FLNG vs. QQQI
Compare and contrast key facts about FLEX LNG Ltd (FLNG) and NEOS Nasdaq 100 High Income ETF (QQQI).
QQQI is an actively managed fund by Neos Investments. It was launched on Jan 30, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLNG or QQQI.
Correlation
The correlation between FLNG and QQQI is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLNG vs. QQQI - Performance Comparison
Key characteristics
FLNG:
25.88%
QQQI:
14.16%
FLNG:
-71.94%
QQQI:
-10.67%
FLNG:
-21.09%
QQQI:
-1.66%
Returns By Period
In the year-to-date period, FLNG achieves a 7.02% return, which is significantly higher than QQQI's 0.63% return.
FLNG
7.02%
9.65%
-5.82%
-12.29%
30.58%
N/A
QQQI
0.63%
-0.53%
6.98%
N/A
N/A
N/A
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Risk-Adjusted Performance
FLNG vs. QQQI — Risk-Adjusted Performance Rank
FLNG
QQQI
FLNG vs. QQQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FLEX LNG Ltd (FLNG) 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.
Not enough dataDividends
FLNG vs. QQQI - Dividend Comparison
FLNG's dividend yield for the trailing twelve months is around 9.16%, less than QQQI's 12.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
FLNG FLEX LNG Ltd | 9.16% | 9.81% | 11.61% | 10.71% | 7.88% | 2.29% | 0.92% |
QQQI NEOS Nasdaq 100 High Income ETF | 12.77% | 12.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLNG vs. QQQI - Drawdown Comparison
The maximum FLNG drawdown since its inception was -71.94%, which is greater than QQQI's maximum drawdown of -10.67%. Use the drawdown chart below to compare losses from any high point for FLNG and QQQI. For additional features, visit the drawdowns tool.
Volatility
FLNG vs. QQQI - Volatility Comparison
FLEX LNG Ltd (FLNG) has a higher volatility of 9.88% compared to NEOS Nasdaq 100 High Income ETF (QQQI) at 3.88%. This indicates that FLNG'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.