QQQI vs. NVDY

Last updated Jun 9, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while NVDY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, QQQI returned 25.86% vs 42.27% for NVDY. A 0.68 correlation means they provide meaningful diversification when combined. QQQI charges 0.68%/yr vs 0.99%/yr for NVDY.

Performance

QQQI vs. NVDY - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with QQQI having a 9.93% return and NVDY slightly higher at 10.31%.

QQQI

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

NVDY

• 1D: 1.46%
• 1M: -2.61%
• YTD: 10.31%
• 6M: 11.29%
• 1Y: 42.27%
• 3Y*: 53.70%
• 5Y*: —
• 10Y*: —

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

QQQI vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	9.93%	18.62%	19.83%
NVDY YieldMax NVDA Option Income Strategy ETF	10.31%	27.38%	88.48%

Correlation

The correlation between QQQI and NVDY is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.68

The correlation between QQQI and NVDY has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

Return for Risk

QQQI vs. NVDY — 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

NVDY

NVDY Risk / Return Rank: 53
NVDY Sharpe Ratio Rank: 48
NVDY Sortino Ratio Rank: 46
NVDY Omega Ratio Rank: 45
NVDY Calmar Ratio Rank: 72
NVDY Martin Ratio Rank: 52

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. NVDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and YieldMax NVDA Option Income Strategy ETF (NVDY). 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	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.53	+0.38
Sortino ratio: Return per unit of downside risk	2.48	2.06	+0.42
Omega ratio: Gain probability vs. loss probability	1.36	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	2.70	3.31	-0.61
Martin ratio: Return relative to average drawdown	11.98	8.03	+3.95
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. NVDY - Sharpe Ratio Comparison

The current QQQI Sharpe Ratio is 1.91, which is comparable to the NVDY Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of QQQI and NVDY, 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	NVDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	1.53	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	1.59	-0.37

Drawdowns

QQQI vs. NVDY - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for QQQI and NVDY.

Drawdown Indicators

	QQQI	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-34.08%	+14.08%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-12.81%	+3.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.08%	—
Current Drawdown Current decline from peak	-3.26%	-8.93%	+5.67%
Average Drawdown Average peak-to-trough decline	-2.20%	-6.16%	+3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	5.28%	-3.12%

Volatility

QQQI vs. NVDY - Volatility Comparison

The current volatility for NEOS Nasdaq-100 High Income ETF (QQQI) is 5.07%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 10.13%. This indicates that QQQI experiences smaller price fluctuations and is considered to be less risky than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQI	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	10.13%	-5.06%
Volatility (6M) Calculated over the trailing 6-month period	10.75%	21.34%	-10.59%
Volatility (1Y) Calculated over the trailing 1-year period	13.65%	27.86%	-14.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	38.29%	-21.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	38.29%	-21.04%

QQQI vs. NVDY - Expense Ratio Comparison

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

Dividends

QQQI vs. NVDY - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 13.61%, less than NVDY's 64.50% yield.

Position	TTM	2025	2024	2023
NVDY YieldMax NVDA Option Income Strategy ETF	64.50%	83.10%	83.65%	22.32%
QQQI NEOS Nasdaq-100 High Income ETF	13.61%	13.82%	12.85%	0.00%

Frequently Asked Questions

Can I hold both QQQI and NVDY in my portfolio?

QQQI and NVDY have a correlation of 0.62, 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 NVDY?

NVDY has higher volatility (10.13%) compared to QQQI (5.07%). In terms of maximum drawdown, QQQI dropped -20.00% vs NVDY's -34.08%.

Which ETF is better, QQQI or NVDY?

On 1-year performance, NVDY leads with 42.27% vs 25.86% for QQQI. On fees, QQQI is cheaper at 0.68% 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 NVDY?

Over the 1-year period, NVDY has performed better with a 42.27% 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 NVDY?

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

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

NVDY has the higher dividend yield at 64.50%, compared with 13.61% for QQQI.

What is the main difference between QQQI and NVDY?

QQQI is categorized as Nasdaq-100, while NVDY is Derivative Income. They also come from different issuers: Neos and YieldMax. Their fees differ too: 0.68% for QQQI and 0.99% for NVDY.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (1.91 vs 1.53), 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.