QQQI vs. TQQQ

Last updated Jun 28, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). QQQI is actively managed, while TQQQ is passively managed. Over the past year, QQQI returned 21.58% vs 77.18% for TQQQ. With a 0.98 correlation, they move nearly in lockstep. QQQI charges 0.68%/yr vs 0.95%/yr for TQQQ.

Performance

QQQI vs. TQQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQI achieves a 8.96% return, which is significantly lower than TQQQ's 36.47% return.

QQQI

• 1D: -1.16%
• 1M: -3.32%
• YTD: 8.96%
• 6M: 7.56%
• 1Y: 21.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ

• 1D: -4.16%
• 1M: -15.05%
• YTD: 36.47%
• 6M: 30.08%
• 1Y: 77.18%
• 3Y*: 55.74%
• 5Y*: 20.68%
• 10Y*: 44.95%

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

QQQI vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	8.96%	18.62%	19.44%
TQQQ ProShares UltraPro QQQ	36.47%	34.35%	40.60%

Correlation

The correlation between QQQI and TQQQ is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024	0.98

The correlation between QQQI and TQQQ has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

QQQI vs. TQQQ - Sectors Allocation Comparison

Sectors	QQQI	TQQQ
Technology	60.2%	53.8%
Communication Services	12.9%	15.8%
Consumer Cyclical	10.1%	12.3%
Consumer Defensive	6.5%	7.7%
Healthcare	3.7%	4.2%
Industrials	3.5%	2.8%
Utilities	1.2%	1.4%
Basic Materials	1.1%	1.1%
Energy	0.5%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QQQI vs. TQQQ — Risk / Return Rank

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

QQQI

QQQI Risk / Return Rank: 50
QQQI Sharpe Ratio Rank: 47
QQQI Sortino Ratio Rank: 43
QQQI Omega Ratio Rank: 48
QQQI Calmar Ratio Rank: 52
QQQI Martin Ratio Rank: 60

TQQQ

TQQQ Risk / Return Rank: 45
TQQQ Sharpe Ratio Rank: 47
TQQQ Sortino Ratio Rank: 41
TQQQ Omega Ratio Rank: 43
TQQQ Calmar Ratio Rank: 48
TQQQ Martin Ratio Rank: 45

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. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and ProShares UltraPro QQQ (TQQQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQQI	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.49	-0.01
Sortino ratio: Return per unit of downside risk	2.00	1.95	+0.05
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.28	2.15	+0.14
Martin ratio: Return relative to average drawdown	9.60	6.75	+2.85

QQQI vs. TQQQ - Sharpe Ratio Comparison

The current QQQI Sharpe Ratio is 1.48, which is comparable to the TQQQ Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of QQQI and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQI vs. TQQQ - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for QQQI and TQQQ.

Drawdown Indicators

	QQQI	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-81.66%	+61.66%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-36.97%	+27.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-58.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	-4.11%	-17.65%	+13.54%
Average Drawdown Average peak-to-trough decline	-2.21%	-18.49%	+16.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	11.72%	-9.44%

Volatility

QQQI vs. TQQQ - Volatility Comparison

The current volatility for NEOS Nasdaq-100 High Income ETF (QQQI) is 7.67%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 27.08%. This indicates that QQQI experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQI	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.67%	27.08%	-19.41%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	43.49%	-31.48%
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	53.41%	-38.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	67.42%	-49.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.51%	66.28%	-48.77%

QQQI vs. TQQQ - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

QQQI vs. TQQQ - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 13.95%, more than TQQQ's 0.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQI NEOS Nasdaq-100 High Income ETF	13.95%	13.82%	12.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.29%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both QQQI and TQQQ in my portfolio?

With a correlation of 0.99, QQQI and TQQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QQQI or TQQQ?

TQQQ has higher volatility (27.08%) compared to QQQI (7.67%). In terms of maximum drawdown, QQQI dropped -20.00% vs TQQQ's -81.66%.

Which ETF is better, QQQI or TQQQ?

On 1-year performance, TQQQ leads with 77.18% vs 21.58% for QQQI. On fees, QQQI is cheaper at 0.68% per year. On volatility, QQQI has been the lower-risk option at 7.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQI or TQQQ?

Over the 1-year period, TQQQ has performed better with a 77.18% return vs 21.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQI or TQQQ?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.95% for TQQQ.

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

QQQI has the higher dividend yield at 13.95%, compared with 0.29% for TQQQ.

What is the main difference between QQQI and TQQQ?

QQQI is categorized as Nasdaq-100, while TQQQ is Leveraged Equities. They also come from different issuers: Neos and ProShares. Their fees differ too: 0.68% for QQQI and 0.95% for TQQQ.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (1.49 vs 1.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.