QQQI vs. PBP
Compare and contrast key facts about NEOS Nasdaq-100 High Income ETF (QQQI) and Invesco S&P 500 BuyWrite ETF (PBP).
QQQI and PBP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQI is an actively managed fund by Neos. It was launched on Jan 29, 2024. PBP is a passively managed fund by Invesco that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Dec 20, 2007.
Performance
QQQI vs. PBP - Performance Comparison
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QQQI vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | -3.32% | 18.62% | 19.83% |
PBP Invesco S&P 500 BuyWrite ETF | -0.45% | 8.49% | 17.64% |
Returns By Period
In the year-to-date period, QQQI achieves a -3.32% return, which is significantly lower than PBP's -0.45% return.
QQQI
- 1D
- 0.14%
- 1M
- -2.23%
- YTD
- -3.32%
- 6M
- -1.12%
- 1Y
- 20.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBP
- 1D
- 0.18%
- 1M
- -1.86%
- YTD
- -0.45%
- 6M
- 5.81%
- 1Y
- 11.00%
- 3Y*
- 10.88%
- 5Y*
- 7.61%
- 10Y*
- 6.76%
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QQQI vs. PBP - Expense Ratio Comparison
QQQI has a 0.68% expense ratio, which is higher than PBP's 0.29% expense ratio.
Return for Risk
QQQI vs. PBP — Risk / Return Rank
QQQI
PBP
QQQI vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and Invesco S&P 500 BuyWrite ETF (PBP). 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 | PBP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.77 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.24 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.11 | +0.76 |
Martin ratioReturn relative to average drawdown | 8.37 | 6.28 | +2.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQI | PBP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.77 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.33 | +0.58 |
Correlation
The correlation between QQQI and PBP is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QQQI vs. PBP - Dividend Comparison
QQQI's dividend yield for the trailing twelve months is around 14.88%, more than PBP's 11.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 14.88% | 13.82% | 12.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBP Invesco S&P 500 BuyWrite ETF | 11.56% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
Drawdowns
QQQI vs. PBP - Drawdown Comparison
The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for QQQI and PBP.
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Drawdown Indicators
| QQQI | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.00% | -43.43% | +23.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -6.73% | -2.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.31% | — |
Current DrawdownCurrent decline from peak | -5.59% | -2.72% | -2.87% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -6.75% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.81% | +0.76% |
Volatility
QQQI vs. PBP - Volatility Comparison
NEOS Nasdaq-100 High Income ETF (QQQI) has a higher volatility of 6.04% compared to Invesco S&P 500 BuyWrite ETF (PBP) at 4.05%. This indicates that QQQI's price experiences larger fluctuations and is considered to be riskier than PBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQI | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 4.05% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 5.97% | +5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.71% | 14.26% | +5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 11.95% | +5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 13.68% | +3.79% |