XQQI vs. QNDX

Last updated Jul 17, 2026

XQQI (NEOS Boosted Nasdaq-100 High Income ETF) and QNDX (SPDR Portfolio Nasdaq 100 ETF) are both Nasdaq-100 funds. XQQI is actively managed, while QNDX is passively managed. With a 0.99 correlation, they move nearly in lockstep. XQQI charges 0.98%/yr vs 0.10%/yr for QNDX.

Performance

XQQI vs. QNDX - Performance Comparison

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

Returns By Period

XQQI

• 1D: -2.27%
• 1M: -4.60%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QNDX

• 1D: -1.56%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XQQI vs. QNDX - Yearly Performance Comparison

	2026 (YTD)
XQQI NEOS Boosted Nasdaq-100 High Income ETF	-2.04%
QNDX SPDR Portfolio Nasdaq 100 ETF	-1.16%

Correlation

The correlation between XQQI and QNDX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2026	0.99

Return for Risk

XQQI vs. QNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Boosted Nasdaq-100 High Income ETF (XQQI) and SPDR Portfolio Nasdaq 100 ETF (QNDX). 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. QNDX - Drawdown Comparison

The maximum XQQI drawdown since its inception was -13.55%, which is greater than QNDX's maximum drawdown of -4.09%. Use the drawdown chart below to compare losses from any high point for XQQI and QNDX.

Drawdown Indicators

	XQQI	QNDX	Difference
Max Drawdown Largest peak-to-trough decline	-13.55%	-4.09%	-9.46%
Current Drawdown Current decline from peak	-6.94%	-4.09%	-2.85%
Average Drawdown Average peak-to-trough decline	-3.18%	-1.91%	-1.27%

Volatility

Volatility by Period

	XQQI	QNDX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.11%	22.37%	+4.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.11%	22.37%	+4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.11%	22.37%	+4.74%

XQQI vs. QNDX - Expense Ratio Comparison

XQQI has a 0.98% expense ratio, which is higher than QNDX's 0.10% expense ratio.

Dividends

XQQI vs. QNDX - Dividend Comparison

XQQI's dividend yield for the trailing twelve months is around 10.35%, while QNDX has not paid dividends to shareholders.

Position	TTM
QNDX SPDR Portfolio Nasdaq 100 ETF	0.00%
XQQI NEOS Boosted Nasdaq-100 High Income ETF	10.35%

Frequently Asked Questions

Can I hold both XQQI and QNDX in my portfolio?

With a correlation of 0.99, XQQI and QNDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XQQI or QNDX?

On fees, QNDX is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XQQI or QNDX?

QNDX is cheaper with a 0.10% expense ratio, compared with 0.98% for XQQI.

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

XQQI has the higher dividend yield at 10.35%, compared with 0.00% for QNDX.

What is the main difference between XQQI and QNDX?

They also come from different issuers: NEOS and State Street. Their fees differ too: 0.98% for XQQI and 0.10% for QNDX.