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QQQI vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQI vs. HDV

Last updated Jun 16, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. QQQI is actively managed, while HDV is passively managed. Over the past year, QQQI returned 30.39% vs 20.60% for HDV. At a 0.09 correlation, their price movements are largely independent. QQQI charges 0.68%/yr vs 0.08%/yr for HDV.

Performance

QQQI vs. HDV - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with QQQI having a 13.53% return and HDV slightly higher at 14.11%.

QQQI

1D
2.67%
1M
3.39%
YTD
13.53%
6M
14.57%
1Y
30.39%
3Y*
—
5Y*
—
10Y*
—

HDV

1D
-1.03%
1M
1.04%
YTD
14.11%
6M
13.57%
1Y
20.60%
3Y*
14.34%
5Y*
10.83%
10Y*
9.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQI vs. HDV - Yearly Performance Comparison

2026 (YTD)20252024
QQQI
NEOS Nasdaq-100 High Income ETF		13.53%18.62%19.44%
HDV
iShares Core High Dividend ETF		14.11%11.90%11.67%

Correlation

The correlation between QQQI and HDV is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.05

Correlation (All Time)
Calculated using the full available price history since Jan 30, 2024

0.09

The correlation between QQQI and HDV shifts across timeframes, from -0.05 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

QQQI vs. HDV - Sectors Allocation Comparison

Sectors
QQQI
HDV

Technology

58.1%
9.7%

Communication Services

14.2%
0.1%

Consumer Cyclical

11.3%
6.0%

Consumer Defensive

6.5%
24.2%

Healthcare

3.9%
17.0%

Industrials

3.0%
1.3%

Utilities

1.3%
8.9%

Basic Materials

1.0%
1.1%

Energy

0.5%
21.0%

Financial Services

0.2%
10.8%

Real Estate

0.1%

-

Technology

QQQI
58.1%
HDV
9.7%

Communication Services

QQQI
14.2%
HDV
0.1%

Consumer Cyclical

QQQI
11.3%
HDV
6.0%

Consumer Defensive

QQQI
6.5%
HDV
24.2%

Healthcare

QQQI
3.9%
HDV
17.0%

Industrials

QQQI
3.0%
HDV
1.3%

Utilities

QQQI
1.3%
HDV
8.9%

Basic Materials

QQQI
1.0%
HDV
1.1%

Energy

QQQI
0.5%
HDV
21.0%

Financial Services

QQQI
0.2%
HDV
10.8%

Real Estate

QQQI
0.1%
HDV

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

NEOS Nasdaq-100 High Income ETF

iShares Core High Dividend ETF

Often compared with QQQI:
QQQI vs. JEPQQQQI vs. QQQQQQI vs. SPYIQQQI vs. GPIQQQQI vs. JEPIQQQI vs. SCHDQQQI vs. QQQY
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

QQQI vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQI
QQQI Risk / Return Rank: 7474
Overall Rank
QQQI Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
QQQI Sortino Ratio Rank: 6969
Sortino Ratio Rank
QQQI Omega Ratio Rank: 7676
Omega Ratio Rank
QQQI Calmar Ratio Rank: 7070
Calmar Ratio Rank
QQQI Martin Ratio Rank: 7979
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 7474
Overall Rank
HDV Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 7979
Sortino Ratio Rank
HDV Omega Ratio Rank: 6868
Omega Ratio Rank
HDV Calmar Ratio Rank: 8383
Calmar Ratio Rank
HDV Martin Ratio Rank: 6767
Martin Ratio Rank
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. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and iShares Core High Dividend ETF (HDV). 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.

QQQIHDVDifference
Sharpe ratioReturn per unit of total volatility
2.14
2.12

+0.02

Sortino ratioReturn per unit of downside risk
2.81
3.12

-0.32

Omega ratioGain probability vs. loss probability

1.40

1.36

+0.04

Calmar ratioReturn relative to maximum drawdown

3.18

4.00

-0.82

Martin ratioReturn relative to average drawdown

13.66

11.07

+2.59

QQQI vs. HDV - Sharpe Ratio Comparison

The current QQQI Sharpe Ratio is 2.14, which is comparable to the HDV Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of QQQI and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QQQI vs. HDV - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for QQQI and HDV.

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Drawdown Indicators

QQQIHDVDifference

Max Drawdown

Largest peak-to-trough decline

-20.00%

-37.04%

+17.04%

Max Drawdown (1Y)

Largest decline over 1 year

-9.61%

-5.18%

-4.43%

Max Drawdown (3Y)

Largest decline over 3 years

—

-10.49%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.42%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-0.09%

-1.31%

+1.22%

Average Drawdown

Average peak-to-trough decline

-2.21%

-3.08%

+0.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.23%

1.87%

+0.36%

Volatility

QQQI vs. HDV - Volatility Comparison

NEOS Nasdaq-100 High Income ETF (QQQI) has a higher volatility of 6.63% compared to iShares Core High Dividend ETF (HDV) at 3.28%. This indicates that QQQI's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQQIHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.63%

3.28%

+3.35%

Volatility (6M)

Calculated over the trailing 6-month period

11.63%

7.53%

+4.10%

Volatility (1Y)

Calculated over the trailing 1-year period

14.33%

9.79%

+4.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.41%

12.84%

+4.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.41%

15.74%

+1.67%

QQQI vs. HDV - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

QQQI vs. HDV - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 13.18%, more than HDV's 3.56% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		3.56%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
QQQI
NEOS Nasdaq-100 High Income ETF		13.18%13.82%12.85%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

QQQI and HDV have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQI has higher volatility (6.63%) compared to HDV (3.28%). In terms of maximum drawdown, QQQI dropped -20.00% vs HDV's -37.04%.

On 1-year performance, QQQI leads with 30.39% vs 20.60% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, QQQI has performed better with a 30.39% return vs 20.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HDV is cheaper with a 0.08% expense ratio, compared with 0.68% for QQQI.

QQQI has the higher dividend yield at 13.18%, compared with 3.56% for HDV.

QQQI is categorized as Nasdaq-100, while HDV is Dividend. They also come from different issuers: Neos and iShares. Their fees differ too: 0.68% for QQQI and 0.08% for HDV.

QQQI currently has the higher Sharpe Ratio (2.14 vs 2.12), 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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