QQHG vs. QQQH

Last updated Jun 5, 2026

QQHG (Invesco QQQ Hedged Advantage ETF) and QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) are both exchange-traded funds - QQHG is a Equity Hedged fund actively managed by Invesco, while QQQH is a Nasdaq-100 fund managed by Neos. Over the past year, QQHG returned 26.49% vs 19.77% for QQQH. Their correlation of 0.91 suggests significant overlap in exposure. QQHG charges 0.45%/yr vs 0.68%/yr for QQQH.

Performance

QQHG vs. QQQH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Hedged Advantage ETF (QQHG) and NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQHG achieves a 10.80% return, which is significantly higher than QQQH's 7.69% return.

QQHG

• 1D: -0.57%
• 1M: 3.42%
• YTD: 10.80%
• 6M: 10.03%
• 1Y: 26.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQH

• 1D: -0.20%
• 1M: 4.22%
• YTD: 7.69%
• 6M: 7.76%
• 1Y: 19.77%
• 3Y*: 20.51%
• 5Y*: 9.37%
• 10Y*: —

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

QQHG vs. QQQH - Yearly Performance Comparison

	2026 (YTD)	2025
QQHG Invesco QQQ Hedged Advantage ETF	10.80%	20.59%
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	7.69%	16.41%

Correlation

The correlation between QQHG and QQQH is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since May 8, 2025	0.91

The correlation between QQHG and QQQH has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

QQHG vs. QQQH — Risk / Return Rank

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

QQHG

QQHG Risk / Return Rank: 85
QQHG Sharpe Ratio Rank: 87
QQHG Sortino Ratio Rank: 88
QQHG Omega Ratio Rank: 85
QQHG Calmar Ratio Rank: 83
QQHG Martin Ratio Rank: 84

QQQH

QQQH Risk / Return Rank: 63
QQQH Sharpe Ratio Rank: 63
QQQH Sortino Ratio Rank: 61
QQQH Omega Ratio Rank: 65
QQQH Calmar Ratio Rank: 59
QQQH Martin Ratio Rank: 68

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.

QQHG vs. QQQH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Hedged Advantage ETF (QQHG) and NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH). 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.

	QQHG	QQQH	Difference
Sharpe ratio: Return per unit of total volatility	2.83	2.05	+0.77
Sortino ratio: Return per unit of downside risk	3.93	2.81	+1.12
Omega ratio: Gain probability vs. loss probability	1.51	1.39	+0.13
Calmar ratio: Return relative to maximum drawdown	4.30	2.86	+1.45
Martin ratio: Return relative to average drawdown	17.10	12.41	+4.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQHG vs. QQQH - Sharpe Ratio Comparison

The current QQHG Sharpe Ratio is 2.83, which is higher than the QQQH Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of QQHG and QQQH, 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

	QQHG	QQQH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.83	2.05	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.26	0.78	+2.48

Drawdowns

QQHG vs. QQQH - Drawdown Comparison

The maximum QQHG drawdown since its inception was -6.18%, smaller than the maximum QQQH drawdown of -31.24%. Use the drawdown chart below to compare losses from any high point for QQHG and QQQH.

Drawdown Indicators

	QQHG	QQQH	Difference
Max Drawdown Largest peak-to-trough decline	-6.18%	-31.24%	+25.06%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	-6.96%	+0.78%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.24%	—
Current Drawdown Current decline from peak	-0.82%	-0.22%	-0.60%
Average Drawdown Average peak-to-trough decline	-0.97%	-8.27%	+7.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.60%	-0.05%

Volatility

QQHG vs. QQQH - Volatility Comparison

Invesco QQQ Hedged Advantage ETF (QQHG) has a higher volatility of 2.20% compared to NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) at 1.76%. This indicates that QQHG's price experiences larger fluctuations and is considered to be riskier than QQQH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQHG	QQQH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.20%	1.76%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	6.69%	7.32%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	9.43%	9.67%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.54%	13.18%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.54%	13.37%	-3.83%

QQHG vs. QQQH - Expense Ratio Comparison

QQHG has a 0.45% expense ratio, which is lower than QQQH's 0.68% expense ratio.

Dividends

QQHG vs. QQQH - Dividend Comparison

QQHG's dividend yield for the trailing twelve months is around 0.20%, less than QQQH's 8.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
QQHG Invesco QQQ Hedged Advantage ETF	0.20%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	8.76%	8.86%	7.53%	7.18%	9.05%	7.77%	7.48%	0.65%

Frequently Asked Questions

Can I hold both QQHG and QQQH in my portfolio?

With a correlation of 0.92, QQHG and QQQH 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, QQHG or QQQH?

QQHG has higher volatility (2.20%) compared to QQQH (1.76%). In terms of maximum drawdown, QQHG dropped -6.18% vs QQQH's -31.24%.

Which ETF is better, QQHG or QQQH?

On 1-year performance, QQHG leads with 26.49% vs 19.77% for QQQH. On fees, QQHG is cheaper at 0.45% per year. On volatility, QQQH has been the lower-risk option at 1.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQHG or QQQH?

Over the 1-year period, QQHG has performed better with a 26.49% return vs 19.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQHG or QQQH?

QQHG is cheaper with a 0.45% expense ratio, compared with 0.68% for QQQH.

Which ETF pays a higher dividend yield, QQHG or QQQH?

QQQH has the higher dividend yield at 8.76%, compared with 0.20% for QQHG.

What is the main difference between QQHG and QQQH?

QQHG is categorized as Equity Hedged, while QQQH is Nasdaq-100. They also come from different issuers: Invesco and Neos. Their fees differ too: 0.45% for QQHG and 0.68% for QQQH.

Which has better risk-adjusted returns?

QQHG currently has the higher Sharpe Ratio (2.83 vs 2.05), 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.