Dividend comparison
QQQI vs DIVO: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for NEOS Nasdaq-100 High Income ETF and Amplify CWP Enhanced Dividend Income ETF, side by side. Updated October 21, 2026.
- Fees. DIVO is cheaper at 0.56% a year versus 0.68% for QQQI. On $10,000 that is $12 a year less in fees.
- Income. QQQI pays more income, yielding 14.11% over the last twelve months versus 6.28% for DIVO. That is about $783 more a year on $10,000. QQQI pays monthly, DIVO pays quarterly.
- Performance. Over the last 1 year, DIVO returned 8.3% versus 0.7% for QQQI, with dividends reinvested. $10,000 would have grown to $10,828 in DIVO and $10,069 in QQQI.
- Risk. QQQI has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -20.0%, against -13.7% for DIVO.
- Diversification. DIVO holds 30 positions and QQQI holds 10.
Bottom line: QQQI fits better if you care most about more income today. DIVO fits better if you care most about lower fees, stronger 1-year returns, smaller drawdowns and broader diversification.
| Metric | QQQI NEOS Nasdaq-100 High Income ETF | DIVO Amplify CWP Enhanced Dividend Income ETF |
|---|---|---|
| Dividend yield (TTM) | 14.11% | 6.28% |
| Dividend / share (TTM) | $7.64 | $3.02 |
| Payout frequency | Monthly | Quarterly |
| Last dividend | $0.6339 on Sep 18, 2026 | $0.1890 on Sep 30, 2026 |
| Ex-dividend date | Sep 16, 2026 | Sep 29, 2026 |
| Dividend growth (CAGR) | — | 11.9% over 4 yrs |
| Price | $54.16 | $48.02 |
| Dividend growth streak | — | 3 years |
| Beta | 0.93 | 0.56 |
| Max drawdown (5Y) | -20.0% | -13.7% |
| Market cap | $14.89B | $8.01B |
| Exchange | NASDAQ | AMEX |
| Expense ratio | 0.68% | 0.56% |
| Assets under management | $15.08B | $7.99B |
| Number of holdings | 10 | 30 |
| Top 10 concentration | 47.0% | — |
QQQI
$117.57/mo
$1411 /yr at 14.11% yield
DIVO
$52.35/mo
$628 /yr at 6.28% yield
| Year | QQQI | DIVO |
|---|---|---|
| 2025 | $7.4435 | $2.8660 |
| 2024 | — | $1.9013 |
| 2023 | — | $1.7085 |
| 2022 | — | $1.7074 |
| 2021 | — | $1.8280 |
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 QQQI vs DIVO actually do
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
The manager runs a hand-picked book of roughly 20 to 30 large-cap dividend stocks rather than tracking an index. Instead of keeping every position covered, calls are written tactically on single names, typically when a holding has run up or its implied volatility is elevated. That preserves far more upside than a blanket index overwrite, but it makes option income lumpy and puts the outcome on manager judgment rather than a published rule.
Suits an investor who wants dividend income lifted by option premium without surrendering most of the appreciation. Less suitable for anyone who wants a fully rules-based product, the lowest fee, or the highest available distribution rate.
Moderate income with growth
| Period | QQQI | DIVO |
|---|---|---|
| 1 month | -0.42% | 1.37% |
| 3 months | -0.09% | 3.58% |
| Year to date | 0.56% | 7.91% |
| 1 year | 0.69% | 8.28% |
| 3 years | — | 54.45% |
| 5 years | — | 59.59% |
- QQQI
- DIVO
Both series indexed to 100 on 2024-01-30 using the adjusted closing price series. Past performance does not guarantee future results.
- QQQI
- DIVO
Quick verdict
QQQI fits better if you care most about more income today. DIVO fits better if you care most about lower fees, stronger 1-year returns, smaller drawdowns and broader diversification. Model the holding inside your real portfolio before deciding.
Frequently asked questions
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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.