A side-by-side comparison of NEOS Nasdaq 100 High Income ETF (QQQI) and Global X NASDAQ 100 Covered Call ETF (QYLD) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | QQQI | QYLD |
|---|---|---|
| YTD Return | +3.63% | +5.86%✓ |
| 1-Day Change | +0.22%✓ | +0.11% |
| 1-Week Change | +0.20% | +0.22%✓ |
| 1-Month Change | +4.34%✓ | +2.20% |
| Current Price | $55.67 | $18.57 |
| AUM | $14.98B✓ | $8.51B |
| MER (Expense Ratio) | 0.68% | 0.61%✓ |
| Dividend Yield | 0.09% | 6.71%✓ |
| Distribution Frequency | — | NA |
| Inception Date | 2024-01-29 | 2013-12-11 |
| Holdings Count | 49 | 50 |
| MorningStar Rating | — | ★★★★ |
| Category | Derivative Income | Derivative Income |
| Beta | 0.00 | 0.49 |
| 52-Week High | $55.89 | $18.59 |
| 52-Week Low | $44.62 | $14.97 |
| 50-Day MA | $54.47 | $18.16 |
| 200-Day MA | $54.13 | $17.88 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | QQQI | QYLD |
|---|---|---|
| YTD | +3.63% | +5.86%✓ |
| 1 Year | +19.46% | +24.26%✓ |
| 3 Year | — | +17.54% |
| 5 Year | — | +9.04% |
| 10 Year | — | +10.25% |
| 1Y Volatility | 15.62% | 8.59% |
| Sharpe Ratio (3Y) | — | 1.26 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | NVDA | NVIDIA Corporation | 8.63% |
| 2 | AAPL | Apple Inc. | 7.66% |
| 3 | MSFT | Microsoft Corporation | 5.89% |
| 4 | MU | Micron Technology Inc | 5.10% |
| 5 | AMD | Advanced Micro Devices Inc | 4.26% |
| 6 | AMZN | Amazon.com Inc | 4.12% |
| 7 | META | Meta Platforms Inc. | 3.30% |
| 8 | GOOGL | Alphabet Inc Class A | 3.11% |
| 9 | GOOG | Alphabet Inc Class C | 2.88% |
| 10 | TSLA | Tesla Inc | 2.79% |
| 1 | NVDA | NVIDIA Corporation | 8.72% |
| 2 | AAPL | Apple Inc. | 7.81% |
| 3 | MSFT | Microsoft Corporation | 5.98% |
| 4 | MU | Micron Technology Inc | 5.20% |
| 5 | AMD | Advanced Micro Devices Inc | 4.33% |
| 6 | AMZN | Amazon.com Inc | 4.20% |
| 7 | META | Meta Platforms Inc. | 3.36% |
| 8 | GOOGL | Alphabet Inc Class A | 3.19% |
| 9 | TSLA | Tesla Inc | 2.97% |
| 10 | GOOG | Alphabet Inc Class C | 2.95% |
Sector Weights
| Sector | QQQI | QYLD |
|---|---|---|
| Basic Materials | 0.92% | 0.90% |
| Communication Services | 12.75% | 12.84% |
| Consumer Cyclicals | 10.27% | 10.22% |
| Consumer Defensive | 5.81% | 5.63% |
| Energy | 0.46% | 0.46% |
| Financial Services | 0.20% | 0.19% |
| Healthcare | 3.84% | 3.76% |
| Industrials | 3.85% | 5.10% |
| Real Estate | 0.00% | 0.00% |
| Technology | 60.84% | 59.88% |
| Utilities | 1.05% | 1.01% |
About QQQI
The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in a portfolio of stocks that make up the Nasdaq-100® Index and a call options strategy, that consists of written (sold) call options on the Nasdaq-100® Index. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in securities, or derivative instruments linked to securities, of companies that are included …
About QYLD
The fund will invest at least 80% of its total assets in the securities of the underlying index. The CBOE NASDAQ-100® BuyWrite Index is a benchmark index that measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the NASDAQ-100® Index, and writes (or sells) a succession of one-month at-the-money NASDAQ-100® Index covered call options. It is non-diversified.
Which ETF is Right for You?
Both QQQI and QYLD are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, QYLD scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between QQQI and QYLD?
QQQI (NEOS Nasdaq 100 High Income ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both Canadian-listed ETFs. Key differences include their AUM ($14.98B vs $8.51B), dividend yield (0.09% vs 6.71%), and year-to-date performance (+3.63% vs +5.86%).
Is QQQI better than QYLD?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy QQQI and QYLD on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both QQQI and QYLD should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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