XQQI vs. PAPI
Compare and contrast key facts about NEOS Boosted Nasdaq-100 High Income ETF (XQQI) and Parametric Equity Premium Income ETF (PAPI).
XQQI and PAPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XQQI is an actively managed fund by NEOS. It was launched on Feb 2, 2026. PAPI is an actively managed fund by Morgan Stanley. It was launched on Oct 16, 2023.
Performance
XQQI vs. PAPI - Performance Comparison
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XQQI vs. PAPI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XQQI NEOS Boosted Nasdaq-100 High Income ETF | -5.83% |
PAPI Parametric Equity Premium Income ETF | 1.05% |
Returns By Period
XQQI
- 1D
- 1.50%
- 1M
- -4.91%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAPI
- 1D
- -0.07%
- 1M
- -2.89%
- YTD
- 8.23%
- 6M
- 9.24%
- 1Y
- 11.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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XQQI vs. PAPI - Expense Ratio Comparison
XQQI has a 0.98% expense ratio, which is higher than PAPI's 0.29% expense ratio.
Return for Risk
XQQI vs. PAPI — Risk / Return Rank
XQQI
PAPI
XQQI vs. PAPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Boosted Nasdaq-100 High Income ETF (XQQI) and Parametric Equity Premium Income ETF (PAPI). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| XQQI | PAPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.14 | 1.01 | -2.15 |
Correlation
The correlation between XQQI and PAPI is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
XQQI vs. PAPI - Dividend Comparison
XQQI's dividend yield for the trailing twelve months is around 3.71%, less than PAPI's 7.51% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XQQI NEOS Boosted Nasdaq-100 High Income ETF | 3.71% | 0.00% | 0.00% | 0.00% |
PAPI Parametric Equity Premium Income ETF | 7.51% | 7.59% | 7.07% | 1.45% |
Drawdowns
XQQI vs. PAPI - Drawdown Comparison
The maximum XQQI drawdown since its inception was -12.53%, smaller than the maximum PAPI drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for XQQI and PAPI.
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Drawdown Indicators
| XQQI | PAPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.53% | -14.27% | +1.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.59% | — |
Current DrawdownCurrent decline from peak | -6.50% | -2.89% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -2.57% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.73% | — |
Volatility
XQQI vs. PAPI - Volatility Comparison
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Volatility by Period
| XQQI | PAPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.50% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.08% | 14.11% | +13.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.08% | 11.95% | +16.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.08% | 11.95% | +16.13% |