QLDY vs. QQQI
Compare and contrast key facts about Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) and NEOS Nasdaq-100 High Income ETF (QQQI).
QLDY and QQQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLDY is an actively managed fund by Defiance. It was launched on Sep 17, 2025. QQQI is an actively managed fund by Neos. It was launched on Jan 29, 2024.
Performance
QLDY vs. QQQI - Performance Comparison
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QLDY vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QLDY Defiance Nasdaq 100 LightningSpread Income ETF | -9.50% | 1.50% |
QQQI NEOS Nasdaq-100 High Income ETF | -3.45% | 3.71% |
Returns By Period
In the year-to-date period, QLDY achieves a -9.50% return, which is significantly lower than QQQI's -3.45% return.
QLDY
- 1D
- 1.52%
- 1M
- -6.07%
- YTD
- -9.50%
- 6M
- -9.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQI
- 1D
- 1.01%
- 1M
- -3.20%
- YTD
- -3.45%
- 6M
- -0.97%
- 1Y
- 21.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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QLDY vs. QQQI - Expense Ratio Comparison
QLDY has a 1.04% expense ratio, which is higher than QQQI's 0.68% expense ratio.
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 | — | 1.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | 0.90 | -1.66 |
Correlation
The correlation between QLDY and QQQI is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QLDY vs. QQQI - Dividend Comparison
QLDY's dividend yield for the trailing twelve months is around 19.76%, more than QQQI's 14.90% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
QLDY Defiance Nasdaq 100 LightningSpread Income ETF | 19.76% | 9.34% | 0.00% |
QQQI NEOS Nasdaq-100 High Income ETF | 14.90% | 13.82% | 12.85% |
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 | — | -11.46% | — |
Current DrawdownCurrent decline from peak | -13.33% | -5.72% | -7.61% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -2.31% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.54% | — |
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 | — | 6.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.69% | 19.72% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.69% | 17.48% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 17.48% | +2.21% |