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QQQI vs. QQQY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

QQQI vs. QQQY

Last updated May 16, 2025

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 0.89, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq 100 High Income ETF (QQQI) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

QQQI:

0.71

QQQY:

0.08

Sortino Ratio

QQQI:

1.22

QQQY:

0.29

Omega Ratio

QQQI:

1.18

QQQY:

1.05

Calmar Ratio

QQQI:

0.83

QQQY:

0.15

Martin Ratio

QQQI:

3.07

QQQY:

0.44

Ulcer Index

QQQI:

5.40%

QQQY:

6.46%

Daily Std Dev

QQQI:

21.41%

QQQY:

17.78%

Max Drawdown

QQQI:

-20.00%

QQQY:

-19.04%

Current Drawdown

QQQI:

-3.19%

QQQY:

-7.79%

Returns By Period

In the year-to-date period, QQQI achieves a 1.75% return, which is significantly higher than QQQY's -3.06% return.

QQQI

YTD

1.75%

1M

10.44%

6M

3.27%

1Y

15.07%

5Y*

N/A

10Y*

N/A

QQQY

YTD

-3.06%

1M

8.56%

6M

-5.92%

1Y

1.49%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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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.

QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
QQQI
NEOS Nasdaq 100 High Income ETF

Risk-Adjusted Performance

QQQI vs. QQQY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQI
The Risk-Adjusted Performance Rank of QQQI is 7373
Overall Rank
The Sharpe Ratio Rank of QQQI is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQI is 7373
Sortino Ratio Rank
The Omega Ratio Rank of QQQI is 7777
Omega Ratio Rank
The Calmar Ratio Rank of QQQI is 7676
Calmar Ratio Rank
The Martin Ratio Rank of QQQI is 7474
Martin Ratio Rank
QQQY
The Risk-Adjusted Performance Rank of QQQY is 2323
Overall Rank
The Sharpe Ratio Rank of QQQY is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQY is 2222
Sortino Ratio Rank
The Omega Ratio Rank of QQQY is 2424
Omega Ratio Rank
The Calmar Ratio Rank of QQQY is 2626
Calmar Ratio Rank
The Martin Ratio Rank of QQQY is 2424
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current QQQI Sharpe Ratio is 0.71, which is higher than the QQQY Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of QQQI and QQQY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

QQQI vs. QQQY - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 14.36%, less than QQQY's 78.91% yield.

TTM20242023
QQQI
NEOS Nasdaq 100 High Income ETF		14.36%12.85%0.00%
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF		78.91%83.34%20.64%

Drawdowns

QQQI vs. QQQY - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, which is greater than QQQY's maximum drawdown of -19.04%. Use the drawdown chart below to compare losses from any high point for QQQI and QQQY. For additional features, visit the drawdowns tool.

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Volatility

QQQI vs. QQQY - Volatility Comparison

NEOS Nasdaq 100 High Income ETF (QQQI) has a higher volatility of 6.36% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.83%. This indicates that QQQI's price experiences larger fluctuations and is considered to be riskier than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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