FEAT vs. QQQI

Last updated Jun 4, 2026

FEAT (YieldMax Dorsey Wright Featured 5 Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - FEAT is a Derivative Income fund tracking the Nasdaq Dorsey Wright Tactical Option Income Strategy Index, while QQQI is a Nasdaq-100 fund actively managed by Neos. FEAT is passively managed, while QQQI is actively managed. Over the past year, FEAT returned -8.68% vs 30.41% for QQQI. A 0.74 correlation means they provide meaningful diversification when combined. FEAT charges 1.28%/yr vs 0.68%/yr for QQQI.

Performance

FEAT vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) and NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEAT achieves a -6.90% return, which is significantly lower than QQQI's 13.43% return.

FEAT

• 1D: -1.95%
• 1M: -1.13%
• YTD: -6.90%
• 6M: -9.68%
• 1Y: -8.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQI

• 1D: -0.17%
• 1M: 6.91%
• YTD: 13.43%
• 6M: 12.92%
• 1Y: 30.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEAT vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	-6.90%	-4.21%	-9.09%
QQQI NEOS Nasdaq-100 High Income ETF	13.43%	18.62%	-2.03%

Correlation

The correlation between FEAT and QQQI is 0.68, 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	0.68
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.74

The correlation between FEAT and QQQI has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

Return for Risk

FEAT vs. QQQI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEAT

FEAT Risk / Return Rank: 6
FEAT Sharpe Ratio Rank: 6
FEAT Sortino Ratio Rank: 6
FEAT Omega Ratio Rank: 6
FEAT Calmar Ratio Rank: 6
FEAT Martin Ratio Rank: 6

QQQI

QQQI Risk / Return Rank: 68
QQQI Sharpe Ratio Rank: 70
QQQI Sortino Ratio Rank: 66
QQQI Omega Ratio Rank: 70
QQQI Calmar Ratio Rank: 63
QQQI Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEAT vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) 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.

	FEAT	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	-0.31	2.35	-2.67
Sortino ratio: Return per unit of downside risk	-0.24	3.12	-3.36
Omega ratio: Gain probability vs. loss probability	0.97	1.43	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.28	3.18	-3.45
Martin ratio: Return relative to average drawdown	-0.56	14.27	-14.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEAT vs. QQQI - Sharpe Ratio Comparison

The current FEAT Sharpe Ratio is -0.31, which is lower than the QQQI Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of FEAT and QQQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEAT	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	2.35	-2.67
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	1.34	-1.78

Drawdowns

FEAT vs. QQQI - Drawdown Comparison

The maximum FEAT drawdown since its inception was -31.68%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for FEAT and QQQI.

Drawdown Indicators

	FEAT	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-31.68%	-20.00%	-11.68%
Max Drawdown (1Y) Largest decline over 1 year	-31.68%	-9.61%	-22.07%
Current Drawdown Current decline from peak	-20.14%	-0.17%	-19.97%
Average Drawdown Average peak-to-trough decline	-13.20%	-2.20%	-11.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.65%	2.14%	+13.51%

Volatility

FEAT vs. QQQI - Volatility Comparison

YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) has a higher volatility of 6.90% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 2.68%. This indicates that FEAT'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.

Volatility by Period

	FEAT	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.90%	2.68%	+4.22%
Volatility (6M) Calculated over the trailing 6-month period	19.55%	9.85%	+9.70%
Volatility (1Y) Calculated over the trailing 1-year period	27.94%	12.98%	+14.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.33%	17.07%	+13.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.33%	17.07%	+13.26%

FEAT vs. QQQI - Expense Ratio Comparison

FEAT has a 1.28% expense ratio, which is higher than QQQI's 0.68% expense ratio.

Dividends

FEAT vs. QQQI - Dividend Comparison

FEAT's dividend yield for the trailing twelve months is around 89.83%, more than QQQI's 13.19% yield.

Position	TTM	2025	2024
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	89.83%	76.35%	0.00%
QQQI NEOS Nasdaq-100 High Income ETF	13.19%	13.82%	12.85%

Frequently Asked Questions

Can I hold both FEAT and QQQI in my portfolio?

FEAT and QQQI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEAT or QQQI?

FEAT has higher volatility (6.90%) compared to QQQI (2.68%). In terms of maximum drawdown, FEAT dropped -31.68% vs QQQI's -20.00%.

Which ETF is better, FEAT or QQQI?

On 1-year performance, QQQI leads with 30.41% vs -8.68% for FEAT. On fees, QQQI is cheaper at 0.68% per year. On volatility, QQQI has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEAT or QQQI?

Over the 1-year period, QQQI has performed better with a 30.41% return vs -8.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEAT or QQQI?

QQQI is cheaper with a 0.68% expense ratio, compared with 1.28% for FEAT.

Which ETF pays a higher dividend yield, FEAT or QQQI?

FEAT has the higher dividend yield at 89.83%, compared with 13.19% for QQQI.

What is the main difference between FEAT and QQQI?

FEAT is categorized as Derivative Income, while QQQI is Nasdaq-100. They also come from different issuers: YieldMax and Neos. Their fees differ too: 1.28% for FEAT and 0.68% for QQQI.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.35 vs -0.31), 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.