QEW vs. QQQI
QEW (Invesco QQQ Equal Weight ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both Nasdaq-100 funds. QEW is passively managed, while QQQI is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. QEW charges 0.25%/yr vs 0.68%/yr for QQQI.
Performance
QEW vs. QQQI - Performance Comparison
Loading charts...
Returns By Period
QEW
- 1D
- -2.01%
- 1M
- 1.99%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQI
- 1D
- -2.87%
- 1M
- -0.93%
- YTD
- 9.86%
- 6M
- 8.75%
- 1Y
- 24.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QEW vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QEW Invesco QQQ Equal Weight ETF | 17.75% |
QQQI NEOS Nasdaq-100 High Income ETF | 10.46% |
Correlation
The correlation between QEW 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 (All Time) Calculated using the full available price history since Mar 18, 2026 | 0.91 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QEW vs. QQQI — Risk / Return Rank
QEW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQI
QEW vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Equal Weight ETF (QEW) 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.
| QEW | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.60 | — |
| Martin ratioReturn relative to average drawdown | — | 11.10 | — |
Loading charts...
Drawdowns
QEW vs. QQQI - Drawdown Comparison
The maximum QEW drawdown since its inception was -5.87%, smaller than the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for QEW and QQQI.
Loading charts...
Drawdown Indicators
| QEW | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.87% | -20.00% | +14.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.61% | — |
Current DrawdownCurrent decline from peak | -3.04% | -3.32% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -1.11% | -2.20% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.25% | — |
Volatility
QEW vs. QQQI - Volatility Comparison
Loading charts...
Volatility by Period
| QEW | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.39% | 14.79% | +5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.39% | 17.53% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.39% | 17.53% | +2.86% |
QEW vs. QQQI - Expense Ratio Comparison
QEW has a 0.25% expense ratio, which is lower than QQQI's 0.68% expense ratio.
Dividends
QEW vs. QQQI - Dividend Comparison
QEW's dividend yield for the trailing twelve months is around 0.11%, less than QQQI's 14.97% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QEW Invesco QQQ Equal Weight ETF | 0.11% | 0.00% | 0.00% |
QQQI NEOS Nasdaq-100 High Income ETF | 14.97% | 13.82% | 12.85% |
Frequently Asked Questions
With a correlation of 0.91, QEW 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.
On fees, QEW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QEW is cheaper with a 0.25% expense ratio, compared with 0.68% for QQQI.
QQQI has the higher dividend yield at 14.97%, compared with 0.11% for QEW.
They also come from different issuers: Invesco and Neos. Their fees differ too: 0.25% for QEW and 0.68% for QQQI.
Find the right allocation for QEW and QQQI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer