ETF Comparison

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

A head-to-head comparison of NEOS Nasdaq-100 High Income ETF and JPMorgan Nasdaq Equity Premium Yield ETF covering yield, cost, risk, and income potential.

Data updated May 24, 2026

NEOS

ETFs19

Total AUM$25.4B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

NEOS is known for specializing in income-focused ETFs that employ option strategies and enhanced yield mechanisms across equities, fixed income, and alternative assets. The firm operates 19 funds organized around themes including covered call strategies (such as QQQH, SPYH, and QQQI), high-income equity products, hedged equity income, and enhanced fixed income solutions, with notable tickers covering broad market indices and technology-heavy benchmarks. NEOS distinguishes itself through a niche focus on yield enhancement and income generation across diverse asset classes, catering to investors seeking above-market distributions through systematic option writing and alternative income strategies.

See our curated list of related YouTube videos on QQQI.

See all NEOS ETFs

JPMorgan

ETFs8

Total AUM$109.1B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

JPMorgan offers a focused lineup of two income-focused ETFs designed to generate current yield through option-writing strategies. The firm's ETF portfolio centers on equity income products, with JEPI (Equity Premium Income ETF) and JEPQ (Nasdaq-100 Equity Premium Income ETF) serving as its flagship offerings that employ covered call strategies on U.S. equities. These funds represent JPMorgan's specialization in systematic income generation for investors seeking regular distributions alongside equity exposure.

See our curated list of related YouTube videos on ROCQ.

See all JPMorgan ETFs

Side-by-side snapshot

	QQQI	ROCQ
Full name	NEOS Nasdaq-100 High Income ETF	JPMorgan Nasdaq Equity Premium Yield ETF
Issuer	NEOS	JPMorgan
Last Close	$56.14 as of May 24, 2026	$56.45 as of May 24, 2026
Distribution yield	13.30%	14.18%
Expense ratio	0.68%	0.35%
AUM	$11.0B	$154M
Distribution frequency	Monthly	Monthly
Underlying index	NASDAQ 100	NASDAQ 100
Objective	Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.	Designed to deliver current yield while maintaining prospects for capital appreciation and total return.
Asset class	Equity	Equity
Inception date	01/29/2024	03/19/2026
Last dividend	$0.66	$0.67
Ex-dividend date	05/20/2026	05/01/2026

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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.

Quick verdict

QQQI (NEOS Nasdaq-100 High Income ETF) and ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) are both monthly-pay dividend ETFs, but they take different approaches.

ROCQ offers the higher yield at 14.18% vs 13.30% for QQQI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

ROCQ is cheaper with an expense ratio of 0.35% compared to 0.68%.

QQQI has $11.0B in assets vs $154M for ROCQ, but ROCQ only launched March 2026 — AUM comparisons will become more meaningful as it builds a track record.

Deep dive

Yield & income

On a $10,000 investment, QQQI would generate roughly $110.83/month, while ROCQ would produce $118.17/month, at current distribution rates. Both pay monthly distributions.

QQQI yield13.30%

ROCQ yield14.18%

Monthly diff on $10K$7.33

Cost & efficiency

Over 10 years on $10,000, QQQI would cost approximately $680 in fees vs $350 for ROCQ (simplified, not compounded). The $330.00 difference may be offset by yield or performance.

QQQI ER0.68%

ROCQ ER0.35%

Strategy & risk

Both QQQI and ROCQ wrap NASDAQ 100 with options-based income overlays (options and covered call). The practical differences are yield target, fee structure, and issuer track record — not the underlying mechanic.

Fund details

QQQI is managed by NEOS (launched 01/29/2024) with $11.0B in assets. ROCQ is managed by JPMorgan (launched 03/19/2026) with $154M in assets.

QQQI AUM$11.0B

ROCQ AUM$154M

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Frequently asked questions

Is QQQI or ROCQ better for dividend income?

