QQQ vs QQQI
Invesco QQQ Trust, Series 1 vs NEOS Nasdaq-100 High Income ETF
Which is better, QQQ or QQQI?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. QQQI is less concentrated, with 46.5% of the fund in its ten largest positions against 47.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QQQ | QQQI |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.68% |
| AUM | $498.6B | $14.9B |
| Dividend Yield | 0.42% | 14.01% |
| Holdings | 321 | 209 |
| YTD Return | +21.69%Best | +15.55% |
| 1Y Return | +24.10%Best | +18.34% |
| 3Y Return (annualized) | +27.05% | - |
| 5Y Return (annualized) | +16.31% | - |
| Volatility (annualized) | 16.9% | 12.3%Best |
| Max Drawdown | -22.8% | -20.0%Best |
| $10,000 over 2.7 years | $17,727Best | $16,195 |
| Top 10 Weight | 47.2% | 46.5%Best |
| Fund Family | Invesco (US) | NEOS |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Jan 30, 2024 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Jan 30, 2024 to Oct 13, 2026 (2.7 years).
QQQ vs QQQI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.7 years both funds cover.
QQQ vs QQQI Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and NEOS Nasdaq-100 High Income ETF (QQQI) is an ETF from NEOS. Over the past year QQQ returned +24.10% while QQQI returned +18.34%. Year to date, QQQ is up 21.69% versus a gain of 15.55% for QQQI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 12.3% for QQQI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.8% for QQQ and -20.0% for QQQI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while QQQI charges 0.68%. On a $10,000 position that is $18 vs $68 annually, a gap of $50 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 14.01% for QQQI.
Holdings Overlap
99.3% of QQQ's money is in holdings QQQI also owns. 98.2% of QQQI's money is in holdings QQQ also owns.
Most of QQQ is already inside QQQI. Owning both mostly buys the same companies twice.
99 positions in common, counted across the 102 positions we hold weights for in QQQ and 101 in QQQI, against full books of 321 and 209.
What only one of them owns
Our book lists 2 positions for QQQI that do not appear in our book for QQQ (0.4% of the fund), and 1 for QQQ that do not appear in QQQI (0.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in QQQI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.45% | 8.13% | 0.32% |
| AAPLApple, Inc | 7.80% | 7.71% | 0.09% |
| MSFTMicrosoft Corp | 5.88% | 5.97% | 0.09% |
| MUMicron Technology, Inc. | 4.85% | 4.57% | 0.28% |
| AMZNAmazon.Com Inc | 4.41% | 4.34% | 0.07% |
| AMDAdvanced Micro Devices Inc | 3.71% | 3.54% | 0.17% |
| GOOGLAlphabet Inc,class A | 3.15% | 3.24% | 0.09% |
| METAMeta Platforms Inc | 3.07% | 3.14% | 0.07% |
| GOOGAlphabet Inc. C | 2.93% | 3.00% | 0.07% |
| TSLATesla Inc | 2.92% | 2.86% | 0.06% |
99.3% of QQQ is already inside QQQI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or QQQI?
QQQ has an expense ratio of 0.18% while QQQI charges 0.68%. QQQ is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, QQQ or QQQI?
Over the past year QQQ returned +24.10% vs +18.34% for QQQI, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or QQQI?
QQQ has been the more volatile fund at 16.9% annualized versus 12.3% for QQQI. Worst drawdown: QQQ -22.8% vs QQQI -20.0%.
Should I hold both QQQ and QQQI?
QQQ and QQQI have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQQ and QQQI?
99.3% of QQQ's money is in holdings QQQI also owns. 98.2% of QQQI's is in holdings QQQ also owns. They hold 99 positions in common, counted across the 102 positions we hold weights for in QQQ and 101 in QQQI.
Which pays a higher dividend, QQQ or QQQI?
QQQ yields 0.42% while QQQI yields 14.01%, so QQQI currently pays the higher dividend yield.
Is QQQI better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. QQQI is less concentrated, with 46.5% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.