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.
Data updated September 21, 2026
Visual comparison
Key metrics
Projected income on $10K
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.
ODTE has lagged QQQI over the shared window since Apr 2026, posting a 6.95% total return against 17.95%. ODTE has been the steadier holding, though — annualized volatility of 13.8% against 18.1% for QQQI. 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 21, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Apr 2026” measures every fund from April 6, 2026 — 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 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.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
Seeks weekly income by investing at least 80% of net assets in the constituents of the S&P 500, Nasdaq-100 and Russell 2000 indices, or instruments linked to them, alongside an options premium strategy.
Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
Bottom lineWe won't call this one: ODTE launched April 2026, so there is not yet a track record to compare. Compare the strategy, cost and holdings in the sections above and treat any performance figures for the newer ETF as provisional.
How the risk works
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. ODTE 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.
VegaShares specializes in options-based and thematic ETFs designed to generate income and capitalize on emerging trends. The issuer's lineup spans income-focused strategies, including covered call funds, alongside thematic offerings that target specific market segments and innovation themes. VegaShares serves investors seeking alternative approaches to traditional equity exposure, with a concentrated portfolio of strategically named funds addressing both income generation and sector-specific growth opportunities.
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.
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 13.99% vs 13.70% 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 have different reference exposures: ODTE is linked to S&P 500, Nasdaq-100, Russell 2000 while QQQI is linked to Nasdaq-100, which means their performance drivers differ.
QQQI has $14.8B in assets vs $2.75M for ODTE, but ODTE only launched April 2026 — AUM comparisons will become more meaningful as it builds a track record.
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On a $10,000 investment, ODTE would generate roughly $26.90 cash per distribution, while QQQI would produce $114.17 cash per distribution, at current distribution rates.
ODTE yield13.99%
QQQI yield13.70%
Cash diff on $10K$87.26
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 active). 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 $2.75M in assets. QQQI is managed by NEOS (launched 01/29/2024) with $14.8B in assets.
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Frequently asked questions
What is the current distribution rate for ODTE and QQQI?
ODTE currently distributes 13.99% and QQQI 13.70%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.
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 "active" describe closely related mechanics (covered calls are a specific type of options strategy). The real differences show up in yield target (13.99% vs 13.70%), 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.
Is ODTE or QQQI safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — QQQI scores 84, ODTE scores 50, so QQQI's payout currently looks the more resilient of the two. No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.
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 $26.90 cash per distribution ($1,399.00 annually). The same in QQQI would produce about $114.17 cash per distribution ($1,370.00 annually).
Which has performed better historically, ODTE or QQQI?
ODTE has lagged QQQI over the shared window since Apr 2026, posting a 6.95% total return against 17.95%. ODTE has been the steadier holding, though — annualized volatility of 13.8% against 18.1% for QQQI. 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.
The key distinction is ODTE's reliance on ultra-short-dated options and triple-index exposure versus QQQI's tech-heavy single-index approach with longer-dated option contracts.
How they differ
ODTE's strategy hinges on selling 0DTE options—contracts expiring the same day or next day—which generates income from rapid time decay but introduces daily rebalancing complexity and concentrated operational risk. QQQI, by contrast, uses traditional covered calls on Nasdaq-100 stocks with a monthly roll cycle, a more conventional options overlay. On fees, QQQI's 0.68% expense ratio edges out ODTE's 0.76%, but the gap narrows when accounting for QQQI's emphasis on tax efficiency. The most striking difference in scale: QQQI has $14.8B in assets under management versus $2.75M for ODTE—a roughly 4,000-fold gap that reflects QQQI's 2 years track record against ODTE's newer launch.
Who each is best for
ODTE: Fits investors with high income need and short time horizons who are comfortable with weekly distribution volatility and accept the operational complexity of 0DTE mechanics. Traders and income-focused allocators in search of frequent cash flow may find the weekly cadence appealing.
QQQI: Fits investors seeking monthly Nasdaq-100 exposure with systematic covered-call income and a preference for tax-efficient distributions. Suits those who want tech-sector upside with downside cushion via option premium, without the complexity of daily expiration cycles.
Key risks to know
NAV erosion at high distribution yields. Both funds distribute well above typical equity appreciation; 13.70% and 13.70% annual yields suggest material reliance on return-of-capital, which erodes share price over time if underlying holdings don't grow sufficiently to offset distributions. Compare the distribution rate to historical total return to assess sustainability.
0DTE operational and liquidity risk (ODTE). Rolling options contracts daily creates operational friction, slippage, and potential gaps during market stress or low liquidity. If underlying indices gap sharply at open, ODTE may struggle to execute timely hedges, exposing shareholders to unintended directional risk.
Single-index concentration (QQQI).QQQI's exclusive Nasdaq-100 exposure means it is more correlated to large-cap tech momentum and more vulnerable to sector reversals than a diversified portfolio. Its 1.0553 beta indicates materially amplified swings relative to the broad market.
Nascent fund risk (ODTE). Launched 04/03/2026, ODTE has limited performance history and operates with $2.75M, a micro-cap fund size vulnerable to redemptions, seed-stage operational friction, and potential closure if assets decline further.
Options decay assumptions. Both funds assume stable implied volatility and normal option bid-ask spreads. Sharp volatility spikes can compress premium income unexpectedly, while prolonged low-volatility environments may reduce the income advantage relative to traditional equity strategies. Both carry the risk that high current yields may not be sustainable—past performance does not predict future returns, and distributions above underlying capital growth eventually erode principal.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
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The metrics behind this comparison, explained in the Academy.
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