QQQJ vs. QQQI

Last updated Aug 2, 2026

QQQJ (Invesco NASDAQ Next Gen 100 ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - QQQJ is a Mid Cap Growth Equities fund tracking the NASDAQ Next Generation 100 Index, while QQQI is a Nasdaq-100 fund actively managed by Neos. QQQJ is passively managed, while QQQI is actively managed. Over the past year, QQQJ returned 34.13% vs 17.94% for QQQI. Their 0.76 correlation means they have sometimes moved together and sometimes differently. QQQJ charges 0.15%/yr vs 0.68%/yr for QQQI.

Performance

QQQJ vs. QQQI - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQJ achieves a 19.53% return, which is significantly higher than QQQI's 6.90% return.

QQQJ

• 1D: 0.02%
• 1M: -3.19%
• 6M: 15.30%
• YTD: 19.53%
• 1Y: 34.13%
• 3Y*: 19.03%
• 5Y*: 6.23%
• 10Y*: —
• ALL TIME*: 9.75%

QQQI

• 1D: 0.68%
• 1M: -3.08%
• 6M: 5.69%
• YTD: 6.90%
• 1Y: 17.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQI NEOS Nasdaq-100 High Income ETF	$341.25M	$334.46M	$358.36M
QQQJ Invesco NASDAQ Next Gen 100 ETF	$4.82M	$6.21M	$6.07M

QQQJ vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQJ Invesco NASDAQ Next Gen 100 ETF	19.53%	20.44%	15.19%
QQQI NEOS Nasdaq-100 High Income ETF	6.90%	18.62%	19.44%

Correlation

The correlation between QQQJ and QQQI is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024	0.76

The correlation between QQQJ and QQQI has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.

QQQJ vs. QQQI - Sectors Allocation Comparison

Sectors	QQQJ	QQQI
Technology	34.2%	59.9%
Healthcare	23.3%	3.7%
Industrials	13.6%	4.3%
Consumer Cyclical	11.8%	10.0%
Communication Services	5.9%	12.1%
Consumer Defensive	2.9%	6.5%
Utilities	2.8%	1.2%
Basic Materials	2.5%	1.1%
Financial Services	2.0%	0.2%
Energy	1.1%	0.5%
Real Estate	-	0.1%

Return for Risk

QQQJ vs. QQQI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQJ

QQQJ Risk / Return Rank: 77
QQQJ Sharpe Ratio Rank: 76
QQQJ Sortino Ratio Rank: 76
QQQJ Omega Ratio Rank: 73
QQQJ Calmar Ratio Rank: 79
QQQJ Martin Ratio Rank: 82

QQQI

QQQI Risk / Return Rank: 43
QQQI Sharpe Ratio Rank: 40
QQQI Sortino Ratio Rank: 38
QQQI Omega Ratio Rank: 39
QQQI Calmar Ratio Rank: 47
QQQI Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQJ vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) and NEOS Nasdaq-100 High Income ETF (QQQI). 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.

	QQQJ	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	1.73	0.98	+0.75
Sortino ratio: Return per unit of downside risk	2.41	1.42	+1.00
Omega ratio: Gain probability vs. loss probability	1.30	1.18	+0.12
Calmar ratio: Return relative to maximum drawdown	2.80	1.67	+1.13
Martin ratio: Return relative to average drawdown	11.02	6.03	+5.00

QQQJ vs. QQQI - Sharpe Ratio Comparison

The current QQQJ Sharpe Ratio is 1.73, which is higher than the QQQI Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of QQQJ and QQQI, 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

QQQJ vs. QQQI - Drawdown Comparison

The maximum QQQJ drawdown since its inception was -39.57%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for QQQJ and QQQI.

Drawdown Indicators

	QQQJ	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-39.57%	-20.00%	-19.57%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-9.61%	-2.23%
Max Drawdown (3Y) Largest decline over 3 years	-22.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.57%	—	—
Current Drawdown Current decline from peak	-3.66%	-5.92%	+2.26%
Average Drawdown Average peak-to-trough decline	-15.38%	-2.27%	-13.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.67%	+0.33%

Volatility

QQQJ vs. QQQI - Volatility Comparison

The current volatility for Invesco NASDAQ Next Gen 100 ETF (QQQJ) is 3.49%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 6.53%. This indicates that QQQJ experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQJ	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	6.53%	-3.04%
Volatility (6M) Calculated over the trailing 6-month period	15.46%	13.66%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	19.15%	16.35%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.14%	17.75%	+4.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.96%	17.75%	+4.21%

QQQJ vs. QQQI - Expense Ratio Comparison

QQQJ has a 0.15% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

QQQJ vs. QQQI - Dividend Comparison

QQQJ's dividend yield for the trailing twelve months is around 0.56%, less than QQQI's 14.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QQQI NEOS Nasdaq-100 High Income ETF	14.38%	13.82%	12.85%	0.00%	0.00%	0.00%	0.00%
QQQJ Invesco NASDAQ Next Gen 100 ETF	0.56%	0.85%	0.77%	0.67%	0.76%	0.91%	0.09%

Frequently Asked Questions

Can I hold both QQQJ and QQQI in my portfolio?

QQQJ and QQQI have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQJ or QQQI?

QQQI has higher volatility (6.53%) compared to QQQJ (3.49%). In terms of maximum drawdown, QQQJ dropped -39.57% vs QQQI's -20.00%.

Which ETF is better, QQQJ or QQQI?

On 1-year performance, QQQJ leads with 34.13% vs 17.94% for QQQI. On fees, QQQJ is cheaper at 0.15% per year. On volatility, QQQJ has been the lower-risk option at 3.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQJ or QQQI?

Over the 1-year period, QQQJ has performed better with a 34.13% return vs 17.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQJ or QQQI?

QQQJ is cheaper with a 0.15% expense ratio, compared with 0.68% for QQQI.

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

QQQI has the higher dividend yield at 14.38%, compared with 0.56% for QQQJ.

What is the main difference between QQQJ and QQQI?

QQQJ is categorized as Mid Cap Growth Equities, while QQQI is Nasdaq-100. They also come from different issuers: Invesco and Neos. Their fees differ too: 0.15% for QQQJ and 0.68% for QQQI.

Which has better risk-adjusted returns?

QQQJ currently has the higher Sharpe Ratio (1.73 vs 0.98), 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.