NLSI vs QQQ
NEOS Long/Short Equity Income ETF vs Invesco QQQ Trust, Series 1
Which is better, NLSI or QQQ?
Long-Short Strategy against Large Cap Growth.
QQQ has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NLSI | QQQ |
|---|---|---|
| Expense Ratio | 2.89% | 0.18%Best |
| AUM | $5M | $506.1B |
| Dividend Yield | 4.35% | 0.42% |
| Holdings | 67 | 321 |
| YTD Return | +15.64% | +19.30%Best |
| 1Y Return | - | +22.47% |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Fund Family | NEOS | Invesco (US) |
| Category | Alternative | Equity |
| Style | Long-Short Strategy | Large Cap Growth |
| Inception | Dec 10, 2025 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
NLSI vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
NLSI vs QQQ Performance
NEOS Long/Short Equity Income ETF (NLSI) is an ETF from NEOS and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, NLSI is up 15.64% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
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 4.35% against 0.42% for QQQ.
Holdings Overlap
At least 22.7% of QQQ's money is in holdings NLSI also owns.
Only one direction is shown: for NLSI, our book for it lists positions totalling 130.1% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
QQQ and NLSI share little of their money.
17 positions in common, counted across the 60 positions we hold weights for in NLSI and 101 in QQQ, against full books of 67 and 321.
Top Shared Holdings
| Stock | Weight in NLSI | Weight in QQQ | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 13.14% | 5.02% | 8.12% |
| INTUIntuit, Inc. | 4.43% | 0.32% | 4.11% |
| PYPLPaypal Holdings Inc | 4.03% | 0.19% | 3.84% |
| WDAYWorkday, Inc., Class A | 4.04% | 0.16% | 3.88% |
| APPAppLovin Corp. Com Cl A | 3.79% | 0.37% | 3.42% |
| ABNBAirbnb Inc | 3.59% | 0.28% | 3.31% |
| WDCWestern Digital Corp. | 3.05% | 0.68% | 2.37% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 2.78% | 0.25% | 2.53% |
| AMZNAmazon.Com Inc | -1.80% | 4.07% | 5.87% |
| GOOGLAlphabet Inc | -1.86% | 3.05% | 4.91% |
22.7% of QQQ is already inside NLSI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $271 a year on a $10,000 investment.
What is the holdings overlap between NLSI and QQQ?
At least 22.7% of QQQ's money is in holdings NLSI also owns. Our book for NLSI is partial, so the real figure is this or higher. They hold 17 positions in common, counted across the 60 positions we hold weights for in NLSI and 101 in QQQ.
Which pays a higher dividend, NLSI or QQQ?
NLSI yields 4.35% while QQQ yields 0.42%, so NLSI currently pays the higher dividend yield.
Is QQQ better than NLSI?
QQQ has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.