A head-to-head comparison of ProShares Nasdaq-100 High Income ETF and VegaShares SPX NDX RTY Premium Income ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
ProShares is known for offering leveraged and inverse ETFs that provide amplified exposure to market movements, along with thematic and income-focused strategies. Their fund lineup spans digital assets (including Bitcoin and Ethereum exposure through BITO and EETH), dividend strategies like the Dividend Aristocrats fund (NOBL), covered call income strategies, and leveraged/inverse products that track major indices with 2x or 3x daily multipliers (such as SSO and TQQQ for tech-heavy portfolios). With 23 ETFs across specialized families including leveraged products, money market funds, and sector-specific offerings, ProShares serves investors seeking both traditional income and alternative exposure strategies.
See our curated list of related YouTube videos on IQQQ.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
VegaShares operates a focused suite of two income-focused ETFs designed to generate regular distributions through options strategies and dividend investing. The firm's lineup includes ODTE and VAIE, both emphasizing yield generation for investors seeking regular cash flow. With a specialized niche in options-based and dividend income strategies, VegaShares targets investors prioritizing distributions over capital appreciation.
See our curated list of related YouTube videos on ODTE.
IQQQ targets high income potential with long-term total returns similar to the tech-heavy Nasdaq-100 index
Covered Call
Asset class
Equity
Equity
Inception date
03/08/2024
04/03/2026
Beta
1.2356
—
Last dividend
$0.4592
$0.0740
Ex-dividend date
07/01/2026
07/30/2026
Bottom lineChoose IQQQ if you are comfortable trading away most upside for a large, steady payout. Choose ODTE if you want to maximize current income — roughly 14.92%, generated by selling options premium.
Most used
Income calculator
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
IQQQ has outpaced ODTE over the year to date, posting a 9.33% total return against 7.07%. ODTE has been the steadier holding, though — annualized volatility of 15.2% against 22.8% for IQQQ. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 31, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Apr 2026” measures every fund from April 6, 2026 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Apr 2026. 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 shared window since Apr 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
IQQQ (ProShares Nasdaq-100 High Income ETF) and ODTE (VegaShares SPX NDX RTY Premium Income ETF) are both dividend ETFs, but they take different approaches.
ODTE offers the higher yield at 14.92% vs 11.68% for IQQQ. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
IQQQ is cheaper with an expense ratio of 0.55% compared to 0.76%.
They track different benchmarks: IQQQ is linked to NASDAQ 100 while ODTE tracks S&P 500, Nasdaq-100, Russell 2000, which means their performance drivers differ.
IQQQ has $391M in assets vs $3.08M for ODTE, but ODTE only launched April 2026 — AUM comparisons will become more meaningful as it builds a track record.
Who should choose each?
Choose IQQQ
ProShares Nasdaq-100 High Income ETF
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Want to keep costs low — a 0.55% expense ratio vs 0.76% for ODTE.
Prefer an established track record — ODTE only launched April 2026.
Choose ODTE
VegaShares SPX NDX RTY Premium Income ETF
Want to maximize current income — ODTE distributes roughly 14.92% from selling options premium, vs 11.68% for IQQQ.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track IQQQ & ODTE for free
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On a $10,000 investment, IQQQ would generate roughly $97.33/month, while ODTE would produce $124.33/month, at current distribution rates.
IQQQ yield11.68%
ODTE yield14.92%
Monthly diff on $10K$27.00
Cost & efficiency
Over 10 years on $10,000, IQQQ would cost approximately $550 in fees vs $760 for ODTE (simplified, not compounded). The $210.00 difference may be offset by yield or performance.
IQQQ ER0.55%
ODTE ER0.76%
Strategy & risk
Both IQQQ and ODTE wrap NASDAQ 100 with options-based income overlays (basket and covered call). The practical differences are yield target, fee structure, and issuer track record — not the underlying mechanic.
IQQQ beta1.2356
ODTE beta—
Fund details
IQQQ is managed by ProShares (launched 03/08/2024) with $391M in assets. ODTE is managed by VegaShares (launched 04/03/2026) with $3.08M in assets.
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Frequently asked questions
Is IQQQ or ODTE better for dividend income?
It depends on your goals. ODTE currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between IQQQ and ODTE?
Both IQQQ (ProShares Nasdaq-100 High Income ETF) and ODTE (VegaShares SPX NDX RTY Premium Income ETF) track NASDAQ 100 with options-based income strategies — the labels "basket" and "covered call" describe closely related mechanics (covered calls are a specific type of options strategy). The real differences show up in yield target (11.68% vs 14.92%), expense ratio (0.55% vs 0.76%), and issuer (ProShares vs VegaShares).
Can I hold both IQQQ and ODTE?
You can, but expect significant overlap. Both funds use options-based income strategies on NASDAQ 100, so holding them together gives you two wrappers around effectively the same exposure — not true diversification. Weigh issuer, fee, and yield differences rather than treating them as complementary.
Which has lower fees, IQQQ or ODTE?
IQQQ has an expense ratio of 0.55% while ODTE charges 0.76%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in IQQQ vs ODTE generate?
At current rates, $10,000 in IQQQ would generate roughly $97.33 per month ($1,168.00 annually). The same in ODTE would produce about $124.33 per month ($1,492.00 annually).
Which has performed better historically, IQQQ or ODTE?
IQQQ has outpaced ODTE over the year to date, posting a 9.33% total return against 7.07%. ODTE has been the steadier holding, though — annualized volatility of 15.2% against 22.8% for IQQQ. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
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