Dividend comparison

IQQQ vs QQQI: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for ProShares - Nasdaq-100 High Income ETF and NEOS Nasdaq-100 High Income ETF, side by side. Updated October 21, 2026.

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IQQQ vs QQQI: key differences
The short answer, from the latest data on this page.
  • Fees. IQQQ is cheaper at 0.55% a year versus 0.68% for QQQI. On $10,000 that is $13 a year less in fees.
  • Income. QQQI pays more income, yielding 14.11% over the last twelve months versus 6.32% for IQQQ. That is about $779 more a year on $10,000. Both pay monthly.
  • Performance. Over the last 1 year, IQQQ returned 6.1% versus 0.7% for QQQI, with dividends reinvested. $10,000 would have grown to $10,610 in IQQQ and $10,069 in QQQI.
  • Risk. Their worst declines over the last 1 year were similar: -20.4% for IQQQ and -20.0% for QQQI from peak to trough.
  • Diversification. IQQQ holds 107 positions and QQQI holds 10. The ten largest positions make up 52.7% of IQQQ and 47.0% of QQQI.
  • Overlap. 85% of the two portfolios overlap by weight, across 98 shared holdings. Owning both adds little diversification.
  • Size. QQQI is the larger fund with $15.1 billion in assets, against $390 million for IQQQ.

Bottom line: IQQQ fits better if you care most about lower fees, stronger 1-year returns and broader diversification. QQQI fits better if you care most about more income today. With 85% overlap, most investors would hold one or the other rather than both.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricIQQQ
ProShares - Nasdaq-100 High Income ETF
QQQI
NEOS Nasdaq-100 High Income ETF
Dividend yield (TTM)6.32%14.11%
Dividend / share (TTM)$2.98$7.64
Payout frequencyMonthlyMonthly
Last dividend$0.2561 on Oct 7, 2026$0.6339 on Sep 18, 2026
Ex-dividend dateOct 1, 2026Sep 16, 2026
Price$47.17$54.16
Beta1.160.93
Max drawdown (5Y)-20.4%-20.0%
Market cap$386.2M$14.89B
ExchangeNASDAQNASDAQ
Expense ratio0.55%0.68%
Assets under management$390.2M$15.08B
Number of holdings10710
Top 10 concentration52.7%47.0%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

IQQQ

$52.69/mo

$632 /yr at 6.32% yield

QQQI

$117.57/mo

$1411 /yr at 14.11% yield

Dividend history
Total dividends paid per share in each calendar year. IQQQ pays monthly; QQQI pays monthly.
YearIQQQQQQI
2025$4.5997$7.4435
Strategy: Options income
These funds own equities and sell call options against them, converting a share of future price appreciation into cash paid out now. How much upside is surrendered depends on the design: writing at the money on the whole portfolio pays the most and keeps the least, while writing on a partial slice or using purchased offsets keeps more of a rally. Distributions come mainly from option premium rather than from company dividends, so the headline yield is not comparable to a dividend fund's.

Payouts are variable rather than contractual, are often taxed as ordinary income, and a fund that pays out more than the strategy earns will see its net asset value drift down over time.

What IQQQ vs QQQI actually do

QQQI
The Nasdaq-100 counterpart to NEOS's S&P 500 income fund, holding the index and writing NDX index options for monthly distributions.

It owns Nasdaq-100 constituents and applies the same call strategy of sold and purchased index options, sized actively rather than as a fixed full overwrite. Nasdaq-100 volatility is structurally higher, so the option premium collected is larger and the monthly distribution is bigger than the S&P 500 version. NDX options are also section 1256 contracts, so the same 60/40 tax treatment and loss-harvesting mechanics apply.

Suits someone who wants technology-heavy exposure converted into monthly cash with attention paid to tax character. A poor fit if you are holding the Nasdaq-100 specifically to compound growth, because the call overlay gives away the tail of exactly the rallies that index is bought for.

