QQQI vs. USA
QQQI (NEOS Nasdaq-100 High Income ETF) is Nasdaq-100 fund actively managed by Neos, while USA (Liberty All-Star Equity Fund) is a stock. Over the past year, QQQI returned 27.00% vs -4.32% for USA. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
QQQI vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, QQQI achieves a 10.58% return, which is significantly higher than USA's -3.46% return.
QQQI
- 1D
- 0.70%
- 1M
- 0.70%
- YTD
- 10.58%
- 6M
- 11.20%
- 1Y
- 27.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USA
- 1D
- -0.52%
- 1M
- 0.17%
- YTD
- -3.46%
- 6M
- -1.58%
- 1Y
- -4.32%
- 3Y*
- 7.82%
- 5Y*
- 1.42%
- 10Y*
- 12.13%
QQQI vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 10.58% | 18.62% | 19.44% |
USA Liberty All-Star Equity Fund | -3.46% | 0.09% | 13.81% |
Correlation
The correlation between QQQI and USA is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.68 |
The correlation between QQQI and USA has been stable across timeframes, ranging from 0.68 to 0.68 - a consistent structural relationship.
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Return for Risk
QQQI vs. USA — Risk / Return Rank
QQQI
USA
QQQI vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and Liberty All-Star Equity Fund (USA). 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 | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.95 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | -0.32 | +3.03 |
| Martin ratioReturn relative to average drawdown | 11.63 | -0.76 | +12.39 |
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Drawdowns
QQQI vs. USA - Drawdown Comparison
The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for QQQI and USA.
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Drawdown Indicators
| QQQI | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.00% | -69.15% | +49.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -15.28% | +5.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.05% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.07% | — |
Current DrawdownCurrent decline from peak | -2.69% | -8.65% | +5.96% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -11.52% | +9.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 6.43% | -4.20% |
Volatility
QQQI vs. USA - Volatility Comparison
NEOS Nasdaq-100 High Income ETF (QQQI) has a higher volatility of 6.10% compared to Liberty All-Star Equity Fund (USA) at 3.16%. This indicates that QQQI's price experiences larger fluctuations and is considered to be riskier than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQI | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 3.16% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.35% | 10.42% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.10% | 13.64% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 20.26% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 22.56% | -5.22% |
Dividends
QQQI vs. USA - Dividend Comparison
QQQI's dividend yield for the trailing twelve months is around 13.53%, more than USA's 11.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 13.53% | 13.82% | 12.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USA Liberty All-Star Equity Fund | 11.85% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Frequently Asked Questions
QQQI and USA have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQI has higher volatility (6.10%) compared to USA (3.16%). In terms of maximum drawdown, QQQI dropped -20.00% vs USA's -69.15%.
QQQI currently has the higher Sharpe Ratio (1.84 vs -0.36), 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.
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