WDTE vs. QQQI

Last updated Jun 4, 2026

WDTE (Defiance S&P 500 Enhanced Options & 0DTE Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - WDTE is a Derivative Income fund actively managed by Defiance, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Over the past year, WDTE returned 24.07% vs 30.41% for QQQI. Their correlation of 0.85 suggests significant overlap in exposure. WDTE charges 1.01%/yr vs 0.68%/yr for QQQI.

Performance

WDTE vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) 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, WDTE achieves a 10.59% return, which is significantly lower than QQQI's 13.43% return.

WDTE

• 1D: -0.53%
• 1M: 4.43%
• YTD: 10.59%
• 6M: 11.04%
• 1Y: 24.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQI

• 1D: -0.17%
• 1M: 6.91%
• YTD: 13.43%
• 6M: 12.92%
• 1Y: 30.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDTE vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	10.59%	13.60%	7.76%
QQQI NEOS Nasdaq-100 High Income ETF	13.43%	18.62%	19.83%

Correlation

The correlation between WDTE and QQQI is 0.87, 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	0.87
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.85

The correlation between WDTE and QQQI has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

WDTE vs. QQQI - Sectors Allocation Comparison

Sectors	WDTE	QQQI
Technology	35.6%	53.3%
Financial Services	11.8%	0.3%
Communication Services	11.2%	15.7%
Consumer Cyclical	10.1%	12.1%
Healthcare	8.5%	4.3%
Industrials	8.3%	3.3%
Consumer Defensive	4.9%	7.7%
Energy	3.5%	0.7%
Utilities	2.4%	1.5%
Real Estate	1.9%	0.1%
Basic Materials	1.8%	1.2%

Return for Risk

WDTE vs. QQQI — Risk / Return Rank

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

WDTE

WDTE Risk / Return Rank: 71
WDTE Sharpe Ratio Rank: 71
WDTE Sortino Ratio Rank: 65
WDTE Omega Ratio Rank: 76
WDTE Calmar Ratio Rank: 63
WDTE Martin Ratio Rank: 79

QQQI

QQQI Risk / Return Rank: 68
QQQI Sharpe Ratio Rank: 70
QQQI Sortino Ratio Rank: 66
QQQI Omega Ratio Rank: 70
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.

WDTE vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) 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.

	WDTE	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.35	0.00
Sortino ratio: Return per unit of downside risk	3.06	3.12	-0.06
Omega ratio: Gain probability vs. loss probability	1.46	1.43	+0.03
Calmar ratio: Return relative to maximum drawdown	3.16	3.18	-0.02
Martin ratio: Return relative to average drawdown	15.52	14.27	+1.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WDTE vs. QQQI - Sharpe Ratio Comparison

The current WDTE Sharpe Ratio is 2.35, which is comparable to the QQQI Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of WDTE 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

	WDTE	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.35	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.34	0.00

Drawdowns

WDTE vs. QQQI - Drawdown Comparison

The maximum WDTE drawdown since its inception was -15.85%, smaller than the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for WDTE and QQQI.

Drawdown Indicators

	WDTE	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-15.85%	-20.00%	+4.15%
Max Drawdown (1Y) Largest decline over 1 year	-7.65%	-9.61%	+1.96%
Current Drawdown Current decline from peak	-0.53%	-0.17%	-0.36%
Average Drawdown Average peak-to-trough decline	-1.82%	-2.20%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	2.14%	-0.59%

Volatility

WDTE vs. QQQI - Volatility Comparison

The current volatility for Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) is 2.37%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 2.68%. This indicates that WDTE experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDTE	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	2.68%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	9.85%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	10.28%	12.98%	-2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.34%	17.07%	-5.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.34%	17.07%	-5.73%

WDTE vs. QQQI - Expense Ratio Comparison

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

Dividends

WDTE vs. QQQI - Dividend Comparison

WDTE's dividend yield for the trailing twelve months is around 31.86%, more than QQQI's 13.19% yield.

Position	TTM	2025	2024	2023
QQQI NEOS Nasdaq-100 High Income ETF	13.19%	13.82%	12.85%	0.00%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	31.86%	35.78%	51.80%	16.41%

Frequently Asked Questions

Can I hold both WDTE and QQQI in my portfolio?

WDTE and QQQI have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WDTE or QQQI?

QQQI has higher volatility (2.68%) compared to WDTE (2.37%). In terms of maximum drawdown, WDTE dropped -15.85% vs QQQI's -20.00%.

Which ETF is better, WDTE or QQQI?

On 1-year performance, QQQI leads with 30.41% vs 24.07% for WDTE. On fees, QQQI is cheaper at 0.68% per year. On volatility, WDTE has been the lower-risk option at 2.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WDTE or QQQI?

Over the 1-year period, QQQI has performed better with a 30.41% return vs 24.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WDTE or QQQI?

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

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

WDTE has the higher dividend yield at 31.86%, compared with 13.19% for QQQI.

What is the main difference between WDTE and QQQI?

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

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.35 vs 2.35), 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.