QQQI — NEOS NASDAQ-100(R) High Income ETF

QQQI Price Performance — Growth of $10,000

Value of a $10,000 investment in QQQI over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

QQQI Drawdown

The "underwater" chart: QQQI's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The NEOS NASDAQ-100(R) High Income ETF, identified by the ticker QQQI, operates within the Covered Call / Income category managed by Neos Funds. This fund holds an overall rank of #358 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 52.8 out of 100. It carries an expense ratio of 0.68% and offers a dividend yield of 0.09%. With assets under management totaling $13.1 billion and a share price of $52.07, the fund demonstrates significant capital accumulation despite its mid-tier ranking. The category contains 10 ETFs in total, placing QQQI as one of the larger funds by assets within this specific group. The combination of a substantial asset base and a moderate grade suggests a fund that has attracted investor capital while facing challenges in achieving top-tier performance metrics relative to its peers.

Recent performance data shows a decline over the shortest horizons, with a 1-day return of -0.97% and a 1-week return of -4.62%. The fund continued to face headwinds over the first month with a -3.68% return, though the 3-month period showed a slight recovery to -0.10%. A positive trend emerged over the next six months, posting a +3.30% return, which accelerated further into the year-to-date period with a +5.14% gain. The 1-year return stands at +13.79%, indicating a stronger long-term trajectory compared to the recent short-term volatility. Data for the 3-year return is not available, leaving the longer-term historical context incomplete. This pattern illustrates a divergence where short-term losses were eventually offset by sustained gains over the annual period.

The fund is assigned a Moderate volatility label, indicating a middle ground in price fluctuation intensity. The Sharpe ratio of 0.55 suggests the fund has generated a moderate amount of risk-adjusted return relative to its volatility. A maximum drawdown of -20.00% highlights the potential for significant temporary losses during market downturns. Beta data is not provided, so the fund's sensitivity to broader market movements cannot be quantified from the available figures. The combination of a moderate volatility rating and a -20.00% max drawdown implies the fund experiences notable price swings that can erode capital during adverse conditions. While the Sharpe ratio indicates some compensation for this risk, the magnitude of the drawdown remains a key factor in the fund's risk profile.

AI-generated summary based on the data on this page.

QQQI Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 46.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how QQQI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With QQQI

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with QQQI's top 10 — QQQ overlaps most, holding 9 of the same companies as QQQI's top 10 (46.7% of QQQI's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

QQQI Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.19% and average daily volume is 6.4M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $13.1B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: QQQI is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

QQQI Performance History

How QQQI Compares to Other Covered Call / Income ETFs