QQQH vs. QQQM

Last updated Apr 2, 2026

Compare and contrast key facts about NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and Invesco NASDAQ 100 ETF (QQQM).

QQQH and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQH is managed by Neos. It was launched on Dec 19, 2019. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.

Performance

QQQH vs. QQQM - Performance Comparison

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

QQQH vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	-2.89%	14.17%	25.98%	30.96%	-28.35%	9.76%	3.24%
QQQM Invesco NASDAQ 100 ETF	-4.75%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.67%

Returns By Period

In the year-to-date period, QQQH achieves a -2.89% return, which is significantly higher than QQQM's -4.75% return.

QQQH

• 1D: 0.61%
• 1M: -2.69%
• YTD: -2.89%
• 6M: -1.20%
• 1Y: 15.34%
• 3Y*: 19.08%
• 5Y*: 7.57%
• 10Y*: —

QQQM

• 1D: 1.24%
• 1M: -3.78%
• YTD: -4.75%
• 6M: -2.87%
• 1Y: 24.28%
• 3Y*: 22.91%
• 5Y*: 13.24%
• 10Y*: —

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

QQQH vs. QQQM - Expense Ratio Comparison

QQQH has a 0.68% expense ratio, which is higher than QQQM's 0.15% expense ratio.

QQQH

NEOS Nasdaq-100 Hedged Equity Income ETF

QQQM

Invesco NASDAQ 100 ETF

Return for Risk

QQQH vs. QQQM — Risk / Return Rank

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

QQQH

QQQH Risk / Return Rank: 65
QQQH Sharpe Ratio Rank: 57
QQQH Sortino Ratio Rank: 61
QQQH Omega Ratio Rank: 63
QQQH Calmar Ratio Rank: 67
QQQH Martin Ratio Rank: 75

QQQM

QQQM Risk / Return Rank: 66
QQQM Sharpe Ratio Rank: 59
QQQM Sortino Ratio Rank: 63
QQQM Omega Ratio Rank: 63
QQQM Calmar Ratio Rank: 75
QQQM Martin Ratio Rank: 69

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. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and Invesco NASDAQ 100 ETF (QQQM). 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	QQQM	Difference
Sharpe ratio Return per unit of total volatility	1.05	1.09	-0.04
Sortino ratio Return per unit of downside risk	1.61	1.68	-0.07
Omega ratio Gain probability vs. loss probability	1.24	1.24	0.00
Calmar ratio Return relative to maximum drawdown	1.78	2.02	-0.24
Martin ratio Return relative to average drawdown	8.30	7.35	+0.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQH vs. QQQM - Sharpe Ratio Comparison

The current QQQH Sharpe Ratio is 1.05, which is comparable to the QQQM Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of QQQH and QQQM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQH	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.09	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.60	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.64	+0.03

Correlation

The correlation between QQQH and QQQM is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QQQH vs. QQQM - Dividend Comparison

QQQH's dividend yield for the trailing twelve months is around 9.43%, more than QQQM's 0.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	9.43%	8.86%	7.53%	7.18%	9.05%	7.77%	7.48%	0.65%
QQQM Invesco NASDAQ 100 ETF	0.53%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%

Drawdowns

QQQH vs. QQQM - Drawdown Comparison

The maximum QQQH drawdown since its inception was -31.24%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for QQQH and QQQM.

Drawdown Indicators

	QQQH	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-31.24%	-35.04%	+3.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.87%	-12.55%	+3.68%
Max Drawdown (5Y) Largest decline over 5 years	-31.24%	-35.04%	+3.80%
Current Drawdown Current decline from peak	-4.37%	-7.86%	+3.49%
Average Drawdown Average peak-to-trough decline	-8.48%	-8.47%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	3.44%	-1.54%

Volatility

QQQH vs. QQQM - Volatility Comparison

The current volatility for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) is 4.49%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 6.58%. This indicates that QQQH experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQH	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	6.58%	-2.09%
Volatility (6M) Calculated over the trailing 6-month period	8.37%	12.79%	-4.42%
Volatility (1Y) Calculated over the trailing 1-year period	14.74%	22.45%	-7.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.40%	22.24%	-8.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.51%	22.26%	-8.75%