Generated April 2026 from current fund data.
Overview
OMAH and QQQI are both actively managed ETFs using options overlays to generate high monthly income from equity exposure. OMAH focuses exclusively on Berkshire Hathaway Class B shares with call-writing, while QQQI holds the full Nasdaq-100 index with a similar options strategy. The key distinction is concentration versus diversification: OMAH bets on a single company's optionality, while QQQI spreads that risk across 100 large-cap growth stocks.
How they differ
The biggest difference is portfolio construction. OMAH owns only BRK.B and writes calls against it; QQQI holds all 100 Nasdaq-100 constituents. This makes OMAH a concentrated single-stock play, while QQQI functions as a diversified tech-heavy equity fund with an income wrapper.
Distribution yields are comparable—OMAH at 15.08% versus QQQI at 14.32%—but their sources differ subtly. QQQI's SEC 30-day yield of 0.06% signals that most of its 14.32% distribution comes from options premium and likely return-of-capital, whereas OMAH doesn't report a 30-day yield, suggesting heavier reliance on call-writing income from day one.
QQQI is substantially larger ($9.3 billion in AUM versus OMAH's $689 million) and has nearly two years of track record versus OMAH's one-year inception. QQQI's expense ratio is also lower at 0.68% versus OMAH's 0.95%, a meaningful 27 basis-point gap on a 14–15% yield.
Who each is best for
OMAH: Investors with high conviction in Berkshire Hathaway's long-term performance who want monthly income and can tolerate single-company concentration risk; best held in tax-advantaged accounts given likely return-of-capital distributions.
QQQI: Income-focused investors who want broad Nasdaq-100 exposure with monthly payouts and prefer diversification over single-stock risk; stronger fit for those prioritizing tax efficiency and lower fees over maximum yield.
Key risks to know
- NAV erosion: Both funds target yields (15% and 14%) well above historical equity market returns, suggesting distributions will likely include return of capital and gradually erode principal over time.
- Concentration risk (OMAH only): A single company's operational or market disruption directly impairs the fund; Berkshire Hathaway's size and stability reduce but do not eliminate this risk.
- Call-writing headwind: Both funds cap upside through systematic call-writing. In a sharp market rally, the options overlay will drag relative performance.
- Yield sustainability: QQQI's 0.06% SEC yield versus its 14.32% distribution rate indicates material reliance on non-dividend income sources, which may prove inconsistent across market cycles.
- Track record: OMAH's March 2025 inception means no full-cycle data exists; performance claims rest on methodology, not realized results.
Bottom line
If you prioritize diversification and lower fees, QQQI's Nasdaq-100 exposure and 0.68% expense ratio offer a broader equity base with a still-generous 14.32% yield. If you have a strong thesis on Berkshire Hathaway and can tolerate single-stock risk, OMAH's concentrated 15% target may appeal—but both funds' high yields will likely require meaningful return-of-capital haircuts to principal over time. Past performance, especially for funds with inception dates in 2024–2025, does not predict future results.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
