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

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.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
9.16%
10.02%
QQQI
SPYI

Returns By Period


QQQI

YTD

N/A

1M

0.64%

6M

8.95%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

SPYI

YTD

18.58%

1M

0.39%

6M

9.77%

1Y

21.85%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


QQQISPYI
Daily Std Dev14.59%9.24%
Max Drawdown-10.67%-10.19%
Current Drawdown-2.19%-1.51%

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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%

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.

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.


Sharpe ratio
No data
QQQI
SPYI

Chart placeholderNot enough data

Dividends

QQQI vs. SPYI - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 10.61%, less than SPYI's 11.70% yield.


TTM20232022
QQQI
NEOS Nasdaq 100 High Income ETF
10.61%0.00%0.00%
SPYI
NEOS S&P 500 High Income ETF
10.78%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%JuneJulyAugustSeptemberOctoberNovember
-2.19%
-1.51%
QQQI
SPYI

Volatility

QQQI vs. SPYI - Volatility Comparison

NEOS Nasdaq 100 High Income ETF (QQQI) has a higher volatility of 4.10% compared to NEOS S&P 500 High Income ETF (SPYI) at 2.95%. 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%JuneJulyAugustSeptemberOctoberNovember
4.10%
2.95%
QQQI
SPYI