QQQH vs. IWMI
Compare and contrast key facts about NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and NEOS Russell 2000 High Income ETF (IWMI).
QQQH and IWMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQH is managed by Neos. It was launched on Dec 19, 2019. IWMI is an actively managed fund by Neos. It was launched on Jun 24, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQH or IWMI.
Correlation
The correlation between QQQH and IWMI is 0.79, 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.
Performance
QQQH vs. IWMI - Performance Comparison
Key characteristics
QQQH:
124.15%
IWMI:
21.27%
QQQH:
-52.73%
IWMI:
-23.88%
QQQH:
-6.93%
IWMI:
-15.26%
Returns By Period
In the year-to-date period, QQQH achieves a -3.37% return, which is significantly higher than IWMI's -8.64% return.
QQQH
-3.37%
0.81%
0.03%
14.86%
6.78%
N/A
IWMI
-8.64%
-2.01%
-10.16%
N/A
N/A
N/A
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QQQH vs. IWMI - Expense Ratio Comparison
Both QQQH and IWMI have an expense ratio of 0.68%.
Risk-Adjusted Performance
QQQH vs. IWMI — Risk-Adjusted Performance Rank
QQQH
IWMI
QQQH vs. IWMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and NEOS Russell 2000 High Income ETF (IWMI). 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.
Not enough dataDividends
QQQH vs. IWMI - Dividend Comparison
QQQH's dividend yield for the trailing twelve months is around 8.62%, less than IWMI's 15.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | 8.62% | 7.52% | 7.17% | 9.05% | 7.77% | 7.48% | 0.65% |
IWMI NEOS Russell 2000 High Income ETF | 15.39% | 8.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQQH vs. IWMI - Drawdown Comparison
The maximum QQQH drawdown since its inception was -52.73%, which is greater than IWMI's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for QQQH and IWMI. For additional features, visit the drawdowns tool.
Volatility
QQQH vs. IWMI - Volatility Comparison
The current volatility for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) is 11.45%, while NEOS Russell 2000 High Income ETF (IWMI) has a volatility of 12.78%. This indicates that QQQH experiences smaller price fluctuations and is considered to be less risky than IWMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.