QQQH vs. SDEM

Last updated Jun 13, 2026

QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) and SDEM (Global X MSCI SuperDividend Emerging Markets ETF) are both exchange-traded funds - QQQH is a Nasdaq-100 fund managed by Neos, while SDEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Top 50 Dividend. Over the past 5 years, QQQH returned 8.74%/yr vs 4.51%/yr for SDEM. At a 0.42 correlation, their price movements are largely independent. QQQH charges 0.68%/yr vs 0.67%/yr for SDEM.

Performance

QQQH vs. SDEM - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQH achieves a 6.04% return, which is significantly lower than SDEM's 11.17% return.

QQQH

• 1D: 0.43%
• 1M: 0.39%
• YTD: 6.04%
• 6M: 6.64%
• 1Y: 17.03%
• 3Y*: 19.00%
• 5Y*: 8.74%
• 10Y*: —

SDEM

• 1D: 0.93%
• 1M: 0.85%
• YTD: 11.17%
• 6M: 12.41%
• 1Y: 28.12%
• 3Y*: 19.18%
• 5Y*: 4.51%
• 10Y*: 5.26%

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

QQQH vs. SDEM - 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%
SDEM Global X MSCI SuperDividend Emerging Markets ETF	11.17%	32.01%	4.02%	12.64%	-21.53%	2.11%	-11.13%	2.56%

Correlation

The correlation between QQQH and SDEM is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Dec 20, 2019	0.42

The correlation between QQQH and SDEM shifts across timeframes, from 0.40 (5 years) to 0.53 (1 year), reflecting how their relationship changes across market environments.

QQQH vs. SDEM - Sectors Allocation Comparison

Sectors	QQQH	SDEM
Technology	53.5%	2.6%
Communication Services	16.1%	5.7%
Consumer Cyclical	12.1%	3.7%
Consumer Defensive	7.6%	5.5%
Healthcare	4.1%	1.8%
Industrials	3.1%	11.5%
Utilities	1.3%	7.1%
Basic Materials	1.2%	3.9%
Energy	0.6%	3.5%
Financial Services	0.2%	25.9%
Real Estate	0.1%	5.2%

Return for Risk

QQQH vs. SDEM — Risk / Return Rank

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

QQQH

QQQH Risk / Return Rank: 58
QQQH Sharpe Ratio Rank: 56
QQQH Sortino Ratio Rank: 52
QQQH Omega Ratio Rank: 59
QQQH Calmar Ratio Rank: 56
QQQH Martin Ratio Rank: 65

SDEM

SDEM Risk / Return Rank: 69
SDEM Sharpe Ratio Rank: 72
SDEM Sortino Ratio Rank: 72
SDEM Omega Ratio Rank: 67
SDEM Calmar Ratio Rank: 71
SDEM Martin Ratio Rank: 64

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. SDEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) and Global X MSCI SuperDividend Emerging Markets ETF (SDEM). 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	SDEM	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.03	-0.37
Sortino ratio: Return per unit of downside risk	2.25	2.83	-0.58
Omega ratio: Gain probability vs. loss probability	1.31	1.35	-0.04
Calmar ratio: Return relative to maximum drawdown	2.46	3.13	-0.67
Martin ratio: Return relative to average drawdown	10.33	10.28	+0.05

QQQH vs. SDEM - Sharpe Ratio Comparison

The current QQQH Sharpe Ratio is 1.66, which is comparable to the SDEM Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of QQQH and SDEM, 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. SDEM - Drawdown Comparison

The maximum QQQH drawdown since its inception was -31.24%, smaller than the maximum SDEM drawdown of -47.38%. Use the drawdown chart below to compare losses from any high point for QQQH and SDEM.

Drawdown Indicators

	QQQH	SDEM	Difference
Max Drawdown Largest peak-to-trough decline	-31.24%	-47.38%	+16.14%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-9.03%	+2.07%
Max Drawdown (3Y) Largest decline over 3 years	-15.18%	-12.34%	-2.84%
Max Drawdown (5Y) Largest decline over 5 years	-31.24%	-36.25%	+5.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.38%	—
Current Drawdown Current decline from peak	-1.75%	-3.49%	+1.74%
Average Drawdown Average peak-to-trough decline	-8.24%	-20.66%	+12.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	2.74%	-1.09%

Volatility

QQQH vs. SDEM - Volatility Comparison

The current volatility for NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) is 4.05%, while Global X MSCI SuperDividend Emerging Markets ETF (SDEM) has a volatility of 4.90%. This indicates that QQQH experiences smaller price fluctuations and is considered to be less risky than SDEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQH	SDEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	4.90%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	8.20%	11.48%	-3.28%
Volatility (1Y) Calculated over the trailing 1-year period	10.32%	13.91%	-3.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.28%	17.47%	-4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.42%	19.22%	-5.80%

QQQH vs. SDEM - Expense Ratio Comparison

QQQH has a 0.68% expense ratio, which is higher than SDEM's 0.67% expense ratio.

Dividends

QQQH vs. SDEM - Dividend Comparison

QQQH's dividend yield for the trailing twelve months is around 8.89%, more than SDEM's 4.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SDEM Global X MSCI SuperDividend Emerging Markets ETF	4.99%	5.27%	7.28%	7.50%	8.86%	8.14%	6.30%	6.47%	6.55%	5.01%	5.06%	6.14%

Frequently Asked Questions

Can I hold both QQQH and SDEM in my portfolio?

QQQH and SDEM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQH or SDEM?

SDEM has higher volatility (4.90%) compared to QQQH (4.05%). In terms of maximum drawdown, QQQH dropped -31.24% vs SDEM's -47.38%.

Which ETF is better, QQQH or SDEM?

On 5-year performance, QQQH leads with 8.74% vs 4.51% for SDEM. On fees, SDEM is cheaper at 0.67% per year. On volatility, QQQH has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQH or SDEM?

Over the 5-year period, QQQH has performed better with a 8.74% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQH or SDEM?

SDEM is cheaper with a 0.67% expense ratio, compared with 0.68% for QQQH.

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

QQQH has the higher dividend yield at 8.89%, compared with 4.99% for SDEM.

What is the main difference between QQQH and SDEM?

QQQH is categorized as Nasdaq-100, while SDEM is Emerging Markets Equities. They also come from different issuers: Neos and Global X. Their fees differ too: 0.68% for QQQH and 0.67% for SDEM.

Which has better risk-adjusted returns?

SDEM currently has the higher Sharpe Ratio (2.03 vs 1.66), 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.