JPHY vs. QQQI

Last updated Aug 2, 2026

JPHY (JPMorgan High Yield Research Enhanced ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - JPHY is a High Yield Bonds fund actively managed by JPMorgan, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Over the past year, JPHY returned 5.79% vs 17.94% for QQQI. Their 0.58 correlation means they have sometimes moved together and sometimes differently. JPHY charges 0.24%/yr vs 0.68%/yr for QQQI.

Performance

JPHY vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan High Yield Research Enhanced ETF (JPHY) 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, JPHY achieves a 2.31% return, which is significantly lower than QQQI's 6.90% return.

JPHY

• 1D: 0.11%
• 1M: -0.24%
• 6M: 1.64%
• YTD: 2.31%
• 1Y: 5.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.88%

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)
JPHY JPMorgan High Yield Research Enhanced ETF	$1.06M	$1.07M	$1.46M
QQQI NEOS Nasdaq-100 High Income ETF	$341.25M	$334.46M	$358.36M

JPHY vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025
JPHY JPMorgan High Yield Research Enhanced ETF	2.31%	4.06%
QQQI NEOS Nasdaq-100 High Income ETF	6.90%	12.58%

Correlation

The correlation between JPHY and QQQI is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.58

The correlation between JPHY and QQQI has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.

Return for Risk

JPHY vs. QQQI — Risk / Return Rank

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

JPHY

JPHY Risk / Return Rank: 88
JPHY Sharpe Ratio Rank: 83
JPHY Sortino Ratio Rank: 89
JPHY Omega Ratio Rank: 87
JPHY Calmar Ratio Rank: 88
JPHY Martin Ratio Rank: 92

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.

JPHY vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan High Yield Research Enhanced ETF (JPHY) 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.

	JPHY	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	1.93	0.98	+0.95
Sortino ratio: Return per unit of downside risk	3.03	1.42	+1.62
Omega ratio: Gain probability vs. loss probability	1.39	1.18	+0.20
Calmar ratio: Return relative to maximum drawdown	3.54	1.67	+1.87
Martin ratio: Return relative to average drawdown	15.55	6.03	+9.53

JPHY vs. QQQI - Sharpe Ratio Comparison

The current JPHY Sharpe Ratio is 1.93, which is higher than the QQQI Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of JPHY 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

JPHY vs. QQQI - Drawdown Comparison

The maximum JPHY drawdown since its inception was -1.65%, smaller than the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for JPHY and QQQI.

Drawdown Indicators

	JPHY	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-1.65%	-20.00%	+18.35%
Max Drawdown (1Y) Largest decline over 1 year	-1.65%	-9.61%	+7.96%
Current Drawdown Current decline from peak	-0.40%	-5.92%	+5.52%
Average Drawdown Average peak-to-trough decline	-0.22%	-2.27%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	2.67%	-2.30%

Volatility

JPHY vs. QQQI - Volatility Comparison

The current volatility for JPMorgan High Yield Research Enhanced ETF (JPHY) is 0.71%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 6.53%. This indicates that JPHY 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

	JPHY	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.71%	6.53%	-5.82%
Volatility (6M) Calculated over the trailing 6-month period	2.38%	13.66%	-11.28%
Volatility (1Y) Calculated over the trailing 1-year period	3.02%	16.35%	-13.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.94%	17.75%	-14.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.94%	17.75%	-14.81%

JPHY vs. QQQI - Expense Ratio Comparison

JPHY has a 0.24% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

JPHY vs. QQQI - Dividend Comparison

JPHY's dividend yield for the trailing twelve months is around 6.47%, less than QQQI's 14.38% yield.

Position	TTM	2025	2024
JPHY JPMorgan High Yield Research Enhanced ETF	5.85%	3.32%	0.00%
QQQI NEOS Nasdaq-100 High Income ETF	14.38%	13.82%	12.85%

Frequently Asked Questions

Can I hold both JPHY and QQQI in my portfolio?

JPHY and QQQI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPHY or QQQI?

QQQI has higher volatility (6.53%) compared to JPHY (0.71%). In terms of maximum drawdown, JPHY dropped -1.65% vs QQQI's -20.00%.

Which ETF is better, JPHY or QQQI?

On 1-year performance, QQQI leads with 17.94% vs 5.79% for JPHY. On fees, JPHY is cheaper at 0.24% per year. On volatility, JPHY has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPHY or QQQI?

Over the 1-year period, QQQI has performed better with a 17.94% return vs 5.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPHY or QQQI?

JPHY is cheaper with a 0.24% expense ratio, compared with 0.68% for QQQI.

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

QQQI has the higher dividend yield at 14.38%, compared with 5.85% for JPHY.

What is the main difference between JPHY and QQQI?

JPHY is categorized as High Yield Bonds, while QQQI is Nasdaq-100. They also come from different issuers: JPMorgan and Neos. Their fees differ too: 0.24% for JPHY and 0.68% for QQQI.

Which has better risk-adjusted returns?

JPHY currently has the higher Sharpe Ratio (1.93 vs 0.98), 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.