QQQI vs. QQQY
Compare and contrast key facts about NEOS Nasdaq 100 High Income ETF (QQQI) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY).
QQQI and QQQY 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 30, 2024. QQQY is an actively managed fund by Defiance ETFs. It was launched on Sep 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQI or QQQY.
Correlation
The correlation between QQQI and QQQY is 0.93, 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. QQQY - Performance Comparison
Key characteristics
QQQI:
0.26
QQQY:
-0.26
QQQI:
0.44
QQQY:
-0.21
QQQI:
1.06
QQQY:
0.97
QQQI:
0.31
QQQY:
-0.30
QQQI:
1.12
QQQY:
-0.91
QQQI:
3.78%
QQQY:
4.37%
QQQI:
16.40%
QQQY:
15.45%
QQQI:
-13.66%
QQQY:
-13.38%
QQQI:
-13.66%
QQQY:
-13.38%
Returns By Period
The year-to-date returns for both investments are quite close, with QQQI having a -9.25% return and QQQY slightly higher at -8.94%.
QQQI
-9.25%
-7.77%
-3.24%
4.09%
N/A
N/A
QQQY
-8.94%
-6.34%
-9.33%
-4.21%
N/A
N/A
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QQQI vs. QQQY - Expense Ratio Comparison
QQQI has a 0.68% expense ratio, which is lower than QQQY's 0.99% expense ratio.
Risk-Adjusted Performance
QQQI vs. QQQY — Risk-Adjusted Performance Rank
QQQI
QQQY
QQQI vs. QQQY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq 100 High Income ETF (QQQI) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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.
Dividends
QQQI vs. QQQY - Dividend Comparison
QQQI's dividend yield for the trailing twelve months is around 16.04%, less than QQQY's 85.29% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
QQQI NEOS Nasdaq 100 High Income ETF | 16.04% | 12.85% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 85.29% | 83.34% | 20.64% |
Drawdowns
QQQI vs. QQQY - Drawdown Comparison
The maximum QQQI drawdown since its inception was -13.66%, roughly equal to the maximum QQQY drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for QQQI and QQQY. For additional features, visit the drawdowns tool.
Volatility
QQQI vs. QQQY - Volatility Comparison
NEOS Nasdaq 100 High Income ETF (QQQI) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) have volatilities of 8.26% and 8.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.