QQQI vs. GLDM

Last updated Jun 9, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and GLDM (SPDR Gold MiniShares Trust) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while GLDM is a Gold fund tracking the LBMA Gold Price PM. QQQI is actively managed, while GLDM is passively managed. Over the past year, QQQI returned 25.86% vs 30.55% for GLDM. At a 0.11 correlation, their price movements are largely independent. QQQI charges 0.68%/yr vs 0.10%/yr for GLDM.

Performance

QQQI vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq-100 High Income ETF (QQQI) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQI achieves a 9.93% return, which is significantly higher than GLDM's 0.30% return.

QQQI

• 1D: 1.27%
• 1M: -0.05%
• YTD: 9.93%
• 6M: 9.25%
• 1Y: 25.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDM

• 1D: 0.25%
• 1M: -8.41%
• YTD: 0.30%
• 6M: 3.19%
• 1Y: 30.55%
• 3Y*: 30.08%
• 5Y*: 17.89%
• 10Y*: —

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

QQQI vs. GLDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	9.93%	18.62%	19.83%
GLDM SPDR Gold MiniShares Trust	0.30%	64.20%	28.78%

Correlation

The correlation between QQQI and GLDM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.11

QQQI vs. GLDM - Sectors Allocation Comparison

Sectors	QQQI	GLDM
Technology	53.3%	-
Communication Services	15.7%	-
Consumer Cyclical	12.1%	-
Consumer Defensive	7.7%	-
Healthcare	4.3%	-
Industrials	3.3%	-
Utilities	1.5%	-
Basic Materials	1.2%	100.0%
Energy	0.7%	-
Financial Services	0.3%	-
Real Estate	0.1%	-

Return for Risk

QQQI vs. GLDM — Risk / Return Rank

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

QQQI

QQQI Risk / Return Rank: 64
QQQI Sharpe Ratio Rank: 63
QQQI Sortino Ratio Rank: 58
QQQI Omega Ratio Rank: 66
QQQI Calmar Ratio Rank: 60
QQQI Martin Ratio Rank: 71

GLDM

GLDM Risk / Return Rank: 34
GLDM Sharpe Ratio Rank: 35
GLDM Sortino Ratio Rank: 31
GLDM Omega Ratio Rank: 39
GLDM Calmar Ratio Rank: 34
GLDM Martin Ratio Rank: 29

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.

QQQI vs. GLDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and SPDR Gold MiniShares Trust (GLDM). 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.

	QQQI	GLDM	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.15	+0.75
Sortino ratio: Return per unit of downside risk	2.48	1.54	+0.95
Omega ratio: Gain probability vs. loss probability	1.36	1.23	+0.12
Calmar ratio: Return relative to maximum drawdown	2.70	1.53	+1.17
Martin ratio: Return relative to average drawdown	11.98	3.85	+8.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQI vs. GLDM - Sharpe Ratio Comparison

The current QQQI Sharpe Ratio is 1.91, which is higher than the GLDM Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of QQQI and GLDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQI	GLDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	1.15	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	0.99	+0.23

Drawdowns

QQQI vs. GLDM - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum GLDM drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for QQQI and GLDM.

Drawdown Indicators

	QQQI	GLDM	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-21.63%	+1.63%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-20.00%	+10.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.92%	—
Current Drawdown Current decline from peak	-3.26%	-19.80%	+16.54%
Average Drawdown Average peak-to-trough decline	-2.20%	-6.24%	+4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	7.96%	-5.80%

Volatility

QQQI vs. GLDM - Volatility Comparison

The current volatility for NEOS Nasdaq-100 High Income ETF (QQQI) is 5.07%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 5.65%. This indicates that QQQI experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQI	GLDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	5.65%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	10.75%	23.31%	-12.56%
Volatility (1Y) Calculated over the trailing 1-year period	13.65%	26.65%	-13.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	17.98%	-0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	16.89%	+0.36%

QQQI vs. GLDM - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is higher than GLDM's 0.10% expense ratio.

Dividends

QQQI vs. GLDM - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 13.61%, while GLDM has not paid dividends to shareholders.

Position	TTM	2025	2024
GLDM SPDR Gold MiniShares Trust	0.00%	0.00%	0.00%
QQQI NEOS Nasdaq-100 High Income ETF	13.61%	13.82%	12.85%

Frequently Asked Questions

Can I hold both QQQI and GLDM in my portfolio?

QQQI and GLDM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQI or GLDM?

GLDM has higher volatility (5.65%) compared to QQQI (5.07%). In terms of maximum drawdown, QQQI dropped -20.00% vs GLDM's -21.63%.

Which ETF is better, QQQI or GLDM?

On 1-year performance, GLDM leads with 30.55% vs 25.86% for QQQI. On fees, GLDM is cheaper at 0.10% per year. On volatility, QQQI has been the lower-risk option at 5.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQI or GLDM?

Over the 1-year period, GLDM has performed better with a 30.55% return vs 25.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQI or GLDM?

GLDM is cheaper with a 0.10% expense ratio, compared with 0.68% for QQQI.

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

QQQI has the higher dividend yield at 13.61%, compared with 0.00% for GLDM.

What is the main difference between QQQI and GLDM?

QQQI is categorized as Nasdaq-100, while GLDM is Gold. They also come from different issuers: Neos and State Street. Their fees differ too: 0.68% for QQQI and 0.10% for GLDM.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (1.91 vs 1.15), 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.