XQQI vs. MLPI

Last updated Jun 24, 2026

XQQI (NEOS Boosted Nasdaq-100 High Income ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - XQQI is a Nasdaq-100 fund actively managed by NEOS, while MLPI is a MLPs fund actively managed by NEOS. Both are actively managed. At a correlation of -0.23, they often move in opposite directions. XQQI charges 0.98%/yr vs 0.68%/yr for MLPI.

Performance

XQQI vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Boosted Nasdaq-100 High Income ETF (XQQI) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XQQI

• 1D: -3.90%
• 1M: -1.77%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPI

• 1D: 1.09%
• 1M: -2.18%
• YTD: 19.61%
• 6M: 18.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XQQI vs. MLPI - Yearly Performance Comparison

	2026 (YTD)
XQQI NEOS Boosted Nasdaq-100 High Income ETF	10.80%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	13.67%

Correlation

The correlation between XQQI and MLPI is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	-0.23

Return for Risk

XQQI vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Boosted Nasdaq-100 High Income ETF (XQQI) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

XQQI vs. MLPI - Drawdown Comparison

The maximum XQQI drawdown since its inception was -13.55%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for XQQI and MLPI.

Drawdown Indicators

	XQQI	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-13.55%	-5.38%	-8.17%
Current Drawdown Current decline from peak	-5.00%	-2.18%	-2.82%
Average Drawdown Average peak-to-trough decline	-2.95%	-1.49%	-1.46%

Volatility

Volatility by Period

	XQQI	MLPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	26.52%	13.05%	+13.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.52%	13.05%	+13.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.52%	13.05%	+13.47%

XQQI vs. MLPI - Expense Ratio Comparison

XQQI has a 0.98% expense ratio, which is higher than MLPI's 0.68% expense ratio.

Dividends

XQQI vs. MLPI - Dividend Comparison

XQQI's dividend yield for the trailing twelve months is around 8.24%, more than MLPI's 7.19% yield.

Position	TTM
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.19%
XQQI NEOS Boosted Nasdaq-100 High Income ETF	8.24%

Frequently Asked Questions

Can I hold both XQQI and MLPI in my portfolio?

XQQI and MLPI have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XQQI or MLPI?

On fees, MLPI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XQQI or MLPI?

MLPI is cheaper with a 0.68% expense ratio, compared with 0.98% for XQQI.

Which ETF pays a higher dividend yield, XQQI or MLPI?

XQQI has the higher dividend yield at 8.24%, compared with 7.19% for MLPI.

What is the main difference between XQQI and MLPI?

XQQI is categorized as Nasdaq-100, while MLPI is MLPs. Their fees differ too: 0.98% for XQQI and 0.68% for MLPI.