QQQHNEOS Nasdaq-100 Hedged Equity Income ETF
Seeks high monthly income in a tax efficient manner with a measure of downside protection.
Neos Funds · Since 2019 (6 years)
0.68%
#3230 out of 5,332 ETFs
$343M
#1720 out of 5,332 ETFs
9.49%
6 years
#2067 out of 5,332 ETFs
Performance
1 Year
+21.2%
3 Years
-4.8%
5 Years
-6.8%
What's inside
Top holdings
Risk profile
9.8%
Moderate
-53.2%
Worst peak-to-trough loss
-0.01
Below average
-0.01
Moderate downside risk
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05