QQQI

NEOS Nasdaq 100 High Income ETF

QQQIssuer: NEOSInception: January 30, 2024

7.1

Overall Score

Strategy & Profile

Same structure as SPYI but on the Nasdaq-100. Sells NDX call spreads with Section 1256 tax treatment. Covers approximately 60% of the portfolio with OTM options, preserving significantly more upside than QYLD.

TTM Yield: ~14%

Strengths

  • ✓Exceptional upside participation for a covered call ETF (8.4/10)
  • ✓Tax-efficient Section 1256 structure
  • ✓Strong total return since inception

Weaknesses

  • ✗Very young fund (January 2024) — no bear market in track record
  • ✗2-star maturity rating
  • ✗Expense ratio 0.68%

Investor Profile

Investor seeking Nasdaq exposure with high income and optimized tax treatment

Verdict

Ranked #1 in our model but interpret with caution — only 2 maturity stars, no 2022-style correction in its history

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Key Metrics

Expense Ratio

0.680%

Inception Date

January 30, 2024

Benchmark

QQQ

Category

Covered Call - Nasdaq

Distribution Frequency

Monthly

Maturity Rating

2/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.