QQQH vs. NIHI

Last updated Jun 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 managed by Neos, while NIHI is a Derivative Income fund actively managed by Neos. A 0.68 correlation means they provide meaningful diversification when combined. 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 7.69% return, which is significantly higher than NIHI's 6.43% return.

QQQH

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

NIHI

• 1D: 0.56%
• 1M: 2.77%
• YTD: 6.43%
• 6M: 8.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQH vs. NIHI - Yearly Performance Comparison

	2026 (YTD)	2025
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	7.69%	3.18%
NIHI NEOS MSCI EAFE High Income ETF	6.43%	5.33%

Correlation

The correlation between QQQH and NIHI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.68

QQQH vs. NIHI - Sectors Allocation Comparison

Sectors	QQQH	NIHI
Technology	53.5%	10.2%
Communication Services	16.1%	4.5%
Consumer Cyclical	12.1%	8.2%
Consumer Defensive	7.6%	6.4%
Healthcare	4.1%	9.8%
Industrials	3.1%	20.5%
Utilities	1.3%	3.8%
Basic Materials	1.2%	6.6%
Energy	0.6%	4.0%
Financial Services	0.2%	22.9%
Real Estate	0.1%	3.1%

Return for Risk

QQQH vs. NIHI — Risk / Return Rank

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

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.

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.

	QQQH	NIHI	Difference
Sharpe ratio: Return per unit of total volatility	2.05	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.86	—	—
Martin ratio: Return relative to average drawdown	12.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QQQH	NIHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	1.16	-0.38

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	-0.22%	-0.59%	+0.37%
Average Drawdown Average peak-to-trough decline	-8.27%	-2.37%	-5.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	—	—

Volatility

Volatility by Period

	QQQH	NIHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.67%	15.08%	-5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.18%	15.08%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.37%	15.08%	-1.71%

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 8.76%, more than NIHI's 7.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
NIHI NEOS MSCI EAFE High Income ETF	7.79%	3.44%	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 QQQH and NIHI in my portfolio?

QQQH and NIHI have a correlation of 0.68, 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?

QQQH has the higher dividend yield at 8.76%, compared with 7.79% for NIHI.

What is the main difference between QQQH and NIHI?

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