OMAH vs QQQI: Berkshire Holdings or Nasdaq Income?
OMAH combines Berkshire Hathaway shares and selected publicly disclosed Berkshire holdings with an income-oriented option strategy. QQQI holds Nasdaq-100 constituents and actively manages bought and sold index calls. The equity mix differs before the option overlay is considered.
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.
OMAH has lagged QQQI over the trailing twelve months, posting a 6.09% total return against 18.72%. Measured from Mar 2025 — the start of shared available history — QQQI has compounded at 22.71% a year versus 7.34% for OMAH. OMAH has been the steadier holding, though — annualized volatility of 9.0% against 16.7% 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 October 2, 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 Mar 2025” measures every fund from March 5, 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 and SEC yield
Metric
OMAH
QQQI
Forward distribution rate
15.37%
13.56%
Trailing 12-month yield
15.92%
13.63%
30-day SEC yield
—
-0.05%
Total return (price change plus reinvested distributions) is the Total returns section above. 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.
Actively managed options income ETF that seeks a 15% annual distribution target by holding
Berkshire Hathaway Class B shares alongside the 20 highest-valued U.S.-listed positions
disclosed in Berkshire's latest 13F, with an actively managed options overlay for monthly
cash flow.
Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
Bottom lineChoose OMAH if you want the Berkshire-related selection with an option-income overlay. Choose QQQI if you want Nasdaq-100-oriented option income and accept growth concentration. Compare net total returns over matching dates, distribution sources, and current holdings. A distribution rate is not a return forecast, and tax return of capital alone does not establish economic loss. Payments and prices can fall.
Berkshire-related selection versus Nasdaq-100 exposure
OMAH combines Berkshire Hathaway shares and selected publicly disclosed Berkshire holdings with an income-oriented option strategy. QQQI holds Nasdaq-100 constituents and actively manages bought and sold index calls. The equity mix differs before the option overlay is considered.
OMAH
QQQI
Approach
Berkshire-related equity portfolio and options
Nasdaq-100 stocks and active index calls
Risk review
Selection, overlapping Berkshire exposure, equity, and option risks
Large-growth concentration, equity losses, and option risks
Expense ratio
0.98%
0.68%
Portfolio fit
Review combined holdings and weights
Review combined holdings and weights
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. OMAH 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.
VistaShares operates a focused lineup of 9 ETFs organized around thematic investment families including BitBonds, Supercycle, and Target 15, targeting investors seeking specialized exposure beyond traditional broad-market strategies. The firm's fund portfolio, featuring tickers such as ACKY, POW, and QUSA, emphasizes sector-specific and alternative investment themes rather than conventional dividend or income-focused approaches. VistaShares serves investors looking for differentiated exposure to emerging trends and niche market segments through a compact but specialized ETF offering.
See our curated list of related YouTube videos on OMAH.
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.
OMAH (VistaShares Target 15 Berkshire Select Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.
OMAH offers the higher yield at 15.37% vs 13.56% 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 0.98%.
They have different reference exposures: OMAH is linked to Berkshire Hathaway Class B (BRK.B, ~10%) plus the 20 highest-valued U.S.-listed positions in
Berkshire's latest 13F, with an options overlay while QQQI is linked to Nasdaq-100, which means their performance drivers differ.
QQQI is the larger fund by assets ($15.0B), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment, OMAH would generate roughly $128.08 cash per distribution, while QQQI would produce $113.00 cash per distribution, at current distribution rates. Both pay monthly distributions.
OMAH yield15.37%
QQQI yield13.56%
Cash diff on $10K$15.08
Cost & efficiency
Over 10 years on $10,000, OMAH would cost approximately $980 in fees vs $680 for QQQI (simplified, not compounded). The $300.00 difference may be offset by yield or performance.
OMAH ER0.98%
QQQI ER0.68%
Strategy & risk
OMAH combines Berkshire Hathaway shares and selected publicly disclosed Berkshire holdings with an income-oriented option strategy. QQQI holds Nasdaq-100 constituents and actively manages bought and sold index calls. The equity mix differs before the option overlay is considered. Beta describes historical benchmark sensitivity, not guaranteed downside protection.
OMAH beta0.3287
QQQI beta1.0553
Fund details
OMAH is managed by VistaShares (launched 03/05/2025) with $1.14B in assets. QQQI is managed by NEOS (launched 01/29/2024) with $15.0B in assets.
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Frequently asked questions
Is OMAH managed by Berkshire Hathaway?
No. It is a VistaShares fund using Berkshire-related equity exposure. Public holdings disclosures have a reporting lag and do not represent Berkshire's entire operating business. Its income target is not a promised return. QQQI's distributions are also variable, and neither fund protects principal.
How should I compare risk and ownership costs?
Use matching dates and definitions for returns, distributions, and fees. Beta describes historical benchmark sensitivity, not guaranteed downside protection. Check current bid-ask spreads and premiums or discounts; AUM alone does not determine the price available for your order.
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