QQQH vs. MLPI
QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - QQQH is a Nasdaq-100 fund managed by Neos, while MLPI is a Energy Equities fund actively managed by Neos. At a correlation of -0.15, they often move in opposite directions. Both charge a 0.68% expense ratio.
Performance
QQQH vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, QQQH achieves a 7.91% return, which is significantly lower than MLPI's 17.58% return.
QQQH
- 1D
- -0.02%
- 1M
- 4.93%
- YTD
- 7.91%
- 6M
- 7.82%
- 1Y
- 20.09%
- 3Y*
- 20.71%
- 5Y*
- 9.42%
- 10Y*
- —
MLPI
- 1D
- 0.04%
- 1M
- -3.13%
- YTD
- 17.58%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQH vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | 7.91% | 1.07% |
MLPI Neos MLP & Energy Infrastructure High Income ETF | 17.58% | 0.56% |
Correlation
The correlation between QQQH and MLPI is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025 | -0.15 |
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Return for Risk
QQQH vs. MLPI — Risk / Return Rank
QQQH
MLPI
QQQH vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). 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.
| QQQH | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | — | — |
| Martin ratioReturn relative to average drawdown | 12.60 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQH | MLPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 3.49 | -2.70 |
Drawdowns
QQQH vs. MLPI - Drawdown Comparison
The maximum QQQH drawdown since its inception was -31.24%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for QQQH and MLPI.
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Drawdown Indicators
| QQQH | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.24% | -5.38% | -25.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.24% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -3.84% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -1.27% | -7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | — | — |
Volatility
QQQH vs. MLPI - Volatility Comparison
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Volatility by Period
| QQQH | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.67% | 13.05% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 13.05% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.37% | 13.05% | +0.32% |
QQQH vs. MLPI - Expense Ratio Comparison
Both QQQH and MLPI have an expense ratio of 0.68%.
Dividends
QQQH vs. MLPI - Dividend Comparison
QQQH's dividend yield for the trailing twelve months is around 8.74%, more than MLPI's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
MLPI Neos MLP & Energy Infrastructure High Income ETF | 6.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF | 8.74% | 8.86% | 7.53% | 7.18% | 9.05% | 7.77% | 7.48% | 0.65% |
Frequently Asked Questions
QQQH and MLPI have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.68% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QQQH and MLPI have the same expense ratio: 0.68% per year.
QQQH has the higher dividend yield at 8.74%, compared with 6.04% for MLPI.
QQQH is categorized as Nasdaq-100, while MLPI is Energy Equities.
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