QQQI/ NEOS Nasdaq 100 High Income
Comprehensive risk audit, payout history, and forward-looking dividend projections.
What This Page Shows
- Dividend yield and net yield after fees (14.91% vs 14.23%)
- Risk tier classification: Tier 4 Volatility Harvest
- TTM NAV change: -7.5%
- Income sustainability flags and payout history trends
DivAgent Audit Brief
QQQI is a Tier 4 Volatility Harvest asset yielding 14.91%. It generates income through options on a volatile underlying asset. NAV fluctuations primarily reflect asset price movements, not structural erosion. Note: Price has changed -7.5% over the TTM, tracking underlying asset performance.
Provider
NEOS
Sector
Tech
Asset Class
Derivative Income
Expense Ratio
0.68%
AUM
$11.00B
Inception
—
Distribution
monthly
NAV Change (1Y)
-7.5%
Underlying Asset Volatility
This fund's NAV reflects the price movement of its underlying volatile assets (e.g., Bitcoin). The 7.5% NAV change is driven by asset price fluctuations, not structural erosion. Distributions are generated from options premiums, not principal liquidation.
Who Should Buy QQQI?
QQQI is best suited for Income Maximizers. The fund generates a 14.91% yield through selling options against its holdings.
Aggressive income seekers who prioritize high current cash flow over capital appreciation.
You are building a 'forever portfolio' and cannot tolerate NAV (share price) decline.
Quick Audit
- TypeDerivative Income
- ComplexityHigh
- Tax EfficiencyLow (Ordinary Income)
- VolatilityModerate (Lower Beta)
How QQQI fits in a portfolio
Volatility-harvest funds convert option premium into monthly distributions — at a price.
Tier 4 covers covered-call and option-income strategies (JEPI, JEPQ, SPYI, QQQI, GPIX). Distributions are durable but NAV is capped on the upside and exposed on the downside. The trade is income smoothness for limited capital appreciation.
Suggested allocation
2% – 10%
of an income-focused portfolio
Estimated 12-mo net: -$2,382 to $4,174 (P10–P90 range)
How is this projected?
Income series uses your forecasted distribution rate. NAV drift band is the P10/P50/P90 of historical monthly returns by risk tier. For Tier 5 holdings, the P10 path can show meaningful NAV erosion — this is the educational point, not a bug.
Comparing stated yield to actual total return performance
Underlying Asset Note: This fund's NAV reflects the price movement of its underlying volatile assets (e.g., Bitcoin). The 7.5% NAV change is driven by asset price fluctuations, not structural erosion. Distributions are generated from options premiums, not principal liquidation.
Return of Capital Note: NEOS funds classify ~95% of distributions as Return of Capital (ROC) for tax purposes. This reflects their tax-loss harvesting strategy, NOT principal liquidation. ROC reduces your cost basis and defers taxes.
Institutional Data Locked
Advanced liquidity metrics for Tier 4 assets are available to Premium members.
Unlock MetricsDivAgent Analyst Verdict
“QQQI is currently serving as a high-yield accelerator. Investors should be aware that qqqi is a neos-managed nasdaq-100 covered call etf that uses s&p 500 index options classified as section 1256 contracts rather than directly writing equity options, enabling 60/40 long-term/short-term capital gains tax treatment on option income. unlike qyld, qqqi uses selective rather than 100% option writing to retain partial upside participation while generating high monthly income. the fund targets the nasdaq-100 for its high implied volatility premium, which inflates option income.”
Risk Profile Audit
Classified as high risk due to volatile underlying asset exposure. Price fluctuations primarily track the underlying asset (e.g., Bitcoin), not structural fund issues. Suitable for investors comfortable with asset volatility who want income generation.
Price Chart
Live DataCalculate Your Returns
Estimate income for QQQI
~19.60 shares at $51.02
Estimates use the latest forecasted distribution and are not guarantees.
Track QQQI in DivAgentVerified Payout History
Last 1 of 20 Payments| Ex-Dividend Date | Amount | Frequency | Status |
|---|---|---|---|
| Oct 21, 2026 | $0.6340 | Monthly | PAID |
+19 more dividends hidden | |||
19 more dividends available
Upgrade to Premium to see up to 10 historical dividends, or Pro for unlimited access.
Compare QQQI Alternatives
See All ComparisonsQQQI FAQ
Common questions about QQQI dividends, safety, and performance
Institutional Analysis Context
This FAQ section provides institutional-grade analysis of QQQI. DivAgent evaluates dividend ETFs using a proprietary 5-Tier Risk Spectrum that measures income sustainability, NAV erosion risk, and distribution source quality. Data is updated daily from market sources.
DivAgent Data Methodology
Risk Tier Classification
Our 5-Tier Risk Spectrum is not an editorial opinion. It is a quantitative scoring model derived from 36-month volatility, max drawdown depth, and option skew (for derivative funds). A "Tier 1" rating implies volatility comparable to short-term treasuries, while "Tier 5" indicates localized volatility exceeding the S&P 500.
NAV Erosion Calculation
We calculate "Erosion" by stripping out distribution payments to isolate the price performance of the underlying collateral. If a fund's share price drops by more than its distribution yield over a rolling 12-month period, it is flagged as eroding capital. This protects investors from "Yield Traps" that return their own principal as taxable income.
Yield vs. Income
DivAgent distinguishes between "SEC Yield" (standardized) and "Distribution Rate" (cash-on-cash). For option-income ETFs (e.g., Covered Calls), we prioritize the Trailing 12-Month (TTM) distribution rate as a more accurate reflection of realized income, while flagging that future payouts fluctuate with implied volatility.
Performance Benchmarking
All "Total Return" metrics differ from price return. We assume immediate reinvestment of all dividends (DRIP) on the pay date, with no tax friction. This "Net Total Return" metric allows for a true apples-to-apples comparison between high-yield/flat-price funds and low-yield/high-growth funds.
Data as of Nov 10, 2026, 3:00 AM · Dividend history updated Nov 10, 2026 · Sources: Yahoo Finance, FMP, issuer filings.
Forward yields are projections based on the most recent declared distribution annualized; distributions may include return of capital. Past performance of QQQI does not guarantee future results.