QQA vs SPYI: Yield, Cost and Returns Compared
As of Nov 8, 2026, SPYI yields more: 12.33% (dividend yield) against 10.98% for QQA. QQA is cheaper to own at 0.29% a year vs 0.68%. Over the same 2 years (Jul 2024 to Oct 2026), QQA returned 16.4% a year with distributions reinvested, and SPYI 15.0%.
QQAInvesco QQQ Income Advantage ETF10.98%dividend yield
SPYINeos S&P 500(R) High Income ETF12.33%dividend yield| Compared | QQA | SPYI |
|---|---|---|
| YieldDividend yield | 10.98% | 12.33% |
| Expense ratio | 0.29% | 0.68% |
| Total return, 1 yr | +9.6% | +11.9% |
| Total return, 3 yr (a year) | — | +18.0% |
| Worst drop since Jul 2024 | -8.0% | -5.5% |
| Share price since Jul 2024 | +12% | +4% |
| Pays | Monthly | Monthly |
| Issuer | Invesco | Neos |
| Assets | $894.0M | $12.5B |
| Started | 2024 | 2022 |
| Type | Derivative Income | Derivative Income |
Higher yield
SPYI
12.33%
Lower cost
QQA
0.29%
Better total return
QQA
16.4%/yr
Smaller worst drop
SPYI
-5.5%
Key facts: QQA vs SPYI
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, QQA yields 10.98% (dividend yield) and SPYI yields 12.33% (dividend yield).
- QQA's expense ratio is 0.29% and SPYI's is 0.68%: $29 vs $68 a year on $10,000.
- From Jul 2024 to Oct 2026, $10,000 in QQA grew to $14,085 (16.4% a year) and $10,000 in SPYI to $13,704 (15.0% a year), distributions reinvested.
- Their worst month-end drops over that time: -8.0% for QQA and -5.5% for SPYI.
- 6 of QQA's top ten holdings are also in SPYI's top ten, an overlap of at least 24% of the fund.
Cite this page
SmarterDividends, "QQA vs SPYI: Yield, Cost and Returns Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/qqa-vs-spyi
$10,000 in each, Jul 2024 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
QQA became
$14,085
16.4% a year
SPYI became
$13,704
15.0% a year
Top holdings
6 of the top ten overlap, at least 24% of each fund.
QQA
- IUGXX Invesco Premier US Government Money Inst20.5%
- AAPL Apple Inc6.2%
- NVDA NVIDIA Corp6.1%
- MSFT Microsoft Corp4.8%
- MU Micron Technology Inc3.4%
- AMZN Amazon.com Inc3.2%
- AMD Advanced Micro Devices Inc2.8%
- TSLA Tesla Inc2.6%
- META Meta Platforms Inc Class A2.2%
- WMT Walmart Inc2.0%
SPYI
- AAPL Apple Inc7.7%
- NVDA NVIDIA Corp7.6%
- MSFT Microsoft Corp5.9%
- AMZN Amazon.com Inc3.6%
- GOOGL Alphabet Inc Class A2.5%
- AVGO Broadcom Inc2.4%
- META Meta Platforms Inc Class A2.0%
- GOOG Alphabet Inc Class C2.0%
- LLY Eli Lilly and Co1.7%
- TSLA Tesla Inc1.7%
QQA vs SPYI: questions
Is QQA or SPYI better?
It depends on the job. SPYI pays more today (12.33% vs 10.98%), QQA costs less, and QQA has the better total return over Jul 2024 to Oct 2026, with SPYI holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, QQA or SPYI?
SPYI, at 12.33% against 10.98% for QQA as of Nov 8, 2026. On $10,000 that's about $1,233 vs $1,098 a year at today's rates.
Which has the better total return?
QQA. From Jul 2024 to Oct 2026, it returned 16.4% a year with distributions reinvested, against 15.0% for SPYI. $10,000 became $14,085 vs $13,704.
Which is cheaper, QQA or SPYI?
QQA, with a 0.29% expense ratio against 0.68%.
Do QQA and SPYI hold the same things?
Partly. 6 of their top ten holdings match (AAPL, NVDA, MSFT, AMZN), at least 24% of each fund. Owning both doubles up on those.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. SPYI leads on 3 of 5 measures above. For information only, not investment advice. Last fund data: Nov 8, 2026.