QRMI vs. QQQI

Last updated Jun 5, 2026

QRMI (Global X NASDAQ 100 Risk Managed Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both Nasdaq-100 funds. Both are actively managed. Over the past year, QRMI returned 9.82% vs 29.68% for QQQI. A 0.76 correlation means they provide meaningful diversification when combined. QRMI charges 0.60%/yr vs 0.68%/yr for QQQI.

Performance

QRMI vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Risk Managed Income ETF (QRMI) 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, QRMI achieves a 2.50% return, which is significantly lower than QQQI's 13.04% return.

QRMI

• 1D: -0.10%
• 1M: 1.55%
• YTD: 2.50%
• 6M: 3.76%
• 1Y: 9.82%
• 3Y*: 7.03%
• 5Y*: —
• 10Y*: —

QQQI

• 1D: -0.35%
• 1M: 5.60%
• YTD: 13.04%
• 6M: 12.57%
• 1Y: 29.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QRMI vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QRMI Global X NASDAQ 100 Risk Managed Income ETF	2.50%	3.76%	12.34%
QQQI NEOS Nasdaq-100 High Income ETF	13.04%	18.62%	19.83%

Correlation

The correlation between QRMI and QQQI is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.76

The correlation between QRMI and QQQI has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

QRMI vs. QQQI - Sectors Allocation Comparison

Sectors	QRMI	QQQI
Technology	53.8%	53.3%
Communication Services	15.8%	15.7%
Consumer Cyclical	12.2%	12.1%
Consumer Defensive	7.7%	7.7%
Healthcare	4.2%	4.3%
Industrials	2.8%	3.3%
Utilities	1.4%	1.5%
Basic Materials	1.1%	1.2%
Energy	0.6%	0.7%
Financial Services	0.2%	0.3%
Real Estate	0.1%	0.1%

Return for Risk

QRMI vs. QQQI — Risk / Return Rank

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

QRMI

QRMI Risk / Return Rank: 50
QRMI Sharpe Ratio Rank: 51
QRMI Sortino Ratio Rank: 48
QRMI Omega Ratio Rank: 58
QRMI Calmar Ratio Rank: 40
QRMI Martin Ratio Rank: 51

QQQI

QQQI Risk / Return Rank: 70
QQQI Sharpe Ratio Rank: 72
QQQI Sortino Ratio Rank: 68
QQQI Omega Ratio Rank: 72
QQQI Calmar Ratio Rank: 63
QQQI Martin Ratio Rank: 74

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.

QRMI vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) 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.

	QRMI	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.30	-0.57
Sortino ratio: Return per unit of downside risk	2.33	3.05	-0.73
Omega ratio: Gain probability vs. loss probability	1.35	1.42	-0.07
Calmar ratio: Return relative to maximum drawdown	1.96	3.10	-1.15
Martin ratio: Return relative to average drawdown	8.60	13.93	-5.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QRMI vs. QQQI - Sharpe Ratio Comparison

The current QRMI Sharpe Ratio is 1.72, which is comparable to the QQQI Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of QRMI 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.

Sharpe Ratios by Period

	QRMI	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.30	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	1.32	-1.10

Drawdowns

QRMI vs. QQQI - Drawdown Comparison

The maximum QRMI drawdown since its inception was -20.95%, roughly equal to the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for QRMI and QQQI.

Drawdown Indicators

	QRMI	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-20.00%	-0.95%
Max Drawdown (1Y) Largest decline over 1 year	-5.04%	-9.61%	+4.57%
Max Drawdown (3Y) Largest decline over 3 years	-8.43%	—	—
Current Drawdown Current decline from peak	-0.10%	-0.52%	+0.42%
Average Drawdown Average peak-to-trough decline	-7.98%	-2.19%	-5.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	2.14%	-1.00%

Volatility

QRMI vs. QQQI - Volatility Comparison

The current volatility for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is 0.67%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 2.69%. This indicates that QRMI 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

	QRMI	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	2.69%	-2.02%
Volatility (6M) Calculated over the trailing 6-month period	4.43%	9.85%	-5.42%
Volatility (1Y) Calculated over the trailing 1-year period	5.72%	12.98%	-7.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.33%	17.05%	-8.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.33%	17.05%	-8.72%

QRMI vs. QQQI - Expense Ratio Comparison

QRMI has a 0.60% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

QRMI vs. QQQI - Dividend Comparison

QRMI's dividend yield for the trailing twelve months is around 12.20%, less than QQQI's 13.24% yield.

Position	TTM	2025	2024	2023	2022	2021
QQQI NEOS Nasdaq-100 High Income ETF	13.24%	13.82%	12.85%	0.00%	0.00%	0.00%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	12.20%	12.28%	11.80%	12.44%	10.65%	3.36%

Frequently Asked Questions

Can I hold both QRMI and QQQI in my portfolio?

QRMI and QQQI have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QRMI or QQQI?

QQQI has higher volatility (2.69%) compared to QRMI (0.67%). In terms of maximum drawdown, QRMI dropped -20.95% vs QQQI's -20.00%.

Which ETF is better, QRMI or QQQI?

On 1-year performance, QQQI leads with 29.68% vs 9.82% for QRMI. On fees, QRMI is cheaper at 0.60% per year. On volatility, QRMI has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QRMI or QQQI?

Over the 1-year period, QQQI has performed better with a 29.68% return vs 9.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QRMI or QQQI?

QRMI is cheaper with a 0.60% expense ratio, compared with 0.68% for QQQI.

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

QQQI has the higher dividend yield at 13.24%, compared with 12.20% for QRMI.

What is the main difference between QRMI and QQQI?

They also come from different issuers: Global X and Neos. Their fees differ too: 0.60% for QRMI and 0.68% for QQQI.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.30 vs 1.72), 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.