ETF Comparison

OMAH vs QQQI: Which Is the Better Pick in 2026?

A head-to-head comparison of VistaShares Target 15 Berkshire Select Income ETF and NEOS Nasdaq-100 High Income ETF covering yield, cost, risk, and income potential.

Data updated July 4, 2026

VistaShares

ETFs9

Total AUM$1.79B

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.

See all VistaShares ETFs

NEOS

ETFs19

Total AUM$24.2B

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.

See all NEOS ETFs

Side-by-side snapshot

	OMAH	QQQI
Full name	VistaShares Target 15 Berkshire Select Income ETF	NEOS Nasdaq-100 High Income ETF
Issuer	VistaShares	NEOS
Last Close	$18.87 as of July 4, 2026	$55.36 as of July 4, 2026
Distribution yield	14.69%	14.24%
Distribution Safety Score	81	88
Expense ratio	0.95%	0.68%
AUM	$831M	$12.5B
Distribution frequency	Monthly	Monthly
Underlying index	Berkshire Hathaway Inc. Class B (BRK.B) with an options overlay	NASDAQ 100
Objective	Actively managed options income ETF that seeks a 15% annual distribution target by owning Berkshire Hathaway Class B shares and deploying a systematic call-writing overlay for monthly cash flow.	Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
Asset class	Equity	Equity
Inception date	03/05/2025	01/29/2024
Beta	0.3287	1.0553
Last dividend	$0.2310	$0.6570
Ex-dividend date	06/29/2026	01/21/2026

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

OMAH has lagged QQQI over the trailing twelve months, posting a 11.39% total return against 23.48%. Measured from Mar 2025 — when the younger fund began trading — QQQI has compounded at 23.02% a year versus 10.76% for OMAH. OMAH has been the steadier holding, though — annualized volatility of 8.2% against 15.2% for QQQI. Figures are total returns: price change plus every distribution reinvested.

Symbol	YTD	1Y	Since Mar 2025	Volatility	Sharpe	Sortino	Max drawdown
OMAH	7.03%	11.39%	10.76%	8.2%	0.77	1.09	-3.0%
QQQI	10.50%	23.48%	23.02%	15.2%	1.09	1.53	-9.6%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 2, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Mar 2025” measures every fund from March 5, 2025 — 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 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.

Quick verdict

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 14.69% vs 14.24% 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 0.95%.

They track different benchmarks: OMAH is linked to Berkshire Hathaway Inc. Class B (BRK.B) with an options overlay while QQQI tracks NASDAQ 100, which means their performance drivers differ.

QQQI is the larger fund by assets ($12.5B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, OMAH would generate roughly $122.42/month, while QQQI would produce $118.67/month, at current distribution rates. Both pay monthly distributions.

OMAH yield14.69%

QQQI yield14.24%

Monthly diff on $10K$3.75

Cost & efficiency

Over 10 years on $10,000, OMAH would cost approximately $950 in fees vs $680 for QQQI (simplified, not compounded). The $270.00 difference may be offset by yield or performance.

OMAH ER0.95%

QQQI ER0.68%

Strategy & risk

OMAH tracks Berkshire Hathaway Inc. Class B (BRK.B) with an options overlay with a target approach, while QQQI tracks NASDAQ 100 with an options approach. Beta is 0.3287 for OMAH and 1.0553 for QQQI, indicating OMAH is less volatile relative to the market.

OMAH beta0.3287

QQQI beta1.0553

Fund details

OMAH is managed by VistaShares (launched 03/05/2025) with $831M in assets. QQQI is managed by NEOS (launched 01/29/2024) with $12.5B in assets.

OMAH AUM$831M

QQQI AUM$12.5B

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Frequently asked questions

Is OMAH or QQQI better for dividend income?

It depends on your goals. OMAH 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 OMAH and QQQI?

OMAH (VistaShares Target 15 Berkshire Select Income ETF) tracks Berkshire Hathaway Inc. Class B (BRK.B) with an options overlay with a target approach, while QQQI (NEOS Nasdaq-100 High Income ETF) tracks NASDAQ 100 with an options approach. They are issued by VistaShares and NEOS respectively.

