QQQH vs. QQQI

Last updated Jul 31, 2026

QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both Nasdaq-100 funds from Neos. Both are actively managed. Over the past year, QQQH returned 10.02% vs 14.79% for QQQI. Their correlation of 0.94 means they have usually moved in the same direction. Both charge a 0.68% expense ratio.

Performance

QQQH vs. QQQI - 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 Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQH achieves a 3.59% return, which is significantly lower than QQQI's 6.18% return.

QQQH

• 1D: 1.91%
• 1M: -3.71%
• 6M: 2.10%
• YTD: 3.59%
• 1Y: 10.02%
• 3Y*: 16.69%
• 5Y*: 7.28%
• 10Y*: —
• ALL TIME*: 9.56%

QQQI

• 1D: 3.29%
• 1M: -6.16%
• 6M: 4.01%
• YTD: 6.18%
• 1Y: 14.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.77%

*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)
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	$1.63M	$1.64M	$1.78M
QQQI NEOS Nasdaq-100 High Income ETF	$353.44M	$329.06M	$358.77M

QQQH vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	3.59%	14.17%	21.21%
QQQI NEOS Nasdaq-100 High Income ETF	6.18%	18.62%	19.44%

Correlation

The correlation between QQQH and QQQI is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024	0.94

The correlation between QQQH and QQQI has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

QQQH vs. QQQI - Sectors Allocation Comparison

Sectors	QQQH	QQQI
Technology	58.6%	59.9%
Communication Services	12.4%	12.5%
Consumer Cyclical	10.4%	10.4%
Consumer Defensive	6.3%	6.3%
Industrials	3.7%	4.0%
Healthcare	3.5%	3.6%
Utilities	1.2%	1.1%
Basic Materials	1.0%	1.0%
Energy	0.5%	0.5%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QQQH vs. QQQI — Risk / Return Rank

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

QQQH

QQQH Risk / Return Rank: 40
QQQH Sharpe Ratio Rank: 37
QQQH Sortino Ratio Rank: 35
QQQH Omega Ratio Rank: 36
QQQH Calmar Ratio Rank: 43
QQQH Martin Ratio Rank: 49

QQQI

QQQI Risk / Return Rank: 42
QQQI Sharpe Ratio Rank: 39
QQQI Sortino Ratio Rank: 37
QQQI Omega Ratio Rank: 38
QQQI Calmar Ratio Rank: 46
QQQI Martin Ratio Rank: 51

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. QQQI - 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 Nasdaq-100 High Income ETF (QQQI). 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	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	0.88	0.91	-0.03
Sortino ratio: Return per unit of downside risk	1.26	1.32	-0.06
Omega ratio: Gain probability vs. loss probability	1.16	1.17	-0.01
Calmar ratio: Return relative to maximum drawdown	1.45	1.55	-0.10
Martin ratio: Return relative to average drawdown	5.37	5.62	-0.25

QQQH vs. QQQI - Sharpe Ratio Comparison

The current QQQH Sharpe Ratio is 0.88, which is comparable to the QQQI Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of QQQH and QQQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQH vs. QQQI - Drawdown Comparison

The maximum QQQH drawdown since its inception was -31.24%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for QQQH and QQQI.

Drawdown Indicators

	QQQH	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-31.24%	-20.00%	-11.24%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-9.61%	+2.65%
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	-4.02%	-6.56%	+2.54%
Average Drawdown Average peak-to-trough decline	-8.12%	-2.27%	-5.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.64%	-0.77%

Volatility

QQQH vs. QQQI - Volatility Comparison

The current volatility for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) is 4.03%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 6.51%. This indicates that QQQH experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQH	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	6.51%	-2.48%
Volatility (6M) Calculated over the trailing 6-month period	9.28%	13.65%	-4.37%
Volatility (1Y) Calculated over the trailing 1-year period	11.47%	16.34%	-4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.45%	17.76%	-4.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.46%	17.76%	-4.30%

QQQH vs. QQQI - Expense Ratio Comparison

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

Dividends

QQQH vs. QQQI - Dividend Comparison

QQQH's dividend yield for the trailing twelve months is around 9.21%, less than QQQI's 14.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	9.21%	8.86%	7.53%	7.18%	9.05%	7.77%	7.48%	0.65%
QQQI NEOS Nasdaq-100 High Income ETF	14.47%	13.82%	12.85%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQH and QQQI in my portfolio?

With a correlation of 0.98, QQQH and QQQI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QQQH or QQQI?

QQQI has higher volatility (6.51%) compared to QQQH (4.03%). In terms of maximum drawdown, QQQH dropped -31.24% vs QQQI's -20.00%.

Which ETF is better, QQQH or QQQI?

On 1-year performance, QQQI leads with 14.79% vs 10.02% for QQQH. Both ETFs have the same 0.68% expense ratio. On volatility, QQQH has been the lower-risk option at 4.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQH or QQQI?

Over the 1-year period, QQQI has performed better with a 14.79% return vs 10.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQH or QQQI?

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

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

QQQI has the higher dividend yield at 14.47%, compared with 9.21% for QQQH.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (0.91 vs 0.88), 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.