XFLT vs. QQQI
XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust) is a stock, while QQQI (NEOS Nasdaq-100 High Income ETF) is Nasdaq-100 fund actively managed by Neos. Over the past year, XFLT returned -24.43% vs 29.68% for QQQI. At a 0.18 correlation, their price movements are largely independent.
Performance
XFLT vs. QQQI - Performance Comparison
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Returns By Period
In the year-to-date period, XFLT achieves a -18.15% return, which is significantly lower than QQQI's 13.04% return.
XFLT
- 1D
- 0.05%
- 1M
- -1.84%
- YTD
- -18.15%
- 6M
- -13.46%
- 1Y
- -24.43%
- 3Y*
- -4.10%
- 5Y*
- -4.21%
- 10Y*
- —
QQQI
- 1D
- -0.35%
- 1M
- 5.60%
- YTD
- 13.04%
- 6M
- 12.57%
- 1Y
- 29.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XFLT vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | -18.15% | -15.35% | 2.94% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.04% | 18.62% | 19.83% |
Correlation
The correlation between XFLT and QQQI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024 | 0.18 |
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Return for Risk
XFLT vs. QQQI — Risk / Return Rank
XFLT
QQQI
XFLT vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) 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.
| XFLT | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.50 | ||
| Sortino ratioReturn per unit of downside risk | -4.80 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.42 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 3.10 | -3.71 |
| Martin ratioReturn relative to average drawdown | -1.28 | 13.93 | -15.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XFLT | QQQI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.20 | 2.30 | -3.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 1.32 | -1.30 |
Drawdowns
XFLT vs. QQQI - Drawdown Comparison
The maximum XFLT drawdown since its inception was -55.43%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for XFLT and QQQI.
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Drawdown Indicators
| XFLT | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.43% | -20.00% | -35.43% |
Max Drawdown (1Y)Largest decline over 1 year | -40.67% | -9.61% | -31.06% |
Max Drawdown (3Y)Largest decline over 3 years | -47.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.04% | — | — |
Current DrawdownCurrent decline from peak | -34.92% | -0.52% | -34.40% |
Average DrawdownAverage peak-to-trough decline | -14.38% | -2.19% | -12.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.15% | 2.14% | +17.01% |
Volatility
XFLT vs. QQQI - Volatility Comparison
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has a higher volatility of 3.18% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 2.69%. This indicates that XFLT's price experiences larger fluctuations and is considered to be riskier 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
| XFLT | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 2.69% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 18.31% | 9.85% | +8.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.38% | 12.98% | +7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.10% | 17.05% | +4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.17% | 17.05% | +9.12% |
Dividends
XFLT vs. QQQI - Dividend Comparison
XFLT's dividend yield for the trailing twelve months is around 20.77%, more than QQQI's 13.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 13.24% | 13.82% | 12.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 20.77% | 18.23% | 15.24% | 13.61% | 13.86% | 9.82% | 10.64% | 10.63% | 11.33% | 1.47% |
Frequently Asked Questions
XFLT and QQQI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XFLT has higher volatility (3.18%) compared to QQQI (2.69%). In terms of maximum drawdown, XFLT dropped -55.43% vs QQQI's -20.00%.
QQQI currently has the higher Sharpe Ratio (2.30 vs -1.20), 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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