HDV vs. QQQI

Last updated Jun 16, 2026

HDV (iShares Core High Dividend ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while QQQI is a Nasdaq-100 fund actively managed by Neos. HDV is passively managed, while QQQI is actively managed. Over the past year, HDV returned 20.60% vs 30.39% for QQQI. At a 0.09 correlation, their price movements are largely independent. HDV charges 0.08%/yr vs 0.68%/yr for QQQI.

Performance

HDV vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core High Dividend ETF (HDV) and NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HDV having a 14.11% return and QQQI slightly lower at 13.53%.

HDV

• 1D: -1.03%
• 1M: 1.04%
• YTD: 14.11%
• 6M: 13.57%
• 1Y: 20.60%
• 3Y*: 14.34%
• 5Y*: 10.83%
• 10Y*: 9.36%

QQQI

• 1D: 2.67%
• 1M: 3.39%
• YTD: 13.53%
• 6M: 14.57%
• 1Y: 30.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HDV vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HDV iShares Core High Dividend ETF	14.11%	11.90%	11.67%
QQQI NEOS Nasdaq-100 High Income ETF	13.53%	18.62%	19.44%

Correlation

The correlation between HDV and QQQI is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024	0.09

The correlation between HDV and QQQI shifts across timeframes, from -0.05 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

HDV vs. QQQI - Sectors Allocation Comparison

Sectors	HDV	QQQI
Consumer Defensive	24.2%	6.5%
Energy	21.0%	0.5%
Healthcare	17.0%	3.9%
Financial Services	10.8%	0.2%
Technology	9.7%	58.1%
Utilities	8.9%	1.3%
Consumer Cyclical	6.0%	11.3%
Industrials	1.3%	3.0%
Basic Materials	1.1%	1.0%
Communication Services	0.1%	14.2%
Real Estate	-	0.1%

Return for Risk

HDV vs. QQQI — Risk / Return Rank

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

HDV

HDV Risk / Return Rank: 74
HDV Sharpe Ratio Rank: 74
HDV Sortino Ratio Rank: 79
HDV Omega Ratio Rank: 68
HDV Calmar Ratio Rank: 83
HDV Martin Ratio Rank: 67

QQQI

QQQI Risk / Return Rank: 74
QQQI Sharpe Ratio Rank: 75
QQQI Sortino Ratio Rank: 69
QQQI Omega Ratio Rank: 76
QQQI Calmar Ratio Rank: 70
QQQI Martin Ratio Rank: 79

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.

HDV vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) 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.

	HDV	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.14	-0.02
Sortino ratio: Return per unit of downside risk	3.12	2.81	+0.32
Omega ratio: Gain probability vs. loss probability	1.36	1.40	-0.04
Calmar ratio: Return relative to maximum drawdown	4.00	3.18	+0.82
Martin ratio: Return relative to average drawdown	11.07	13.66	-2.59

HDV vs. QQQI - Sharpe Ratio Comparison

The current HDV Sharpe Ratio is 2.12, which is comparable to the QQQI Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of HDV 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.

Drawdowns

HDV vs. QQQI - Drawdown Comparison

The maximum HDV drawdown since its inception was -37.04%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for HDV and QQQI.

Drawdown Indicators

	HDV	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-20.00%	-17.04%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-9.61%	+4.43%
Max Drawdown (3Y) Largest decline over 3 years	-10.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	—	—
Current Drawdown Current decline from peak	-1.31%	-0.09%	-1.22%
Average Drawdown Average peak-to-trough decline	-3.08%	-2.21%	-0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.23%	-0.36%

Volatility

HDV vs. QQQI - Volatility Comparison

The current volatility for iShares Core High Dividend ETF (HDV) is 3.28%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 6.63%. This indicates that HDV 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.

Volatility by Period

	HDV	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	6.63%	-3.35%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	11.63%	-4.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	14.33%	-4.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.84%	17.41%	-4.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.74%	17.41%	-1.67%

HDV vs. QQQI - Expense Ratio Comparison

HDV has a 0.08% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

HDV vs. QQQI - Dividend Comparison

HDV's dividend yield for the trailing twelve months is around 3.56%, less than QQQI's 13.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDV iShares Core High Dividend ETF	3.56%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%
QQQI NEOS Nasdaq-100 High Income ETF	13.18%	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

Can I hold both HDV and QQQI in my portfolio?

HDV and QQQI have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDV or QQQI?

QQQI has higher volatility (6.63%) compared to HDV (3.28%). In terms of maximum drawdown, HDV dropped -37.04% vs QQQI's -20.00%.

Which ETF is better, HDV or QQQI?

On 1-year performance, QQQI leads with 30.39% vs 20.60% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HDV or QQQI?

Over the 1-year period, QQQI has performed better with a 30.39% return vs 20.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HDV or QQQI?

HDV is cheaper with a 0.08% expense ratio, compared with 0.68% for QQQI.

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

QQQI has the higher dividend yield at 13.18%, compared with 3.56% for HDV.

What is the main difference between HDV and QQQI?

HDV is categorized as Dividend, while QQQI is Nasdaq-100. They also come from different issuers: iShares and Neos. Their fees differ too: 0.08% for HDV and 0.68% for QQQI.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.14 vs 2.12), 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.