JDIEX vs. QQQH

Last updated Jun 23, 2026

JDIEX (Easterly Hedged Equity Fund) and QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) are both funds - JDIEX is a Options Trading fund managed by James Alpha Advisors, while QQQH is a Nasdaq-100 fund managed by Neos. Over the past 5 years, JDIEX returned 10.70%/yr vs 8.74%/yr for QQQH. A 0.74 correlation means they provide meaningful diversification when combined. JDIEX charges 1.26%/yr vs 0.68%/yr for QQQH.

Performance

JDIEX vs. QQQH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Easterly Hedged Equity Fund (JDIEX) and NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JDIEX having a 7.61% return and QQQH slightly higher at 7.69%.

JDIEX

• 1D: 0.56%
• 1M: 0.00%
• YTD: 7.61%
• 6M: 7.32%
• 1Y: 17.49%
• 3Y*: 14.34%
• 5Y*: 10.70%
• 10Y*: 8.91%

QQQH

• 1D: -0.03%
• 1M: 1.46%
• YTD: 7.69%
• 6M: 7.21%
• 1Y: 19.80%
• 3Y*: 19.00%
• 5Y*: 8.74%
• 10Y*: —

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

JDIEX vs. QQQH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JDIEX Easterly Hedged Equity Fund	7.61%	11.87%	17.36%	14.58%	-2.74%	11.25%	7.57%	0.18%
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	7.69%	14.17%	25.98%	30.96%	-28.35%	9.76%	18.62%	0.47%

Correlation

The correlation between JDIEX and QQQH is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 20, 2019	0.74

The correlation between JDIEX and QQQH shifts across timeframes, from 0.74 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JDIEX vs. QQQH — Risk / Return Rank

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

JDIEX

JDIEX Risk / Return Rank: 89
JDIEX Sharpe Ratio Rank: 88
JDIEX Sortino Ratio Rank: 86
JDIEX Omega Ratio Rank: 84
JDIEX Calmar Ratio Rank: 94
JDIEX Martin Ratio Rank: 94

QQQH

QQQH Risk / Return Rank: 60
QQQH Sharpe Ratio Rank: 58
QQQH Sortino Ratio Rank: 55
QQQH Omega Ratio Rank: 61
QQQH Calmar Ratio Rank: 59
QQQH Martin Ratio Rank: 67

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.

JDIEX vs. QQQH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Easterly Hedged Equity Fund (JDIEX) and NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH). 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.

	JDIEX	QQQH	Difference
Sharpe ratio: Return per unit of total volatility	2.65	1.88	+0.77
Sortino ratio: Return per unit of downside risk	3.82	2.56	+1.26
Omega ratio: Gain probability vs. loss probability	1.52	1.36	+0.17
Calmar ratio: Return relative to maximum drawdown	4.95	2.86	+2.10
Martin ratio: Return relative to average drawdown	18.73	11.98	+6.75

JDIEX vs. QQQH - Sharpe Ratio Comparison

The current JDIEX Sharpe Ratio is 2.65, which is higher than the QQQH Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of JDIEX and QQQH, 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

JDIEX vs. QQQH - Drawdown Comparison

The maximum JDIEX drawdown since its inception was -17.63%, smaller than the maximum QQQH drawdown of -31.24%. Use the drawdown chart below to compare losses from any high point for JDIEX and QQQH.

Drawdown Indicators

	JDIEX	QQQH	Difference
Max Drawdown Largest peak-to-trough decline	-17.63%	-31.24%	+13.61%
Max Drawdown (1Y) Largest decline over 1 year	-3.49%	-6.96%	+3.47%
Max Drawdown (3Y) Largest decline over 3 years	-10.66%	-15.18%	+4.52%
Max Drawdown (5Y) Largest decline over 5 years	-17.57%	-31.24%	+13.67%
Max Drawdown (10Y) Largest decline over 10 years	-17.63%	—	—
Current Drawdown Current decline from peak	-0.98%	-0.22%	-0.76%
Average Drawdown Average peak-to-trough decline	-2.52%	-8.22%	+5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	1.66%	-0.74%

Volatility

JDIEX vs. QQQH - Volatility Comparison

The current volatility for Easterly Hedged Equity Fund (JDIEX) is 2.39%, while NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) has a volatility of 4.79%. This indicates that JDIEX experiences smaller price fluctuations and is considered to be less risky than QQQH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JDIEX	QQQH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	4.79%	-2.40%
Volatility (6M) Calculated over the trailing 6-month period	5.13%	8.39%	-3.26%
Volatility (1Y) Calculated over the trailing 1-year period	6.53%	10.57%	-4.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.33%	13.32%	-1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.74%	13.44%	-2.70%

JDIEX vs. QQQH - Expense Ratio Comparison

JDIEX has a 1.26% expense ratio, which is higher than QQQH's 0.68% expense ratio.

Dividends

JDIEX vs. QQQH - Dividend Comparison

JDIEX has not paid dividends to shareholders, while QQQH's dividend yield for the trailing twelve months is around 8.76%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JDIEX Easterly Hedged Equity Fund	0.00%	0.00%	0.09%	0.23%	2.45%	10.68%	8.01%	1.99%	10.75%	2.57%	0.11%
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	8.76%	8.86%	7.53%	7.18%	9.05%	7.77%	7.48%	0.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JDIEX and QQQH in my portfolio?

JDIEX and QQQH have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JDIEX or QQQH?

QQQH has higher volatility (4.79%) compared to JDIEX (2.39%). In terms of maximum drawdown, JDIEX dropped -17.63% vs QQQH's -31.24%.

Which has better risk-adjusted returns?

JDIEX currently has the higher Sharpe Ratio (2.65 vs 1.88), 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.