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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Invesco is a major player in the ETF space known for offering a broad, diversified lineup of 71 funds spanning multiple investment themes and strategies. Their portfolio spans income-focused funds, factor-based equity strategies, commodity exposure, digital assets, ESG investing, and the popular Invesco QQQ family tracking the Nasdaq-100, serving both income-seeking and growth-oriented investors. The issuer is particularly recognized for specialized offerings like BulletShares (laddered bond funds), sector rotation strategies, and thematic investing options, making it a comprehensive choice for investors seeking varied exposures beyond traditional index funds.
See our curated list of related YouTube videos on QQQM.
Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
Track the NASDAQ-100 Index with a lower expense ratio alternative to QQQ.
Asset class
Equity
Equity
Inception date
01/29/2024
10/13/2020
Beta
1.0553
1.18
Last dividend
$0.6570
$0.3520
Ex-dividend date
06/16/2026
06/22/2026
Bottom lineChoose QQQI if you want to maximize current income — roughly 14.08%, generated by selling options premium. Choose QQQM if you want a growth tilt and can accept bigger swings for higher upside. There's no free lunch: QQQI's payout comes from selling options, which caps upside and can erode the share price over time, while QQQM keeps full price exposure.
Most used
Income calculator
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
QQQI has lagged QQQM over the trailing twelve months, posting a 22.96% total return against 30.08%. Measured from Jan 2024 — when the younger fund began trading — QQQM has compounded at 24.67% a year versus 20.67% for QQQI. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 14, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jan 2024” measures every fund from January 30, 2024 — 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
QQQI (NEOS Nasdaq-100 High Income ETF) and QQQM (Invesco NASDAQ 100 ETF) are both dividend ETFs, but they take different approaches.
QQQI offers the higher yield at 14.08% vs 0.48% for QQQM. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
QQQM is cheaper with an expense ratio of 0.15% compared to 0.68%.
They track different benchmarks: QQQI is linked to NASDAQ 100 while QQQM tracks NASDAQ-100 Index, which means their performance drivers differ.
QQQM is the larger fund by assets ($96.8B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose QQQI
NEOS Nasdaq-100 High Income ETF
Want to maximize current income — QQQI distributes roughly 14.08% from selling options premium, vs 0.48% for QQQM.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Choose QQQM
Invesco NASDAQ 100 ETF
Want a growth tilt and can accept larger swings for more upside.
Want to keep costs low — a 0.15% expense ratio vs 0.68% for QQQI.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, QQQI would generate roughly $117.33/month, while QQQM would produce $4.00/month, at current distribution rates.
QQQI yield14.08%
QQQM yield0.48%
Monthly diff on $10K$113.33
Cost & efficiency
Over 10 years on $10,000, QQQI would cost approximately $680 in fees vs $150 for QQQM (simplified, not compounded). The $530.00 difference may be offset by yield or performance.
QQQI ER0.68%
QQQM ER0.15%
Strategy & risk
QQQI tracks NASDAQ 100 with an options approach, while QQQM tracks NASDAQ-100 Index with a growth approach. Beta is 1.0553 for QQQI and 1.18 for QQQM, indicating QQQI is less volatile relative to the market.
QQQI beta1.0553
QQQM beta1.18
Fund details
QQQI is managed by NEOS (launched 01/29/2024) with $12.5B in assets. QQQM is managed by Invesco (launched 10/13/2020) with $96.8B in assets.
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Frequently asked questions
Is QQQI or QQQM better for dividend income?
It depends on your goals. QQQI 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 QQQI and QQQM?
QQQI (NEOS Nasdaq-100 High Income ETF) tracks NASDAQ 100 with an options approach, while QQQM (Invesco NASDAQ 100 ETF) tracks NASDAQ-100 Index with a growth approach. They are issued by NEOS and Invesco respectively.
Can I hold both QQQI and QQQM?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, QQQI or QQQM?
QQQI has an expense ratio of 0.68% while QQQM charges 0.15%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in QQQI vs QQQM generate?
At current rates, $10,000 in QQQI would generate roughly $117.33 per month ($1,408.00 annually). The same in QQQM would produce about $4.00 per month ($48.00 annually).
Which has performed better historically, QQQI or QQQM?
QQQI has lagged QQQM over the trailing twelve months, posting a 22.96% total return against 30.08%. Measured from Jan 2024 — when the younger fund began trading — QQQM has compounded at 24.67% a year versus 20.67% for QQQI. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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