Dividend comparison
QQQI vs QQQM: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for NEOS Nasdaq-100 High Income ETF and Invesco NASDAQ 100 ETF, side by side. Updated October 21, 2026.
- Fees. QQQM is cheaper at 0.15% a year versus 0.68% for QQQI. On $10,000 that is $53 a year less in fees.
- Income. QQQI pays more income, yielding 14.11% over the last twelve months versus 0.45% for QQQM. That is about $1,366 more a year on $10,000. QQQI pays monthly, QQQM pays quarterly.
- Performance. Over the last 1 year, QQQM returned 17.4% versus 0.7% for QQQI, with dividends reinvested. $10,000 would have grown to $11,741 in QQQM and $10,069 in QQQI.
- Risk. QQQM has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -35.0%, against -20.0% for QQQI.
- Diversification. QQQM holds 103 positions and QQQI holds 10. The ten largest positions make up 47.0% of QQQI and 47.2% of QQQM.
- Overlap. 98% of the two portfolios overlap by weight, across 97 shared holdings. Owning both adds little diversification.
- Size. QQQM is the larger fund with $108.6 billion in assets, against $15.1 billion for QQQI.
Bottom line: QQQI fits better if you care most about more income today and smaller drawdowns. QQQM fits better if you care most about lower fees, stronger 1-year returns and broader diversification. With 98% overlap, most investors would hold one or the other rather than both.
| Metric | QQQI NEOS Nasdaq-100 High Income ETF | QQQM Invesco NASDAQ 100 ETF |
|---|---|---|
| Dividend yield (TTM) | 14.11% | 0.45% |
| Dividend / share (TTM) | $7.64 | $1.32 |
| Payout frequency | Monthly | Quarterly |
| Last dividend | $0.6339 on Sep 18, 2026 | $0.3127 on Sep 25, 2026 |
| Ex-dividend date | Sep 16, 2026 | Sep 21, 2026 |
| Dividend growth (CAGR) | — | 17.8% over 4 yrs |
| Price | $54.16 | $295.59 |
| Beta | 0.93 | 1.23 |
| Max drawdown (5Y) | -20.0% | -35.0% |
| Market cap | $14.89B | $78.87B |
| Exchange | NASDAQ | NASDAQ |
| Expense ratio | 0.68% | 0.15% |
| Assets under management | $15.08B | $108.58B |
| Number of holdings | 10 | 103 |
| Top 10 concentration | 47.0% | 47.2% |
QQQI
$117.57/mo
$1411 /yr at 14.11% yield
QQQM
$3.71/mo
$45 /yr at 0.45% yield
| Year | QQQI | QQQM |
|---|---|---|
| 2025 | $7.4435 | $1.2592 |
| 2024 | — | $1.2755 |
| 2023 | — | $1.0965 |
| 2022 | — | $0.9145 |
| 2021 | — | $0.6549 |
Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.
What QQQI vs QQQM 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
Launched in 2020 as an open-end fund, it holds identical constituents at identical weights to its older sibling and charges a lower expense ratio. The gap in fee is small in any one year but compounds across a long holding period, which is the entire reason the fund exists. What it gives up is trading depth: spreads are wider and the options market on it is thin next to QQQ's.
Suits a long-term holder accumulating Nasdaq-100 exposure inside a retirement or taxable account. Not the right choice for active traders or anyone writing options against the position.
Growth-tilted core, concentrated
| Period | QQQI | QQQM |
|---|---|---|
| 1 month | -0.42% | -0.34% |
| 3 months | -0.09% | 3.24% |
| Year to date | 0.56% | 16.87% |
| 1 year | 0.69% | 17.41% |
| 3 years | — | 105.29% |
| 5 years | — | 96.99% |
- QQQI
- QQQM
Both series indexed to 100 on 2024-01-30 using the adjusted closing price series. Past performance does not guarantee future results.
- QQQI
- QQQM
| Largest shared holdings | QQQI weight | QQQM weight |
|---|---|---|
| NVDANVIDIA Corp | 8.20% | 8.17% |
| AAPLApple Inc | 7.81% | 7.82% |
| MSFTMicrosoft Corp | 6.11% | 6.19% |
| AMZNAmazon.com Inc | 4.47% | 4.42% |
| MUMicron Technology Inc | 4.40% | 4.41% |
| AMDAdvanced Micro Devices Inc | 3.81% | 3.79% |
| METAMeta Platforms Inc | 3.25% | 3.28% |
| GOOGLAlphabet Inc | 3.13% | 3.15% |
| TSLATesla Inc | 2.96% | 3.02% |
| GOOGAlphabet Inc | 2.90% | 2.94% |
QQQI10 holdings total
Quick verdict
QQQI fits better if you care most about more income today and smaller drawdowns. QQQM fits better if you care most about lower fees, stronger 1-year returns and broader diversification. With 98% overlap, most investors would hold one or the other rather than both. 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.