QQQI vs. HOOW

Last updated Jun 13, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and HOOW (Roundhill HOOD WeeklyPay ETF) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while HOOW is a Leveraged Equities fund actively managed by Roundhill. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. QQQI charges 0.68%/yr vs 0.99%/yr for HOOW.

Performance

QQQI vs. HOOW - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQI achieves a 10.58% return, which is significantly higher than HOOW's -24.22% return.

QQQI

• 1D: 0.70%
• 1M: 0.26%
• YTD: 10.58%
• 6M: 11.20%
• 1Y: 25.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOW

• 1D: 0.96%
• 1M: 24.39%
• YTD: -24.22%
• 6M: -29.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQI vs. HOOW - Yearly Performance Comparison

	2026 (YTD)	2025
QQQI NEOS Nasdaq-100 High Income ETF	10.58%	14.43%
HOOW Roundhill HOOD WeeklyPay ETF	-24.22%	52.60%

Correlation

The correlation between QQQI and HOOW is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.59

QQQI vs. HOOW - Sectors Allocation Comparison

Sectors	QQQI	HOOW
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%	-
Energy	0.7%	-
Financial Services	0.3%	3.3%
Real Estate	0.1%	-

Return for Risk

QQQI vs. HOOW — Risk / Return Rank

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

QQQI

QQQI Risk / Return Rank: 65
QQQI Sharpe Ratio Rank: 65
QQQI Sortino Ratio Rank: 59
QQQI Omega Ratio Rank: 67
QQQI Calmar Ratio Rank: 62
QQQI Martin Ratio Rank: 72

HOOW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. HOOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and Roundhill HOOD WeeklyPay ETF (HOOW). 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	HOOW	Difference
Sharpe ratio: Return per unit of total volatility	1.84	—	—
Sortino ratio: Return per unit of downside risk	2.43	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.70	—	—
Martin ratio: Return relative to average drawdown	11.63	—	—

Drawdowns

QQQI vs. HOOW - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum HOOW drawdown of -65.74%. Use the drawdown chart below to compare losses from any high point for QQQI and HOOW.

Drawdown Indicators

	QQQI	HOOW	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-65.74%	+45.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	—	—
Current Drawdown Current decline from peak	-2.69%	-48.54%	+45.85%
Average Drawdown Average peak-to-trough decline	-2.21%	-29.67%	+27.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	—	—

Volatility

Volatility by Period

	QQQI	HOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.10%	84.09%	-69.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	84.09%	-66.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	84.09%	-66.75%

QQQI vs. HOOW - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is lower than HOOW's 0.99% expense ratio.

Dividends

QQQI vs. HOOW - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 13.53%, less than HOOW's 147.58% yield.

Position	TTM	2025	2024
HOOW Roundhill HOOD WeeklyPay ETF	147.58%	67.92%	0.00%
QQQI NEOS Nasdaq-100 High Income ETF	13.53%	13.82%	12.85%

Frequently Asked Questions

Can I hold both QQQI and HOOW in my portfolio?

QQQI and HOOW have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQI or HOOW?

On fees, QQQI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQI or HOOW?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.99% for HOOW.

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

HOOW has the higher dividend yield at 147.58%, compared with 13.53% for QQQI.

What is the main difference between QQQI and HOOW?

QQQI is categorized as Nasdaq-100, while HOOW is Leveraged Equities. They also come from different issuers: Neos and Roundhill. Their fees differ too: 0.68% for QQQI and 0.99% for HOOW.