QQQI vs. XDTE

Last updated Jun 9, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while XDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, QQQI returned 25.86% vs 22.20% for XDTE. Their correlation of 0.93 suggests significant overlap in exposure. QQQI charges 0.68%/yr vs 0.97%/yr for XDTE.

Performance

QQQI vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq-100 High Income ETF (QQQI) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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 XDTE's 6.69% return.

QQQI

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

XDTE

• 1D: 0.31%
• 1M: -0.27%
• YTD: 6.69%
• 6M: 6.52%
• 1Y: 22.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQI vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	9.93%	18.62%	15.03%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	6.69%	12.60%	16.39%

Correlation

The correlation between QQQI and XDTE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.93

The correlation between QQQI and XDTE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

QQQI vs. XDTE - Sectors Allocation Comparison

Sectors	QQQI	XDTE
Technology	53.3%	35.6%
Communication Services	15.7%	11.2%
Consumer Cyclical	12.1%	10.1%
Consumer Defensive	7.7%	4.9%
Healthcare	4.3%	8.5%
Industrials	3.3%	8.3%
Utilities	1.5%	2.4%
Basic Materials	1.2%	1.8%
Energy	0.7%	3.5%
Financial Services	0.3%	11.8%
Real Estate	0.1%	1.9%

Return for Risk

QQQI vs. XDTE — 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

XDTE

XDTE Risk / Return Rank: 68
XDTE Sharpe Ratio Rank: 67
XDTE Sortino Ratio Rank: 63
XDTE Omega Ratio Rank: 68
XDTE Calmar Ratio Rank: 64
XDTE Martin Ratio Rank: 76

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. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.99	-0.08
Sortino ratio: Return per unit of downside risk	2.48	2.64	-0.15
Omega ratio: Gain probability vs. loss probability	1.36	1.37	-0.01
Calmar ratio: Return relative to maximum drawdown	2.70	2.90	-0.20
Martin ratio: Return relative to average drawdown	11.98	13.13	-1.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQI vs. XDTE - Sharpe Ratio Comparison

The current QQQI Sharpe Ratio is 1.91, which is comparable to the XDTE Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of QQQI and XDTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQI	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	1.99	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	1.16	+0.06

Drawdowns

QQQI vs. XDTE - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, roughly equal to the maximum XDTE drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for QQQI and XDTE.

Drawdown Indicators

	QQQI	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-19.09%	-0.91%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-7.68%	-1.93%
Current Drawdown Current decline from peak	-3.26%	-2.61%	-0.65%
Average Drawdown Average peak-to-trough decline	-2.20%	-2.31%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	1.69%	+0.47%

Volatility

QQQI vs. XDTE - Volatility Comparison

NEOS Nasdaq-100 High Income ETF (QQQI) has a higher volatility of 5.07% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.50%. This indicates that QQQI's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQI	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	3.50%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	10.75%	8.68%	+2.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.65%	11.25%	+2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	13.92%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	13.92%	+3.33%

QQQI vs. XDTE - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is lower than XDTE's 0.97% expense ratio.

Dividends

QQQI vs. XDTE - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 13.61%, less than XDTE's 33.68% yield.

Position	TTM	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	13.61%	13.82%	12.85%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.68%	39.16%	20.35%

Frequently Asked Questions

Can I hold both QQQI and XDTE in my portfolio?

With a correlation of 0.92, QQQI and XDTE 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 XDTE?

QQQI has higher volatility (5.07%) compared to XDTE (3.50%). In terms of maximum drawdown, QQQI dropped -20.00% vs XDTE's -19.09%.

Which ETF is better, QQQI or XDTE?

On 1-year performance, QQQI leads with 25.86% vs 22.20% for XDTE. On fees, QQQI is cheaper at 0.68% per year. On volatility, XDTE has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQI or XDTE?

Over the 1-year period, QQQI has performed better with a 25.86% return vs 22.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQI or XDTE?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.97% for XDTE.

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

XDTE has the higher dividend yield at 33.68%, compared with 13.61% for QQQI.

What is the main difference between QQQI and XDTE?

QQQI is categorized as Nasdaq-100, while XDTE is Derivative Income. They also come from different issuers: Neos and Roundhill. Their fees differ too: 0.68% for QQQI and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.99 vs 1.91), 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.