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QQQAvsNLSIETF Comparison

ETF 1
QQQA

Proshares Nasdaq-100 Dorsey Wright Momentum ETF

This fund is part of
US Multi-Factor
+0.52%
VS
ETF 2
NLSI

NEOS Long/Short Equity Income ETF

This fund is part of
Alternatives
+0.56%

Proshares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) belongs to the US Multi-Factor segment. NEOS Long/Short Equity Income ETF (NLSI) is part of the Alternatives segment. QQQA's top 3 sector exposures are Information Technology, Consumer Discretionary and Communication Services. In contrast, NLSI's top sector exposures are Information Technology, Communication Services and Financials. QQQA is less expensive with a Total Expense Ratio (TER) of 0.58%, versus 2.89% for NLSI. QQQA is up 31.92% year-to-date (YTD) with +$3M in YTD flows. NLSI performs worse with -6.57% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of QQQA and NLSI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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QQQA vs NLSI performance and flow charts

Performance

-100102030%Mar 24Mar 31Apr 8Apr 15Apr 22

Cumulative Flows

-1,000,00001,000,0002,000,0003,000,000Mar 24Mar 31Apr 8Apr 15Apr 22

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 04/24/2026
1M3MYTD1Y3Y5Y
Perf.
QQQA
NLSI
+25.01%+2.45%
+22.87%-4.21%
+31.92%-6.57%
+61.34%n/a
+106.55%n/a
n/an/a
Flows
QQQA
NLSI
+$2M-$457K
+$3M-$2M
+$3M-$3M
+$307K-
-$2M-
--
Volatility and drawdown
3M1Y3Y5Y
Volatility
QQQA
NLSI
+34.68%+21.31%
+23.51%n/a
+25.87%n/a
n/an/a
Max drawdown
QQQA
NLSI
-14.55%-10.15%
-14.55%n/a
-30.84%n/a
n/an/a
Max drawdown duration
QQQA
NLSI
69d88d
69dn/a
325dn/a
n/an/a
Trading data

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QQQA
NLSI
Last sale
4/27/2026 at 2:54 PM
$64.60
Previous close
04/24/2026
$65.97
Consolidated volume
04/24/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 2026
1-year trailing difference

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NLSI
is actively managed and doesn’t replicate an index

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QQQA
NLSI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 4/27/2026 at 2:54 PM
Live
Closed
QQQA
NLSI
Last price
$64.60
1D performance
-2.09%
AuM$16.49 M$1.89 M
E/R0.58%2.89%
Characteristics
QQQA
NLSI
Management strategyPassiveActive
ProviderProSharesNEOS Investment Management
BenchmarkNASDAQ - 100 Dorsey Wright Momentum Index-
N° of holdings2059
Asset classEquities-
Trailing 12m distribution yield
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Inception dateMay 20, 2021December 10, 2025
ESGNoNo
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Exposure

Countries

QQQA
USA
93.49%
Other
6.51%
NLSI
Data will be available soon

Sectors

QQQA
Information Techn.
50.94%
Consumer Discreti.
16.92%
Communication Ser.
12.14%
Health Care
9.74%
Other
10.26%
NLSI
Data will be available soon
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Diversification

QQQA

Total weight of top 15 holdings out of 15

77.41%
NLSI
Data will be available soon

Top 15 holdings

Data as of March 31, 2026
QQQA
WESTERN DIGITAL
6.91%
SEAGATE TECHNOLOGY HOLDINGS PLC
6.35%
APPLIED MATERIAL
5.74%
GILEAD SCIENCES
5.33%
ROSS STORES
5.28%
MICRON TECHNOLOGY
5.18%
KLA CORPORATION
5.15%
USN070592100
5.11%
ADVANCED MICRO DEVICES
5.06%
US5128073062
4.99%
INTEL-T
4.84%
NVIDIA
4.52%
REGENERON PHARMACEUTICALS
4.40%
WARNER BROS. DISCOVERY
4.40%
ALPHABET INC-CL
4.14%
NLSI
Data will be available soon
Frequently asked questions about QQQA and NLSI

How have the QQQA and NLSI ETFs performed in 2026?

As of April 24, 2026, QQQA is up 31.92% year-to-date (YTD), while NLSI has lost -6.57%. That puts QQQA better performer ahead so far this year.

Which ETF is attracting more investor money: QQQA or NLSI?

Year-to-date, the QQQA ETF saw +$3M in flows, compared to -$3M for NLSI.

Which ETF is bigger: QQQA or NLSI?

As of April 24, 2026, QQQA holds $16.49 M in assets under management (AUM), while NLSI manages $1.89 M.

What sectors do the QQQA and NLSI ETFs invest in?

QQQA leans toward sectors like Information Technology, Consumer Discretionary and Communication Services. Meanwhile, NLSI focuses on Information Technology, Communication Services and Financials.

What are the top holdings of the QQQA ETF and NLSI ETF?

QQQA top holdings include WESTERN DIGITAL, SEAGATE TECHNOLOGY HOLDINGS PLC and APPLIED MATERIAL. NLSI holds in its top three: MICRON TECHNOLOGY, OCCIDENTAL U and T-MOBILE US INC.

Which ETF is more diversified: QQQA or NLSI?

QQQA holds 21 securities with 77.41% of its assets in the top 15. NLSI has 60 securities and a top 15 weight of 64.38%.

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