IWMI vs. QQQI
Compare and contrast key facts about NEOS Russell 2000 High Income ETF (IWMI) and NEOS Nasdaq 100 High Income ETF (QQQI).
IWMI and QQQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWMI is an actively managed fund by Neos. It was launched on Jun 24, 2024. QQQI is an actively managed fund by Neos Investments. 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: IWMI or QQQI.
Correlation
The correlation between IWMI and QQQI is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IWMI vs. QQQI - Performance Comparison
Key characteristics
IWMI:
16.31%
QQQI:
14.21%
IWMI:
-8.88%
QQQI:
-10.67%
IWMI:
-7.45%
QQQI:
-1.76%
Returns By Period
In the year-to-date period, IWMI achieves a -0.22% return, which is significantly lower than QQQI's 3.24% return.
IWMI
-0.22%
-3.26%
0.23%
N/A
N/A
N/A
QQQI
3.24%
-0.02%
11.39%
20.53%
N/A
N/A
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IWMI vs. QQQI - Expense Ratio Comparison
Both IWMI and QQQI have an expense ratio of 0.68%.
Risk-Adjusted Performance
IWMI vs. QQQI — Risk-Adjusted Performance Rank
IWMI
QQQI
IWMI vs. QQQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Russell 2000 High Income ETF (IWMI) 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
IWMI vs. QQQI - Dividend Comparison
IWMI's dividend yield for the trailing twelve months is around 10.16%, less than QQQI's 12.65% yield.
| TTM | 2024 | |
|---|---|---|
IWMI NEOS Russell 2000 High Income ETF | 10.16% | 8.78% |
QQQI NEOS Nasdaq 100 High Income ETF | 12.65% | 12.85% |
Drawdowns
IWMI vs. QQQI - Drawdown Comparison
The maximum IWMI drawdown since its inception was -8.88%, smaller than the maximum QQQI drawdown of -10.67%. Use the drawdown chart below to compare losses from any high point for IWMI and QQQI. For additional features, visit the drawdowns tool.
Volatility
IWMI vs. QQQI - Volatility Comparison
NEOS Russell 2000 High Income ETF (IWMI) and NEOS Nasdaq 100 High Income ETF (QQQI) have volatilities of 3.76% and 3.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.