QQQI — NEOS NASDAQ-100(R) High Income ETF
Covered Call / Income Ranked #287 of 458 tracked ETFs · Issued by Neos Funds
QQQI Price Performance — Growth of $10,000
Value of a $10,000 investment in QQQI over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
QQQI Drawdown
The "underwater" chart: QQQI's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in QQQI?
See what a lump sum in QQQI would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The NEOS NASDAQ-100(R) High Income ETF is a covered call and income fund issued by Neos Funds, managing $14.9 billion in assets. It holds a C grade with an overall rank of 287 out of 458 tracked ETFs, placing it ninth among its 10 category peers. The fund charges an expense ratio of 0.68%, which sits above the category median of 0.6%. Its dividend yield of 14.51% significantly exceeds the category median of 11.79%. The portfolio is concentrated, with the top 10 holdings representing 45.1% of assets and NVIDIA Corp as the largest single position at 7.7%.
The fund has delivered a one-year return of 11.99%, trailing the category median of 13.14%. Short-term performance shows a decline over the past month of 4.22%, contrasting with a positive year-to-date gain of 10.03%. The current price of $52.59 places the ETF at 47.3% of its 52-week trading range. The rating has remained unchanged at grade C over the last 35 tracked days. Historical analysis is limited by only 2.7 years of price history, preventing the establishment of a full three-year record.
Annualized volatility stands at 16.84%, which is classified as moderate. The Sharpe ratio of 0.42 indicates the risk-adjusted return profile relative to its volatility. Maximum drawdown has reached -20.00%, reflecting the peak-to-trough decline during the available history. Liquidity is supported by an average daily volume of 4,626,029 shares. Beta data is not available for this fund.
AI-generated summary based on the data on this page.
QQQI Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | NVIDIA Corp | 7.65% | $1.00B |
| 2 | Apple Inc | 6.63% | $869M |
| 3 | Micron Technology Inc | 5.61% | $735M |
| 4 | Microsoft Corp | 4.38% | $574M |
| 5 | Advanced Micro Devices Inc | 4.12% | $540M |
| 6 | Amazon.com Inc | 4.05% | $531M |
| 7 | Tesla Inc | 3.35% | $439M |
| 8 | Alphabet Inc | 3.32% | $435M |
| 9 | Alphabet Inc | 3.06% | $402M |
| 10 | Intel Corp | 2.99% | $391M |
Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 45.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how QQQI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With QQQI
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with QQQI's top 10 — QQQ overlaps most, holding 9 of the same companies as QQQI's top 10 (45.1% of QQQI's assets).
| ETF | Name | Shared Companies | QQQI Weight | Examples |
|---|---|---|---|---|
| QQQ | Invesco QQQ Trust | 9 | 45.1% | NVIDIA Corp, Apple Inc, Alphabet Inc… |
| JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | 8 | 42.2% | NVIDIA Corp, Apple Inc, Alphabet Inc… |
| QQQM | Invesco NASDAQ 100 ETF | 8 | 42.2% | NVIDIA Corp, Apple Inc, Alphabet Inc… |
| QYLD | Global X NASDAQ 100 Covered Call ETF | 7 | 38.8% | NVIDIA Corp, Apple Inc, Alphabet Inc… |
| VTI | Vanguard Morningstar Total Stock Market ETF | 7 | 38.0% | NVIDIA Corp, Apple Inc, Alphabet Inc… |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What QQQI's Fees Cost You
QQQI charges an expense ratio of 0.68% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
QQQI Dividend Income Estimator
QQQI currently yields 14.51%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
QQQI Liquidity, Domicile & Tax Treatment
Liquidity: Average daily volume is 4.6M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $14.9B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: QQQI is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
QQQI Performance History
| Period | Return |
|---|---|
| 1-Day | 0.00% |
| 1-Week | -0.76% |
| 1-Month | -4.22% |
| 3-Month | +3.64% |
| 6-Month | +4.56% |
| YTD | +10.03% |
| 1-Year | +11.99% |
| 3-Year | — |
How QQQI Compares to Other Covered Call / Income ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #84 | B |
GPIX | Goldman Sachs S&P 500 Premium Income ETF | +15.79% | 0.29% | $6.03B |
| #128 | B |
XYLD | Global X S&P 500 Covered Call ETF | +15.50% | 0.6% | $3.38B |
| #142 | B |
QYLD | Global X NASDAQ 100 Covered Call ETF | +18.53% | 0.6% | $8.48B |
| #164 | B |
SPYI | Neos S&P 500(R) High Income ETF | +14.14% | 0.68% | $12.2B |
| #176 | B |
JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | +13.70% | 0.35% | $44.3B |
| #195 | C |
JEPI | JPMorgan Equity Premium Income ETF | +7.47% | 0.35% | $45.3B |
| #256 | C |
NUSI | NUSI | +12.59% | — | — |
| #283 | C |
RYLD | Global X Russell 2000 Covered Call ETF | +12.09% | 0.6% | $1.32B |
| #287 | C |
QQQI | NEOS NASDAQ-100(R) High Income ETF | +11.99% | 0.68% | $14.9B |
| #378 | D |
TLTW | iShares 20+ Year Treasury Bond Buywrite Strategy ETF | -2.97% | 0.35% | $1.68B |