QQQH vs. NIHI

Last updated Aug 5, 2026

QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) and NIHI (NEOS MSCI EAFE High Income ETF) are both exchange-traded funds - QQQH is a Nasdaq-100 fund actively managed by Neos, while NIHI is a Derivative Income fund actively managed by Neos. Both are actively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.68% expense ratio.

Performance

QQQH vs. NIHI - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQH achieves a 6.32% return, which is significantly lower than NIHI's 10.31% return.

QQQH

• 1D: 1.44%
• 1M: 0.44%
• 6M: 6.29%
• YTD: 6.32%
• 1Y: 13.37%
• 3Y*: 18.06%
• 5Y*: 7.57%
• 10Y*: —
• ALL TIME*: 9.98%

NIHI

• 1D: 0.94%
• 1M: 2.59%
• 6M: 5.99%
• YTD: 10.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NIHI NEOS MSCI EAFE High Income ETF	$2.18M	$2.19M	$2.32M
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	$1.75M	$1.56M	$1.79M

QQQH vs. NIHI - Yearly Performance Comparison

	2026 (YTD)	2025
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	6.32%	3.20%
NIHI NEOS MSCI EAFE High Income ETF	10.31%	4.89%

Correlation

The correlation between QQQH and NIHI is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025	0.70

QQQH vs. NIHI - Sectors Allocation Comparison

Sectors	QQQH	NIHI
Technology	57.9%	12.6%
Communication Services	11.8%	4.3%
Consumer Cyclical	9.8%	8.1%
Consumer Defensive	6.4%	6.5%
Industrials	4.0%	19.7%
Healthcare	3.6%	9.8%
Utilities	1.2%	3.5%
Basic Materials	1.0%	6.3%
Energy	0.5%	3.3%
Financial Services	0.2%	23.1%
Real Estate	0.1%	2.8%

Return for Risk

QQQH vs. NIHI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQH

QQQH Risk / Return Rank: 45
QQQH Sharpe Ratio Rank: 42
QQQH Sortino Ratio Rank: 40
QQQH Omega Ratio Rank: 40
QQQH Calmar Ratio Rank: 48
QQQH Martin Ratio Rank: 54

NIHI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQH vs. NIHI - 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 MSCI EAFE High Income ETF (NIHI). 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	NIHI	Difference
Sharpe ratio: Return per unit of total volatility	1.17	—	—
Sortino ratio: Return per unit of downside risk	1.65	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.93	—	—
Martin ratio: Return relative to average drawdown	7.08	—	—

Drawdowns

QQQH vs. NIHI - Drawdown Comparison

The maximum QQQH drawdown since its inception was -31.24%, which is greater than NIHI's maximum drawdown of -10.88%. Use the drawdown chart below to compare losses from any high point for QQQH and NIHI.

Drawdown Indicators

	QQQH	NIHI	Difference
Max Drawdown Largest peak-to-trough decline	-31.24%	-10.88%	-20.36%
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 Drawdown Current decline from peak	-1.49%	0.00%	-1.49%
Average Drawdown Average peak-to-trough decline	-8.11%	-2.11%	-6.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	—	—

Volatility

Volatility by Period

	QQQH	NIHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.50%	14.85%	-3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.47%	14.85%	-1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.47%	14.85%	-1.38%

QQQH vs. NIHI - Expense Ratio Comparison

Both QQQH and NIHI have an expense ratio of 0.68%.

Dividends

QQQH vs. NIHI - Dividend Comparison

QQQH's dividend yield for the trailing twelve months is around 8.97%, less than NIHI's 9.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
NIHI NEOS MSCI EAFE High Income ETF	9.23%	3.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	8.97%	8.86%	7.53%	7.18%	9.05%	7.77%	7.48%	0.65%

Frequently Asked Questions

Can I hold both QQQH and NIHI in my portfolio?

QQQH and NIHI have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQH or NIHI?

Both ETFs have the same 0.68% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQH or NIHI?

QQQH and NIHI have the same expense ratio: 0.68% per year.

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

NIHI has the higher dividend yield at 9.23%, compared with 8.97% for QQQH.

What is the main difference between QQQH and NIHI?

QQQH is categorized as Nasdaq-100, while NIHI is Derivative Income.