A head-to-head comparison of VegaShares SPX NDX RTY Premium Income ETF and NEOS Nasdaq-100 High 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.
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.
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.
Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
Asset class
Equity
Equity
Inception date
04/03/2026
01/29/2024
Beta
—
1.0553
Last dividend
$0.0740
$0.6350
Ex-dividend date
07/30/2026
07/22/2026
Bottom lineChoose ODTE if you want to maximize current income — roughly 14.92%, generated by selling options premium. Choose QQQI if you are comfortable trading away most upside for a large, steady payout.
Most used
Income calculator
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
ODTE has lagged QQQI over the year to date, posting a 7.07% total return against 7.10%. ODTE has been the steadier holding, though — annualized volatility of 15.2% against 19.9% for QQQI. 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
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both dividend ETFs, but they take different approaches.
ODTE offers the higher yield at 14.92% vs 14.37% for QQQI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
QQQI is cheaper with an expense ratio of 0.68% compared to 0.76%.
They track different benchmarks: ODTE is linked to S&P 500, Nasdaq-100, Russell 2000 while QQQI tracks NASDAQ 100, which means their performance drivers differ.
QQQI has $13.3B 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 ODTE
VegaShares SPX NDX RTY Premium Income ETF
Want to maximize current income — ODTE distributes roughly 14.92% from selling options premium, vs 14.37% for QQQI.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Choose QQQI
NEOS 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 0.68% expense ratio vs 0.76% for ODTE.
Prefer an established track record — ODTE only launched April 2026.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track ODTE & QQQI for free
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On a $10,000 investment, ODTE would generate roughly $124.33/month, while QQQI would produce $119.75/month, at current distribution rates.
ODTE yield14.92%
QQQI yield14.37%
Monthly diff on $10K$4.58
Cost & efficiency
Over 10 years on $10,000, ODTE would cost approximately $760 in fees vs $680 for QQQI (simplified, not compounded). The $80.00 difference may be offset by yield or performance.
ODTE ER0.76%
QQQI ER0.68%
Strategy & risk
Both ODTE and QQQI wrap S&P 500, Nasdaq-100, Russell 2000 with options-based income overlays (covered call and options). The practical differences are yield target, fee structure, and issuer track record — not the underlying mechanic.
ODTE beta—
QQQI beta1.0553
Fund details
ODTE is managed by VegaShares (launched 04/03/2026) with $3.08M in assets. QQQI is managed by NEOS (launched 01/29/2024) with $13.3B in assets.
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Frequently asked questions
Is ODTE or QQQI 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 ODTE and QQQI?
Both ODTE (VegaShares SPX NDX RTY Premium Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) track S&P 500, Nasdaq-100, Russell 2000 with options-based income strategies — the labels "covered call" and "options" describe closely related mechanics (covered calls are a specific type of options strategy). The real differences show up in yield target (14.92% vs 14.37%), expense ratio (0.76% vs 0.68%), and issuer (VegaShares vs NEOS).
Can I hold both ODTE and QQQI?
You can, but expect significant overlap. Both funds use options-based income strategies on S&P 500, Nasdaq-100, Russell 2000, 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, ODTE or QQQI?
ODTE has an expense ratio of 0.76% while QQQI charges 0.68%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in ODTE vs QQQI generate?
At current rates, $10,000 in ODTE would generate roughly $124.33 per month ($1,492.00 annually). The same in QQQI would produce about $119.75 per month ($1,437.00 annually).
Which has performed better historically, ODTE or QQQI?
ODTE has lagged QQQI over the year to date, posting a 7.07% total return against 7.10%. ODTE has been the steadier holding, though — annualized volatility of 15.2% against 19.9% for QQQI. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
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