QQQH vs. PDI
QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) is Nasdaq-100 fund managed by Neos, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 5 years, QQQH returned 8.74%/yr vs 2.19%/yr for PDI. At a 0.35 correlation, their price movements are largely independent.
Performance
QQQH vs. PDI - 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 PDI's -0.81% return.
QQQH
- 1D
- 0.43%
- 1M
- 0.39%
- YTD
- 6.04%
- 6M
- 6.64%
- 1Y
- 17.03%
- 3Y*
- 19.00%
- 5Y*
- 8.74%
- 10Y*
- —
PDI
- 1D
- -0.79%
- 1M
- -3.50%
- YTD
- -0.81%
- 6M
- -0.75%
- 1Y
- 0.14%
- 3Y*
- 10.87%
- 5Y*
- 2.19%
- 10Y*
- 7.55%
QQQH vs. PDI - 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% |
PDI PIMCO Dynamic Income Fund | -0.81% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | -0.37% |
Correlation
The correlation between QQQH and PDI is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2019 | 0.35 |
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Return for Risk
QQQH vs. PDI — Risk / Return Rank
QQQH
PDI
QQQH vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and PIMCO Dynamic Income Fund (PDI). 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 | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.01 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 0.01 | +2.45 |
| Martin ratioReturn relative to average drawdown | 10.33 | 0.03 | +10.30 |
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Drawdowns
QQQH vs. PDI - Drawdown Comparison
The maximum QQQH drawdown since its inception was -31.24%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for QQQH and PDI.
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Drawdown Indicators
| QQQH | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.24% | -46.47% | +15.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -10.95% | +3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | -17.55% | +2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -31.24% | -27.19% | -4.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.47% | — |
Current DrawdownCurrent decline from peak | -1.75% | -8.56% | +6.81% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -6.22% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 5.09% | -3.44% |
Volatility
QQQH vs. PDI - Volatility Comparison
NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) has a higher volatility of 4.05% compared to PIMCO Dynamic Income Fund (PDI) at 3.31%. This indicates that QQQH's price experiences larger fluctuations and is considered to be riskier than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQH | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 3.31% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.20% | 8.27% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.32% | 11.31% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.28% | 15.53% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 19.04% | -5.62% |
Dividends
QQQH vs. PDI - Dividend Comparison
QQQH's dividend yield for the trailing twelve months is around 8.89%, less than PDI's 16.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDI PIMCO Dynamic Income Fund | 16.24% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
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 PDI have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQH has higher volatility (4.05%) compared to PDI (3.31%). In terms of maximum drawdown, QQQH dropped -31.24% vs PDI's -46.47%.
QQQH currently has the higher Sharpe Ratio (1.66 vs 0.01), 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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