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NDQ.AX vs. QQQI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NDQ.AX vs. QQQI

Last updated Jun 5, 2026

NDQ.AX (BetaShares NASDAQ 100 ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both Nasdaq-100 funds. NDQ.AX is passively managed, while QQQI is actively managed. Over the past year, NDQ.AX returned 28.25% vs 18.38% for QQQI. At a 0.12 correlation, their price movements are largely independent. NDQ.AX charges 0.48%/yr vs 0.68%/yr for QQQI.

Performance

NDQ.AX vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in BetaShares NASDAQ 100 ETF (NDQ.AX) and NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

NDQ.AX is traded in AUD, while QQQI is traded in USD. To make them comparable, the QQQI values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NDQ.AX achieves a 12.48% return, which is significantly higher than QQQI's 6.11% return.

NDQ.AX

1D
-0.22%
1M
10.02%
YTD
12.48%
6M
10.31%
1Y
28.25%
3Y*
25.30%
5Y*
19.70%
10Y*
21.80%

QQQI

1D
-0.06%
1M
6.71%
YTD
6.11%
6M
4.67%
1Y
18.38%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

NDQ.AX vs. QQQI - Yearly Performance Comparison

2026 (YTD)20252024
NDQ.AX
BetaShares NASDAQ 100 ETF		12.48%12.19%28.36%
QQQI
NEOS Nasdaq-100 High Income ETF		6.11%10.01%27.84%

Correlation

The correlation between NDQ.AX and QQQI is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.09

Correlation (All Time)
Calculated using the full available price history since Jan 31, 2024

0.12

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BetaShares NASDAQ 100 ETF

NEOS Nasdaq-100 High Income ETF

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Often compared with QQQI:
QQQI vs. JEPQQQQI vs. QQQQQQI vs. SPYIQQQI vs. GPIQQQQI vs. JEPIQQQI vs. SCHDQQQI vs. QQQY

Return for Risk

NDQ.AX vs. QQQI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NDQ.AX
NDQ.AX Risk / Return Rank: 4949
Overall Rank
NDQ.AX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
NDQ.AX Sortino Ratio Rank: 5757
Sortino Ratio Rank
NDQ.AX Omega Ratio Rank: 6060
Omega Ratio Rank
NDQ.AX Calmar Ratio Rank: 3838
Calmar Ratio Rank
NDQ.AX Martin Ratio Rank: 3232
Martin Ratio Rank
QQQI
QQQI Risk / Return Rank: 7070
Overall Rank
QQQI Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
QQQI Sortino Ratio Rank: 6868
Sortino Ratio Rank
QQQI Omega Ratio Rank: 7272
Omega Ratio Rank
QQQI Calmar Ratio Rank: 6363
Calmar Ratio Rank
QQQI Martin Ratio Rank: 7474
Martin Ratio Rank
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.

NDQ.AX vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaShares NASDAQ 100 ETF (NDQ.AX) 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.

NDQ.AXQQQIDifference
Sharpe ratioReturn per unit of total volatility
1.99
1.64

+0.35

Sortino ratioReturn per unit of downside risk
2.65
2.25

+0.40

Omega ratioGain probability vs. loss probability

1.36

1.30

+0.06

Calmar ratioReturn relative to maximum drawdown

1.85

1.47

+0.37

Martin ratioReturn relative to average drawdown

4.77

3.95

+0.82

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDQ.AX vs. QQQI - Sharpe Ratio Comparison

The current NDQ.AX Sharpe Ratio is 1.99, which is comparable to the QQQI Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of NDQ.AX 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.

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Sharpe Ratios by Period

NDQ.AXQQQIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.99

1.64

+0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.13

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.06

1.21

-0.14

Drawdowns

NDQ.AX vs. QQQI - Drawdown Comparison

The maximum NDQ.AX drawdown since its inception was -30.79%, which is greater than QQQI's maximum drawdown of -17.58%. Use the drawdown chart below to compare losses from any high point for NDQ.AX and QQQI.

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Drawdown Indicators

NDQ.AXQQQIDifference

Max Drawdown

Largest peak-to-trough decline

-30.79%

-17.58%

-13.21%

Max Drawdown (1Y)

Largest decline over 1 year

-15.17%

-12.53%

-2.64%

Max Drawdown (3Y)

Largest decline over 3 years

-21.27%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-30.79%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-30.79%

—

—

Current Drawdown

Current decline from peak

-0.22%

-0.06%

-0.16%

Average Drawdown

Average peak-to-trough decline

-5.87%

-3.08%

-2.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.89%

4.66%

+1.23%

Volatility

NDQ.AX vs. QQQI - Volatility Comparison

BetaShares NASDAQ 100 ETF (NDQ.AX) has a higher volatility of 2.85% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 1.62%. This indicates that NDQ.AX's price experiences larger fluctuations and is considered to be riskier than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NDQ.AXQQQIDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.85%

1.62%

+1.23%

Volatility (6M)

Calculated over the trailing 6-month period

10.27%

8.33%

+1.94%

Volatility (1Y)

Calculated over the trailing 1-year period

14.07%

11.24%

+2.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.11%

15.52%

+3.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.14%

15.52%

+3.62%

NDQ.AX vs. QQQI - Expense Ratio Comparison

NDQ.AX has a 0.48% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

NDQ.AX vs. QQQI - Dividend Comparison

NDQ.AX's dividend yield for the trailing twelve months is around 1.44%, less than QQQI's 13.24% yield.

PositionTTM2025202420232022202120202019201820172016
NDQ.AX
BetaShares NASDAQ 100 ETF		1.44%1.67%1.86%2.17%3.36%3.33%2.47%2.22%0.52%0.45%0.43%
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%

Frequently Asked Questions

NDQ.AX and QQQI have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, NDQ.AX is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

NDQ.AX is cheaper with a 0.48% expense ratio, compared with 0.68% for QQQI.

They also come from different issuers: BetaShares and Neos. Their fees differ too: 0.48% for NDQ.AX and 0.68% for QQQI.

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