QQQI vs. XSMO

Last updated Jun 14, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and XSMO (Invesco S&P SmallCap Momentum ETF) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while XSMO is a Momentum fund tracking the S&P SmallCap 600 Momentum Index. QQQI is actively managed, while XSMO is passively managed. Over the past year, QQQI returned 27.00% vs 37.87% for XSMO. A 0.64 correlation means they provide meaningful diversification when combined. QQQI charges 0.68%/yr vs 0.36%/yr for XSMO.

Performance

QQQI vs. XSMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq-100 High Income ETF (QQQI) and Invesco S&P SmallCap Momentum ETF (XSMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQI achieves a 10.58% return, which is significantly lower than XSMO's 24.80% return.

QQQI

• 1D: 0.70%
• 1M: 0.70%
• YTD: 10.58%
• 6M: 11.20%
• 1Y: 27.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XSMO

• 1D: 1.22%
• 1M: 5.85%
• YTD: 24.80%
• 6M: 20.56%
• 1Y: 37.87%
• 3Y*: 24.32%
• 5Y*: 11.65%
• 10Y*: 15.17%

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

QQQI vs. XSMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	10.58%	18.62%	19.44%
XSMO Invesco S&P SmallCap Momentum ETF	24.80%	9.80%	16.80%

Correlation

The correlation between QQQI and XSMO is 0.65, 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	0.65
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024	0.64

The correlation between QQQI and XSMO has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.

QQQI vs. XSMO - Sectors Allocation Comparison

Sectors	QQQI	XSMO
Technology	58.1%	22.1%
Communication Services	14.2%	4.5%
Consumer Cyclical	11.3%	8.6%
Consumer Defensive	6.5%	2.4%
Healthcare	3.9%	14.3%
Industrials	3.0%	18.7%
Utilities	1.3%	3.5%
Basic Materials	1.0%	6.0%
Energy	0.5%	2.9%
Financial Services	0.2%	12.2%
Real Estate	0.1%	4.9%

Return for Risk

QQQI vs. XSMO — Risk / Return Rank

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

QQQI

QQQI Risk / Return Rank: 65
QQQI Sharpe Ratio Rank: 65
QQQI Sortino Ratio Rank: 59
QQQI Omega Ratio Rank: 67
QQQI Calmar Ratio Rank: 62
QQQI Martin Ratio Rank: 72

XSMO

XSMO Risk / Return Rank: 70
XSMO Sharpe Ratio Rank: 63
XSMO Sortino Ratio Rank: 66
XSMO Omega Ratio Rank: 58
XSMO Calmar Ratio Rank: 84
XSMO Martin Ratio Rank: 80

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. XSMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and Invesco S&P SmallCap Momentum ETF (XSMO). 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	XSMO	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.82	+0.02
Sortino ratio: Return per unit of downside risk	2.43	2.62	-0.18
Omega ratio: Gain probability vs. loss probability	1.34	1.31	+0.03
Calmar ratio: Return relative to maximum drawdown	2.70	3.98	-1.27
Martin ratio: Return relative to average drawdown	11.63	13.44	-1.82

QQQI vs. XSMO - Sharpe Ratio Comparison

The current QQQI Sharpe Ratio is 1.84, which is comparable to the XSMO Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of QQQI and XSMO, 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. XSMO - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum XSMO drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for QQQI and XSMO.

Drawdown Indicators

	QQQI	XSMO	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-58.06%	+38.06%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-8.89%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.39%	—
Current Drawdown Current decline from peak	-2.69%	0.00%	-2.69%
Average Drawdown Average peak-to-trough decline	-2.21%	-11.12%	+8.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.63%	-0.40%

Volatility

QQQI vs. XSMO - Volatility Comparison

The current volatility for NEOS Nasdaq-100 High Income ETF (QQQI) is 6.10%, while Invesco S&P SmallCap Momentum ETF (XSMO) has a volatility of 7.71%. This indicates that QQQI experiences smaller price fluctuations and is considered to be less risky than XSMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQI	XSMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	7.71%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	11.35%	14.99%	-3.64%
Volatility (1Y) Calculated over the trailing 1-year period	14.10%	19.42%	-5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	22.63%	-5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	24.15%	-6.81%

QQQI vs. XSMO - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is higher than XSMO's 0.36% expense ratio.

Dividends

QQQI vs. XSMO - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 13.53%, more than XSMO's 0.52% 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%
XSMO Invesco S&P SmallCap Momentum ETF	0.52%	0.75%	0.63%	0.96%	1.19%	0.30%	0.82%	0.69%	0.66%	0.27%	0.30%	0.35%

Frequently Asked Questions

Can I hold both QQQI and XSMO in my portfolio?

QQQI and XSMO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQI or XSMO?

XSMO has higher volatility (7.71%) compared to QQQI (6.10%). In terms of maximum drawdown, QQQI dropped -20.00% vs XSMO's -58.06%.

Which ETF is better, QQQI or XSMO?

On 1-year performance, XSMO leads with 37.87% vs 27.00% for QQQI. On fees, XSMO is cheaper at 0.36% per year. On volatility, QQQI has been the lower-risk option at 6.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQI or XSMO?

Over the 1-year period, XSMO has performed better with a 37.87% return vs 27.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQI or XSMO?

XSMO is cheaper with a 0.36% expense ratio, compared with 0.68% for QQQI.

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

QQQI has the higher dividend yield at 13.53%, compared with 0.52% for XSMO.

What is the main difference between QQQI and XSMO?

QQQI is categorized as Nasdaq-100, while XSMO is Momentum. They also come from different issuers: Neos and Invesco. Their fees differ too: 0.68% for QQQI and 0.36% for XSMO.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (1.84 vs 1.82), 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.