Dividend comparison

OMAH vs QQQI: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for VistaShares Target 15 Berkshire Select Income ETF and NEOS Nasdaq-100 High Income ETF, side by side. Updated October 21, 2026.

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OMAH vs QQQI: key differences
The short answer, from the latest data on this page.
  • Fees. QQQI is cheaper at 0.68% a year versus 0.95% for OMAH. On $10,000 that is $27 a year less in fees.
  • Income. OMAH pays more income, yielding 15.37% over the last twelve months versus 14.11% for QQQI. That is about $126 more a year on $10,000. Both pay monthly.
  • Performance. Over the last 1 year, QQQI returned 0.7% versus -3.2% for OMAH, with dividends reinvested. $10,000 would have grown to $10,069 in QQQI and $9,675 in OMAH.
  • Risk. QQQI has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -20.0%, against -11.8% for OMAH.
  • Diversification. OMAH holds 73 positions and QQQI holds 10. The ten largest positions make up 62.0% of OMAH and 47.0% of QQQI.
  • Overlap. 14% of the two portfolios overlap by weight, across 3 shared holdings. They mostly own different companies, so they can complement each other.
  • Size. QQQI is the larger fund with $15.1 billion in assets, against $1.1 billion for OMAH.

Bottom line: OMAH fits better if you care most about more income today, smaller drawdowns and broader diversification. QQQI fits better if you care most about lower fees and stronger 1-year returns.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricOMAH
VistaShares Target 15 Berkshire Select Income ETF
QQQI
NEOS Nasdaq-100 High Income ETF
Dividend yield (TTM)15.37%14.11%
Dividend / share (TTM)$2.79$7.64
Payout frequencyMonthlyMonthly
Last dividend$0.2245 on Sep 29, 2026$0.6339 on Sep 18, 2026
Ex-dividend dateSep 28, 2026Sep 16, 2026
Price$18.16$54.16
Beta0.240.93
Max drawdown (5Y)-11.8%-20.0%
Market cap$453.9M$14.89B
ExchangeAMEXNASDAQ
Expense ratio0.95%0.68%
Assets under management$1.12B$15.08B
Number of holdings7310
Top 10 concentration62.0%47.0%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

OMAH

$128.08/mo

$1537 /yr at 15.37% yield

QQQI

$117.57/mo

$1411 /yr at 14.11% yield

Dividend history
Total dividends paid per share in each calendar year. OMAH pays monthly; QQQI pays monthly.
YearOMAHQQQI
2025—$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 OMAH 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 4, 2025 would now be worth $10,157 in OMAH and $11,982 in QQQI.
PeriodOMAHQQQI
1 month-0.27%-0.42%
3 months-4.72%-0.09%
Year to date-3.09%0.56%
1 year-3.25%0.69%
3 years——
5 years——
  • OMAH
  • QQQI
8210713120252026102120

Both series indexed to 100 on 2025-03-04 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.
  • OMAH
  • QQQI
0%15%31%46%61%Technology15.5%61.2%Financial Services31.9%0.2%Communication Services17.8%12.7%Consumer Defensive14.2%5.6%Consumer Cyclical2.1%10.1%Energy9.9%0.5%Healthcare4.7%3.9%Industrials3.8%3.8%Utilities1.0%Basic Materials0.9%Other0.2%0.1%
OMAH vs QQQI holdings overlap
14% overlap by weight, with 3 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 holdingsOMAH weightQQQI weight
AAPLApple Inc10.62%7.81%
GOOGLAlphabet Inc4.42%3.13%
GOOGAlphabet Inc4.40%2.90%
Top 10 holdings
Largest positions by portfolio weight.

OMAH73 holdings total

NameWeight
AAPLApple Inc10.62%
BRK-BBerkshire Hathaway Inc10.48%
AXPAmerican Express Co6.56%
KOCoca-Cola Co/The5.14%
CVXChevron Corp5.00%
KRKroger Co/The4.94%
VRSNVeriSign Inc4.86%
OXYOccidental Petroleum Corp4.86%
COFCapital One Financial Corp4.82%
DVADAVITA INC4.75%

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

OMAH fits better if you care most about more income today, smaller drawdowns and broader diversification. QQQI fits better if you care most about lower fees and stronger 1-year returns. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is OMAH or QQQI better for dividend income?
It depends on your goals. OMAH currently yields 15.37% 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 OMAH and QQQI?
VistaShares Target 15 Berkshire Select Income ETF (OMAH) is an ETF listed on AMEX. 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, OMAH or QQQI?
QQQI has the lower expense ratio. OMAH charges 0.95% a year and QQQI charges 0.68%, a difference of $27 a year on a $10,000 investment.
Which has performed better, OMAH or QQQI?
Over the last 1 year, QQQI has the higher total return with dividends reinvested: OMAH returned -3.2% and QQQI returned 0.7%. Past performance does not predict future returns.
Which is riskier, OMAH or QQQI?
Measured by the worst peak-to-trough decline over the last five years, QQQI has been riskier: OMAH fell as much as 11.8% and QQQI as much as 20.0%. Their betas are 0.24 and 0.93.
How much do OMAH and QQQI overlap?
About 14% of the two portfolios overlap by weight, across 3 shared holdings. The largest shared positions are AAPL, GOOGL, GOOG. Holding both still adds meaningful diversification.
How often do OMAH and QQQI pay dividends?
Both pay monthly. The most recent payments were $0.2245 for OMAH and $0.6339 for QQQI.
How much income does $10,000 in OMAH vs QQQI generate?
At current TTM yields, $10,000 in OMAH would generate roughly $128.08 per month ($1537 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 OMAH 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 OMAH vs QQQI with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how OMAH 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.