QQQI vs. MLPI
QQQI (NEOS Nasdaq-100 High Income ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while MLPI is a Infrastructure Equities fund actively managed by Neos. Both are actively managed. Their -0.24 correlation means they have often moved in opposite directions in the past. Both charge a 0.68% expense ratio.
Performance
QQQI vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, QQQI achieves a 11.18% return, which is significantly lower than MLPI's 16.44% return.
QQQI
- 1D
- 2.45%
- 1M
- 0.80%
- 6M
- 10.57%
- YTD
- 11.18%
- 1Y
- 20.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.84%
MLPI
- 1D
- -1.18%
- 1M
- -1.50%
- 6M
- 9.25%
- YTD
- 16.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.58M | $22.61M | $19.60M | |
| $332.84M | $328.69M | $357.78M |
QQQI vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 11.18% | 2.47% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 16.44% | 0.36% |
Correlation
The correlation between QQQI and MLPI is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | -0.24 |
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Return for Risk
QQQI vs. MLPI — Risk / Return Rank
QQQI
MLPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQI vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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 | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | — | — |
| Martin ratioReturn relative to average drawdown | 7.74 | — | — |
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Drawdowns
QQQI vs. MLPI - Drawdown Comparison
The maximum QQQI drawdown since its inception was -20.00%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for QQQI and MLPI.
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Drawdown Indicators
| QQQI | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.00% | -5.38% | -14.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | — | — |
Current DrawdownCurrent decline from peak | -2.16% | -4.77% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -1.67% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | — | — |
Volatility
QQQI vs. MLPI - Volatility Comparison
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Volatility by Period
| QQQI | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.49% | 13.34% | +3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.81% | 13.34% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 13.34% | +4.47% |
QQQI vs. MLPI - Expense Ratio Comparison
Both QQQI and MLPI have an expense ratio of 0.68%.
Dividends
QQQI vs. MLPI - Dividend Comparison
QQQI's dividend yield for the trailing twelve months is around 13.82%, more than MLPI's 8.76% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 8.76% | 0.00% | 0.00% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.82% | 13.82% | 12.85% |
Frequently Asked Questions
QQQI and MLPI have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.68% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QQQI and MLPI have the same expense ratio: 0.68% per year.
QQQI has the higher dividend yield at 13.82%, compared with 8.76% for MLPI.
QQQI is categorized as Nasdaq-100, while MLPI is Infrastructure Equities.
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