AIPI targets AI-related companies, CHPY targets semiconductor-related companies, and QQQI owns broad Nasdaq-100 constituents. All use options to pursue income, but a thematic stock basket is a different risk than broad index exposure. Semiconductor holdings can overlap with AI holdings, so combining AIPI and CHPY may increase, not reduce, concentration. Compare actual holdings, option positions, and net total return before chasing distributions.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
CHPY tops the group over the trailing twelve months with a 91.04% total return, against AIPI at 23.64% and QQQI at 18.23%. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Apr 2025” measures every fund from April 3, 2025 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Distribution rate, SEC yield and return of capital
Metric
AIPI
CHPY
QQQI
Forward distribution rate
34.76%
40.28%
13.69%
Trailing 12-month yield
33.91%
40.16%
13.76%
30-day SEC yield
-0.28%
-0.38%
-0.05%
Return of capital
100.00%
99.88%
—
Total return (price change plus reinvested distributions) is the Total returns section above. Return of capital is the share of a recent distribution that was not income. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
Total return against the stated underlying is on QQQI vs QQQ.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
Generates income by writing covered calls on a portfolio of artificial-intelligence focused
equities while retaining core exposure to the theme.
Seeks weekly income by holding a portfolio of U.S.-listed semiconductor equities and generating premium through an options overlay written on those holdings and on semiconductor ETFs.
Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Capped upside and premium dependence. AIPI, CHPY, and QQQI generate income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
REX Shares is known for specializing in options-based and thematic ETF strategies, offering 23 funds organized across distinct families including Covered Call, IncomeMax Option Strategy, and MicroSectors products. The fund lineup emphasizes income generation through option strategies and sector-specific exposure, with holdings spanning technology, commodities, and alternative assets. REX Shares targets investors seeking non-traditional income approaches and concentrated sector bets, positioning itself in a niche segment focused on structured strategies rather than broad market indexing.
See our curated list of related YouTube videos on AIPI.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.
See our curated list of related YouTube videos on CHPY.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
NEOS is known for developing specialized income-focused ETFs that employ strategies like covered calls, hedging, and enhanced yields across various asset classes. The firm manages 19 funds organized into nine distinct families, including offerings in equity high income, fixed income enhancement, digital assets, and alternative strategies, with popular tickers like SPYI (S&P 500 covered call), QQQI (Nasdaq-100 covered call), and QQQH (Nasdaq-100 hedged equity income). NEOS distinguishes itself in the ETF landscape through its emphasis on income generation and downside protection strategies rather than traditional growth approaches.
See our curated list of related YouTube videos on QQQI.
Use AIPI or CHPY only if you want concentrated AI or semiconductor exposure alongside option income. QQQI spreads exposure across the Nasdaq-100, though it can still hold major AI and chip companies. Check overlap and net total return; high distribution rates cannot offset every thematic drawdown.
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On a $10,000 investment: AIPI generates ~$66.85 cash per distribution, CHPY generates ~$77.46 cash per distribution, QQQI generates ~$114.08 cash per distribution at current distribution rates.
AIPI yield34.76%
CHPY yield40.28%
QQQI yield13.69%
Cost & efficiency
Over 10 years on $10,000: AIPI costs ~$650, CHPY costs ~$1,030, QQQI costs ~$680 in fees (simplified, not compounded).
AIPI ER0.65%
CHPY ER1.03%
QQQI ER0.68%
Strategy & risk
AIPI targets AI-related companies, CHPY targets semiconductor-related companies, and QQQI owns broad Nasdaq-100 constituents. All use options to pursue income, but a thematic stock basket is a different risk than broad index exposure. Semiconductor holdings can overlap with AI holdings, so combining AIPI and CHPY may increase, not reduce, concentration. Compare actual holdings, option positions, and net total return before chasing distributions.
AIPI beta1.0555
CHPY beta1.8613
QQQI beta1.0553
Fund details
AIPI is managed by REX Shares (launched 06/04/2024) with $470M in assets. CHPY is managed by YieldMax (launched 04/02/2025) with $1.30B in assets. QQQI is managed by NEOS (launched 01/29/2024) with $15.0B in assets.
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Frequently asked questions
How do AIPI and CHPY differ from QQQI?
AIPI focuses on AI-related stocks and CHPY on semiconductor-related stocks, while QQQI invests in Nasdaq-100 constituents. Each seeks option income, but their stock baskets and option implementations differ. Thematic funds can be more concentrated than QQQI.
Does holding AIPI and CHPY diversify AI risk?
Only partly, if at all. AI and semiconductor themes can share companies and drivers. Check current top holdings and sector weights, then compare them with QQQI's broader Nasdaq-100 portfolio. Multiple ticker symbols do not ensure independent exposures.
Can the highest payout compensate for thematic downside?
A distribution is cash received, not proof of profit or downside protection. Option income can coexist with a declining share price. Compare net total return, NAV history, concentration, expenses, and issuer distribution notices before drawing a conclusion.
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