What are expense ratios and why do they matter in ETF comparisons?

An expense ratio represents the annual fee a fund charges to cover operational costs, deducted directly from assets. A lower ratio generally leaves more of the investment return for the investor. When comparing funds like QQQI (0.68%) and QQQM (0.15%), a higher fee reduces potential returns over time.

How do I interpret the 'Index tracked: not available' field?

This field indicates the specific underlying index is not disclosed in the provided data. However, fund names and categories offer clues. QQQM is categorised as Large Growth, implying equity exposure, while QQQI is listed as Derivative Income, suggesting a different investment approach.

What does the dividend yield tell you about a fund?

The dividend yield indicates the annual income generated relative to the price. QQQM's yield is 0.43%, which is very low, typical for growth stocks. In contrast, QQQI's yield is 13.72%, suggesting a strategy focused on generating substantial current cash distribution rather than relying on corporate dividends.

What is the difference between the categories of QQQI and QQQM?

QQQI is categorised as Derivative Income, which means it likely uses financial instruments like options to generate distributions. QQQM is categorised as Large Growth, indicating it focuses on investing directly in large-cap companies with growth characteristics. This suggests fundamentally different investment methodologies.

How does the inception date affect the investment decision?

The inception date reveals the age of the fund. QQQM launched on October 13, 2020, providing several years of verified track records. QQQI, launched on January 30, 2024, is significantly newer and lacks a long-term performance history, making future comparisons more speculative based on historical data.

How important is the net asset size in ETF comparisons?

Net assets indicate a fund's size and popularity. QQQM has $105.7 billion in assets, suggesting high liquidity and market presence. QQQI has $14.8 billion, which is substantial for a new fund but significantly smaller. Larger assets often lead to tighter bid-ask spreads for trading.

Which fund is more suitable for long-term growth versus income?

QQQM, with its 0.15% expense ratio and categorisation in Large Growth, appears structurally designed for long-term capital appreciation. QQQI, featuring a high 13.72% distribution and Derivative Income classification, is likely designed to provide immediate cash flow, though with higher costs and a shorter history.

What are the similarities in the top holdings of both funds?

The top holdings data shows a very high degree of overlap. Both funds list NVDA and AAPL as their largest positions. The top ten stocks—NVDA, AAPL, MSFT, MU, AMZN, AMD, META, GOOGL, GOOG, and TSLA—are identical in composition for both funds, reflecting their shared focus on the NASDAQ 100 constituents.

What sector weights are available for these funds?

According to the provided data, the sector weights for both QQQI and QQQM are currently listed as 'not available'. While they share identical top holdings, it is impossible to determine the exact percentage allocation across sectors such as Technology or Consumer Discretionary from this information.

How do the funds compare regarding exposure to major tech companies?

Both funds provide identical exposure to the major tech leaders of the NASDAQ 100. The holdings data confirms that shares of companies like Nvidia (NVDA), Apple (AAPL), and Microsoft (MSFT) represent the largest components for both QQQI and QQQM, meaning the underlying equity basket is essentially the same.

What does the fee difference mean for investors?

The 0.53 percentage point difference is significant over time. QQQI charges 0.68% versus QQQM's 0.15%. While the yield of QQQI is higher, investors must consider if the distribution strategy fully offsets the higher fees compared to the low-cost growth focus of QQQM.

Disclaimer: What is the educational purpose of this comparison?

This page is designed to help beginners understand the mechanics of ETF comparison. The figures presented are sourced from Yahoo Finance on 2026-09-22 and are for informational purposes only. This is not financial advice, and readers should conduct their own research.

QQQI vs QQQM

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare the NEOS NASDAQ 100 High Income ETF (QQQI) and Invesco NASDAQ 100 ETF (QQQM). This page examines their fees, holdings, dividends and how each tracks its market, providing an overview of key differences for your research. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

QQQI

Metric

QQQM

0.68%

Expense Ratio

0.15%

13.72%

Dividend Yield

0.43%

$14.80B

Net Assets

$105.70B

107

Holdings

106

Jan 30, 2024

Inception Date

Oct 13, 2020

–

Index Tracked

–

Derivative Income

Fund Category

Large Growth

QQQM costs about $53.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	QQQI	QQQM
NVDANVIDIA Corporation	8.43%	8.46%
AAPLApple Inc.	7.77%	7.89%
MSFTMicrosoft Corporation	5.86%	5.89%
MUMicron Technology, Inc.	4.82%	4.85%
AMZNAmazon.com, Inc.	4.29%	4.31%
AMDAdvanced Micro Devices, Inc.	3.90%	3.91%
METAMeta Platforms, Inc.	3.21%	3.22%
GOOGLAlphabet Inc.	3.21%	3.22%
GOOGAlphabet Inc.	2.97%	2.99%
TSLATesla, Inc.	2.91%	2.92%

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Investment Analysis

QQQI

Pros

High current distribution rate of 13.72% provides substantial income for cash-flow-focused investors.
Exposure to the NASDAQ 100 concentration allows participation in major technology growth leaders.
Rapid asset growth to $14.8 billion indicates significant investor adoption and liquidity since inception.

Considerations

Elevated expense ratio of 0.68% significantly exceeds the cost of standard equity trackers.
Recent inception date of January 2024 means the fund lacks a long-term performance track record.
Index methodology is not available, obscuring transparency regarding the options strategy and risk management.

QQQM

Pros

Low expense ratio of 0.15% makes it highly cost-effective for long-term equity exposure.
Substantial net assets of $105.7 billion ensure deep liquidity and tight bid-ask spreads.
Established track record since October 2020 provides verified performance history for the large growth category.

Considerations

Very low dividend yield of 0.43% is unsuitable for income-dependent investors.
Concentration in the top ten holdings introduces significant single-stock risk to the portfolio.
Index methodology details are not available, limiting insight into specific rebalancing or weighting protocols.

About QQQI and QQQM

QQQI (QQQI)

The NEOS NASDAQ 100 High Income ETF (QQQI) is a derivative income fund designed to offer investors exposure to the technology-heavy NASDAQ 100 index while generating substantial current income. Launched in January 2024, this ETF holds a diversified portfolio of 107 assets, primarily focusing on large-cap technology and growth companies. Its distinguishing feature is the systematic writing of covered call options on the underlying index, a strategy intended to harvest premium income that is distributed to shareholders. With a reported dividend yield of approximately 13.72%, it appeals to those seeking regular cash flow alongside potential capital appreciation. However, investors should note that the covered call strategy may limit upside potential during strong market rallies. The fund has an expense ratio of 0.68%, which is moderate for a derivative-based product. As with all investments, capital is at risk, and values can fluctuate due to market conditions.

QQQM (QQQM)

The Invesco NASDAQ 100 ETF (QQQM) aims to track the performance of the Nasdaq 100 Index, offering investors exposure to a concentrated basket of large-cap growth companies. As a cost-effective version of the well-known Nasdaq exposure, it typically features lower fees than its larger sibling, making it an attractive option for buy-and-hold strategies. The fund holds approximately 106 companies, heavily weighted towards the technology sector, but also including consumer services, health care, and industrials. With net assets exceeding $105 billion, it provides deep liquidity. While historically associated with strong growth during bullish market periods, investors should remember that the underlying companies are subject to market volatility. Values can rise and fall, and returns are not guaranteed. It suits those seeking broad exposure to major US tech and growth innovators, rather than personalised financial advice.

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QQQI vs QQQM

Fund Snapshot