QQQI vs. TOPW

Last updated Jun 9, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and TOPW (Roundhill Top WeeklyPay ETF) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index. QQQI is actively managed, while TOPW is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. QQQI charges 0.68%/yr vs 0.99%/yr for TOPW.

Performance

QQQI vs. TOPW - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQI achieves a 9.93% return, which is significantly higher than TOPW's 2.53% return.

QQQI

• 1D: 1.27%
• 1M: -0.05%
• YTD: 9.93%
• 6M: 9.25%
• 1Y: 25.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TOPW

• 1D: 0.08%
• 1M: -5.06%
• YTD: 2.53%
• 6M: -5.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQI vs. TOPW - Yearly Performance Comparison

	2026 (YTD)	2025
QQQI NEOS Nasdaq-100 High Income ETF	9.93%	6.27%
TOPW Roundhill Top WeeklyPay ETF	2.53%	-2.47%

Correlation

The correlation between QQQI and TOPW is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 5, 2025	0.83

Return for Risk

QQQI vs. TOPW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQI

QQQI Risk / Return Rank: 64
QQQI Sharpe Ratio Rank: 63
QQQI Sortino Ratio Rank: 58
QQQI Omega Ratio Rank: 66
QQQI Calmar Ratio Rank: 60
QQQI Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQI vs. TOPW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and Roundhill Top WeeklyPay ETF (TOPW). 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	TOPW	Difference
Sharpe ratio: Return per unit of total volatility	1.91	—	—
Sortino ratio: Return per unit of downside risk	2.48	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	2.70	—	—
Martin ratio: Return relative to average drawdown	11.98	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QQQI	TOPW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	0.00	+1.22

Drawdowns

QQQI vs. TOPW - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum TOPW drawdown of -29.87%. Use the drawdown chart below to compare losses from any high point for QQQI and TOPW.

Drawdown Indicators

	QQQI	TOPW	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-29.87%	+9.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	—	—
Current Drawdown Current decline from peak	-3.26%	-14.34%	+11.08%
Average Drawdown Average peak-to-trough decline	-2.20%	-12.88%	+10.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	—	—

Volatility

Volatility by Period

	QQQI	TOPW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.65%	27.60%	-13.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	27.60%	-10.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	27.60%	-10.35%

QQQI vs. TOPW - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is lower than TOPW's 0.99% expense ratio.

Dividends

QQQI vs. TOPW - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 13.61%, less than TOPW's 42.36% yield.

Position	TTM	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	13.61%	13.82%	12.85%
TOPW Roundhill Top WeeklyPay ETF	42.36%	21.52%	0.00%

Frequently Asked Questions

Can I hold both QQQI and TOPW in my portfolio?

QQQI and TOPW have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQI or TOPW?

On fees, QQQI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQI or TOPW?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.99% for TOPW.

Which ETF pays a higher dividend yield, QQQI or TOPW?

TOPW has the higher dividend yield at 42.36%, compared with 13.61% for QQQI.

What is the main difference between QQQI and TOPW?

QQQI is categorized as Nasdaq-100, while TOPW is Derivative Income. They also come from different issuers: Neos and Roundhill Investments. Their fees differ too: 0.68% for QQQI and 0.99% for TOPW.