QQQI vs. QQQA

Last updated Jun 5, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) are both Nasdaq-100 funds. QQQI is actively managed, while QQQA is passively managed. Over the past year, QQQI returned 29.68% vs 86.88% for QQQA. Their correlation of 0.85 suggests significant overlap in exposure. QQQI charges 0.68%/yr vs 0.58%/yr for QQQA.

Performance

QQQI vs. QQQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq-100 High Income ETF (QQQI) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQI achieves a 13.04% return, which is significantly lower than QQQA's 64.12% return.

QQQI

• 1D: -0.35%
• 1M: 5.60%
• YTD: 13.04%
• 6M: 12.57%
• 1Y: 29.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQA

• 1D: -0.76%
• 1M: 19.04%
• YTD: 64.12%
• 6M: 67.24%
• 1Y: 86.88%
• 3Y*: 34.14%
• 5Y*: 14.57%
• 10Y*: —

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

QQQI vs. QQQA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	13.04%	18.62%	19.83%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	64.12%	9.87%	10.84%

Correlation

The correlation between QQQI and QQQA is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.85

The correlation between QQQI and QQQA has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

QQQI vs. QQQA - Sectors Allocation Comparison

Sectors	QQQI	QQQA
Technology	53.3%	65.2%
Communication Services	15.7%	13.7%
Consumer Cyclical	12.1%	4.2%
Consumer Defensive	7.7%	-
Healthcare	4.3%	7.8%
Industrials	3.3%	-
Utilities	1.5%	-
Basic Materials	1.2%	-
Energy	0.7%	9.1%
Financial Services	0.3%	-
Real Estate	0.1%	-

Return for Risk

QQQI vs. QQQA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQI

QQQI Risk / Return Rank: 70
QQQI Sharpe Ratio Rank: 72
QQQI Sortino Ratio Rank: 68
QQQI Omega Ratio Rank: 72
QQQI Calmar Ratio Rank: 63
QQQI Martin Ratio Rank: 74

QQQA

QQQA Risk / Return Rank: 90
QQQA Sharpe Ratio Rank: 93
QQQA Sortino Ratio Rank: 87
QQQA Omega Ratio Rank: 87
QQQA Calmar Ratio Rank: 92
QQQA Martin Ratio Rank: 92

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. QQQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). 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	QQQA	Difference
Sharpe ratio: Return per unit of total volatility	2.30	3.35	-1.05
Sortino ratio: Return per unit of downside risk	3.05	3.94	-0.89
Omega ratio: Gain probability vs. loss probability	1.42	1.53	-0.11
Calmar ratio: Return relative to maximum drawdown	3.10	6.01	-2.91
Martin ratio: Return relative to average drawdown	13.93	22.45	-8.52
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. QQQA - Sharpe Ratio Comparison

The current QQQI Sharpe Ratio is 2.30, which is lower than the QQQA Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of QQQI and QQQA, 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	QQQA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	3.35	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.58	+0.74

Drawdowns

QQQI vs. QQQA - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum QQQA drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for QQQI and QQQA.

Drawdown Indicators

	QQQI	QQQA	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-38.44%	+18.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-14.54%	+4.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.44%	—
Current Drawdown Current decline from peak	-0.52%	-0.76%	+0.24%
Average Drawdown Average peak-to-trough decline	-2.19%	-15.66%	+13.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	3.88%	-1.74%

Volatility

QQQI vs. QQQA - Volatility Comparison

The current volatility for NEOS Nasdaq-100 High Income ETF (QQQI) is 2.69%, while ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a volatility of 10.13%. This indicates that QQQI experiences smaller price fluctuations and is considered to be less risky than QQQA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQI	QQQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	10.13%	-7.44%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	22.18%	-12.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	26.07%	-13.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	25.82%	-8.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	25.76%	-8.71%

QQQI vs. QQQA - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is higher than QQQA's 0.58% expense ratio.

Dividends

QQQI vs. QQQA - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 13.24%, more than QQQA's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.06%	0.10%	0.09%	0.34%	0.28%	0.10%
QQQI NEOS Nasdaq-100 High Income ETF	13.24%	13.82%	12.85%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQI and QQQA in my portfolio?

QQQI and QQQA have a correlation of 0.83, 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 QQQA?

QQQA has higher volatility (10.13%) compared to QQQI (2.69%). In terms of maximum drawdown, QQQI dropped -20.00% vs QQQA's -38.44%.

Which ETF is better, QQQI or QQQA?

On 1-year performance, QQQA leads with 86.88% vs 29.68% for QQQI. On fees, QQQA is cheaper at 0.58% per year. On volatility, QQQI has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQI or QQQA?

Over the 1-year period, QQQA has performed better with a 86.88% return vs 29.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQI or QQQA?

QQQA is cheaper with a 0.58% expense ratio, compared with 0.68% for QQQI.

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

QQQI has the higher dividend yield at 13.24%, compared with 0.06% for QQQA.

What is the main difference between QQQI and QQQA?

They also come from different issuers: Neos and ProShares. Their fees differ too: 0.68% for QQQI and 0.58% for QQQA.

Which has better risk-adjusted returns?

QQQA currently has the higher Sharpe Ratio (3.35 vs 2.30), 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.