XQQI vs. SPYH

Last updated Jun 24, 2026

XQQI (NEOS Boosted Nasdaq-100 High Income ETF) and SPYH (NEOS S&P 500 Hedged Equity Income ETF) are both exchange-traded funds - XQQI is a Nasdaq-100 fund actively managed by NEOS, while SPYH is a Equity Hedged fund actively managed by NEOS. Both are actively managed. Their correlation of 0.95 suggests significant overlap in exposure. XQQI charges 0.98%/yr vs 0.68%/yr for SPYH.

Performance

XQQI vs. SPYH - 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 S&P 500 Hedged Equity Income ETF (SPYH). 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*: —

SPYH

• 1D: -1.00%
• 1M: -1.05%
• YTD: 3.89%
• 6M: 3.22%
• 1Y: 15.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XQQI vs. SPYH - Yearly Performance Comparison

	2026 (YTD)
XQQI NEOS Boosted Nasdaq-100 High Income ETF	10.80%
SPYH NEOS S&P 500 Hedged Equity Income ETF	2.12%

Correlation

The correlation between XQQI and SPYH is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	0.95

Return for Risk

XQQI vs. SPYH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XQQI

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

SPYH

SPYH Risk / Return Rank: 63
SPYH Sharpe Ratio Rank: 62
SPYH Sortino Ratio Rank: 60
SPYH Omega Ratio Rank: 64
SPYH Calmar Ratio Rank: 57
SPYH Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XQQI vs. SPYH - 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 S&P 500 Hedged Equity Income ETF (SPYH). 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.

	XQQI	SPYH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.90	—
Sortino ratio: Return per unit of downside risk	—	2.60	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.61	—
Martin ratio: Return relative to average drawdown	—	12.08	—

Drawdowns

XQQI vs. SPYH - Drawdown Comparison

The maximum XQQI drawdown since its inception was -13.55%, which is greater than SPYH's maximum drawdown of -7.22%. Use the drawdown chart below to compare losses from any high point for XQQI and SPYH.

Drawdown Indicators

	XQQI	SPYH	Difference
Max Drawdown Largest peak-to-trough decline	-13.55%	-7.22%	-6.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.02%	—
Current Drawdown Current decline from peak	-5.00%	-2.13%	-2.87%
Average Drawdown Average peak-to-trough decline	-2.95%	-0.75%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.30%	—

Volatility

Volatility by Period

	XQQI	SPYH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.52%	8.28%	+18.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.52%	12.44%	+14.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.52%	12.44%	+14.08%

XQQI vs. SPYH - Expense Ratio Comparison

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

Dividends

XQQI vs. SPYH - Dividend Comparison

XQQI's dividend yield for the trailing twelve months is around 8.24%, more than SPYH's 7.68% yield.

Position	TTM	2025
SPYH NEOS S&P 500 Hedged Equity Income ETF	7.68%	5.54%
XQQI NEOS Boosted Nasdaq-100 High Income ETF	8.24%	0.00%

Frequently Asked Questions

Can I hold both XQQI and SPYH in my portfolio?

With a correlation of 0.95, XQQI and SPYH 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 SPYH?

On fees, SPYH 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 SPYH?

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

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

XQQI has the higher dividend yield at 8.24%, compared with 7.68% for SPYH.

What is the main difference between XQQI and SPYH?

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