ISD vs. QQQI

Last updated Aug 1, 2026

ISD (PGIM High Yield Bond Fund) and QQQI (NEOS Nasdaq-100 High Income ETF) are both funds - ISD is a High Yield Bonds fund managed by PGIM, while QQQI is a Nasdaq-100 fund actively managed by Neos. Over the past year, ISD returned -4.69% vs 17.94% for QQQI. Their 0.41 correlation means their historical movements had little consistent relationship. ISD charges 0.02%/yr vs 0.68%/yr for QQQI.

Performance

ISD vs. QQQI - Performance Comparison

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

Returns By Period

In the year-to-date period, ISD achieves a -9.89% return, which is significantly lower than QQQI's 6.90% return.

ISD

• 1D: -0.08%
• 1M: -3.37%
• 6M: -10.69%
• YTD: -9.89%
• 1Y: -4.69%
• 3Y*: 10.30%
• 5Y*: 4.23%
• 10Y*: 6.60%
• ALL TIME*: 5.58%

QQQI

• 1D: 0.68%
• 1M: -3.08%
• 6M: 5.69%
• YTD: 6.90%
• 1Y: 17.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ISD PGIM High Yield Bond Fund	$1.80M	$1.56M	$1.41M
QQQI NEOS Nasdaq-100 High Income ETF	$341.25M	$334.46M	$358.36M

ISD vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ISD PGIM High Yield Bond Fund	-9.89%	15.63%	17.75%
QQQI NEOS Nasdaq-100 High Income ETF	6.90%	18.62%	19.44%

Correlation

The correlation between ISD and QQQI is 0.50, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024	0.41

Return for Risk

ISD vs. QQQI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ISD

ISD Risk / Return Rank: 1
ISD Sharpe Ratio Rank: 1
ISD Sortino Ratio Rank: 1
ISD Omega Ratio Rank: 1
ISD Calmar Ratio Rank: 2
ISD Martin Ratio Rank: 1

QQQI

QQQI Risk / Return Rank: 43
QQQI Sharpe Ratio Rank: 40
QQQI Sortino Ratio Rank: 38
QQQI Omega Ratio Rank: 39
QQQI Calmar Ratio Rank: 47
QQQI Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ISD vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM High Yield Bond Fund (ISD) 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.

	ISD	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	0.98	-1.43
Sortino ratio: Return per unit of downside risk	-0.53	1.42	-1.94
Omega ratio: Gain probability vs. loss probability	0.93	1.18	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.37	1.67	-2.05
Martin ratio: Return relative to average drawdown	-0.84	6.03	-6.87

ISD vs. QQQI - Sharpe Ratio Comparison

The current ISD Sharpe Ratio is -0.44, which is lower than the QQQI Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of ISD 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

ISD vs. QQQI - Drawdown Comparison

The maximum ISD drawdown since its inception was -38.88%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for ISD and QQQI.

Drawdown Indicators

	ISD	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-38.88%	-20.00%	-18.88%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-9.61%	-3.91%
Max Drawdown (3Y) Largest decline over 3 years	-13.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.88%	—	—
Current Drawdown Current decline from peak	-11.81%	-5.92%	-5.89%
Average Drawdown Average peak-to-trough decline	-5.65%	-2.27%	-3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	2.67%	+3.29%

Volatility

ISD vs. QQQI - Volatility Comparison

The current volatility for PGIM High Yield Bond Fund (ISD) is 3.08%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 6.53%. This indicates that ISD 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

	ISD	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	6.53%	-3.45%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	13.66%	-3.72%
Volatility (1Y) Calculated over the trailing 1-year period	11.41%	16.35%	-4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.36%	17.75%	-4.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.59%	17.75%	-3.16%

ISD vs. QQQI - Expense Ratio Comparison

ISD has a 0.02% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

ISD vs. QQQI - Dividend Comparison

ISD's dividend yield for the trailing twelve months is around 10.13%, less than QQQI's 14.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISD PGIM High Yield Bond Fund	10.13%	8.71%	9.21%	10.23%	10.61%	7.85%	8.40%	7.86%	7.89%	8.46%	8.28%	9.64%
QQQI NEOS Nasdaq-100 High Income ETF	14.38%	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 ISD and QQQI in my portfolio?

ISD and QQQI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISD or QQQI?

QQQI has higher volatility (6.53%) compared to ISD (3.08%). In terms of maximum drawdown, ISD dropped -38.88% vs QQQI's -20.00%.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (0.98 vs -0.44), 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.