UTG vs. QQQI
UTG (Reaves Utility Income Trust) is a stock, while QQQI (NEOS Nasdaq-100 High Income ETF) is Nasdaq-100 fund actively managed by Neos. Over the past year, UTG returned 23.56% vs 25.86% for QQQI. At a 0.33 correlation, their price movements are largely independent.
Performance
UTG vs. QQQI - Performance Comparison
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Returns By Period
In the year-to-date period, UTG achieves a 13.63% return, which is significantly higher than QQQI's 10.58% return.
UTG
- 1D
- 1.59%
- 1M
- -4.80%
- YTD
- 13.63%
- 6M
- 13.46%
- 1Y
- 23.56%
- 3Y*
- 22.50%
- 5Y*
- 10.71%
- 10Y*
- 10.23%
QQQI
- 1D
- 0.70%
- 1M
- 0.26%
- YTD
- 10.58%
- 6M
- 11.20%
- 1Y
- 25.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTG vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UTG Reaves Utility Income Trust | 13.63% | 23.24% | 29.90% |
QQQI NEOS Nasdaq-100 High Income ETF | 10.58% | 18.62% | 19.44% |
Correlation
The correlation between UTG and QQQI is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.33 |
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Return for Risk
UTG vs. QQQI — Risk / Return Rank
UTG
QQQI
UTG vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reaves Utility Income Trust (UTG) 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.
| UTG | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.70 | -0.66 |
| Martin ratioReturn relative to average drawdown | 4.45 | 11.63 | -7.18 |
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Drawdowns
UTG vs. QQQI - Drawdown Comparison
The maximum UTG drawdown since its inception was -67.77%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for UTG and QQQI.
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Drawdown Indicators
| UTG | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.77% | -20.00% | -47.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -9.61% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.91% | — | — |
Current DrawdownCurrent decline from peak | -6.18% | -2.69% | -3.49% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -2.21% | -6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 2.23% | +3.08% |
Volatility
UTG vs. QQQI - Volatility Comparison
Reaves Utility Income Trust (UTG) and NEOS Nasdaq-100 High Income ETF (QQQI) have volatilities of 6.31% and 6.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTG | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 6.10% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.12% | 11.35% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.96% | 14.10% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 17.34% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.61% | 17.34% | +4.27% |
Dividends
UTG vs. QQQI - Dividend Comparison
UTG's dividend yield for the trailing twelve months is around 5.86%, less than QQQI's 13.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 13.53% | 13.82% | 12.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UTG Reaves Utility Income Trust | 5.86% | 6.42% | 7.19% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.21% | 9.02% | 6.86% |
Frequently Asked Questions
UTG and QQQI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTG has higher volatility (6.31%) compared to QQQI (6.10%). In terms of maximum drawdown, UTG dropped -67.77% vs QQQI's -20.00%.
QQQI currently has the higher Sharpe Ratio (1.84 vs 1.40), 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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