Data as of .
ULTY vs XQQI: which paid, and which earned it?
ULTY and XQQI both write options for income.
What they hold in common
By the books each fund has filed, ULTY and XQQI hold 17% of their money in the same securities at the same weight.
| Holding | ULTY | XQQI |
|---|---|---|
| Advanced Micro Devices Inc | 5.23% | 4.08% |
| Alphabet Inc | 4.39% | 3.28% |
| NVIDIA Corp | 2.36% | 8.70% |
| Palantir Technologies Inc | 4.27% | 1.86% |
| Lam Research Corp | 4.34% | 1.67% |
| Space Exploration Technologies Corp | 4.11% | 1.01% |
| Analog Devices Inc | 4.11% | 0.86% |
| Shopify Inc | 3.55% | 0.69% |
| MercadoLibre Inc | 4.99% | 0.40% |
| Lumentum Holdings Inc | 4.75% | 0.29% |
| Astera Labs Inc | 3.35% | 0.22% |
| Strategy Inc | 4.66% | 0.16% |
| Only in ULTY | Only in XQQI |
|---|---|
| Comfort Systems USA Inc 4.61% | Apple Inc 7.91% |
| Coherent Corp 4.30% | Microsoft Corp 5.94% |
| Alibaba Group Holding Ltd 4.07% | Micron Technology Inc 5.12% |
| Robinhood Markets Inc 4.07% | Amazon.com Inc 4.39% |
| VanEck Gold Miners ETF/USA 4.07% | Meta Platforms Inc 3.27% |
| Figure Technology Solutions Inc 4.02% | Alphabet Inc 3.02% |
| TransMedics Group Inc 3.48% | Tesla Inc 3.01% |
| Caterpillar Inc 3.07% | Broadcom Inc 2.75% |
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 | |||
|---|---|---|---|---|---|---|
| ULTY | XQQI | ULTY | XQQI | ULTY | XQQI | |
| 3 months | −1.1% | −2.7% | 13.7% | 4.8% | −3.3 pts | −0.2 pts |
| 6 months | +14.0% | +21.8% | 30.1% | 11.4% | −4.0 pts | −2.4 pts |
| 1 year | −7.8% | not published | 44.9% | not published | −24.3 pts | not published |
| Since launch | +10.7% | +14.3% | 86.9% | 13.7% | −44.1 pts | −2.9 pts |
| ULTY YieldMax(R) Ultra Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | XQQI NEOS Boosted Nasdaq-100(R) High Income ETF Option income on QQQ, paying monthly | |
|---|---|---|
| Issuer | YieldMax | NEOS |
| Strategy | synthetic covered call | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | Nasdaq-100 (QQQ) |
| Pays | weekly | monthly |
| Payout rate, annualized | 59.8% | 20.5% |
| Expense ratio | 1.30% | 0.98% |
| Cash paid, 1 year | 44.9% | 13.7% (since launch on Feb 3, 2026) |
| Price change, 1 year | −54.1% | −0.3% |
| Total return, 1 year | −7.8% | +14.3% (since launch on Feb 3, 2026) |
| Benchmark return, 1 year | +16.6% | +17.3% |
| Ahead or behind | −24.3 pts | −2.9 pts |
| Return of capital, latest estimate | 100% | 100% |
| Age | 932 days | 227 days |
| Net assets | $721m | $351m |
ULTY in plain words
Over the year to Sep 18, 2026, ULTY paid 44.9% of its starting value in cash distributions while its price fell 54.1%. With every distribution reinvested, the fund returned −7.8%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 24.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 59.8%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 17, 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, ULTY or XQQI?
- ULTY charges 1.30% a year and XQQI charges 0.98%, so XQQI 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, ULTY against XQQI, data as of Sep 18, 2026. https://etfiq.com/compare/income/ulty-vs-xqqi Free to use with attribution; the underlying files are at Open data.