NEOS Nasdaq-100 High Income ETF (QQQI)
$53.62−2.33%close of Oct 16, 2026
NEOS Nasdaq-100 High Income ETF (QQQI) is an exchange-traded fund (ETF) run by NEOS. This fund owns the big companies in the Nasdaq-100. It charges 0.68% a year. From January 2024 to October 2026 it returned about 18.2% a year, and its worst drop was −20.0%.
Written by the Tactfolio research team. Fund facts checked October 17, 2026. Prices through October 16, 2026.
- Yearly fee
- 0.68%
- about $68 on $10,000
- 1-year return
- 14.1%
- to Oct 16, 2026
- Return per year
- 18.2%
- since January 2024
- Worst drop
- −20.0%
- since 2024
- Below its high
- −5.4%
- now
- Volatility
- 17.5%
- yearly swings
- Issuer
- NEOS
- Tracks
- No index (actively managed)
- Started trading
- January 29, 2024
- Type
- US stocks, ETF
- Expense ratio
- 0.68% a year
How has QQQI done since 2024?#
From January 2024 to October 2026, QQQI returned about 18.2% a year. The S&P 500 returned about 19.1% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $15,732 at the end, with every dividend reinvested.
| Period | QQQI | S&P 500 (SPY) |
|---|---|---|
| 1 month | 0.7% | 1.5% |
| 3 months | 1.0% | 1.9% |
| 6 months | 7.5% | 9.3% |
| Year to date | 10.7% | 12.8% |
| 1 year | 14.1% | 16.8% |
| Since 2024 per year | 18.2% | 19.1% |
Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.
QQQI returns by month and year#
QQQI rose in 23 of its 34 months (68%). Its best month was April 2026, at 10.3%. Its worst was March 2025, at −6.5%.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.7% | 1.2 | −1.4 | −4.1 | 10.3 | 6.9 | 0.4 | −5.5 | 4.2 | 3.0 | −3.5 | ||
| 2025 | 18.6% | 2.2 | −1.9 | −6.5 | 1.7 | 7.0 | 4.5 | 2.4 | 1.4 | 4.0 | 3.7 | −0.8 | 0.1 |
| 2024 | 19.8% | −1.4 | 4.6 | 1.6 | −3.4 | 4.8 | 3.6 | −1.0 | 1.8 | 2.4 | 0.0 | 4.7 | 1.0 |
Each month runs from the last close of the month before. The first month counts from the first close.
How risky is QQQI compared with the S&P 500?#
Measured from January 2024 to October 2026, on the days both traded.
- Beta 1.06. When the S&P 500 moved 1% in a day, QQQI tended to move about 1.06%.
- Correlation 0.94. QQQI mostly moved with the S&P 500.
- Up and down months. In months the S&P 500 rose, QQQI rose 83% as much on average. In months it fell, QQQI fell 54% as much.
| Measure | QQQI | S&P 500 (SPY) |
|---|---|---|
| Return per year | 18.2% | 19.1% |
| Volatility | 17.5% | 15.6% |
| Worst drop | −20.0% | −18.8% |
| Sharpe ratio | 1.05 | 1.20 |
| Sortino ratio | 1.54 | 1.79 |
| Calmar ratio | 0.91 | 1.02 |
Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.
Is QQQI above its 200-day average?#
QQQI closed 3.9% above its 200-day average on October 16, 2026. A rule that holds QQQI only above that average would hold it today.
- vs 200-day average
- +3.9%
- above it
- 50-day vs 200-day
- +5.7%
- trend rising
- vs 52-week high
- −5.4%
- high of $56.66
A moving average is the average close over the last so many days. Trend rules such as the 10-month moving average strategy hold a fund only while it is above one. You can build that rule for QQQI and backtest it in a minute.
What was QQQI’s worst drop?#
A drawdown is how far a fund falls from its last high point. QQQI’s worst fall was −20.0%, from February 19, 2025 to April 8, 2025. It got back to that high on June 24, 2025. On October 16, 2026 it was 5.4% below its highest close.
| Drop | From the high | To the bottom | Back to the high |
|---|---|---|---|
| −20.0% | Feb 19, 2025 | Apr 8, 20252 months | Jun 24, 20253 months |
| −10.7% | Jul 10, 2024 | Aug 5, 202426 days | Oct 4, 20242 months |
| −9.6% | Jan 28, 2026 | Mar 30, 20262 months | Apr 15, 202616 days |
| −9.5% | Jun 2, 2026 | Jul 29, 20262 months | Sep 21, 20262 months |
| −6.5% | Oct 29, 2025 | Nov 20, 202522 days | Dec 24, 202534 days |
Big drops are normal for some funds. They matter because selling during a drop locks in the loss.
What does QQQI hold?#
This fund owns the big companies in the Nasdaq-100. It also sells options on that index to collect cash for monthly income. Selling options means it gives up some gains when stocks jump, and it still falls when stocks fall.
It does not track an index. Its managers choose what it holds.
What is the QQQI expense ratio?#
QQQI charges 0.68% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.68% fee comes to about $68 a year. Of the 162 ETFs on Tactfolio, 5% charge more.
You never get a bill for it. The fund takes the fee out of its own value a little each day.
Which Tactfolio strategies hold QQQI?#
No classic strategy holds QQQI yet. You can add it to your own rules in the builder and see how they would have done.
How does QQQI compare with similar ETFs?#
Funds that can stand in for QQQI:
- GPIX: Goldman Sachs S&P 500 Premium Income ETF, 0.29% a year
- JEPI: JPMorgan Equity Premium Income ETF, 0.35% a year
- JEPQ: JPMorgan Nasdaq Equity Premium Income ETF, 0.35% a year
- DIVO: Amplify CWP Enhanced Dividend Income ETF, 0.56% a year
See all 8 QQQI alternatives, compared on the same dates as QQQI.
Test QQQI in your own rules#
Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add QQQI, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.
The details#
Prices come from Tactfolio’s stored daily prices for QQQI and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.
Fund facts come from NEOS. We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.
Common questions#
What is the expense ratio of QQQI?#
QQQI charges 0.68% a year, according to NEOS as of October 17, 2026. That is about $68 a year for every $10,000 you hold.
When did QQQI start trading?#
QQQI started trading on January 29, 2024. It is run by NEOS.
What does QQQI track?#
QQQI does not track an index. Its managers choose what it holds.
How much has QQQI returned per year?#
From January 2024 to October 2026, QQQI returned about 18.2% a year with dividends reinvested. Its worst drop was −20.0%. Past returns do not tell you what it will do next.
Is QQQI above its 200-day moving average?#
On October 16, 2026, QQQI closed 3.9% above its 200-day moving average. This page updates after each US market close.
Which strategies use QQQI?#
None of Tactfolio’s classic strategies hold QQQI yet. You can test it in your own rules in the builder.