- ISIN
- US78433H5765
- CUSIP
- 78433H576
- Issuer
- Neos
- Inception Date
- Dec 19, 2019
- Category
- Nasdaq-100, Equity Hedged, Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $378M
Highlights
- Avg. Volume (1M)
- 30K
- Avg. Volume Value (1M)
- $1.64M
Share Price Chart
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Performance
QQQH Performance Chart
NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) is up 3.6% since the beginning of the year. QQQH is currently trading at $53 per share. Investors who bought $1,000 worth of QQQH shares 5 years ago would now be looking at an investment worth $1,421.
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Returns By Period
NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) has returned 3.59% so far this year and 10.02% over the past 12 months.
NEOS Nasdaq-100 Hedged Equity Income ETF
- 1D
- 1.91%
- 1M
- -3.71%
- 6M
- 2.10%
- YTD
- 3.59%
- 1Y
- 10.02%
- 3Y*
- 16.69%
- 5Y*
- 7.28%
- 10Y*
- —
- ALL TIME*
- 9.56%
Benchmark (S&P 500 Index)
- 1D
- 1.66%
- 1M
- -0.82%
- 6M
- 6.72%
- YTD
- 8.65%
- 1Y
- 16.89%
- 3Y*
- 17.46%
- 5Y*
- 11.09%
- 10Y*
- 13.10%
- ALL TIME*
- 8.07%
QQQH Monthly Returns History
Based on dividend-adjusted daily data since Dec 20, 2019, QQQH's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +10.4%, while the worst month was Jun 2022 at -13.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QQQH closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +7.8%, while the worst single day was Jun 11, 2020 at -4.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.77% | -1.10% | -3.15% | 6.33% | 4.49% | 0.32% | -3.71% | 3.59% | |||||
| 2025 | 1.81% | -1.66% | -4.35% | 1.37% | 4.93% | 3.24% | 2.02% | 0.98% | 3.20% | 2.80% | -0.96% | 0.28% | 14.17% |
| 2024 | 2.50% | 2.82% | 1.99% | -2.33% | 4.43% | 6.75% | -0.74% | 1.22% | 2.83% | -0.92% | 4.21% | 0.92% | 25.98% |
| 2023 | 2.13% | 1.83% | 4.15% | 0.92% | 4.69% | 5.86% | 1.35% | -1.48% | -4.51% | -1.40% | 10.40% | 4.14% | 30.96% |
| 2022 | -7.42% | -3.89% | 0.77% | -7.35% | -0.05% | -13.88% | 5.42% | 0.80% | -2.84% | -0.69% | 0.49% | -2.76% | -28.35% |
| 2021 | 0.65% | -0.08% | -1.10% | 3.53% | -1.54% | 4.97% | 1.47% | 1.57% | -3.49% | 2.85% | 1.84% | -1.02% | 9.76% |
Benchmark Metrics
NEOS Nasdaq-100 Hedged Equity Income ETF has an annualized alpha of 3.07%, beta of 0.47, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since December 20, 2019.
- This ETF participated in 64.16% of S&P 500 Index downside but only 58.31% of its upside - more exposed to losses than it benefited from rallies.
- This ETF generated an annualized alpha of 3.07% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.47 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.07%
- Beta
- 0.47
- R²
- 0.51
- Upside Capture
- 58.31%
- Downside Capture
- 64.16%
Expense Ratio
QQQH has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QQQH ranks 40 for risk / return — above 40% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QQQH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.86 | -0.42 |
| Martin ratioReturn relative to average drawdown | 5.37 | 7.90 | -2.54 |
Dividends
Dividend History
NEOS Nasdaq-100 Hedged Equity Income ETF provided a 9.21% dividend yield over the last twelve months, with an annual payout of $4.92 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $4.92 | $4.81 | $3.92 | $3.22 | $3.35 | $4.34 | $4.11 | $0.33 |
Dividend yield | 9.21% | 8.86% | 7.53% | 7.18% | 9.05% | 7.77% | 7.48% | 0.65% |
Monthly Dividends
The table displays the monthly dividend distributions for NEOS Nasdaq-100 Hedged Equity Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.41 | $0.40 | $0.39 | $0.41 | $0.42 | $0.42 | $0.40 | $2.85 | |||||
| 2025 | $0.39 | $0.39 | $0.38 | $0.34 | $0.41 | $0.42 | $0.43 | $0.42 | $0.41 | $0.41 | $0.41 | $0.41 | $4.81 |
| 2024 | $0.30 | $0.30 | $0.31 | $0.30 | $0.31 | $0.33 | $0.33 | $0.33 | $0.33 | $0.33 | $0.37 | $0.38 | $3.92 |
| 2023 | $0.25 | $0.25 | $0.25 | $0.25 | $0.27 | $0.28 | $0.28 | $0.27 | $0.27 | $0.26 | $0.28 | $0.29 | $3.22 |
| 2022 | $0.33 | $0.32 | $0.32 | $0.30 | $0.29 | $0.26 | $0.25 | $0.27 | $0.26 | $0.25 | $0.25 | $0.24 | $3.35 |
| 2021 | $0.36 | $0.36 | $0.35 | $0.36 | $0.35 | $0.36 | $0.36 | $0.37 | $0.36 | $0.36 | $0.38 | $0.36 | $4.34 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the NEOS Nasdaq-100 Hedged Equity Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the NEOS Nasdaq-100 Hedged Equity Income ETF was 31.24%, occurring on Jan 5, 2023. Recovery took 344 trading sessions.
The current NEOS Nasdaq-100 Hedged Equity Income ETF drawdown is 4.02%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-31.24%Jan 2023 | 1y 1mo | 1y 4mo | 2y 6moNov 2021 - May 2024 | — |
-15.18%Apr 2025 | 1mo 17d | 2mo 17d | 4mo 4dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-11.18%Sep 2020 | 15d | 4mo 20d | 5mo 5dSep 2020 - Feb 2021 | — |
-10.52%Mar 2020 | 29d | 1mo 10d | 2mo 9dFeb 2020 - Apr 2020 | COVID crash2020 |
-9.28%Aug 2024 | 21d | 1mo 17d | 2mo 8dJul 2024 - Sep 2024 | — |
Drawdown Indicators
| QQQH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.24% | -56.78% | +25.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -9.10% | +2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | -18.90% | +3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -31.24% | -25.43% | -5.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.02% | -2.26% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -10.70% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 2.14% | -0.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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