IQQQ vs. QQQI
Compare and contrast key facts about ProShares Nasdaq-100 High Income ETF (IQQQ) and NEOS Nasdaq 100 High Income ETF (QQQI).
IQQQ and QQQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQQQ is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Daily Covered Call Index. It was launched on Mar 18, 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: IQQQ or QQQI.
Correlation
The correlation between IQQQ and QQQI is 0.94, 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
IQQQ vs. QQQI - Performance Comparison
Key characteristics
IQQQ:
0.32
QQQI:
0.60
IQQQ:
0.54
QQQI:
0.98
IQQQ:
1.08
QQQI:
1.15
IQQQ:
0.34
QQQI:
0.64
IQQQ:
1.07
QQQI:
2.50
IQQQ:
6.47%
QQQI:
5.08%
IQQQ:
21.76%
QQQI:
21.32%
IQQQ:
-20.41%
QQQI:
-20.00%
IQQQ:
-15.11%
QQQI:
-10.71%
Returns By Period
In the year-to-date period, IQQQ achieves a -10.88% return, which is significantly lower than QQQI's -6.16% return.
IQQQ
-10.88%
-8.31%
-8.01%
4.82%
N/A
N/A
QQQI
-6.16%
-4.75%
-1.99%
10.62%
N/A
N/A
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IQQQ vs. QQQI - Expense Ratio Comparison
IQQQ has a 0.55% expense ratio, which is lower than QQQI's 0.68% expense ratio.
Risk-Adjusted Performance
IQQQ vs. QQQI — Risk-Adjusted Performance Rank
IQQQ
QQQI
IQQQ vs. QQQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) 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.
Dividends
IQQQ vs. QQQI - Dividend Comparison
IQQQ's dividend yield for the trailing twelve months is around 12.96%, less than QQQI's 15.57% yield.
| TTM | 2024 | |
|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 12.96% | 7.27% |
QQQI NEOS Nasdaq 100 High Income ETF | 15.57% | 12.85% |
Drawdowns
IQQQ vs. QQQI - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -20.41%, roughly equal to the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for IQQQ and QQQI. For additional features, visit the drawdowns tool.
Volatility
IQQQ vs. QQQI - Volatility Comparison
The current volatility for ProShares Nasdaq-100 High Income ETF (IQQQ) is 12.94%, while NEOS Nasdaq 100 High Income ETF (QQQI) has a volatility of 15.24%. This indicates that IQQQ 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.