SNDL vs. QQQI
SNDL (Sundial Growers Inc.) is a stock, while QQQI (NEOS Nasdaq-100 High Income ETF) is Nasdaq-100 fund actively managed by Neos. Over the past year, SNDL returned -17.72% vs 22.96% for QQQI. At a 0.27 correlation, their price movements are largely independent.
Performance
SNDL vs. QQQI - Performance Comparison
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Returns By Period
In the year-to-date period, SNDL achieves a -21.69% return, which is significantly lower than QQQI's 11.53% return.
SNDL
- 1D
- -0.76%
- 1M
- -8.45%
- 6M
- -21.21%
- YTD
- -21.69%
- 1Y
- -17.72%
- 3Y*
- -2.44%
- 5Y*
- -30.76%
- 10Y*
- —
QQQI
- 1D
- 1.03%
- 1M
- 0.87%
- 6M
- 9.92%
- YTD
- 11.53%
- 1Y
- 22.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SNDL vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SNDL Sundial Growers Inc. | -21.69% | -7.26% | 26.95% |
QQQI NEOS Nasdaq-100 High Income ETF | 11.53% | 18.62% | 19.44% |
Correlation
The correlation between SNDL and QQQI is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.27 |
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Return for Risk
SNDL vs. QQQI — Risk / Return Rank
SNDL
QQQI
SNDL vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sundial Growers Inc. (SNDL) 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.
| SNDL | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.28 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 2.40 | -2.73 |
| Martin ratioReturn relative to average drawdown | -0.46 | 9.90 | -10.37 |
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Drawdowns
SNDL vs. QQQI - Drawdown Comparison
The maximum SNDL drawdown since its inception was -99.07%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for SNDL and QQQI.
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Drawdown Indicators
| SNDL | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -20.00% | -79.07% |
Max Drawdown (1Y)Largest decline over 1 year | -54.17% | -9.61% | -44.56% |
Max Drawdown (3Y)Largest decline over 3 years | -54.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -86.85% | — | — |
Current DrawdownCurrent decline from peak | -99.00% | -1.84% | -97.16% |
Average DrawdownAverage peak-to-trough decline | -94.48% | -2.21% | -92.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.18% | 2.32% | +35.86% |
Volatility
SNDL vs. QQQI - Volatility Comparison
Sundial Growers Inc. (SNDL) has a higher volatility of 9.02% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 6.94%. This indicates that SNDL'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.
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Volatility by Period
| SNDL | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.02% | 6.94% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 29.73% | 12.78% | +16.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.55% | 15.44% | +52.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.17% | 17.60% | +52.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.34% | 17.60% | +96.74% |
Dividends
SNDL vs. QQQI - Dividend Comparison
SNDL has not paid dividends to shareholders, while QQQI's dividend yield for the trailing twelve months is around 13.62%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 13.62% | 13.82% | 12.85% |
SNDL Sundial Growers Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNDL and QQQI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNDL has higher volatility (9.02%) compared to QQQI (6.94%). In terms of maximum drawdown, SNDL dropped -99.07% vs QQQI's -20.00%.
QQQI currently has the higher Sharpe Ratio (1.49 vs -0.27), 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.
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