Compare/Updated Oct 26, 2026, refreshed every trading day
SPYI vs QQQI
Neos S&P 500(R) High Income ETF against NEOS Nasdaq-100 High Income ETF: 3 years of returns, risk and today’s technical read, from Kavout’s own data.
QQQI did better over the 687 trading days from Jan 30, 2024 to Oct 23, 2026: $1,000 grew to $1,561, versus $1,500 for SPYI, a 56.1% versus 50.0% total return. The advantage came with substantially higher risk. QQQI’s 12-month volatility was 16.8%, compared with 10.6% for SPYI, and its worst drawdown was -20.0% versus -16.5%. QQQI also recently lagged, returning -4.2% over one month and +9.8% year to date, compared with SPYI’s -0.5% and +10.8%. The funds remained highly correlated at 0.944, while SPYI moved 0.70% for each 1% move in QQQI. QQQI won 19 of the last 33 months, but SPYI offered the smoother ride; both charged 0.68%.
- 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.
- 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.
Head to head
Which has returned more, SPYI or QQQI?
SPYI beat QQQI in 14 of the last 33 months; QQQI won the other 19. 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
- 0.70
- SPYI move per 1% in QQQI
- 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 | SPYI | QQQI | Gap |
|---|---|---|---|
| July 2026 | +0.6% | -5.5% | +6.07 pts |
| October 2026 | -0.1% | -4.2% | +4.15 pts |
| May 2026 | +3.9% | +6.9% | -3.07 pts |
| April 2026 | +7.2% | +10.3% | -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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