Can I hold both OMAH and QQQI?

Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.

Which has lower fees, OMAH or QQQI?

OMAH has an expense ratio of 0.95% 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 OMAH vs QQQI generate?

At current rates, $10,000 in OMAH would generate roughly $122.42 per month ($1,469.00 annually). The same in QQQI would produce about $118.67 per month ($1,424.00 annually).

Which has performed better historically, OMAH or QQQI?

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OMAH vs QQQI — at a glance

Generated June 2026 from current fund data.

Overview

OMAH and QQQI are both options-overlay ETFs designed to harvest monthly income from equity positions, but they target fundamentally different universes. OMAH focuses exclusively on Berkshire Hathaway Class B shares with a 15% annual distribution target, while QQQI writes options on the entire NASDAQ-100 index. Both use call-selling strategies to generate cash flow, but OMAH concentrates its equity exposure into a single holding, whereas QQQI disperses it across 100 names.

How they differ

The biggest structural difference is concentration versus diversification. OMAH owns only BRK.B and harvests options premium from that single name; QQQI holds the full NASDAQ-100 basket. This means OMAH's income depends entirely on Berkshire's call premium and price action, while QQQI spreads that risk across tech, healthcare, and financial names.

Second, the yield targets differ modestly but meaningfully. OMAH targets 14.99% annually; QQQI delivers 14.25%. Both are unsustainably high relative to their underlying assets' historical earnings yields, signaling that distributions rely heavily on return of capital or principal erosion rather than organic cash generation.

Third, QQQI's beta of 1.0553 means it tracks broad market swings closely, whereas OMAH's beta of 0.3287 reflects Berkshire's defensive character and the dampening effect of call-selling—fewer upside surges, but also fewer downturns. QQQI has $12.5B in AUM versus OMAH's $831M, giving QQQI deeper liquidity and longer operational history (January 2024 vs. March 2025).

Who each is best for

OMAH: Fits investors seeking concentrated exposure to Berkshire Hathaway who want monthly income and are comfortable with a single-stock call-overlay strategy, even at the cost of capped upside and no diversification beyond one holding.

QQQI: Designed for investors who want broad tech-heavy equity exposure with systematic income generation through options, accepting that the portfolio will move in tandem with NASDAQ-100 dynamics and that call-selling caps significant rallies.

Key risks to know

NAV erosion at unsustainable yields. Both funds' 14%+ distribution rates far exceed the earnings yield of their underlying assets, making it likely distributions include material return-of-capital components that erode net asset value over time.

Call assignment and upside cap. Monthly call-selling caps gains meaningfully; if BRK.B or the NASDAQ-100 rallies sharply, OMAH and QQQI holders forgo those profits as shares are called away at strike prices. This dampens long-term total return even as distributions remain steady.

Concentration risk (OMAH only). OMAH's complete dependence on Berkshire Hathaway means fund performance hinges on one company's operational, capital allocation, and regulatory decisions. A significant decline or strategic misstep at Berkshire would hit the fund directly with no diversification offset.

Implied volatility dependency. Both funds' income generation relies on sustained or rising implied volatility in their underlying names (BRK.B for OMAH, NASDAQ-100 constituents for QQQI). A sharp drop in IV would compress call premiums and reduce future distributions.

Tax efficiency claim requires scrutiny (QQQI). QQQI markets itself as "tax efficient," but a 14.25% distribution rate still likely includes substantial return-of-capital treatment, which defers but does not eliminate tax liability in taxable accounts.

Bottom line

If you want concentrated Berkshire exposure with low beta and systematic income, OMAH offers a narrower, more defensive vehicle; if you prefer broad NASDAQ-100 exposure with higher beta and comparable income, QQQI provides diversification and larger scale. Both funds face the core challenge that their target yields substantially exceed underlying asset returns, suggesting meaningful principal erosion will fund the distributions. Past performance does not predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.