SCHG vs. QQQI

Last updated Jun 5, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while QQQI is a Nasdaq-100 fund actively managed by Neos. SCHG is passively managed, while QQQI is actively managed. Over the past year, SCHG returned 24.63% vs 29.68% for QQQI. With a 0.95 correlation, they move nearly in lockstep. SCHG charges 0.04%/yr vs 0.68%/yr for QQQI.

Performance

SCHG vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Growth ETF (SCHG) 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, SCHG achieves a 6.78% return, which is significantly lower than QQQI's 13.04% return.

SCHG

• 1D: 0.35%
• 1M: 4.73%
• YTD: 6.78%
• 6M: 6.01%
• 1Y: 24.63%
• 3Y*: 25.14%
• 5Y*: 15.67%
• 10Y*: 18.74%

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)

SCHG vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SCHG Schwab U.S. Large-Cap Growth ETF	6.78%	17.50%	28.57%
QQQI NEOS Nasdaq-100 High Income ETF	13.04%	18.62%	19.83%

Correlation

The correlation between SCHG and QQQI is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.95

The correlation between SCHG and QQQI has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

SCHG vs. QQQI - Sectors Allocation Comparison

Sectors	SCHG	QQQI
Technology	46.3%	53.3%
Communication Services	16.0%	15.7%
Consumer Cyclical	12.7%	12.1%
Healthcare	7.7%	4.3%
Financial Services	6.7%	0.3%
Industrials	5.8%	3.3%
Consumer Defensive	1.7%	7.7%
Basic Materials	1.4%	1.2%
Energy	0.8%	0.7%
Real Estate	0.5%	0.1%
Utilities	0.4%	1.5%

Return for Risk

SCHG vs. QQQI — Risk / Return Rank

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

SCHG

SCHG Risk / Return Rank: 40
SCHG Sharpe Ratio Rank: 46
SCHG Sortino Ratio Rank: 44
SCHG Omega Ratio Rank: 45
SCHG Calmar Ratio Rank: 31
SCHG Martin Ratio Rank: 34

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.

SCHG vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) 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.

	SCHG	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.30	-0.70
Sortino ratio: Return per unit of downside risk	2.18	3.05	-0.87
Omega ratio: Gain probability vs. loss probability	1.28	1.42	-0.14
Calmar ratio: Return relative to maximum drawdown	1.51	3.10	-1.59
Martin ratio: Return relative to average drawdown	5.04	13.93	-8.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHG vs. QQQI - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 1.60, which is lower than the QQQI Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of SCHG 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

	SCHG	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	2.30	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.32	-0.48

Drawdowns

SCHG vs. QQQI - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for SCHG and QQQI.

Drawdown Indicators

	SCHG	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-20.00%	-14.59%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-9.61%	-6.80%
Max Drawdown (3Y) Largest decline over 3 years	-23.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	—	—
Current Drawdown Current decline from peak	-1.44%	-0.52%	-0.92%
Average Drawdown Average peak-to-trough decline	-5.20%	-2.19%	-3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	2.14%	+2.76%

Volatility

SCHG vs. QQQI - Volatility Comparison

Schwab U.S. Large-Cap Growth ETF (SCHG) has a higher volatility of 3.61% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 2.69%. This indicates that SCHG'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

	SCHG	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	2.69%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	11.62%	9.85%	+1.77%
Volatility (1Y) Calculated over the trailing 1-year period	15.49%	12.98%	+2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.26%	17.05%	+5.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.55%	17.05%	+4.50%

SCHG vs. QQQI - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

SCHG vs. QQQI - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.36%, less than QQQI's 13.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQI NEOS Nasdaq-100 High Income ETF	13.24%	13.82%	12.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHG Schwab U.S. Large-Cap Growth ETF	0.36%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both SCHG and QQQI in my portfolio?

With a correlation of 0.94, SCHG and QQQI 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, SCHG or QQQI?

SCHG has higher volatility (3.61%) compared to QQQI (2.69%). In terms of maximum drawdown, SCHG dropped -34.59% vs QQQI's -20.00%.

Which ETF is better, SCHG or QQQI?

On 1-year performance, QQQI leads with 29.68% vs 24.63% for SCHG. On fees, SCHG is cheaper at 0.04% per year. On volatility, QQQI has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHG or QQQI?

Over the 1-year period, QQQI has performed better with a 29.68% return vs 24.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHG or QQQI?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.68% for QQQI.

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

QQQI has the higher dividend yield at 13.24%, compared with 0.36% for SCHG.

What is the main difference between SCHG and QQQI?

SCHG is categorized as Large Cap Growth Equities, while QQQI is Nasdaq-100. They also come from different issuers: Charles Schwab and Neos. Their fees differ too: 0.04% for SCHG and 0.68% for QQQI.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.30 vs 1.60), 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.