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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

ETFs listed12
Avg yield15.19%
Avg expense ratio0.64%

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.

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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

Forward distribution rates · 12 funds · as of 2026-09-185-8%28-12%412%+6

Expense ratio distribution

0.20-0.50%40.50-0.75%40.75-1.00%21.00%+2

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.

Hypothetical — the list's average forward distribution rate of 15.19% held for one year with share prices unchanged, before tax, rates as of 2026-09-18. Not a forecast.
InvestmentAnnual incomeMonthly incomeWeekly 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.

JPMorgan2
Global X2
Defiance ETFs2
Goldman Sachs1
Roundhill Investments1
Amplify ETFs1
REX Shares1
ProShares1

All 12 ETFs

Ticker Name Strategy fit Issuer Yield Expense ratio AUM Frequency
JEPQJPMorgan Nasdaq Equity Premium Income ETFClose peerJPMorgan13.60%0.35%$42.8BMonthly
QYLDGlobal X Nasdaq 100 Covered Call ETFClose peerGlobal X11.83%0.60%$8.3BMonthly
GPIQGoldman Sachs Nasdaq-100 Core Premium Income ETFClose peerGoldman Sachs10.48%0.29%$5.7BMonthly
QDTERoundhill Innovation-100 0DTE Covered Call Strategy ETFClose peerRoundhill Investments20.76%0.96%$946MWeekly
QDVOAmplify CWP Growth & Income ETFBroader substituteAmplify ETFs10.88%0.56%$762MMonthly
FEPIREX FANG & Innovation Equity Premium Income ETFBroader substituteREX Shares24.85%0.65%$695MWeekly
ROCQJPMorgan Nasdaq Equity Premium Yield ETFClose peerJPMorgan10.59%0.35%$629MMonthly
IQQQProShares Nasdaq-100 High Income ETFClose peerProShares5.69%0.55%$398MMonthly
TDAQTappAlpha Innovation 100 Growth & Daily Income ETFClose peerTappAlpha17.12%0.83%$364MMonthly
QQQYDefiance Nasdaq 100 Enhanced Income ETFClose peerDefiance ETFs29.47%1.01%$185MWeekly
QYLGGlobal X Nasdaq 100® Covered Call & Growth ETFClose peerGlobal X6.85%0.35%$172MMonthly
QQQTDefiance Nasdaq-100 Target Income ETFClose peerDefiance ETFs20.20%1.20%$49MMonthly

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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