Alternatives
Best QQQI Alternatives in 2026
Nasdaq-100 income ETFs to consider alongside or instead of NEOS Nasdaq-100 High Income (QQQI).
Data updated September 2026 · 12 ETFs
Who this page is for
Best for
- QQQI holders comparing tax-aware Nasdaq income strategies and distribution targets
- Income investors who want a longer track record or a different option-writing method
- Anyone comparing monthly and weekly Nasdaq-100 income ETFs before investing
Not a fit for
- Investors seeking broad diversification — these funds share concentrated Nasdaq exposure
- Growth investors who want uncapped participation in a rising Nasdaq-100
- Anyone choosing on distribution rate alone without checking NAV and total return
Analysis
Category: Best QQQI Alternatives in 2026 sits within the Nasdaq-100 covered-call and derivative-income space, where funds trade upside participation for elevated current yield through options overlays. The category's average yield of 15.19% and average expense ratio of 0.
AI-generated analysis — AI can make mistakes. Verify important information independently. Not investment advice. AI risk disclosure
Risks specific to this category
- Strategy mismatch: several funds on this list track a different index or use a different income mechanism than QQQI, so swapping into one changes the exposure — upside participation, payout cadence, and tax character can all shift, not just the ticker.
- Capped upside: covered-call and option-overlay funds in this group keep the option premium in a rally but surrender gains above the strike, so they can trail the very index they write options against.
- Distribution sustainability: the average distribution rate here is 15.2%, and payouts at that level often include return of capital — when distributions persistently exceed total return, NAV erodes and shrinks the base that generates future income.
- Single-index dependence: most funds here are built on the same Nasdaq-100 exposure, so they rise and fall together and share that index's concentration in its largest constituents — holding several of them does not diversify the underlying index risk.
- Expense drag: expense ratios in this group average 0.64% — several times what broad index funds charge — and that cost compounds directly against total return.
See this list inside your portfolio
A ranked list is a starting point. Dividend Vision turns it into a plan — forecasting the income your holdings actually generate and putting each fund's yield next to its total return and risk.
- Income forecasting — know what your holdings pay monthly, quarterly, and yearly
- Yield vs. total return — weigh each distribution against price performance, not the headline rate
- Screen & compare — line up any income ETFs side by side on yield, cost, and strategy
- Portfolio risk — see income concentration, issuer overlap, and volatility across your holdings
- AI ETF comparison — ask plain-language questions to compare yield, risk, and income potential
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How these alternatives are selected
- Universe: a hand-curated peer set, split into close peers (10 here — same core exposure and same income mechanism, so a like-for-like swap) and broader substitutes (a different index, underlying asset, or income mechanism). Every fund is labelled in the Strategy fit column; QQQI itself is excluded.
- Eligibility: active ETFs only — liquidated, delisted, and renamed funds drop out automatically. Leveraged and inverse products are never listed: a daily-reset 2x or -1x fund is not an alternative to a long income position.
- Ranking: assets under management, used only as a fund-size ranking. Never ranked by yield — yields are shown as data, not used to order the list.
- Fit: how each fund's strategy differs from QQQI — and who each one suits — is covered in the strategy notes and FAQ below.
Top picks
Top 3 QQQI alternatives by assets under management.
Yield distribution
Expense ratio distribution
Income projection
Estimated income if the current average distribution rate of 15.19% held for a full year with share prices unchanged. Distribution rate is not total return—a fund can pay a large distribution while its share price falls—so treat these as an upper-bound illustration, not a forecast.
| Investment | Annual income | Monthly income | Weekly income |
|---|---|---|---|
| $10,000 | $1,519 | $127 | $29 |
| $25,000 | $3,798 | $317 | $73 |
| $50,000 | $7,597 | $633 | $146 |
| $100,000 | $15,193 | $1,266 | $292 |
Issuer breakdown
Distribution of ETFs by fund issuer, showing how concentrated or varied the sponsor lineup is.
All 12 ETFs
| Ticker | Name | Strategy fit | Issuer | Yield | Expense ratio | AUM | Frequency |
|---|---|---|---|---|---|---|---|
| JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | Close peer | JPMorgan | 13.60% | 0.35% | $42.8B | Monthly |
| QYLD | Global X Nasdaq 100 Covered Call ETF | Close peer | Global X | 11.83% | 0.60% | $8.3B | Monthly |
| GPIQ | Goldman Sachs Nasdaq-100 Core Premium Income ETF | Close peer | Goldman Sachs | 10.48% | 0.29% | $5.7B | Monthly |
| QDTE | Roundhill Innovation-100 0DTE Covered Call Strategy ETF | Close peer | Roundhill Investments | 20.76% | 0.96% | $946M | Weekly |
| QDVO | Amplify CWP Growth & Income ETF | Broader substitute | Amplify ETFs | 10.88% | 0.56% | $762M | Monthly |
| FEPI | REX FANG & Innovation Equity Premium Income ETF | Broader substitute | REX Shares | 24.85% | 0.65% | $695M | Weekly |
| ROCQ | JPMorgan Nasdaq Equity Premium Yield ETF | Close peer | JPMorgan | 10.59% | 0.35% | $629M | Monthly |
| IQQQ | ProShares Nasdaq-100 High Income ETF | Close peer | ProShares | 5.69% | 0.55% | $398M | Monthly |
| TDAQ | TappAlpha Innovation 100 Growth & Daily Income ETF | Close peer | TappAlpha | 17.12% | 0.83% | $364M | Monthly |
| QQQY | Defiance Nasdaq 100 Enhanced Income ETF | Close peer | Defiance ETFs | 29.47% | 1.01% | $185M | Weekly |
| QYLG | Global X Nasdaq 100® Covered Call & Growth ETF | Close peer | Global X | 6.85% | 0.35% | $172M | Monthly |
| QQQT | Defiance Nasdaq-100 Target Income ETF | Close peer | Defiance ETFs | 20.20% | 1.20% | $49M | Monthly |
Frequently asked questions
What are the best qqqi alternatives?
This page lists the top 12 ETFs in this category ranked by key metrics. The list includes funds from issuers like JPMorgan, Global X, Goldman Sachs, Roundhill Investments, Amplify ETFs and more.
How often is this list updated?
The data on this page is refreshed regularly using the latest available distribution rates, expense ratios, and AUM figures. Last updated September 2026.
What is the average yield of these ETFs?
The average distribution yield across the 12 ETFs on this list is 15.19%. Individual yields range from 5.69% to 29.47%.
What are QQQI competitors?
JEPQ, GPIQ, and QYLD are the Nasdaq-100 income funds people search as QQQI competitors. JEPQ is the largest established peer. GPIQ is Goldman's active overlay. QYLD is the fully-covered, higher-headline-yield version. Compare overlay and tax reporting, not just payout.
Who are QQQI's competitors?
JEPQ is the closest large, established peer because it pairs Nasdaq-focused equities with an active income overlay. GPIQ is another close comparison. Their option mechanics and tax characteristics differ, so compare more than distribution rate.
Is QQQI more tax-efficient than its alternatives?
QQQI is designed to use index options and tax-aware distribution management, but an investor's result depends on account type, holding period, and the fund's year-end tax reporting. Consult a tax professional for your circumstances.
Does holding QQQI and JEPQ add diversification?
It diversifies managers and option-writing methods, but both retain heavy Nasdaq-100 and megacap technology exposure. The underlying equity risks remain highly correlated.
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The metrics and risks behind this list, explained in the Academy.
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