The YieldMax TSLA Option Income Strategy ETF (TSLY) has a distribution rate of 50.21%, making it an income powerhouse. Despite Tesla not paying dividends, this ETF offers weekly “paychecks” to investors, a rarity in the world of dividend payments. However, recent dips in Tesla’s stock have affected the performance of the YieldMax ETF.

The NEOS Nasdaq-100 High Income ETF (QQQI) provides a monthly dividend with a distribution rate of 14.01%. While it may not offer as high a yield as the Tesla fund, it has shown favorable traits, including lower drawdowns compared to the Nasdaq-100 Index and the Tesla fund.

The NEOS ETF has outperformed its primary rivals since its debut, offering a higher yield and lower drawdowns. Investors seeking growth stock income may find the NEOS Nasdaq-100 High Income ETF to be a promising option. With the ability to buy Nasdaq-100 options, this ETF has generated significant returns since its inception.

The Motley Fool Stock Advisor analyst team has identified the top 10 stocks for investors to buy now, and the Neos Nasdaq-100 High Income ETF was not among them. Stock Advisor’s total average return of 969% outperforms the S&P 500 significantly. Investors can access the latest top 10 list and join a community of individual investors through Stock Advisor.

Read more at Yahoo Finance: YieldMax TSLA ETF Is Interesting, But Here’s What I’d Buy Instead