire Hathaway Inc 1.43% | Space Exploration Technologies Corp 1.01% |
| JPMORGAN CHASE & CO. 1.43% | ASML Holding NV 0.70% |
| Eli Lilly & Co 1.42% | Shopify Inc 0.69% |
| ExxonMobil Holdings Corp 1.03% | ARM Holdings PLC 0.53% |
| Johnson & Johnson 0.99% | NDX US 10/16/26 C30300 0.43% |
| Visa Inc 0.93% | MercadoLibre Inc 0.40% |
| AbbVie Inc 0.71% | Astera Labs Inc 0.22% |
| Mastercard Inc 0.70% | Nebius Group NV 0.21% |
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 Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SPYI | XQQI | SPYI | XQQI | SPYI | XQQI | |
| 3 months | +3.1% | −2.7% | 3.0% | 4.8% | +0.9 pts | −0.2 pts |
| 6 months | +14.4% | +21.8% | 6.5% | 11.4% | −3.6 pts | −2.4 pts |
| 1 year | +15.3% | not published | 13.1% | not published | −1.2 pts | not published |
| 3 years | +57.2% | not published | 38.6% | not published | −21.2 pts | not published |
| Since launch | +77.1% | +14.3% | 50.3% | 13.7% | −25.3 pts | −2.9 pts |
| SPYI NEOS S&P 500(R) High Income ETF Option income on SPY, paying monthly | XQQI NEOS Boosted Nasdaq-100(R) High Income ETF Option income on QQQ, paying monthly | |
|---|---|---|
| Issuer | NEOS | NEOS |
| Strategy | option income | option income |
| Benchmark | S&P 500 (SPY) | Nasdaq-100 (QQQ) |
| Pays | monthly | monthly |
| Payout rate, annualized | 12.1% | 20.5% |
| Expense ratio | 0.68% | 0.98% |
| Cash paid, 1 year | 13.1% | 13.7% (since launch on Feb 3, 2026) |
| Price change, 1 year | +1.2% | −0.3% |
| Total return, 1 year | +15.3% | +14.3% (since launch on Feb 3, 2026) |
| Benchmark return, 1 year | +16.6% | +17.3% |
| Ahead or behind | −1.2 pts | −2.9 pts |
| Return of capital, latest estimate | 93% | 100% |
| Age | 1480 days | 227 days |
| Net assets | $12.2bn | $351m |
SPYI in plain words
Over the year to Sep 18, 2026, SPYI paid 13.1% of its starting value in cash distributions while its price rose 1.2%. With every distribution reinvested, the fund returned +15.3%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 1.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.1%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
XQQI in plain words
Over the period since launch on Feb 3, 2026 to Sep 18, 2026, XQQI paid 13.7% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +14.3%. Nasdaq-100 (QQQ) returned +17.3% over the same days, so a holder was behind by 2.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 20.5%, paid monthly. NEOS estimates that 100% 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, SPYI or XQQI?
- SPYI charges 0.68% a year and XQQI charges 0.98%, so SPYI 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, SPYI against XQQI, data as of Sep 18, 2026. https://etfiq.com/compare/income/spyi-vs-xqqi Free to use with attribution; the underlying files are at Open data.