GHY vs. QQQI
GHY (PGIM Global High Yield Fund) and QQQI (NEOS Nasdaq-100 High Income ETF) are both funds - GHY is a High Yield Bonds fund managed by PGIM, while QQQI is a Nasdaq-100 fund actively managed by Neos. Over the past year, GHY returned -2.10% vs 22.96% for QQQI. At a 0.40 correlation, their price movements are largely independent. GHY charges 0.03%/yr vs 0.68%/yr for QQQI.
Performance
GHY vs. QQQI - Performance Comparison
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Returns By Period
In the year-to-date period, GHY achieves a 1.61% return, which is significantly lower than QQQI's 11.53% return.
GHY
- 1D
- 0.76%
- 1M
- 1.74%
- 6M
- -0.88%
- YTD
- 1.61%
- 1Y
- -2.10%
- 3Y*
- 13.18%
- 5Y*
- 5.02%
- 10Y*
- 7.03%
QQQI
- 1D
- 1.03%
- 1M
- 0.87%
- 6M
- 9.92%
- YTD
- 11.53%
- 1Y
- 22.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GHY vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GHY PGIM Global High Yield Fund | 1.61% | 10.46% | 19.52% |
QQQI NEOS Nasdaq-100 High Income ETF | 11.53% | 18.62% | 19.44% |
Correlation
The correlation between GHY and QQQI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.40 |
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Return for Risk
GHY vs. QQQI — Risk / Return Rank
GHY
QQQI
GHY vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM Global High Yield Fund (GHY) 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.
| GHY | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.28 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 2.40 | -2.58 |
| Martin ratioReturn relative to average drawdown | -0.46 | 9.90 | -10.36 |
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Drawdowns
GHY vs. QQQI - Drawdown Comparison
The maximum GHY drawdown since its inception was -41.35%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for GHY and QQQI.
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Drawdown Indicators
| GHY | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.35% | -20.00% | -21.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -9.61% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.35% | — | — |
Current DrawdownCurrent decline from peak | -3.66% | -1.84% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -2.21% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 2.32% | +2.30% |
Volatility
GHY vs. QQQI - Volatility Comparison
The current volatility for PGIM Global High Yield Fund (GHY) is 3.35%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 6.94%. This indicates that GHY experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHY | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 6.94% | -3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 12.78% | -4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 15.44% | -4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.28% | 17.60% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 17.60% | -2.26% |
GHY vs. QQQI - Expense Ratio Comparison
GHY has a 0.03% expense ratio, which is lower than QQQI's 0.68% expense ratio.
Dividends
GHY vs. QQQI - Dividend Comparison
GHY's dividend yield for the trailing twelve months is around 10.59%, less than QQQI's 13.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHY PGIM Global High Yield Fund | 10.59% | 10.21% | 10.23% | 11.09% | 11.62% | 8.35% | 8.67% | 8.04% | 7.72% | 7.77% | 8.53% | 10.07% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.62% | 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
GHY and QQQI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQI has higher volatility (6.94%) compared to GHY (3.35%). In terms of maximum drawdown, GHY dropped -41.35% vs QQQI's -20.00%.
QQQI currently has the higher Sharpe Ratio (1.49 vs -0.19), 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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