QDTY vs. QQQI

Last updated Jun 4, 2026

QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both Nasdaq-100 funds. Both are actively managed. Over the past year, QDTY returned 39.98% vs 30.41% for QQQI. Their correlation of 0.91 suggests significant overlap in exposure. QDTY charges 1.01%/yr vs 0.68%/yr for QQQI.

Performance

QDTY vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) 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, QDTY achieves a 16.37% return, which is significantly higher than QQQI's 13.43% return.

QDTY

• 1D: 0.06%
• 1M: 9.62%
• YTD: 16.37%
• 6M: 16.71%
• 1Y: 39.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQI

• 1D: -0.17%
• 1M: 6.91%
• YTD: 13.43%
• 6M: 12.92%
• 1Y: 30.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QDTY vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	16.37%	11.37%
QQQI NEOS Nasdaq-100 High Income ETF	13.43%	13.58%

Correlation

The correlation between QDTY and QQQI is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.91

The correlation between QDTY and QQQI has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

QDTY vs. QQQI - Sectors Allocation Comparison

Sectors	QDTY	QQQI
Technology	53.7%	53.3%
Communication Services	15.8%	15.7%
Consumer Cyclical	12.2%	12.1%
Consumer Defensive	7.7%	7.7%
Healthcare	4.2%	4.3%
Industrials	3.1%	3.3%
Utilities	1.4%	1.5%
Basic Materials	1.1%	1.2%
Energy	0.6%	0.7%
Financial Services	0.2%	0.3%
Real Estate	0.1%	0.1%

Return for Risk

QDTY vs. QQQI — Risk / Return Rank

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

QDTY

QDTY Risk / Return Rank: 75
QDTY Sharpe Ratio Rank: 80
QDTY Sortino Ratio Rank: 75
QDTY Omega Ratio Rank: 76
QDTY Calmar Ratio Rank: 72
QDTY Martin Ratio Rank: 71

QQQI

QQQI Risk / Return Rank: 68
QQQI Sharpe Ratio Rank: 70
QQQI Sortino Ratio Rank: 66
QQQI Omega Ratio Rank: 70
QQQI Calmar Ratio Rank: 63
QQQI Martin Ratio Rank: 74

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.

QDTY vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) 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.

	QDTY	QQQI	Difference
Sharpe ratio Return per unit of total volatility	2.65	2.35	+0.29
Sortino ratio Return per unit of downside risk	3.41	3.12	+0.29
Omega ratio Gain probability vs. loss probability	1.46	1.43	+0.03
Calmar ratio Return relative to maximum drawdown	3.62	3.18	+0.44
Martin ratio Return relative to average drawdown	13.27	14.27	-1.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDTY vs. QQQI - Sharpe Ratio Comparison

The current QDTY Sharpe Ratio is 2.65, which is comparable to the QQQI Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of QDTY 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

	QDTY	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	2.35	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	1.34	-0.48

Drawdowns

QDTY vs. QQQI - Drawdown Comparison

The maximum QDTY drawdown since its inception was -23.45%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for QDTY and QQQI.

Drawdown Indicators

	QDTY	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-23.45%	-20.00%	-3.45%
Max Drawdown (1Y) Largest decline over 1 year	-11.10%	-9.61%	-1.49%
Current Drawdown Current decline from peak	0.00%	-0.17%	+0.17%
Average Drawdown Average peak-to-trough decline	-4.48%	-2.20%	-2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.14%	+0.88%

Volatility

QDTY vs. QQQI - Volatility Comparison

YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) has a higher volatility of 3.29% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 2.68%. This indicates that QDTY'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.

Volatility by Period

	QDTY	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	2.68%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	11.77%	9.85%	+1.92%
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	12.98%	+2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.87%	17.07%	+8.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.87%	17.07%	+8.80%

QDTY vs. QQQI - Expense Ratio Comparison

QDTY has a 1.01% expense ratio, which is higher than QQQI's 0.68% expense ratio.

Dividends

QDTY vs. QQQI - Dividend Comparison

QDTY's dividend yield for the trailing twelve months is around 30.90%, more than QQQI's 13.19% yield.

Position	TTM	2025	2024
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	30.90%	26.82%	0.00%
QQQI NEOS Nasdaq-100 High Income ETF	13.19%	13.82%	12.85%

Frequently Asked Questions

Can I hold both QDTY and QQQI in my portfolio?

With a correlation of 0.91, QDTY 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, QDTY or QQQI?

QDTY has higher volatility (3.29%) compared to QQQI (2.68%). In terms of maximum drawdown, QDTY dropped -23.45% vs QQQI's -20.00%.

Which ETF is better, QDTY or QQQI?

On 1-year performance, QDTY leads with 39.98% vs 30.41% for QQQI. On fees, QQQI is cheaper at 0.68% per year. On volatility, QQQI has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDTY or QQQI?

Over the 1-year period, QDTY has performed better with a 39.98% return vs 30.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDTY or QQQI?

QQQI is cheaper with a 0.68% expense ratio, compared with 1.01% for QDTY.

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

QDTY has the higher dividend yield at 30.90%, compared with 13.19% for QQQI.

What is the main difference between QDTY and QQQI?

They also come from different issuers: YieldMax and Neos. Their fees differ too: 1.01% for QDTY and 0.68% for QQQI.

Which has better risk-adjusted returns?

QDTY currently has the higher Sharpe Ratio (2.65 vs 2.35), 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.