SQY vs. QQQI

Last updated Jul 17, 2026

SQY (YieldMax SQ Option Income Strategy ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - SQY is a Derivative Income fund actively managed by YieldMax, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. SQY charges 1.01%/yr vs 0.68%/yr for QQQI.

Performance

SQY vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax SQ Option Income Strategy ETF (SQY) and NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SQY

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQI

• 1D: -1.58%
• 1M: -2.07%
• 6M: 8.49%
• YTD: 9.56%
• 1Y: 20.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

SQY vs. QQQI — Risk / Return Rank

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

SQY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQI

QQQI Risk / Return Rank: 50
QQQI Sharpe Ratio Rank: 46
QQQI Sortino Ratio Rank: 43
QQQI Omega Ratio Rank: 46
QQQI Calmar Ratio Rank: 52
QQQI Martin Ratio Rank: 62

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.

SQY vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax SQ Option Income Strategy ETF (SQY) 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.

	SQY	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.33	—
Sortino ratio: Return per unit of downside risk	—	1.82	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.15	—
Martin ratio: Return relative to average drawdown	—	8.80	—

Drawdowns

Drawdown Indicators

	SQY	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	—	-20.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.61%	—
Current Drawdown Current decline from peak	—	-3.58%	—
Average Drawdown Average peak-to-trough decline	—	-2.21%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.34%	—

Volatility

Volatility by Period

	SQY	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.53%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.60%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.60%	—

SQY vs. QQQI - Expense Ratio Comparison

SQY has a 1.01% expense ratio, which is higher than QQQI's 0.68% expense ratio.

Dividends

SQY vs. QQQI - Dividend Comparison

SQY has not paid dividends to shareholders, while QQQI's dividend yield for the trailing twelve months is around 13.87%.

Position	TTM	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	13.87%	13.82%	12.85%
SQY YieldMax SQ Option Income Strategy ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, SQY or QQQI?

On fees, QQQI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SQY or QQQI?

QQQI is cheaper with a 0.68% expense ratio, compared with 1.01% for SQY.

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

QQQI has the higher dividend yield at 13.87%, compared with 0.00% for SQY.

What is the main difference between SQY and QQQI?

SQY is categorized as Derivative Income, while QQQI is Nasdaq-100. They also come from different issuers: YieldMax and Neos. Their fees differ too: 1.01% for SQY and 0.68% for QQQI.