ASG vs. QQQI
ASG (Liberty All-Star Growth) is a stock, while QQQI (NEOS Nasdaq-100 High Income ETF) is Nasdaq-100 fund actively managed by Neos. Over the past year, ASG returned 9.56% vs 27.00% for QQQI. A 0.73 correlation means they provide meaningful diversification when combined. ASG charges 1.11%/yr vs 0.68%/yr for QQQI.
Performance
ASG vs. QQQI - Performance Comparison
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Returns By Period
In the year-to-date period, ASG achieves a 4.45% return, which is significantly lower than QQQI's 10.58% return.
ASG
- 1D
- -0.19%
- 1M
- 2.51%
- YTD
- 4.45%
- 6M
- 4.45%
- 1Y
- 9.56%
- 3Y*
- 8.78%
- 5Y*
- -1.22%
- 10Y*
- 11.85%
QQQI
- 1D
- 0.70%
- 1M
- -0.22%
- YTD
- 10.58%
- 6M
- 11.20%
- 1Y
- 27.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASG vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ASG Liberty All-Star Growth | 4.45% | 2.21% | 13.65% |
QQQI NEOS Nasdaq-100 High Income ETF | 10.58% | 18.62% | 19.44% |
Correlation
The correlation between ASG and QQQI is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.73 |
The correlation between ASG and QQQI has been stable across timeframes, ranging from 0.73 to 0.73 - a consistent structural relationship.
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Return for Risk
ASG vs. QQQI — Risk / Return Rank
ASG
QQQI
ASG vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Liberty All-Star Growth (ASG) and NEOS Nasdaq-100 High Income ETF (QQQI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ASG | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.34 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 2.70 | -2.19 |
| Martin ratioReturn relative to average drawdown | 1.92 | 11.63 | -9.70 |
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Drawdowns
ASG vs. QQQI - Drawdown Comparison
The maximum ASG drawdown since its inception was -66.77%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for ASG and QQQI.
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Drawdown Indicators
| ASG | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.77% | -20.00% | -46.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.77% | -9.61% | -6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -25.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.91% | — | — |
Current DrawdownCurrent decline from peak | -18.82% | -2.69% | -16.13% |
Average DrawdownAverage peak-to-trough decline | -17.61% | -2.21% | -15.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 2.23% | +2.01% |
Volatility
ASG vs. QQQI - Volatility Comparison
Liberty All-Star Growth (ASG) and NEOS Nasdaq-100 High Income ETF (QQQI) have volatilities of 5.91% and 6.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASG | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.91% | 6.10% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 11.35% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 14.10% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.85% | 17.34% | +5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.08% | 17.34% | +7.74% |
ASG vs. QQQI - Expense Ratio Comparison
ASG has a 1.11% expense ratio, which is higher than QQQI's 0.68% expense ratio.
Dividends
ASG vs. QQQI - Dividend Comparison
ASG's dividend yield for the trailing twelve months is around 8.87%, less than QQQI's 13.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASG Liberty All-Star Growth | 8.87% | 8.68% | 8.32% | 8.14% | 10.14% | 11.33% | 7.68% | 7.08% | 10.48% | 7.58% | 8.61% | 16.81% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.53% | 13.82% | 12.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASG and QQQI have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQI has higher volatility (6.10%) compared to ASG (5.91%). In terms of maximum drawdown, ASG dropped -66.77% vs QQQI's -20.00%.
QQQI currently has the higher Sharpe Ratio (1.84 vs 0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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