CMI vs. QQQI
CMI (Cummins Inc.) is a stock, while QQQI (NEOS Nasdaq-100 High Income ETF) is Nasdaq-100 fund actively managed by Neos. Over the past year, CMI returned 113.66% vs 30.41% for QQQI. At a 0.46 correlation, their price movements are largely independent.
Performance
CMI vs. QQQI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMI achieves a 34.54% return, which is significantly higher than QQQI's 13.43% return.
CMI
- 1D
- 1.44%
- 1M
- 4.22%
- YTD
- 34.54%
- 6M
- 35.24%
- 1Y
- 113.66%
- 3Y*
- 49.49%
- 5Y*
- 23.76%
- 10Y*
- 22.76%
QQQI
- 1D
- -0.17%
- 1M
- 6.91%
- YTD
- 13.43%
- 6M
- 12.92%
- 1Y
- 30.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMI vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CMI Cummins Inc. | 34.54% | 49.36% | 46.94% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.43% | 18.62% | 19.83% |
Correlation
The correlation between CMI and QQQI is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024 | 0.46 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CMI vs. QQQI — Risk / Return Rank
CMI
QQQI
CMI vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cummins Inc. (CMI) 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.
| CMI | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.43 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 7.51 | 3.18 | +4.33 |
| Martin ratioReturn relative to average drawdown | 27.80 | 14.27 | +13.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CMI | QQQI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.51 | 2.35 | +1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 1.34 | -0.95 |
Drawdowns
CMI vs. QQQI - Drawdown Comparison
The maximum CMI drawdown since its inception was -75.66%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for CMI and QQQI.
Loading charts...
Drawdown Indicators
| CMI | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.66% | -20.00% | -55.66% |
Max Drawdown (1Y)Largest decline over 1 year | -15.23% | -9.61% | -5.62% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.05% | — | — |
Current DrawdownCurrent decline from peak | -4.46% | -0.17% | -4.29% |
Average DrawdownAverage peak-to-trough decline | -22.23% | -2.20% | -20.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 2.14% | +1.96% |
Volatility
CMI vs. QQQI - Volatility Comparison
Cummins Inc. (CMI) has a higher volatility of 13.65% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 2.68%. This indicates that CMI's price experiences larger fluctuations and is considered to be riskier than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMI | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.65% | 2.68% | +10.97% |
Volatility (6M)Calculated over the trailing 6-month period | 27.38% | 9.85% | +17.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.60% | 12.98% | +19.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.97% | 17.07% | +10.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.22% | 17.07% | +11.15% |
Dividends
CMI vs. QQQI - Dividend Comparison
CMI's dividend yield for the trailing twelve months is around 1.17%, less than QQQI's 13.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 1.17% | 1.50% | 2.01% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.19% | 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
CMI and QQQI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMI has higher volatility (13.65%) compared to QQQI (2.68%). In terms of maximum drawdown, CMI dropped -75.66% vs QQQI's -20.00%.
CMI currently has the higher Sharpe Ratio (3.51 vs 2.35), 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.
Find the right allocation for CMI and QQQI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer