FIVY vs. QQQI

Last updated Aug 2, 2026

FIVY (YieldMax Dorsey Wright Hybrid 5 Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - FIVY is a Derivative Income fund tracking the Nasdaq Dorsey Wright Tactical Hybrid Option Income Strategy Index, while QQQI is a Nasdaq-100 fund actively managed by Neos. FIVY is passively managed, while QQQI is actively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. FIVY charges 0.88%/yr vs 0.68%/yr for QQQI.

Performance

FIVY vs. QQQI - Performance Comparison

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

Returns By Period

FIVY

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QQQI

• 1D: 0.68%
• 1M: -3.08%
• 6M: 5.69%
• YTD: 6.90%
• 1Y: 17.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQI NEOS Nasdaq-100 High Income ETF	$341.25M	$334.46M	$358.36M

FIVY vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	-6.12%	-1.07%	-10.55%
QQQI NEOS Nasdaq-100 High Income ETF	6.90%	18.62%	-2.28%

Correlation

The correlation between FIVY and QQQI is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.69

The correlation between FIVY and QQQI has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

FIVY vs. QQQI - Sectors Allocation Comparison

Sectors	FIVY	QQQI
Financial Services	60.9%	0.2%
Technology	20.5%	59.9%
Communication Services	9.9%	12.1%
Healthcare	8.0%	3.7%
Basic Materials	-	1.1%
Consumer Cyclical	-	10.0%
Consumer Defensive	-	6.5%
Energy	-	0.5%
Industrials	-	4.3%
Real Estate	-	0.1%
Utilities	-	1.2%

Return for Risk

FIVY vs. QQQI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIVY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQI

QQQI Risk / Return Rank: 43
QQQI Sharpe Ratio Rank: 40
QQQI Sortino Ratio Rank: 38
QQQI Omega Ratio Rank: 39
QQQI Calmar Ratio Rank: 47
QQQI Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIVY vs. QQQI - Risk-Adjusted Trends Comparison

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

	FIVY	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	—	0.98	—
Sortino ratio: Return per unit of downside risk	—	1.42	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.67	—
Martin ratio: Return relative to average drawdown	—	6.03	—

Drawdowns

Drawdown Indicators

	FIVY	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	—	-20.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.61%	—
Current Drawdown Current decline from peak	—	-5.92%	—
Average Drawdown Average peak-to-trough decline	—	-2.27%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.67%	—

Volatility

Volatility by Period

	FIVY	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.35%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.75%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.75%	—

FIVY vs. QQQI - Expense Ratio Comparison

FIVY has a 0.88% expense ratio, which is higher than QQQI's 0.68% expense ratio.

Dividends

FIVY vs. QQQI - Dividend Comparison

FIVY has not paid dividends to shareholders, while QQQI's dividend yield for the trailing twelve months is around 14.38%.

Position	TTM	2025	2024
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	43.42%	46.51%	0.00%
QQQI NEOS Nasdaq-100 High Income ETF	14.38%	13.82%	12.85%

Frequently Asked Questions

Can I hold both FIVY and QQQI in my portfolio?

FIVY and QQQI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FIVY or QQQI?

On fees, QQQI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FIVY or QQQI?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.88% for FIVY.

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

FIVY has the higher dividend yield at 43.42%, compared with 14.38% for QQQI.

What is the main difference between FIVY and QQQI?

FIVY is categorized as Derivative Income, while QQQI is Nasdaq-100. They also come from different issuers: YieldMax and Neos. Their fees differ too: 0.88% for FIVY and 0.68% for QQQI.