Dividend comparison

QQQI vs QDVO: 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 Growth & Income ETF, side by side. Updated October 21, 2026.

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QQQI vs QDVO: key differences
The short answer, from the latest data on this page.
  • Fees. QDVO 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 10.69% for QDVO. That is about $342 more a year on $10,000. Both pay monthly.
  • Performance. Over the last 1 year, QDVO returned 2.1% versus 0.7% for QQQI, with dividends reinvested. $10,000 would have grown to $10,208 in QDVO 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 -17.7% for QDVO.
  • Diversification. QDVO holds 45 positions and QQQI holds 10. The ten largest positions make up 47.0% of QQQI and 58.0% of QDVO.
  • Overlap. 62% of the two portfolios overlap by weight, across 26 shared holdings.
  • Size. QQQI is the larger fund with $15.1 billion in assets, against $763 million for QDVO.

Bottom line: QQQI fits better if you care most about more income today. QDVO fits better if you care most about lower fees and broader diversification.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricQQQI
NEOS Nasdaq-100 High Income ETF
QDVO
Amplify CWP Growth & Income ETF
Dividend yield (TTM)14.11%10.69%
Dividend / share (TTM)$7.64$3.15
Payout frequencyMonthlyMonthly
Last dividend$0.6339 on Sep 18, 2026$0.2787 on Sep 30, 2026
Ex-dividend dateSep 16, 2026Sep 29, 2026
Price$54.16$29.46
Beta0.931.02
Max drawdown (5Y)-20.0%-17.7%
Market cap$14.89B$767.2M
ExchangeNASDAQAMEX
Expense ratio0.68%0.56%
Assets under management$15.08B$763.0M
Number of holdings1045
Top 10 concentration47.0%58.0%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

QQQI

$117.57/mo

$1411 /yr at 14.11% yield

QDVO

$89.08/mo

$1069 /yr at 10.69% yield

Dividend history
Total dividends paid per share in each calendar year. QQQI pays monthly; QDVO pays monthly.
YearQQQIQDVO
2025$7.4435$2.8784
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 QQQI vs QDVO 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 Aug 22, 2024 would now be worth $12,855 in QQQI and $13,520 in QDVO.
PeriodQQQIQDVO
1 month-0.42%-1.41%
3 months-0.09%-0.07%
Year to date0.56%1.52%
1 year0.69%2.08%
3 years——
5 years——
  • QQQI
  • QDVO
89117145202420252026129135

Both series indexed to 100 on 2024-08-22 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.
  • QQQI
  • QDVO
0%15%31%46%61%Technology61.2%49.2%Communication Services12.7%13.5%Consumer Cyclical10.1%10.3%Consumer Defensive5.6%7.0%Healthcare3.9%8.0%Financial Services0.2%7.9%Industrials3.8%3.4%Basic Materials0.9%1.4%Utilities1.0%0.5%Energy0.5%0.3%Other0.1%
QQQI vs QDVO holdings overlap
62% overlap by weight, with 26 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 holdingsQQQI weightQDVO weight
NVDANVIDIA Corp8.20%10.25%
AAPLApple Inc7.81%9.59%
MSFTMicrosoft Corp6.11%6.61%
AMZNAmazon.com Inc4.47%5.24%
MUMicron Technology Inc4.40%3.71%
AMDAdvanced Micro Devices Inc3.81%3.29%
METAMeta Platforms Inc3.25%3.95%
GOOGLAlphabet Inc3.13%8.39%
TSLATesla Inc2.96%3.05%
AVGOBroadcom Inc2.51%3.26%
Top 10 holdings
Largest positions by portfolio weight.

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%

QDVO45 holdings total

NameWeight
NVDANVIDIA Corp10.25%
AAPLApple Inc9.59%
GOOGLAlphabet Inc8.39%
MSFTMicrosoft Corp6.61%
AMZNAmazon.com Inc5.24%
METAMeta Platforms Inc3.95%
LLYEli Lilly & Co3.73%
MUMicron Technology Inc3.71%
AMDAdvanced Micro Devices Inc3.29%
AVGOBroadcom Inc3.26%

Quick verdict

QQQI fits better if you care most about more income today. QDVO fits better if you care most about lower fees and broader diversification. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is QQQI or QDVO better for dividend income?
It depends on your goals. QQQI currently yields 14.11% Trailing Twelve Months (TTM) while QDVO yields 10.69%. 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 QQQI and QDVO?
NEOS Nasdaq-100 High Income ETF (QQQI) is an ETF listed on NASDAQ. Amplify CWP Growth & Income ETF (QDVO) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, QQQI or QDVO?
QDVO has the lower expense ratio. QQQI charges 0.68% a year and QDVO charges 0.56%, a difference of $12 a year on a $10,000 investment.
Which has performed better, QQQI or QDVO?
Over the last 1 year, QDVO has the higher total return with dividends reinvested: QQQI returned 0.7% and QDVO returned 2.1%. Past performance does not predict future returns.
Which is riskier, QQQI or QDVO?
Measured by the worst peak-to-trough decline over the last five years, QQQI has been riskier: QQQI fell as much as 20.0% and QDVO as much as 17.7%. Their betas are 0.93 and 1.02.
How much do QQQI and QDVO overlap?
About 62% of the two portfolios overlap by weight, across 26 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do QQQI and QDVO pay dividends?
Both pay monthly. The most recent payments were $0.6339 for QQQI and $0.2787 for QDVO.
How much income does $10,000 in QQQI vs QDVO generate?
At current TTM yields, $10,000 in QQQI would generate roughly $117.57 per month ($1411 annually). The same amount in QDVO would produce about $89.08 per month ($1069 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both QQQI and QDVO?
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 QQQI vs QDVO with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QQQI and QDVO 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.