NLSI vs QOWZ
NEOS Long/Short Equity Income ETF against Invesco Nasdaq Free Cash Flow Achievers ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
23%
10 shared positions
Fee gap
—
same fee
1-year return gap
—
Larger fund
QOWZ
$10M
Side by side
| NLSI | QOWZ | |
|---|---|---|
| Fund | NEOS Long/Short Equity Income ETF | Invesco Nasdaq Free Cash Flow Achievers ETF |
| Issuer | NEOS | Invesco |
| Category | Long/Short & Market Neutral | Cash Flow & Buybacks |
| Expense ratio | 2.89% | — |
| Assets | $4.6M | $10M |
| Average daily dollar volume | $113K | $17K |
| Listed | Dec 9, 2025 | Dec 6, 2023 |
| FrenzyCap score | 13 | 18 |
| 1-month return | +3.0% | +4.7% |
| 3-month return | +9.6% | +7.8% |
| Year to date | +15.1% | +4.6% |
| 1-year return | — | +2.0% |
| 30-day volatility | 14.5% | 13.4% |
| Worst drawdown, 1 year | −15.0% | −17.9% |
| Trailing 12-month yield | 3.83% | 0.24% |
| Holdings | 68 | 52 |
| Top 10 weight | 56.4% | 42.6% |
| Look-through P/E | 18.4 | 29.6 |
| Holdings vs fair value | +19.4% | +5.5% |
| Holdings above 200-day average | 63% | 65% |
| Net flow, latest 3 reported months | +$2.1M thru Jun 2026 | — |
| 30-day implied volatility | — | — |
| Holdings as of | as of Jun 30, 2026SEC filing | as of Oct 8, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
37% of NLSI · 31% of QOWZ
Sector mix of the stock holdings
| Sector | NLSI | QOWZ | Gap |
|---|---|---|---|
| Technology | 67.1% | 68.6% | −1.5% |
| Industrials | 10.8% | 13.4% | −2.6% |
| Health Care | 15.6% | 7.5% | +8.1% |
| Financials | 15.1% | 0.9% | +14.2% |
| Energy | 14.1% | 0.0% | +14.1% |
| Utilities | 0.0% | 3.7% | −3.7% |
| Consumer Staples | 0.0% | 3.7% | −3.7% |
| Consumer Discretionary | 0.0% | 1.5% | −1.5% |
| Other | 0.0% | 0.8% | −0.8% |
More: full overlap table · NLSI holdings · QOWZ holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.