QQQI vs. MPLX
QQQI (NEOS Nasdaq-100 High Income ETF) is Nasdaq-100 fund actively managed by Neos, while MPLX (MPLX LP) is a stock. Over the past year, QQQI returned 29.61% vs 19.67% for MPLX. At a 0.17 correlation, their price movements are largely independent.
Performance
QQQI vs. MPLX - Performance Comparison
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Returns By Period
In the year-to-date period, QQQI achieves a 13.07% return, which is significantly higher than MPLX's 10.71% return.
QQQI
- 1D
- 1.98%
- 1M
- 1.96%
- YTD
- 13.07%
- 6M
- 12.95%
- 1Y
- 29.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPLX
- 1D
- 1.66%
- 1M
- 0.66%
- YTD
- 10.71%
- 6M
- 10.03%
- 1Y
- 19.67%
- 3Y*
- 28.75%
- 5Y*
- 24.50%
- 10Y*
- 15.31%
QQQI vs. MPLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 13.07% | 18.62% | 19.44% |
MPLX MPLX LP | 10.71% | 20.54% | 36.76% |
Correlation
The correlation between QQQI and MPLX is -0.01, 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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.17 |
The correlation between QQQI and MPLX shifts across timeframes, from -0.01 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QQQI vs. MPLX — Risk / Return Rank
QQQI
MPLX
QQQI vs. MPLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and MPLX LP (MPLX). 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 | MPLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.55 | +0.50 |
| Martin ratioReturn relative to average drawdown | 13.12 | 5.92 | +7.20 |
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Drawdowns
QQQI vs. MPLX - Drawdown Comparison
The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum MPLX drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for QQQI and MPLX.
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Drawdown Indicators
| QQQI | MPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.00% | -85.72% | +65.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -7.71% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.21% | — |
Current DrawdownCurrent decline from peak | -0.49% | -2.06% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -29.91% | +27.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 3.32% | -1.08% |
Volatility
QQQI vs. MPLX - Volatility Comparison
NEOS Nasdaq-100 High Income ETF (QQQI) has a higher volatility of 7.05% compared to MPLX LP (MPLX) at 4.72%. This indicates that QQQI's price experiences larger fluctuations and is considered to be riskier than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQI | MPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.05% | 4.72% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | 11.52% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.49% | 15.77% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 19.37% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.45% | 30.63% | -13.18% |
Dividends
QQQI vs. MPLX - Dividend Comparison
QQQI's dividend yield for the trailing twelve months is around 14.55%, more than MPLX's 7.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPLX MPLX LP | 7.36% | 7.39% | 7.33% | 8.65% | 8.80% | 11.30% | 12.70% | 10.41% | 8.22% | 6.23% | 5.86% | 4.33% |
QQQI NEOS Nasdaq-100 High Income ETF | 14.55% | 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 MPLX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQI has higher volatility (7.05%) compared to MPLX (4.72%). In terms of maximum drawdown, QQQI dropped -20.00% vs MPLX's -85.72%.
QQQI currently has the higher Sharpe Ratio (2.03 vs 1.25), 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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