It depends on your goals. ROCQ 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 ROCQ?

Both QQQI (NEOS Nasdaq-100 High Income ETF) and ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) track NASDAQ 100 with options-based income strategies — the labels "options" and "covered call" describe closely related mechanics (covered calls are a specific type of options strategy). The real differences show up in yield target (13.30% vs 14.18%), expense ratio (0.68% vs 0.35%), and issuer (NEOS vs JPMorgan).

Can I hold both QQQI and ROCQ?

You can, but expect significant overlap. Both funds use options-based income strategies on NASDAQ 100, so holding them together gives you two wrappers around effectively the same exposure — not true diversification. Weigh issuer, fee, and yield differences rather than treating them as complementary.

Which has lower fees, QQQI or ROCQ?

QQQI has an expense ratio of 0.68% while ROCQ charges 0.35%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in QQQI vs ROCQ generate?

At current rates, $10,000 in QQQI would generate roughly $110.83 per month ($1,330.00 annually). The same in ROCQ would produce about $118.17 per month ($1,418.00 annually).

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QQQI vs ROCQ — at a glance

Generated May 2026 from current fund data.

Overview

QQQI and ROCQ are both monthly-income ETFs that overlay call-selling strategies on the Nasdaq-100 to generate yields well above typical equity dividends. QQQI, launched in early 2024, targets tax efficiency alongside income; ROCQ, newer still, prioritizes current yield and capital appreciation. Both report zero beta, indicating their equity exposure is substantially hedged by the options positions they maintain.

How they differ

The biggest difference is yield: ROCQ distributes 14.18% annualized versus QQQI's 13.30%, a meaningful 88-basis-point gap. ROCQ also charges less—a 0.35% expense ratio compared to QQQI's 0.68%, cutting fees by roughly half. That said, QQQI has vastly larger AUM at $11.0 billion, suggesting deeper liquidity and lower trading friction, while ROCQ sits at just $153.5 million. Both use call-selling on the same underlying index, but QQQI emphasizes tax efficiency in its mandate, whereas ROCQ emphasizes total return prospects alongside income.

Who each is best for

QQQI: Investors in taxable accounts who prioritize tax-efficient monthly income alongside Nasdaq-100 exposure, and who have a moderate-to-high risk tolerance for NAV fluctuation.

ROCQ: Yield-focused investors with shorter time horizons or those willing to chase higher current distributions, ideally in qualified-retirement accounts where the tax complexity of options strategies matters less.

Key risks to know

NAV erosion at 13%+ distribution yields. Both funds distribute substantially more than the Nasdaq-100 dividend yield; this gap is covered partly by call-premium capture and partly by return of capital. Sustained call-premium scarcity or a sharp rally could force NAV declines to maintain distribution levels.

Call-assignment risk limits upside. Both funds systematically sell calls on their holdings. If the Nasdaq-100 rallies sharply, shares will be called away at strike prices, capping gains and potentially forcing the fund to reinvest proceeds at lower prices.

Options volatility mismatch. When implied volatility falls—as it often does in strong bull markets—call premiums shrink, reducing the fund's income-generation capacity and pressuring distributions downward.

ROCQ's minimal AUM and brief track record. At $153.5 million and launched in March 2026, ROCQ has almost no performance history and carries liquidity risk; large redemptions could force adverse options unwinding.

Nasdaq-100 sector concentration. Both track the same index, which is heavily weighted to mega-cap technology. Prolonged underperformance in that sector would pressure underlying holdings and call-premium availability simultaneously.

Bottom line

If you want lower fees and larger AUM in a taxable account, QQQI offers the combination; if you're chasing maximum current yield in a retirement account and can tolerate less liquidity, ROCQ's 14.18% distribution and 0.35% fee are the trade. Either way, these yields depend on sustained options volatility and disciplined call-assignment mechanics—conditions that may not hold in all market regimes. Past performance does not guarantee future results.

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