WTPI vs. QQQI
WTPI (WisdomTree Equity Premium Income Fund) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - WTPI is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index, while QQQI is a Nasdaq-100 fund actively managed by Neos. WTPI is passively managed, while QQQI is actively managed. Over the past year, WTPI returned 16.02% vs 17.94% for QQQI. Their correlation of 0.83 means they have usually moved in the same direction. WTPI charges 0.44%/yr vs 0.68%/yr for QQQI.
Performance
WTPI vs. QQQI - Performance Comparison
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Returns By Period
In the year-to-date period, WTPI achieves a 5.32% return, which is significantly lower than QQQI's 6.90% return.
WTPI
- 1D
- 0.55%
- 1M
- 0.95%
- 6M
- 2.85%
- YTD
- 5.32%
- 1Y
- 16.02%
- 3Y*
- 12.46%
- 5Y*
- 9.43%
- 10Y*
- 8.14%
- ALL TIME*
- 8.55%
QQQI
- 1D
- 0.68%
- 1M
- -3.08%
- 6M
- 5.69%
- YTD
- 6.90%
- 1Y
- 17.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $341.25M | $334.46M | $358.36M | |
| $3.48M | $3.05M | $2.95M |
WTPI vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 5.32% | 14.45% | 13.76% |
QQQI NEOS Nasdaq-100 High Income ETF | 6.90% | 18.62% | 19.44% |
Correlation
The correlation between WTPI and QQQI is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.83 |
The correlation between WTPI and QQQI has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.
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Return for Risk
WTPI vs. QQQI — Risk / Return Rank
WTPI
QQQI
WTPI vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) 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.
| WTPI | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.18 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.67 | +0.39 |
| Martin ratioReturn relative to average drawdown | 9.57 | 6.03 | +3.54 |
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Drawdowns
WTPI vs. QQQI - Drawdown Comparison
The maximum WTPI drawdown since its inception was -28.40%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for WTPI and QQQI.
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Drawdown Indicators
| WTPI | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -20.00% | -8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -9.61% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.92% | +5.92% |
Average DrawdownAverage peak-to-trough decline | -3.40% | -2.27% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.67% | -1.13% |
Volatility
WTPI vs. QQQI - Volatility Comparison
The current volatility for WisdomTree Equity Premium Income Fund (WTPI) is 2.46%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 6.53%. This indicates that WTPI 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.
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Volatility by Period
| WTPI | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 6.53% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.47% | 13.66% | -6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.54% | 16.35% | -6.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 17.75% | -5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 17.75% | -4.50% |
WTPI vs. QQQI - Expense Ratio Comparison
WTPI has a 0.44% expense ratio, which is lower than QQQI's 0.68% expense ratio.
Dividends
WTPI vs. QQQI - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.22%, less than QQQI's 14.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 14.38% | 13.82% | 12.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTPI WisdomTree Equity Premium Income Fund | 12.22% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
Frequently Asked Questions
WTPI and QQQI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQI has higher volatility (6.53%) compared to WTPI (2.46%). In terms of maximum drawdown, WTPI dropped -28.40% vs QQQI's -20.00%.
On 1-year performance, QQQI leads with 17.94% vs 16.02% for WTPI. On fees, WTPI is cheaper at 0.44% per year. On volatility, WTPI has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQI has performed better with a 17.94% return vs 16.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTPI is cheaper with a 0.44% expense ratio, compared with 0.68% for QQQI.
QQQI has the higher dividend yield at 14.38%, compared with 12.22% for WTPI.
WTPI is categorized as Derivative Income, while QQQI is Nasdaq-100. They also come from different issuers: WisdomTree and Neos. Their fees differ too: 0.44% for WTPI and 0.68% for QQQI.
WTPI currently has the higher Sharpe Ratio (1.54 vs 0.98), 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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