Aggressive tax-aware income

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Mar 20, 2024 would now be worth $14,047 in IQQQ and $13,543 in QQQI.
PeriodIQQQQQQI
1 month-2.58%-0.42%
3 months-0.99%-0.09%
Year to date6.05%0.56%
1 year6.10%0.69%
3 years——
5 years——
  • IQQQ
  • QQQI
89123156202420252026140135

Both series indexed to 100 on 2024-03-20 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • IQQQ
  • QQQI
0%15%31%46%61%Technology50.3%61.2%Communication Services10.3%12.7%Consumer Cyclical9.0%10.1%Financial Services14.8%0.2%Consumer Defensive5.5%5.6%Industrials4.8%3.8%Healthcare3.7%3.9%Utilities0.9%1.0%Basic Materials0.9%0.9%Energy0.4%0.5%Other0.1%0.1%
IQQQ vs QQQI holdings overlap
85% overlap by weight, with 98 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsIQQQ weightQQQI weight
NVDANVIDIA CORP7.04%8.20%
AAPLAPPLE INC6.73%7.81%
MSFTMICROSOFT CORP5.33%6.11%
AMZNAMAZON.COM INC3.81%4.47%
MUMICRON TECHNOLOGY INC3.79%4.40%
AMDADVANCED MICRO DEVICES3.26%3.81%
METAMETA PLATFORMS INC-CLASS A2.82%3.25%
GOOGLALPHABET INC-CL A2.72%3.13%
TSLATESLA INC2.60%2.96%
GOOGALPHABET INC-CL C2.53%2.90%
Top 10 holdings
Largest positions by portfolio weight.

IQQQ107 holdings total

NameWeight
IQMMPROSHARES GENIUS MNY MKT ETF14.61%
NVDANVIDIA CORP7.04%
AAPLAPPLE INC6.73%
MSFTMICROSOFT CORP5.33%
AMZNAMAZON.COM INC3.81%
MUMICRON TECHNOLOGY INC3.79%
AMDADVANCED MICRO DEVICES3.26%
METAMETA PLATFORMS INC-CLASS A2.82%
GOOGLALPHABET INC-CL A2.72%
TSLATESLA INC2.60%

QQQI10 holdings total

NameWeight
NVDANVIDIA Corp8.20%
AAPLApple Inc7.81%
MSFTMicrosoft Corp6.11%
AMZNAmazon.com Inc4.47%
MUMicron Technology Inc4.40%
AMDAdvanced Micro Devices Inc3.81%
METAMeta Platforms Inc3.25%
GOOGLAlphabet Inc3.13%
TSLATesla Inc2.96%
GOOGAlphabet Inc2.90%

Quick verdict

IQQQ fits better if you care most about lower fees, stronger 1-year returns and broader diversification. QQQI fits better if you care most about more income today. With 85% overlap, most investors would hold one or the other rather than both. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is IQQQ or QQQI better for dividend income?
It depends on your goals. IQQQ currently yields 6.32% Trailing Twelve Months (TTM) while QQQI yields 14.11%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between IQQQ and QQQI?
ProShares - Nasdaq-100 High Income ETF (IQQQ) is an ETF listed on NASDAQ. NEOS Nasdaq-100 High Income ETF (QQQI) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, IQQQ or QQQI?
IQQQ has the lower expense ratio. IQQQ charges 0.55% a year and QQQI charges 0.68%, a difference of $13 a year on a $10,000 investment.
Which has performed better, IQQQ or QQQI?
Over the last 1 year, IQQQ has the higher total return with dividends reinvested: IQQQ returned 6.1% and QQQI returned 0.7%. Past performance does not predict future returns.
Which is riskier, IQQQ or QQQI?
Measured by the worst peak-to-trough decline over the last five years, IQQQ has been riskier: IQQQ fell as much as 20.4% and QQQI as much as 20.0%. Their betas are 1.16 and 0.93.
How much do IQQQ and QQQI overlap?
About 85% of the two portfolios overlap by weight, across 98 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both adds little diversification.
How often do IQQQ and QQQI pay dividends?
Both pay monthly. The most recent payments were $0.2561 for IQQQ and $0.6339 for QQQI.
How much income does $10,000 in IQQQ vs QQQI generate?
At current TTM yields, $10,000 in IQQQ would generate roughly $52.69 per month ($632 annually). The same amount in QQQI would produce about $117.57 per month ($1411 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both IQQQ and QQQI?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare IQQQ vs QQQI with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how IQQQ and QQQI fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.