QQQI vs. USD=X

Last updated Jun 9, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) is Nasdaq-100 fund actively managed by Neos, while USD=X (USD Cash) is a currency. Over the past year, QQQI returned 25.86% vs 0.00% for USD=X.

Performance

QQQI vs. USD=X - Performance Comparison

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

Returns By Period

QQQI

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

USD=X

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: 0.00%
• 5Y*: 0.00%
• 10Y*: 0.00%

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

QQQI vs. USD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	9.93%	18.62%	19.83%
USD=X USD Cash	0.00%	0.00%	0.00%

Return for Risk

QQQI vs. USD=X — 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. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and USD Cash (USD=X). 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	USD=X	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	USD=X	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	—	—

Drawdowns

QQQI vs. USD=X - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QQQI and USD=X.

Drawdown Indicators

	QQQI	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	0.00%	-20.00%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	0.00%	-9.61%
Max Drawdown (3Y) Largest decline over 3 years	—	0.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	0.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	0.00%	—
Current Drawdown Current decline from peak	-3.26%	0.00%	-3.26%
Average Drawdown Average peak-to-trough decline	-2.20%	0.00%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	0.00%	+2.16%

Volatility

QQQI vs. USD=X - Volatility Comparison

NEOS Nasdaq-100 High Income ETF (QQQI) has a higher volatility of 5.07% compared to USD Cash (USD=X) at 0.00%. This indicates that QQQI's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQI	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	0.00%	+5.07%
Volatility (6M) Calculated over the trailing 6-month period	10.75%	0.00%	+10.75%
Volatility (1Y) Calculated over the trailing 1-year period	13.65%	0.00%	+13.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	0.00%	+17.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	0.00%	+17.25%

Frequently Asked Questions

Which is riskier, QQQI or USD=X?

QQQI has higher volatility (5.07%) compared to USD=X (0.00%). In terms of maximum drawdown, QQQI dropped -20.00% vs USD=X's 0.00%.