QDTE vs. QQQI

Last updated Aug 2, 2026

QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - QDTE is a Derivative Income fund actively managed by Roundhill, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Over the past year, QDTE returned 25.08% vs 17.94% for QQQI. Their 0.97 correlation means they have historically moved very closely together. QDTE charges 0.95%/yr vs 0.68%/yr for QQQI.

Performance

QDTE vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) 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, QDTE achieves a 10.53% return, which is significantly higher than QQQI's 6.90% return.

QDTE

• 1D: 0.81%
• 1M: -1.54%
• 6M: 8.89%
• YTD: 10.53%
• 1Y: 25.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.88%

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)
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	$17.47M	$18.74M	$19.73M
QQQI NEOS Nasdaq-100 High Income ETF	$341.25M	$334.46M	$358.36M

QDTE vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	10.53%	19.32%	17.13%
QQQI NEOS Nasdaq-100 High Income ETF	6.90%	18.62%	16.26%

Correlation

The correlation between QDTE and QQQI is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.97

The correlation between QDTE and QQQI has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

QDTE vs. QQQI - Sectors Allocation Comparison

Sectors	QDTE	QQQI
Financial Services	5.3%	0.2%
Basic Materials	-	1.1%
Communication Services	-	12.1%
Consumer Cyclical	-	10.0%
Consumer Defensive	-	6.5%
Energy	-	0.5%
Healthcare	-	3.7%
Industrials	-	4.3%
Real Estate	-	0.1%
Technology	-	59.9%
Utilities	-	1.2%

Return for Risk

QDTE vs. QQQI — Risk / Return Rank

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

QDTE

QDTE Risk / Return Rank: 56
QDTE Sharpe Ratio Rank: 52
QDTE Sortino Ratio Rank: 49
QDTE Omega Ratio Rank: 50
QDTE Calmar Ratio Rank: 65
QDTE Martin Ratio Rank: 64

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.

QDTE vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) 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.

	QDTE	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	1.26	0.98	+0.27
Sortino ratio: Return per unit of downside risk	1.72	1.42	+0.31
Omega ratio: Gain probability vs. loss probability	1.22	1.18	+0.04
Calmar ratio: Return relative to maximum drawdown	2.23	1.67	+0.55
Martin ratio: Return relative to average drawdown	7.58	6.03	+1.55

QDTE vs. QQQI - Sharpe Ratio Comparison

The current QDTE Sharpe Ratio is 1.26, which is comparable to the QQQI Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of QDTE 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

QDTE vs. QQQI - Drawdown Comparison

The maximum QDTE drawdown since its inception was -22.86%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for QDTE and QQQI.

Drawdown Indicators

	QDTE	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-22.86%	-20.00%	-2.86%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	-9.61%	-0.59%
Current Drawdown Current decline from peak	-5.34%	-5.92%	+0.58%
Average Drawdown Average peak-to-trough decline	-3.17%	-2.27%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	2.67%	+0.32%

Volatility

QDTE vs. QQQI - Volatility Comparison

Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) and NEOS Nasdaq-100 High Income ETF (QQQI) have volatilities of 6.78% and 6.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDTE	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	6.53%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	14.80%	13.66%	+1.14%
Volatility (1Y) Calculated over the trailing 1-year period	18.06%	16.35%	+1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	17.75%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	17.75%	+1.42%

QDTE vs. QQQI - Expense Ratio Comparison

QDTE has a 0.95% expense ratio, which is higher than QQQI's 0.68% expense ratio.

Dividends

QDTE vs. QQQI - Dividend Comparison

QDTE's dividend yield for the trailing twelve months is around 46.41%, more than QQQI's 14.38% yield.

Position	TTM	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	46.41%	49.49%	32.09%
QQQI NEOS Nasdaq-100 High Income ETF	14.38%	13.82%	12.85%

Frequently Asked Questions

Can I hold both QDTE and QQQI in my portfolio?

With a correlation of 0.98, QDTE and QQQI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QDTE or QQQI?

QDTE has higher volatility (6.78%) compared to QQQI (6.53%). In terms of maximum drawdown, QDTE dropped -22.86% vs QQQI's -20.00%.

Which ETF is better, QDTE or QQQI?

On 1-year performance, QDTE leads with 25.08% vs 17.94% for QQQI. On fees, QQQI is cheaper at 0.68% per year. On volatility, QQQI has been the lower-risk option at 6.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDTE or QQQI?

Over the 1-year period, QDTE has performed better with a 25.08% return vs 17.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDTE or QQQI?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.95% for QDTE.

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

QDTE has the higher dividend yield at 46.41%, compared with 14.38% for QQQI.

What is the main difference between QDTE and QQQI?

QDTE is categorized as Derivative Income, while QQQI is Nasdaq-100. They also come from different issuers: Roundhill and Neos. Their fees differ too: 0.95% for QDTE and 0.68% for QQQI.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (1.26 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.