XQQI builds its boosted income strategy around the Nasdaq-100; XSPI uses the S&P 500. Both combine equity exposure with options and additional notional exposure. The index mix matters alongside the distribution rate.
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.
XQQI has outpaced XSPI over the shared window since Feb 2026, posting a 18.06% total return against 11.96%. XSPI has been the steadier holding, though — annualized volatility of 16.6% against 26.3% for XQQI. 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 Feb 2026” measures every fund from February 3, 2026 — 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 shared window since Feb 2026. 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 shared window since Feb 2026) — 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
XQQI
XSPI
Forward distribution rate
19.88%
17.00%
Trailing 12-month yield
13.31%
11.13%
30-day SEC yield
-0.32%
0.18%
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.
“The NEOS Boosted Nasdaq‑100 High Income ETF (the ‘Fund’) seeks to boost performance by
generating high monthly income in a tax efficient manner with the potential for enhanced equity
appreciation in rising markets.”
“The NEOS Boosted S&P 500 High Income ETF (the ‘Fund’) seeks to boost performance by generating
high monthly income in a tax efficient manner with the potential for enhanced equity
appreciation in rising markets.”
Bottom lineChoose XQQI if you want boosted Nasdaq-100 income exposure and accept leverage risk. Choose XSPI if you want boosted S&P 500 income exposure and accept leverage risk. No. The indices can share large companies, so combining the funds can leave substantial holdings overlap. Both also carry leverage and options risk. Compare combined sector weights and drawdowns; a larger distribution does not establish a better total return or protect principal.
XQQI vs XSPI: Boosted Nasdaq or S&P 500 Income?
XQQI builds its boosted income strategy around the Nasdaq-100; XSPI uses the S&P 500. Both combine equity exposure with options and additional notional exposure. The index mix matters alongside the distribution rate.
XQQI
XSPI
Approach
Nasdaq-100
S&P 500
Risk review
Leverage, equity losses and option trade-offs
Leverage, equity losses and option trade-offs
Expense ratio
0.98%
0.98%
Portfolio fit
Review combined holdings and weights
Review combined holdings and weights
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Daily leverage reset. XQQI and XSPI target a multiple of the index's DAILY move, resetting every session. Over weeks and months the compounding of daily resets (volatility decay) can drag returns far below the stated multiple, especially in choppy markets — and losses are magnified the same way gains are.
Capped upside and premium dependence. XQQI and XSPI generate 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.
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 XQQI and XSPI.
XQQI builds its boosted income strategy around the Nasdaq-100; XSPI uses the S&P 500. Both combine equity exposure with options and additional notional exposure. The index mix matters alongside the distribution rate.
No. The indices can share large companies, so combining the funds can leave substantial holdings overlap. Both also carry leverage and options risk. Compare combined sector weights and drawdowns; a larger distribution does not establish a better total return or protect principal.
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On a $10,000 investment, XQQI would generate roughly $165.67 cash per distribution, while XSPI would produce $141.67 cash per distribution, at current distribution rates. Both pay monthly distributions.
XQQI yield19.88%
XSPI yield17.00%
Cash diff on $10K$24.00
Cost & efficiency
Over 10 years on $10,000, XQQI would cost approximately $980 in fees vs $980 for XSPI (simplified, not compounded). Both charge the same expense ratio.
XQQI ER0.98%
XSPI ER0.98%
Strategy & risk
XQQI builds its boosted income strategy around the Nasdaq-100; XSPI uses the S&P 500. Both combine equity exposure with options and additional notional exposure. The index mix matters alongside the distribution rate. Beta describes historical benchmark sensitivity, not guaranteed downside protection.
XQQI beta1.7948
XSPI beta1.2033
Fund details
XQQI is managed by NEOS (launched 02/03/2026) with $366M in assets. XSPI is managed by NEOS (launched 02/03/2026) with $114M in assets.
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Frequently asked questions
Does holding both XQQI and XSPI remove concentration risk?
No. The indices can share large companies, so combining the funds can leave substantial holdings overlap. Both also carry leverage and options risk. Compare combined sector weights and drawdowns; a larger distribution does not establish a better total return or protect principal.
How should I compare risk and ownership costs?
Use matching dates and definitions for returns, distributions, and fees. Beta describes historical benchmark sensitivity, not guaranteed downside protection. Check current bid-ask spreads and premiums or discounts; AUM alone does not determine the price available for your order.
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