PPIE vs. QQQI

Last updated Jun 24, 2026

PPIE (Putnam Panagora ESG International Equity ETF -) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - PPIE is a Foreign Large Cap Equities fund actively managed by Putnam, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Over the past year, PPIE returned 21.66% vs 23.23% for QQQI. A 0.60 correlation means they provide meaningful diversification when combined. PPIE charges 0.49%/yr vs 0.68%/yr for QQQI.

Performance

PPIE vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Panagora ESG International Equity ETF - (PPIE) 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, PPIE achieves a 8.31% return, which is significantly lower than QQQI's 9.46% return.

PPIE

• 1D: 0.02%
• 1M: 0.47%
• YTD: 8.31%
• 6M: 8.34%
• 1Y: 21.66%
• 3Y*: 18.34%
• 5Y*: —
• 10Y*: —

QQQI

• 1D: -0.36%
• 1M: -1.29%
• YTD: 9.46%
• 6M: 8.08%
• 1Y: 23.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PPIE vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PPIE Putnam Panagora ESG International Equity ETF -	8.31%	32.77%	7.02%
QQQI NEOS Nasdaq-100 High Income ETF	9.46%	18.62%	19.44%

Correlation

The correlation between PPIE and QQQI is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024	0.60

The correlation between PPIE and QQQI has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.

PPIE vs. QQQI - Sectors Allocation Comparison

Sectors	PPIE	QQQI
Financial Services	24.0%	0.2%
Industrials	21.7%	3.0%
Technology	14.2%	58.1%
Healthcare	11.9%	3.9%
Consumer Defensive	6.4%	6.5%
Consumer Cyclical	5.9%	11.3%
Basic Materials	5.3%	1.0%
Communication Services	3.3%	14.2%
Energy	3.3%	0.5%
Utilities	3.2%	1.3%
Real Estate	0.9%	0.1%

Return for Risk

PPIE vs. QQQI — Risk / Return Rank

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

PPIE

PPIE Risk / Return Rank: 39
PPIE Sharpe Ratio Rank: 40
PPIE Sortino Ratio Rank: 39
PPIE Omega Ratio Rank: 39
PPIE Calmar Ratio Rank: 36
PPIE Martin Ratio Rank: 41

QQQI

QQQI Risk / Return Rank: 54
QQQI Sharpe Ratio Rank: 51
QQQI Sortino Ratio Rank: 47
QQQI Omega Ratio Rank: 52
QQQI Calmar Ratio Rank: 55
QQQI Martin Ratio Rank: 63

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.

PPIE vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Panagora ESG International Equity ETF - (PPIE) 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.

	PPIE	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.58	-0.28
Sortino ratio: Return per unit of downside risk	1.88	2.12	-0.24
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	1.66	2.43	-0.77
Martin ratio: Return relative to average drawdown	6.12	10.31	-4.19

PPIE vs. QQQI - Sharpe Ratio Comparison

The current PPIE Sharpe Ratio is 1.31, which is comparable to the QQQI Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of PPIE 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

PPIE vs. QQQI - Drawdown Comparison

The maximum PPIE drawdown since its inception was -13.55%, smaller than the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for PPIE and QQQI.

Drawdown Indicators

	PPIE	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-13.55%	-20.00%	+6.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.00%	-9.61%	-2.39%
Max Drawdown (3Y) Largest decline over 3 years	-13.55%	—	—
Current Drawdown Current decline from peak	-0.75%	-3.67%	+2.92%
Average Drawdown Average peak-to-trough decline	-2.50%	-2.21%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	2.26%	+0.98%

Volatility

PPIE vs. QQQI - Volatility Comparison

The current volatility for Putnam Panagora ESG International Equity ETF - (PPIE) is 3.00%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 7.62%. This indicates that PPIE 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

	PPIE	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	7.62%	-4.62%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	11.94%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.22%	14.78%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	17.51%	-2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.78%	17.51%	-2.73%

PPIE vs. QQQI - Expense Ratio Comparison

PPIE has a 0.49% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

PPIE vs. QQQI - Dividend Comparison

PPIE's dividend yield for the trailing twelve months is around 12.06%, less than QQQI's 15.03% yield.

Position	TTM	2025	2024	2023
PPIE Putnam Panagora ESG International Equity ETF -	12.06%	8.40%	5.12%	3.30%
QQQI NEOS Nasdaq-100 High Income ETF	15.03%	13.82%	12.85%	0.00%

Frequently Asked Questions

Can I hold both PPIE and QQQI in my portfolio?

PPIE and QQQI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPIE or QQQI?

QQQI has higher volatility (7.62%) compared to PPIE (3.00%). In terms of maximum drawdown, PPIE dropped -13.55% vs QQQI's -20.00%.

Which ETF is better, PPIE or QQQI?

On 1-year performance, QQQI leads with 23.23% vs 21.66% for PPIE. On fees, PPIE is cheaper at 0.49% per year. On volatility, PPIE has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PPIE or QQQI?

Over the 1-year period, QQQI has performed better with a 23.23% return vs 21.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PPIE or QQQI?

PPIE is cheaper with a 0.49% expense ratio, compared with 0.68% for QQQI.

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

QQQI has the higher dividend yield at 15.03%, compared with 12.06% for PPIE.

What is the main difference between PPIE and QQQI?

PPIE is categorized as Foreign Large Cap Equities, while QQQI is Nasdaq-100. They also come from different issuers: Putnam and Neos. Their fees differ too: 0.49% for PPIE and 0.68% for QQQI.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (1.58 vs 1.31), 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.