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

Key characteristics


QQQISPYI
Daily Std Dev14.55%8.97%
Max Drawdown-10.67%-10.19%
Current Drawdown-0.42%-0.39%

Correlation

-0.50.00.51.00.9

The correlation between QQQI and SPYI is 0.92, 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. SPYI - Performance Comparison

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctober
14.62%
13.35%
QQQI
SPYI

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


QQQI vs. SPYI - Expense Ratio Comparison

Both QQQI and SPYI have an expense ratio of 0.68%.


QQQI
NEOS Nasdaq 100 High Income ETF
Expense ratio chart for QQQI: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for SPYI: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%

Risk-Adjusted Performance

QQQI vs. SPYI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq 100 High Income ETF (QQQI) and NEOS S&P 500 High Income ETF (SPYI). 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
Sharpe ratio
No data
SPYI
Sharpe ratio
The chart of Sharpe ratio for SPYI, currently valued at 3.01, compared to the broader market-2.000.002.004.006.003.01
Sortino ratio
The chart of Sortino ratio for SPYI, currently valued at 4.00, compared to the broader market0.005.0010.004.00
Omega ratio
The chart of Omega ratio for SPYI, currently valued at 1.66, compared to the broader market1.001.502.002.503.003.501.66
Calmar ratio
The chart of Calmar ratio for SPYI, currently valued at 4.09, compared to the broader market0.005.0010.0015.004.09
Martin ratio
The chart of Martin ratio for SPYI, currently valued at 20.73, compared to the broader market0.0020.0040.0060.0080.00100.00120.0020.73

QQQI vs. SPYI - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

QQQI vs. SPYI - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 10.64%, less than SPYI's 11.78% yield.


TTM20232022
QQQI
NEOS Nasdaq 100 High Income ETF
10.64%0.00%0.00%
SPYI
NEOS S&P 500 High Income ETF
11.78%12.01%4.10%

Drawdowns

QQQI vs. SPYI - Drawdown Comparison

The maximum QQQI drawdown since its inception was -10.67%, roughly equal to the maximum SPYI drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for QQQI and SPYI. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctober
-0.42%
-0.39%
QQQI
SPYI

Volatility

QQQI vs. SPYI - Volatility Comparison

NEOS Nasdaq 100 High Income ETF (QQQI) has a higher volatility of 2.76% compared to NEOS S&P 500 High Income ETF (SPYI) at 1.80%. This indicates that QQQI's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctober
2.76%
1.80%
QQQI
SPYI