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

Correlation

The correlation between QQQI and SPYI 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.

QQQI vs. SPYI

Last updated May 27, 2025

Compare and contrast key facts about NEOS Nasdaq 100 High Income ETF (QQQI) and NEOS S&P 500 High Income ETF (SPYI).

QQQI and SPYI 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. SPYI is an actively managed fund by Neos. It was launched on Aug 29, 2022.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQI or SPYI.

Performance

QQQI vs. SPYI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq 100 High Income ETF (QQQI) and NEOS S&P 500 High Income ETF (SPYI). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

QQQI:

0.64

SPYI:

0.63

Sortino Ratio

QQQI:

1.02

SPYI:

0.96

Omega Ratio

QQQI:

1.15

SPYI:

1.16

Calmar Ratio

QQQI:

0.66

SPYI:

0.63

Martin Ratio

QQQI:

2.44

SPYI:

2.62

Ulcer Index

QQQI:

5.42%

SPYI:

3.95%

Daily Std Dev

QQQI:

21.43%

SPYI:

17.15%

Max Drawdown

QQQI:

-20.00%

SPYI:

-16.47%

Current Drawdown

QQQI:

-4.31%

SPYI:

-3.86%

Returns By Period

In the year-to-date period, QQQI achieves a 0.57% return, which is significantly higher than SPYI's 0.20% return.

QQQI

YTD

0.57%

1M

6.12%

6M

2.11%

1Y

12.94%

3Y*

N/A

5Y*

N/A

10Y*

N/A

SPYI

YTD

0.20%

1M

4.22%

6M

-1.17%

1Y

10.34%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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NEOS Nasdaq 100 High Income ETF

NEOS S&P 500 High Income ETF

QQQI vs. SPYI - Expense Ratio Comparison

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

QQQI
NEOS Nasdaq 100 High Income ETF
SPYI
NEOS S&P 500 High Income ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

QQQI vs. SPYI — 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 6969
Overall Rank
The Sharpe Ratio Rank of QQQI is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQI is 6868
Sortino Ratio Rank
The Omega Ratio Rank of QQQI is 7171
Omega Ratio Rank
The Calmar Ratio Rank of QQQI is 7272
Calmar Ratio Rank
The Martin Ratio Rank of QQQI is 6868
Martin Ratio Rank
SPYI
The Risk-Adjusted Performance Rank of SPYI is 6868
Overall Rank
The Sharpe Ratio Rank of SPYI is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of SPYI is 6464
Sortino Ratio Rank
The Omega Ratio Rank of SPYI is 7373
Omega Ratio Rank
The Calmar Ratio Rank of SPYI is 7070
Calmar Ratio Rank
The Martin Ratio Rank of SPYI is 7171
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. 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.

The current QQQI Sharpe Ratio is 0.64, which is comparable to the SPYI Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of QQQI and SPYI, 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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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

QQQI vs. SPYI - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 14.76%, more than SPYI's 12.70% yield.

TTM202420232022
QQQI
NEOS Nasdaq 100 High Income ETF		14.76%12.85%0.00%0.00%
SPYI
NEOS S&P 500 High Income ETF		12.70%12.04%12.01%4.10%

Drawdowns

QQQI vs. SPYI - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for QQQI and SPYI.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

QQQI vs. SPYI - Volatility Comparison

NEOS Nasdaq 100 High Income ETF (QQQI) has a higher volatility of 3.71% compared to NEOS S&P 500 High Income ETF (SPYI) at 3.04%. 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.

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