ETF Comparison
OMAH vs QQQI vs SPYI: Which Is the Better Pick in 2026?
A side-by-side comparison of VistaShares Omaha ETF, NEOS Nasdaq-100 High Income ETF and NEOS S&P 500 High Income ETF covering yield, cost, risk, and income potential.
Data updated April 2, 2026
Side-by-side snapshot
| OMAH | QQQI | SPYI | |
|---|---|---|---|
| Full name | VistaShares Omaha ETF | NEOS Nasdaq-100 High Income ETF | NEOS S&P 500 High Income ETF |
| Issuer | VistaShares | NEOS | NEOS |
| Price | $18.02 | $49.69 | $49.37 |
| Distribution yield | 15.13% | 14.10% | 12.04% |
| Expense ratio | 0.95% | 0.68% | 0.68% |
| AUM | $689M | $8.9B | $8.1B |
| Distribution frequency | Monthly | Monthly | Monthly |
| Underlying index | Berkshire Hathaway Inc. Class B (BRK.B) with an options overlay | NASDAQ 100 | S&P 500 Index |
| 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. | Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. |
| Asset class | Equity | Equity | Equity |
| Inception date | 03/05/2025 | 01/29/2024 | 08/29/2022 |
| Beta | 0.0 | 0.0 | 0.68 |
| Last dividend | $0.23 | $0.64 | $0.53 |
| Ex-dividend date | 03/30/2026 | 01/21/2026 | 01/21/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
OMAH (VistaShares Omaha ETF), QQQI (NEOS Nasdaq-100 High Income ETF), SPYI (NEOS S&P 500 High Income ETF) are popular dividend ETFs that take different approaches.
OMAH offers the highest yield at 15.13%, followed by QQQI at 14.10%, SPYI at 12.04%.
QQQI is the cheapest with an expense ratio of 0.68%, compared to 0.68% for SPYI and 0.95% for OMAH.
QQQI is the largest fund by assets ($8.9B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment: OMAH generates ~$126.08/month, QQQI generates ~$117.50/month, SPYI generates ~$100.33/month at current distribution rates.
Cost & efficiency
Over 10 years on $10,000: OMAH costs ~$950, QQQI costs ~$680, SPYI costs ~$680 in fees (simplified, not compounded).
Strategy & risk
OMAH tracks Berkshire Hathaway Inc. Class B (BRK.B) with an options overlay with a 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. approach; QQQI tracks NASDAQ 100 with a seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. approach; SPYI tracks S&P 500 Index with a seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. approach.
Fund details
OMAH is managed by VistaShares (launched 03/05/2025) with $689M in assets. QQQI is managed by NEOS (launched 01/29/2024) with $8.9B in assets. SPYI is managed by NEOS (launched 08/29/2022) with $8.1B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Which of OMAH, QQQI, SPYI is best for dividend income?
It depends on your goals. OMAH currently offers the highest 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, QQQI, SPYI?
OMAH (VistaShares Omaha ETF) tracks Berkshire Hathaway Inc. Class B (BRK.B) with an options overlay with a 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. strategy, issued by VistaShares. QQQI (NEOS Nasdaq-100 High Income ETF) tracks NASDAQ 100 with a seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. strategy, issued by NEOS. SPYI (NEOS S&P 500 High Income ETF) tracks S&P 500 Index with a seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. strategy, issued by NEOS.
Can I hold OMAH, QQQI, SPYI together?
Yes. Many income investors hold multiple dividend ETFs to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has the lowest fees among OMAH, QQQI, SPYI?
OMAH has an expense ratio of 0.95%, QQQI has an expense ratio of 0.68%, SPYI has an expense ratio of 0.68%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 generate in each?
$10,000 in OMAH yields ~$126.08/month ($1,513.00/year). $10,000 in QQQI yields ~$117.50/month ($1,410.00/year). $10,000 in SPYI yields ~$100.33/month ($1,204.00/year).
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