QQQH vs. GLDI
QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) and GLDI (Credit Suisse X-Links Gold Shares Covered Call ETN) are both exchange-traded funds - QQQH is a Nasdaq-100 fund managed by Neos, while GLDI is a Precious Metals fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index. Over the past 5 years, QQQH returned 8.74%/yr vs 10.20%/yr for GLDI. At a 0.12 correlation, their price movements are largely independent. QQQH charges 0.68%/yr vs 0.65%/yr for GLDI.
Performance
QQQH vs. GLDI - Performance Comparison
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Returns By Period
In the year-to-date period, QQQH achieves a 6.04% return, which is significantly higher than GLDI's -2.64% return.
QQQH
- 1D
- 0.43%
- 1M
- 0.39%
- YTD
- 6.04%
- 6M
- 6.64%
- 1Y
- 17.03%
- 3Y*
- 19.00%
- 5Y*
- 8.74%
- 10Y*
- —
GLDI
- 1D
- 0.42%
- 1M
- -6.93%
- YTD
- -2.64%
- 6M
- -2.08%
- 1Y
- 14.82%
- 3Y*
- 17.80%
- 5Y*
- 10.20%
- 10Y*
- 8.20%
QQQH vs. GLDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | 6.04% | 14.17% | 25.98% | 30.96% | -28.35% | 9.76% | 18.62% | 0.47% |
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | -2.64% | 34.25% | 17.76% | 8.93% | -1.11% | -3.42% | 23.50% | 1.97% |
Correlation
The correlation between QQQH and GLDI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2019 | 0.12 |
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Return for Risk
QQQH vs. GLDI — Risk / Return Rank
QQQH
GLDI
QQQH vs. GLDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI). 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.
| QQQH | GLDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.20 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 1.05 | +1.41 |
| Martin ratioReturn relative to average drawdown | 10.33 | 3.77 | +6.55 |
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Drawdowns
QQQH vs. GLDI - Drawdown Comparison
The maximum QQQH drawdown since its inception was -31.24%, roughly equal to the maximum GLDI drawdown of -32.26%. Use the drawdown chart below to compare losses from any high point for QQQH and GLDI.
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Drawdown Indicators
| QQQH | GLDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.24% | -32.26% | +1.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -14.14% | +7.18% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | -14.14% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -31.24% | -14.14% | -17.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.94% | — |
Current DrawdownCurrent decline from peak | -1.75% | -11.63% | +9.88% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -13.99% | +5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 3.94% | -2.29% |
Volatility
QQQH vs. GLDI - Volatility Comparison
The current volatility for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) is 4.05%, while Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) has a volatility of 6.70%. This indicates that QQQH experiences smaller price fluctuations and is considered to be less risky than GLDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQH | GLDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 6.70% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 8.20% | 14.24% | -6.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.32% | 15.75% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.28% | 11.61% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 11.50% | +1.92% |
QQQH vs. GLDI - Expense Ratio Comparison
QQQH has a 0.68% expense ratio, which is higher than GLDI's 0.65% expense ratio.
Dividends
QQQH vs. GLDI - Dividend Comparison
QQQH's dividend yield for the trailing twelve months is around 8.89%, less than GLDI's 23.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 23.45% | 16.15% | 10.45% | 10.02% | 13.73% | 10.65% | 14.25% | 7.25% | 5.33% | 7.77% | 17.26% | 10.07% |
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | 8.89% | 8.86% | 7.53% | 7.18% | 9.05% | 7.77% | 7.48% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQH and GLDI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDI has higher volatility (6.70%) compared to QQQH (4.05%). In terms of maximum drawdown, QQQH dropped -31.24% vs GLDI's -32.26%.
On 5-year performance, GLDI leads with 10.20% vs 8.74% for QQQH. On fees, GLDI is cheaper at 0.65% per year. On volatility, QQQH has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GLDI has performed better with a 10.20% return vs 8.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLDI is cheaper with a 0.65% expense ratio, compared with 0.68% for QQQH.
GLDI has the higher dividend yield at 23.45%, compared with 8.89% for QQQH.
QQQH is categorized as Nasdaq-100, while GLDI is Precious Metals. They also come from different issuers: Neos and Credit Suisse. Their fees differ too: 0.68% for QQQH and 0.65% for GLDI.
QQQH currently has the higher Sharpe Ratio (1.66 vs 0.95), 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.
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