JMHI vs. QQQI

Last updated Jun 3, 2026

JMHI (JPMorgan High Yield Municipal ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - JMHI is a High Yield Muni fund actively managed by JPMorgan, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Over the past year, JMHI returned 6.44% vs 31.46% for QQQI. At a 0.10 correlation, their price movements are largely independent. JMHI charges 0.35%/yr vs 0.68%/yr for QQQI.

Performance

JMHI vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan High Yield Municipal ETF (JMHI) 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, JMHI achieves a 1.56% return, which is significantly lower than QQQI's 13.63% return.

JMHI

• 1D: 0.05%
• 1M: 0.52%
• YTD: 1.56%
• 6M: 1.62%
• 1Y: 6.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQI

• 1D: 0.38%
• 1M: 6.99%
• YTD: 13.63%
• 6M: 13.39%
• 1Y: 31.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JMHI vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JMHI JPMorgan High Yield Municipal ETF	1.56%	4.60%	6.45%
QQQI NEOS Nasdaq-100 High Income ETF	13.63%	18.62%	19.83%

Correlation

The correlation between JMHI and QQQI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.10

JMHI vs. QQQI - Sectors Allocation Comparison

Sectors	JMHI	QQQI
Technology	29.0%	53.3%
Healthcare	14.5%	4.3%
Financial Services	12.3%	0.3%
Consumer Cyclical	10.6%	12.1%
Industrials	9.0%	3.3%
Communication Services	7.8%	15.7%
Consumer Defensive	5.2%	7.7%
Energy	4.9%	0.7%
Basic Materials	2.4%	1.2%
Real Estate	2.3%	0.1%
Utilities	2.2%	1.5%

Return for Risk

JMHI vs. QQQI — Risk / Return Rank

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

JMHI

JMHI Risk / Return Rank: 54
JMHI Sharpe Ratio Rank: 58
JMHI Sortino Ratio Rank: 60
JMHI Omega Ratio Rank: 65
JMHI Calmar Ratio Rank: 42
JMHI Martin Ratio Rank: 45

QQQI

QQQI Risk / Return Rank: 72
QQQI Sharpe Ratio Rank: 74
QQQI Sortino Ratio Rank: 69
QQQI Omega Ratio Rank: 74
QQQI Calmar Ratio Rank: 67
QQQI Martin Ratio Rank: 77

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.

JMHI vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Municipal ETF (JMHI) 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.

	JMHI	QQQI	Difference
Sharpe ratio Return per unit of total volatility	2.00	2.44	-0.44
Sortino ratio Return per unit of downside risk	2.88	3.21	-0.33
Omega ratio Gain probability vs. loss probability	1.40	1.45	-0.04
Calmar ratio Return relative to maximum drawdown	2.16	3.34	-1.18
Martin ratio Return relative to average drawdown	7.55	15.01	-7.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMHI vs. QQQI - Sharpe Ratio Comparison

The current JMHI Sharpe Ratio is 2.00, which is comparable to the QQQI Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of JMHI 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

	JMHI	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.44	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	1.34	-0.29

Drawdowns

JMHI vs. QQQI - Drawdown Comparison

The maximum JMHI drawdown since its inception was -7.11%, smaller than the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for JMHI and QQQI.

Drawdown Indicators

	JMHI	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-7.11%	-20.00%	+12.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	-9.61%	+6.68%
Current Drawdown Current decline from peak	-0.51%	0.00%	-0.51%
Average Drawdown Average peak-to-trough decline	-1.29%	-2.20%	+0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	2.14%	-1.30%

Volatility

JMHI vs. QQQI - Volatility Comparison

The current volatility for JPMorgan High Yield Municipal ETF (JMHI) is 1.09%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 2.67%. This indicates that JMHI 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

	JMHI	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	2.67%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	2.33%	9.85%	-7.52%
Volatility (1Y) Calculated over the trailing 1-year period	3.24%	12.98%	-9.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.50%	17.08%	-12.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.50%	17.08%	-12.58%

JMHI vs. QQQI - Expense Ratio Comparison

JMHI has a 0.35% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

JMHI vs. QQQI - Dividend Comparison

JMHI's dividend yield for the trailing twelve months is around 4.54%, less than QQQI's 13.17% yield.

Position	TTM	2025	2024	2023
JMHI JPMorgan High Yield Municipal ETF	4.54%	4.42%	4.49%	2.48%
QQQI NEOS Nasdaq-100 High Income ETF	13.17%	13.82%	12.85%	0.00%

Frequently Asked Questions

Can I hold both JMHI and QQQI in my portfolio?

JMHI and QQQI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMHI or QQQI?

QQQI has higher volatility (2.67%) compared to JMHI (1.09%). In terms of maximum drawdown, JMHI dropped -7.11% vs QQQI's -20.00%.

Which ETF is better, JMHI or QQQI?

On 1-year performance, QQQI leads with 31.46% vs 6.44% for JMHI. On fees, JMHI is cheaper at 0.35% per year. On volatility, JMHI has been the lower-risk option at 1.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMHI or QQQI?

Over the 1-year period, QQQI has performed better with a 31.46% return vs 6.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMHI or QQQI?

JMHI is cheaper with a 0.35% expense ratio, compared with 0.68% for QQQI.

Which ETF pays a higher dividend yield, JMHI or QQQI?

QQQI has the higher dividend yield at 13.17%, compared with 4.54% for JMHI.

What is the main difference between JMHI and QQQI?

JMHI is categorized as High Yield Muni, while QQQI is Nasdaq-100. They also come from different issuers: JPMorgan and Neos. Their fees differ too: 0.35% for JMHI and 0.68% for QQQI.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.44 vs 2.00), 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.