NLSI vs QQQ
NEOS Long/Short Equity Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | NLSI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 2.89% | 0.18% | |
| AUM | $3M | $496.3B | |
| Dividend Yield | 3.71% | 0.44% | |
| Holdings | 67 | 108 | |
| YTD Return | +12.05% | +16.64% | |
| 1Y Return | - | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | - | 30.6% | |
| Max Drawdown | -15.0% | -83.0% | |
| Fund Family | NEOS | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 10, 2025 | Mar 10, 1999 |
NLSI vs QQQ Performance
NEOS Long/Short Equity Income ETF (NLSI) is a ETF from NEOS and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Year to date, NLSI is up 12.05% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -15.0% for NLSI and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
NLSI charges 2.89% per year while QQQ charges 0.18%. On a $10,000 position that is $289 vs $18 annually, a gap of $271 per year that compounds over a long holding period. On income, NLSI currently yields 3.71% against 0.44% for QQQ.
Holdings Overlap
NLSI and QQQ share 14 holdings out of 148 unique holdings combined, representing a 12.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NLSI or QQQ?
NLSI has an expense ratio of 2.89% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $271 per year of difference.
What is the holdings overlap between NLSI and QQQ?
NLSI and QQQ share 14 common holdings with a 12.5% weight overlap. Combined, they hold 148 unique securities.
Which pays a higher dividend, NLSI or QQQ?
NLSI yields 3.71% while QQQ yields 0.44%, so NLSI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.