QQQ and QQQM are separate Invesco Nasdaq-100 index ETFs; QQQI is a NEOS options-income ETF built around Nasdaq-100 holdings. QQQ and QQQM mainly differ in trading activity and expenses. QQQI changes the investment objective by using index options for income, which can sacrifice some upside. Decide whether you want index participation or recurring cash distributions first.
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.
QQQM tops the group over the trailing twelve months with a 24.20% total return, against QQQ at 24.14% and QQQI at 18.23%. 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 30, 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 Jan 2024” measures every fund from January 30, 2024 — 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
QQQ
QQQI
QQQM
Forward distribution rate
0.41%
13.69%
0.41%
Trailing 12-month yield
0.42%
13.76%
0.43%
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.
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. QQQI generates 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.
Invesco is a major ETF provider known for offering a comprehensive lineup spanning multiple asset classes and investment strategies. The company specializes in income-focused products including dividend, covered call, and bond strategies, while also maintaining broad exposure across equity, factor-based, thematic, and ESG investing themes. Invesco's portfolio ranges from index-tracking funds to alternatives and specialized offerings like digital assets and BulletShares, making it one of the more expansive ETF families available to investors.
See our curated list of related YouTube videos on QQQ and QQQM.
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.
Choose QQQ or QQQM when the goal is Nasdaq-100 index participation, then compare their current expenses and actual trading spreads. Choose QQQI only if you want an active option-income overlay and accept its different upside and distribution profile. A larger cash payout is not a higher total return.
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On a $10,000 investment: QQQ generates ~$10.25 cash per distribution, QQQI generates ~$114.08 cash per distribution, QQQM generates ~$10.25 cash per distribution at current distribution rates.
QQQ yield0.41%
QQQI yield13.69%
QQQM yield0.41%
Cost & efficiency
Over 10 years on $10,000: QQQ costs ~$180, QQQI costs ~$680, QQQM costs ~$150 in fees (simplified, not compounded).
QQQ ER0.18%
QQQI ER0.68%
QQQM ER0.15%
Strategy & risk
QQQ and QQQM are separate Invesco Nasdaq-100 index ETFs; QQQI is a NEOS options-income ETF built around Nasdaq-100 holdings. QQQ and QQQM mainly differ in trading activity and expenses. QQQI changes the investment objective by using index options for income, which can sacrifice some upside. Decide whether you want index participation or recurring cash distributions first.
QQQ beta1.26
QQQI beta1.0553
QQQM beta1.18
Fund details
QQQ is managed by Invesco (launched 03/10/1999) with $501B in assets. QQQI is managed by NEOS (launched 01/29/2024) with $15.0B in assets. QQQM is managed by Invesco (launched 10/13/2020) with $110B in assets.
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Frequently asked questions
Is QQQI just an income share class of QQQ?
No. QQQI is a separate actively managed NEOS ETF that uses Nasdaq-100 holdings and index options. QQQ and QQQM are Invesco index ETFs that seek Nasdaq-100 results. The option overlay changes upside participation, cash distributions, and tax considerations.
Why compare QQQ and QQQM separately?
They track the same index but have different fund expenses and trading characteristics. For a long holding period, compare current expense ratios. For frequent or large trades, also compare actual bid-ask spreads and execution, which can change by time and order size.
Could QQQI outperform QQQ or QQQM?
Yes, under some market paths, but option premiums do not guarantee outperformance. Selling calls may help in flat markets and limit gains in a strong rally, while all three retain Nasdaq equity downside. Compare net total returns over matching dates and understand distribution sources.
Explore related screeners
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