QLDY vs. QQQI
QLDY (Defiance Nasdaq 100 LightningSpread Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both Nasdaq-100 funds. Both are actively managed. With a 0.97 correlation, they move nearly in lockstep. QLDY charges 1.04%/yr vs 0.68%/yr for QQQI.
Performance
QLDY vs. QQQI - Performance Comparison
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Returns By Period
In the year-to-date period, QLDY achieves a 18.34% return, which is significantly higher than QQQI's 13.04% return.
QLDY
- 1D
- -0.79%
- 1M
- 9.29%
- YTD
- 18.34%
- 6M
- 15.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQI
- 1D
- -0.35%
- 1M
- 5.60%
- YTD
- 13.04%
- 6M
- 12.57%
- 1Y
- 29.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QLDY vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QLDY Defiance Nasdaq 100 LightningSpread Income ETF | 18.34% | 1.50% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.04% | 3.71% |
Correlation
The correlation between QLDY and QQQI is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 19, 2025 | 0.97 |
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Return for Risk
QLDY vs. QQQI — Risk / Return Rank
QLDY
QQQI
QLDY vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| QLDY | QQQI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 1.32 | +0.20 |
Drawdowns
QLDY vs. QQQI - Drawdown Comparison
The maximum QLDY drawdown since its inception was -17.44%, smaller than the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for QLDY and QQQI.
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Drawdown Indicators
| QLDY | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.44% | -20.00% | +2.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.61% | — |
Current DrawdownCurrent decline from peak | -0.79% | -0.52% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -2.19% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
QLDY vs. QQQI - Volatility Comparison
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Volatility by Period
| QLDY | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.69% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 12.98% | +6.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.55% | 17.05% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 17.05% | +2.50% |
QLDY vs. QQQI - Expense Ratio Comparison
QLDY has a 1.04% expense ratio, which is higher than QQQI's 0.68% expense ratio.
Dividends
QLDY vs. QQQI - Dividend Comparison
QLDY's dividend yield for the trailing twelve months is around 21.64%, more than QQQI's 13.24% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QLDY Defiance Nasdaq 100 LightningSpread Income ETF | 21.64% | 9.34% | 0.00% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.24% | 13.82% | 12.85% |
Frequently Asked Questions
With a correlation of 0.97, QLDY 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, QQQI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQI is cheaper with a 0.68% expense ratio, compared with 1.04% for QLDY.
QLDY has the higher dividend yield at 21.64%, compared with 13.24% for QQQI.
They also come from different issuers: Defiance and Neos. Their fees differ too: 1.04% for QLDY and 0.68% for QQQI.
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