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 -20.71% vs 19.72% for QQQI. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
XFLT vs. QQQI - Performance Comparison
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Returns By Period
In the year-to-date period, XFLT achieves a -14.12% return, which is significantly lower than QQQI's 8.51% return.
XFLT
- 1D
- -0.48%
- 1M
- 6.58%
- 6M
- -7.49%
- YTD
- -14.12%
- 1Y
- -20.71%
- 3Y*
- -4.43%
- 5Y*
- -3.39%
- 10Y*
- —
- ALL TIME*
- 1.14%
QQQI
- 1D
- 1.51%
- 1M
- -1.62%
- 6M
- 6.55%
- YTD
- 8.51%
- 1Y
- 19.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $330.38M | $327.04M | $357.36M | |
| $1.93M | $1.91M | $1.63M |
XFLT vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | -14.12% | -15.35% | 4.50% |
QQQI NEOS Nasdaq-100 High Income ETF | 8.51% | 18.62% | 19.44% |
Correlation
The correlation between XFLT and QQQI is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 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.
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.
| XFLT | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.22 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 2.06 | -2.57 |
| Martin ratioReturn relative to average drawdown | -0.94 | 7.38 | -8.32 |
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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 | -31.71% | -4.50% | -27.21% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -2.28% | -12.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.18% | 2.68% | +19.50% |
Volatility
XFLT vs. QQQI - Volatility Comparison
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) and NEOS Nasdaq-100 High Income ETF (QQQI) have volatilities of 6.31% and 6.60%, 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
| XFLT | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 6.60% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 18.97% | 13.71% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.40% | 16.35% | +5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.94% | 17.76% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.05% | 17.76% | +8.29% |
Dividends
XFLT vs. QQQI - Dividend Comparison
XFLT's dividend yield for the trailing twelve months is around 18.96%, more than QQQI's 14.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 14.16% | 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 | 18.96% | 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 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQI has higher volatility (6.60%) compared to XFLT (6.31%). In terms of maximum drawdown, XFLT dropped -55.43% vs QQQI's -20.00%.
QQQI currently has the higher Sharpe Ratio (1.21 vs -0.97), 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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