QQQI vs. QQQ
Compare and contrast key facts about NEOS Nasdaq 100 High Income ETF (QQQI) and Invesco QQQ (QQQ).
QQQI and QQQ 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 Investments. It was launched on Jan 30, 2024. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQI or QQQ.
Key characteristics
| QQQI | QQQ | |
|---|---|---|
| Daily Std Dev | 14.61% | 17.23% |
| Max Drawdown | -10.67% | -82.98% |
| Current Drawdown | -1.85% | -3.23% |
Correlation
The correlation between QQQI and QQQ is 0.96, 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.
Performance
QQQI vs. QQQ - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QQQI vs. QQQ - Expense Ratio Comparison
QQQI has a 0.68% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QQQI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq 100 High Income ETF (QQQI) and Invesco QQQ (QQQ). 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.
Not enough dataDividends
QQQI vs. QQQ - Dividend Comparison
QQQI's dividend yield for the trailing twelve months is around 10.79%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQI NEOS Nasdaq 100 High Income ETF | 10.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
QQQI vs. QQQ - Drawdown Comparison
The maximum QQQI drawdown since its inception was -10.67%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQQI and QQQ. For additional features, visit the drawdowns tool.
Volatility
QQQI vs. QQQ - Volatility Comparison
The current volatility for NEOS Nasdaq 100 High Income ETF (QQQI) is 3.32%, while Invesco QQQ (QQQ) has a volatility of 4.47%. This indicates that QQQI experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.