GIAX vs. QQQI
Compare and contrast key facts about Nicholas Global Equity and Income ETF (GIAX) and NEOS Nasdaq 100 High Income ETF (QQQI).
GIAX and QQQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GIAX is an actively managed fund by Nicholas Wealth Management. It was launched on Jul 29, 2024. QQQI is an actively managed fund by Neos. 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: GIAX or QQQI.
Correlation
The correlation between GIAX and QQQI is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GIAX vs. QQQI - Performance Comparison
Key characteristics
GIAX:
21.88%
QQQI:
21.34%
GIAX:
-20.38%
QQQI:
-20.00%
GIAX:
-9.25%
QQQI:
-9.83%
Returns By Period
The year-to-date returns for both stocks are quite close, with GIAX having a -5.08% return and QQQI slightly lower at -5.24%.
GIAX
-5.08%
-0.66%
-5.47%
N/A
N/A
N/A
QQQI
-5.24%
-2.14%
-1.43%
12.35%
N/A
N/A
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GIAX vs. QQQI - Expense Ratio Comparison
GIAX has a 0.97% expense ratio, which is higher than QQQI's 0.68% expense ratio.
Risk-Adjusted Performance
GIAX vs. QQQI — Risk-Adjusted Performance Rank
GIAX
QQQI
GIAX vs. QQQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Global Equity and Income ETF (GIAX) 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
GIAX vs. QQQI - Dividend Comparison
GIAX's dividend yield for the trailing twelve months is around 18.44%, more than QQQI's 15.42% yield.
| TTM | 2024 | |
|---|---|---|
GIAX Nicholas Global Equity and Income ETF | 18.44% | 10.58% |
QQQI NEOS Nasdaq 100 High Income ETF | 15.42% | 12.85% |
Drawdowns
GIAX vs. QQQI - Drawdown Comparison
The maximum GIAX drawdown since its inception was -20.38%, roughly equal to the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for GIAX and QQQI. For additional features, visit the drawdowns tool.
Volatility
GIAX vs. QQQI - Volatility Comparison
The current volatility for Nicholas Global Equity and Income ETF (GIAX) is 14.12%, while NEOS Nasdaq 100 High Income ETF (QQQI) has a volatility of 15.20%. This indicates that GIAX 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.