Compare/Updated Oct 26, 2026, refreshed every trading day
QQQI vs SPYI
NEOS Nasdaq-100 High Income ETF against Neos S&P 500(R) High Income ETF: 3 years of returns, risk and today’s technical read, from Kavout’s own data.
QQQI did best over the period, turning $1,000 into $1,561, versus $1,518 for JEPQ and $1,500 for SPYI. Its 56.1% total return led JEPQ by 4.3 percentage points and SPYI by 6.1 points, but the stronger result came with greater risk: QQQI’s 16.8% volatility and -20.0% worst drawdown were higher than SPYI’s 10.6% volatility and -16.5% drawdown, while broadly comparable to JEPQ’s 14.9% volatility and -20.1% drawdown. JEPQ offered the lowest 0.35% expense ratio, compared with 0.68% for both QQQI and SPYI. QQQI’s advantage reflects stronger recent performance, including 12.0% over one year, although JEPQ led over one and three months. The results suggest QQQI delivered the best long-term outcome, while SPYI provided the smoother ride.
- Price is above its 200-day average ($51); 50-day at $54.
- RSI 36, neutral. Supertrend says sell. ADX 26, so the trend is strong.
- Price is above its 200-day average ($50); 50-day at $53.
- RSI 44, neutral. Supertrend says sell. ADX 16, so the trend is weak.
Head to head
Which has returned more, QQQI or SPYI?
QQQI beat SPYI in 19 of the last 33 months; SPYI won the other 14. The typical monthly gap was 1.28 points.
Total return by period
Which is riskier?
Both: Feb 19, 2025 to Apr 8, 2025
- 0.944
- correlation of daily moves, 3 years
- 1.28
- QQQI move per 1% in SPYI
- 0.924
- correlation, last 12 months
Month by month
Of the last 33 months. The typical gap was 1.28 points.
When did they diverge?
| Month | QQQI | SPYI | Gap |
|---|---|---|---|
| July 2026 | -5.5% | +0.6% | -6.07 pts |
| October 2026 | -4.2% | -0.1% | -4.15 pts |
| May 2026 | +6.9% | +3.9% | +3.07 pts |
| April 2026 | +10.3% | +7.2% | +3.04 pts |
Where the numbers come from. 687 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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