TOPW vs. QQQI

Last updated Jun 9, 2026

TOPW (Roundhill Top WeeklyPay ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index, while QQQI is a Nasdaq-100 fund actively managed by Neos. TOPW is passively managed, while QQQI is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. TOPW charges 0.99%/yr vs 0.68%/yr for QQQI.

Performance

TOPW vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Top WeeklyPay ETF (TOPW) 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, TOPW achieves a 2.53% return, which is significantly lower than QQQI's 9.93% return.

TOPW

• 1D: 0.08%
• 1M: -5.06%
• YTD: 2.53%
• 6M: -5.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQI

• 1D: 1.27%
• 1M: -0.05%
• YTD: 9.93%
• 6M: 9.25%
• 1Y: 25.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOPW vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025
TOPW Roundhill Top WeeklyPay ETF	2.53%	-2.47%
QQQI NEOS Nasdaq-100 High Income ETF	9.93%	6.27%

Correlation

The correlation between TOPW 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 (All Time) Calculated using the full available price history since Sep 5, 2025	0.83

Return for Risk

TOPW vs. QQQI — Risk / Return Rank

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

QQQI

QQQI Risk / Return Rank: 64
QQQI Sharpe Ratio Rank: 63
QQQI Sortino Ratio Rank: 58
QQQI Omega Ratio Rank: 66
QQQI Calmar Ratio Rank: 60
QQQI Martin Ratio Rank: 71

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.

TOPW vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) 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.

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

Sharpe Ratios by Period

	TOPW	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	1.22	-1.22

Drawdowns

TOPW vs. QQQI - Drawdown Comparison

The maximum TOPW drawdown since its inception was -29.87%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for TOPW and QQQI.

Drawdown Indicators

	TOPW	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-29.87%	-20.00%	-9.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.61%	—
Current Drawdown Current decline from peak	-14.34%	-3.26%	-11.08%
Average Drawdown Average peak-to-trough decline	-12.88%	-2.20%	-10.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.16%	—

Volatility

Volatility by Period

	TOPW	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.60%	13.65%	+13.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.60%	17.25%	+10.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.60%	17.25%	+10.35%

TOPW vs. QQQI - Expense Ratio Comparison

TOPW has a 0.99% expense ratio, which is higher than QQQI's 0.68% expense ratio.

Dividends

TOPW vs. QQQI - Dividend Comparison

TOPW's dividend yield for the trailing twelve months is around 42.36%, more than QQQI's 13.61% yield.

Position	TTM	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	13.61%	13.82%	12.85%
TOPW Roundhill Top WeeklyPay ETF	42.36%	21.52%	0.00%

Frequently Asked Questions

Can I hold both TOPW and QQQI in my portfolio?

TOPW 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 ETF is better, TOPW 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, TOPW or QQQI?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.99% for TOPW.

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

TOPW has the higher dividend yield at 42.36%, compared with 13.61% for QQQI.

What is the main difference between TOPW and QQQI?

TOPW is categorized as Derivative Income, while QQQI is Nasdaq-100. They also come from different issuers: Roundhill Investments and Neos. Their fees differ too: 0.99% for TOPW and 0.68% for QQQI.