QQQI vs. ECAT
QQQI (NEOS Nasdaq-100 High Income ETF) and ECAT (BlackRock ESG Capital Allocation Term Trust) are both funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while ECAT is a Derivative Income fund managed by BlackRock. Over the past year, QQQI returned 27.00% vs 19.89% for ECAT. A 0.64 correlation means they provide meaningful diversification when combined. QQQI charges 0.68%/yr vs 1.38%/yr for ECAT.
Performance
QQQI vs. ECAT - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QQQI having a 10.58% return and ECAT slightly higher at 10.66%.
QQQI
- 1D
- 0.70%
- 1M
- -0.22%
- YTD
- 10.58%
- 6M
- 11.20%
- 1Y
- 27.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ECAT
- 1D
- 2.30%
- 1M
- 3.12%
- YTD
- 10.66%
- 6M
- 10.05%
- 1Y
- 19.89%
- 3Y*
- 18.39%
- 5Y*
- —
- 10Y*
- —
QQQI vs. ECAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 10.58% | 18.62% | 19.44% |
ECAT BlackRock ESG Capital Allocation Term Trust | 10.66% | 16.64% | 14.00% |
Correlation
The correlation between QQQI and ECAT is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.64 |
The correlation between QQQI and ECAT has been stable across timeframes, ranging from 0.62 to 0.64 - a consistent structural relationship.
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Return for Risk
QQQI vs. ECAT — Risk / Return Rank
QQQI
ECAT
QQQI vs. ECAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and BlackRock ESG Capital Allocation Term Trust (ECAT). 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.
| QQQI | ECAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.56 | +1.15 |
| Martin ratioReturn relative to average drawdown | 11.63 | 5.79 | +5.84 |
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Drawdowns
QQQI vs. ECAT - Drawdown Comparison
The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum ECAT drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for QQQI and ECAT.
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Drawdown Indicators
| QQQI | ECAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.00% | -32.23% | +12.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -11.80% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.79% | — |
Current DrawdownCurrent decline from peak | -2.69% | -1.71% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -9.07% | +6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 3.18% | -0.95% |
Volatility
QQQI vs. ECAT - Volatility Comparison
NEOS Nasdaq-100 High Income ETF (QQQI) has a higher volatility of 6.10% compared to BlackRock ESG Capital Allocation Term Trust (ECAT) at 4.46%. This indicates that QQQI's price experiences larger fluctuations and is considered to be riskier than ECAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQI | ECAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 4.46% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 11.35% | 10.92% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.10% | 13.77% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 16.91% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 16.91% | +0.43% |
QQQI vs. ECAT - Expense Ratio Comparison
QQQI has a 0.68% expense ratio, which is lower than ECAT's 1.38% expense ratio.
Dividends
QQQI vs. ECAT - Dividend Comparison
QQQI's dividend yield for the trailing twelve months is around 13.53%, less than ECAT's 21.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ECAT BlackRock ESG Capital Allocation Term Trust | 19.91% | 23.00% | 17.44% | 9.14% | 8.94% | 0.54% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.53% | 13.82% | 12.85% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQI and ECAT have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQI has higher volatility (6.10%) compared to ECAT (4.46%). In terms of maximum drawdown, QQQI dropped -20.00% vs ECAT's -32.23%.
QQQI currently has the higher Sharpe Ratio (1.84 vs 1.33), 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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