Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

XQQI vs XSPI: which paid, and which earned it?

Over the window both share XQQI paid 13.7% of its price in cash against XSPI’s 11.1%, and returned more with it reinvested.

NEOS Boosted Nasdaq-100(R) High Income ETF and NEOS Boosted S&P 500(R) High Income ETF.

13.7%XQQI cash paid, 1 year
11.1%XSPI cash paid, 1 year
+14.3%XQQI total return, 1 year
+11.6%XSPI total return, 1 year
XQQI2.9 pts behind QQQ · since launch to Sep 18, 2026
QQQ+17.3%XQQI+14.3%13.7% of it arrived as cash2.9 pts behind QQQTotal return, distributions reinvestedQQQ+17.3%XQQI+14.3%13.7% as cash2.9 pts behind QQQ
XSPIAbout even with SPY · since launch to Sep 18, 2026
SPY+11.3%XSPI+11.6%11.1% of it arrived as cashabout even with SPYTotal return, distributions reinvestedSPY+11.3%XSPI+11.6%11.1% cashabout even with SPY

What they hold in common

By the books each fund has filed, XQQI and XSPI hold 56% of their money in the same securities at the same weight.

Positions XQQI and XSPI both hold, largest shared weight first
HoldingXQQIXSPI
NVIDIA Corp8.70%8.50%
Apple Inc7.91%7.83%
Microsoft Corp5.94%5.80%
Amazon.com Inc4.39%3.94%
Alphabet Inc3.28%3.24%
Broadcom Inc2.75%2.65%
Alphabet Inc3.02%2.57%
Meta Platforms Inc3.27%2.25%
Micron Technology Inc5.12%1.75%
Tesla Inc3.01%1.59%
Advanced Micro Devices Inc4.08%1.40%
Intel Corp2.44%0.79%
Only in each
Only in XQQIOnly in XSPI
Space Exploration Technologies Corp 1.01%Berkshire Hathaway Inc 1.47%
ASML Holding NV 0.70%JPMORGAN CHASE & CO. 1.47%
Shopify Inc 0.69%Eli Lilly & Co 1.42%
ARM Holdings PLC 0.53%SPX US 10/16/26 C7500 1.39%
NDX US 10/16/26 C30300 0.43%ExxonMobil Holdings Corp 1.08%
MercadoLibre Inc 0.40%Johnson & Johnson 1.02%
Astera Labs Inc 0.22%Visa Inc 0.94%
Nebius Group NV 0.21%AbbVie Inc 0.73%

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

XQQI and XSPI over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
XQQIXSPIXQQIXSPIXQQIXSPI
3 months−2.7%+3.7%4.8%4.2%−0.2 pts+1.4 pts
6 months+21.8%+20.0%11.4%9.2%−2.4 pts+1.9 pts
Since launch+14.3%+11.6%13.7%11.1%−2.9 pts+0.2 pts
Open the live comparison on ETFIQ
XQQI and XSPI on the same fields, as of Sep 18, 2026. Source: ETFIQ.
XQQI
NEOS Boosted Nasdaq-100(R) High Income ETF
Option income on QQQ, paying monthly
XSPI
NEOS Boosted S&P 500(R) High Income ETF
Option income on SPY, paying monthly
IssuerNEOSNEOS
Strategyoption incomeoption income
BenchmarkNasdaq-100 (QQQ)S&P 500 (SPY)
Paysmonthlymonthly
Payout rate, annualized20.5%17.1%
Expense ratio0.98%0.98%
Cash paid, 1 year13.7% (since launch on Feb 3, 2026)11.1% (since launch on Feb 3, 2026)
Price change, 1 year−0.3%−0.3%
Total return, 1 year+14.3% (since launch on Feb 3, 2026)+11.6% (since launch on Feb 3, 2026)
Benchmark return, 1 year+17.3%+11.3%
Ahead or behind−2.9 pts+0.2 pts
Return of capital, latest estimate100%99%
Age227 days227 days
Net assets$351m$113m

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).

XSPI in plain words

Over the period since launch on Feb 3, 2026 to Sep 18, 2026, XSPI paid 11.1% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +11.6%. S&P 500 (SPY) returned +11.3% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 17.1%, paid monthly. NEOS estimates that 99% 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 paid more, XQQI or XSPI?
Over the year to Sep 18, 2026, XQQI paid 13.7% of its starting price in cash and XSPI paid 11.1%, so XQQI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, XQQI or XSPI?
With every distribution reinvested, XQQI returned +14.3% and XSPI returned +11.6% over the year to Sep 18, 2026, so XQQI returned more.
Which is cheaper, XQQI or XSPI?
XQQI charges 0.98% a year and XSPI 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.

XQQI against XSPI, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, XQQI against XSPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/xqqi-vs-xspi Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources