QQQO.L vs. QQQI

Last updated Apr 2, 2026

Compare and contrast key facts about IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) and NEOS Nasdaq-100 High Income ETF (QQQI).

QQQO.L and QQQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQO.L is an actively managed fund by Leverage Shares. It was launched on Aug 27, 2024. QQQI is an actively managed fund by Neos. It was launched on Jan 29, 2024.

Performance

QQQO.L vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) and NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

QQQO.L vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP	-8.12%	6.57%	12.88%
QQQI NEOS Nasdaq-100 High Income ETF	-1.86%	10.17%	15.39%

Different Trading Currencies

QQQO.L is traded in GBp, while QQQI is traded in USD. To make them comparable, the QQQI values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQQO.L achieves a -8.12% return, which is significantly lower than QQQI's -1.86% return.

QQQO.L

• 1D: -5.34%
• 1M: -7.36%
• YTD: -8.12%
• 6M: -5.91%
• 1Y: 6.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQI

• 1D: 0.77%
• 1M: -2.10%
• YTD: -1.86%
• 6M: 0.70%
• 1Y: 18.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQO.L vs. QQQI - Expense Ratio Comparison

QQQO.L has a 0.45% expense ratio, which is lower than QQQI's 0.68% expense ratio.

QQQI

NEOS Nasdaq-100 High Income ETF

QQQO.L

IncomeShares Nasdaq 100 Options (0DTE) ETP GBP

Return for Risk

QQQO.L vs. QQQI — Risk / Return Rank

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

QQQO.L

QQQO.L Risk / Return Rank: 21
QQQO.L Sharpe Ratio Rank: 21
QQQO.L Sortino Ratio Rank: 19
QQQO.L Omega Ratio Rank: 22
QQQO.L Calmar Ratio Rank: 23
QQQO.L Martin Ratio Rank: 23

QQQI

QQQI Risk / Return Rank: 68
QQQI Sharpe Ratio Rank: 59
QQQI Sortino Ratio Rank: 64
QQQI Omega Ratio Rank: 67
QQQI Calmar Ratio Rank: 72
QQQI Martin Ratio Rank: 78

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.

QQQO.L vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) 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.

	QQQO.L	QQQI	Difference
Sharpe ratio Return per unit of total volatility	0.35	0.92	-0.56
Sortino ratio Return per unit of downside risk	0.56	1.43	-0.87
Omega ratio Gain probability vs. loss probability	1.09	1.21	-0.13
Calmar ratio Return relative to maximum drawdown	0.53	1.82	-1.29
Martin ratio Return relative to average drawdown	1.72	6.22	-4.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQO.L vs. QQQI - Sharpe Ratio Comparison

The current QQQO.L Sharpe Ratio is 0.35, which is lower than the QQQI Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of QQQO.L and QQQI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQO.L	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	0.92	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.77	-0.41

Correlation

The correlation between QQQO.L and QQQI is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QQQO.L vs. QQQI - Dividend Comparison

QQQO.L's dividend yield for the trailing twelve months is around 99.83%, more than QQQI's 14.90% yield.

	TTM	2025	2024
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP	99.83%	124.53%	17.93%
QQQI NEOS Nasdaq-100 High Income ETF	14.90%	13.82%	12.85%

Drawdowns

QQQO.L vs. QQQI - Drawdown Comparison

The maximum QQQO.L drawdown since its inception was -21.70%, roughly equal to the maximum QQQI drawdown of -21.94%. Use the drawdown chart below to compare losses from any high point for QQQO.L and QQQI.

Drawdown Indicators

	QQQO.L	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-21.70%	-20.00%	-1.70%
Max Drawdown (1Y) Largest decline over 1 year	-11.72%	-11.46%	-0.26%
Current Drawdown Current decline from peak	-10.18%	-5.72%	-4.46%
Average Drawdown Average peak-to-trough decline	-4.80%	-2.31%	-2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.54%	+0.62%

Volatility

QQQO.L vs. QQQI - Volatility Comparison

IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) has a higher volatility of 6.72% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 5.33%. This indicates that QQQO.L's price experiences larger fluctuations and is considered to be riskier than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQO.L	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.72%	5.33%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	11.01%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	18.05%	20.06%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.21%	17.64%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	17.64%	+0.57%