Dividend comparison

QQQI vs XDTE: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for NEOS Nasdaq-100 High Income ETF and Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF, side by side. Updated October 21, 2026.

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QQQI vs XDTE: key differences
The short answer, from the latest data on this page.
  • Fees. QQQI is cheaper at 0.68% a year versus 0.97% for XDTE. On $10,000 that is $29 a year less in fees.
  • Income. XDTE pays more income, yielding 30.05% over the last twelve months versus 14.11% for QQQI. That is about $1,594 more a year on $10,000. QQQI pays monthly, XDTE pays weekly.
  • Performance. Over the last 1 year, QQQI returned 0.7% versus -11.3% for XDTE, with dividends reinvested. $10,000 would have grown to $10,069 in QQQI and $8,872 in XDTE.
  • Risk. Their worst declines over the last 1 year were similar: -20.0% for QQQI and -19.1% for XDTE from peak to trough.
  • Diversification. QQQI holds 10 positions and XDTE holds 6. The ten largest positions make up 47.0% of QQQI and 192.2% of XDTE.
  • Overlap. QQQI and XDTE share no holdings, so they behave as separate building blocks.
  • Size. QQQI is the larger fund with $15.1 billion in assets, against $324 million for XDTE.

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

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
XDTE
Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
Dividend yield (TTM)14.11%30.05%
Dividend / share (TTM)$7.64$11.46
Payout frequencyMonthlyWeekly
Last dividend$0.6339 on Sep 18, 2026$0.1440 on Oct 16, 2026
Ex-dividend dateSep 16, 2026Oct 15, 2026
Price$54.16$38.14
Beta0.930.92
Max drawdown (5Y)-20.0%-19.1%
Market cap$14.89B$322.3M
ExchangeNASDAQCBOE
Expense ratio0.68%0.97%
Assets under management$15.08B$324.2M
Number of holdings106
Top 10 concentration47.0%192.2%
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

XDTE

$250.41/mo

$3005 /yr at 30.05% yield

Dividend history
Total dividends paid per share in each calendar year. QQQI pays monthly; XDTE pays weekly.
YearQQQIXDTE
2025$7.4435$13.4830
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 XDTE 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 7, 2024 would now be worth $13,560 in QQQI and $11,281 in XDTE.
PeriodQQQIXDTE
1 month-0.42%-0.57%
3 months-0.09%-0.88%
Year to date0.56%-3.86%
1 year0.69%-11.28%
3 years——
5 years——
  • QQQI
  • XDTE
94120147202420252026136113

Both series indexed to 100 on 2024-03-07 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
  • XDTE
0%15%31%46%61%Technology61.2%39.0%Communication Services12.7%10.6%Consumer Cyclical10.1%9.9%Healthcare3.9%8.3%Industrials3.8%7.8%Financial Services0.2%11.1%Consumer Defensive5.6%4.5%Energy0.5%3.1%Utilities1.0%2.1%Basic Materials0.9%1.7%Other0.1%1.8%
QQQI vs XDTE holdings overlap
0% overlap by weight, with 0 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
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%

XDTE6 holdings total

NameWeight
4SPY 271119C00077430SPY 11/19/2027 77.43 C89.76%
4SPX 270319C00678800SPX 03/19/2027 678.8 C67.92%
4SPX 270611C00678800SPX 06/11/2027 678.8 C24.55%
WEEKRoundhill Weekly T-Bill ETF7.48%
FGXXXFirst American Government Obligations Fund 12/01/20312.52%

Quick verdict

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

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Frequently asked questions

Is QQQI or XDTE better for dividend income?
It depends on your goals. QQQI currently yields 14.11% Trailing Twelve Months (TTM) while XDTE yields 30.05%. 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 XDTE?
NEOS Nasdaq-100 High Income ETF (QQQI) is an ETF listed on NASDAQ. Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF (XDTE) is an ETF listed on CBOE. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, QQQI or XDTE?
QQQI has the lower expense ratio. QQQI charges 0.68% a year and XDTE charges 0.97%, a difference of $29 a year on a $10,000 investment.
Which has performed better, QQQI or XDTE?
Over the last 1 year, QQQI has the higher total return with dividends reinvested: QQQI returned 0.7% and XDTE returned -11.3%. Past performance does not predict future returns.
Which is riskier, QQQI or XDTE?
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 XDTE as much as 19.1%. Their betas are 0.93 and 0.92.
How often do QQQI and XDTE pay dividends?
QQQI pays monthly and XDTE pays weekly.
How much income does $10,000 in QQQI vs XDTE generate?
At current TTM yields, $10,000 in QQQI would generate roughly $117.57 per month ($1411 annually). The same amount in XDTE would produce about $250.41 per month ($3005 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both QQQI and XDTE?
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 XDTE with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QQQI and XDTE 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.