JFR vs. QQQI

Last updated Jun 5, 2026

JFR (Nuveen Floating Rate Income Fund) and QQQI (NEOS Nasdaq-100 High Income ETF) are both funds - JFR is a High Yield Bonds fund managed by Nuveen, while QQQI is a Nasdaq-100 fund actively managed by Neos. Over the past year, JFR returned 3.83% vs 29.68% for QQQI. At a 0.30 correlation, their price movements are largely independent. JFR charges 0.02%/yr vs 0.68%/yr for QQQI.

Performance

JFR vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Floating Rate Income Fund (JFR) 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, JFR achieves a 2.59% return, which is significantly lower than QQQI's 13.04% return.

JFR

• 1D: 0.26%
• 1M: 2.79%
• YTD: 2.59%
• 6M: 3.06%
• 1Y: 3.83%
• 3Y*: 11.93%
• 5Y*: 5.93%
• 10Y*: 5.84%

QQQI

• 1D: -0.35%
• 1M: 5.60%
• YTD: 13.04%
• 6M: 12.57%
• 1Y: 29.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JFR vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JFR Nuveen Floating Rate Income Fund	2.59%	-0.68%	17.53%
QQQI NEOS Nasdaq-100 High Income ETF	13.04%	18.62%	19.83%

Correlation

The correlation between JFR and QQQI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.30

Return for Risk

JFR vs. QQQI — Risk / Return Rank

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

JFR

JFR Risk / Return Rank: 6
JFR Sharpe Ratio Rank: 6
JFR Sortino Ratio Rank: 6
JFR Omega Ratio Rank: 6
JFR Calmar Ratio Rank: 6
JFR Martin Ratio Rank: 5

QQQI

QQQI Risk / Return Rank: 70
QQQI Sharpe Ratio Rank: 72
QQQI Sortino Ratio Rank: 68
QQQI Omega Ratio Rank: 72
QQQI Calmar Ratio Rank: 63
QQQI Martin Ratio Rank: 74

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.

JFR vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Floating Rate Income Fund (JFR) 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.

	JFR	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	0.45	2.30	-1.84
Sortino ratio: Return per unit of downside risk	0.75	3.05	-2.30
Omega ratio: Gain probability vs. loss probability	1.09	1.42	-0.33
Calmar ratio: Return relative to maximum drawdown	0.45	3.10	-2.66
Martin ratio: Return relative to average drawdown	1.16	13.93	-12.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JFR vs. QQQI - Sharpe Ratio Comparison

The current JFR Sharpe Ratio is 0.45, which is lower than the QQQI Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of JFR 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.

Sharpe Ratios by Period

	JFR	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	2.30	-1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	1.32	-1.05

Drawdowns

JFR vs. QQQI - Drawdown Comparison

The maximum JFR drawdown since its inception was -62.61%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for JFR and QQQI.

Drawdown Indicators

	JFR	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-62.61%	-20.00%	-42.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.62%	-9.61%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	-15.29%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.71%	—	—
Current Drawdown Current decline from peak	-0.86%	-0.52%	-0.34%
Average Drawdown Average peak-to-trough decline	-8.79%	-2.19%	-6.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	2.14%	+1.18%

Volatility

JFR vs. QQQI - Volatility Comparison

The current volatility for Nuveen Floating Rate Income Fund (JFR) is 1.71%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 2.69%. This indicates that JFR 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

	JFR	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.71%	2.69%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	7.07%	9.85%	-2.78%
Volatility (1Y) Calculated over the trailing 1-year period	8.52%	12.98%	-4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.81%	17.05%	-4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	17.05%	-0.40%

JFR vs. QQQI - Expense Ratio Comparison

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

Dividends

JFR vs. QQQI - Dividend Comparison

JFR's dividend yield for the trailing twelve months is around 13.11%, which matches QQQI's 13.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JFR Nuveen Floating Rate Income Fund	13.11%	13.03%	11.43%	11.51%	9.61%	6.66%	7.19%	7.19%	7.95%	7.23%	6.38%	7.03%
QQQI NEOS Nasdaq-100 High Income ETF	13.24%	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 JFR and QQQI in my portfolio?

JFR and QQQI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JFR or QQQI?

QQQI has higher volatility (2.69%) compared to JFR (1.71%). In terms of maximum drawdown, JFR dropped -62.61% vs QQQI's -20.00%.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.30 vs 0.45), 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.