QQQH vs VYM
NEOS Nasdaq-100 Hedged Equity Income ETF vs Vanguard High Dividend Yield ETF
Which is better, QQQH or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. QQQH led over 3Y, VYM over 1Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 47.3%.
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 | QQQH | VYM |
|---|---|---|
| Expense Ratio | 0.68% | 0.04%Best |
| AUM | $397M | $83.1B |
| Dividend Yield | 9.72% | 2.22% |
| Holdings | 211 | 608 |
| YTD Return | +10.32%Best | +10.00% |
| 1Y Return | +12.02% | +13.75%Best |
| 3Y Return (annualized) | +22.14%Best | +18.81% |
| 5Y Return (annualized) | +9.40% | +11.63%Best |
| Volatility (annualized) | 13.0%Best | 15.7% |
| Max Drawdown | -31.2%Best | -35.7% |
| $10,000 over 5 years | $15,671 | $17,334Best |
| Top 10 Weight | 47.3% | 26.1%Best |
| Fund Family | NEOS | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Nov 8, 2024 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Dec 20, 2019 to Oct 2, 2026 (6.8 years).
QQQH vs VYM 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 6.8 years both funds cover.
QQQH vs VYM Performance
NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) is an ETF from NEOS and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year QQQH returned +12.02% while VYM returned +13.75%. Year to date, QQQH is up 10.32% versus a gain of 10.00% for VYM.
Over three years, QQQH compounded at +22.14% per year against +18.81% for VYM; over five years the annualized figures are +9.40% and +11.63% respectively. Across the full 7-year window we track, VYM has the edge at +10.37% annualized vs +8.91%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 13.0% for QQQH. 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 -31.2% for QQQH and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QQQH charges 0.68% per year while VYM charges 0.04%. On a $10,000 position that is $68 vs $4 annually, a gap of $64 per year that compounds over a long holding period. On income, QQQH currently yields 9.72% against 2.22% for VYM.
Holdings Overlap
15.5% of QQQH's money is in holdings VYM also owns. 18.6% of VYM's money is in holdings QQQH also owns.
VYM and QQQH share little of their money.
The two holdings books were reported 46 days apart, QQQH as of Sep 15, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
26 positions in common, counted across the 101 positions we hold weights for in QQQH and 557 in VYM, against full books of 211 and 608.
What only one of them owns
Our book lists 502 positions for VYM that do not appear in our book for QQQH (78.5% of the fund), and 70 for QQQH that do not appear in VYM (81.6%).
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 QQQH | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.65% | 7.35% | 4.70% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.95% | 1.86% | 0.09% |
| TXNTexas Instrument Inc | 1.07% | 1.02% | 0.05% |
| AMGNAmgen Inc. | 0.90% | 0.78% | 0.12% |
| PEPPepsico Inc. | 0.82% | 0.77% | 0.05% |
| ADIAnalog Devices, Inc. | 0.77% | 0.73% | 0.04% |
| QCOMQualcomm Inc. | 0.85% | 0.63% | 0.22% |
| GILDGilead Sciences | 0.79% | 0.66% | 0.13% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 0.88% | 0.34% | 0.54% |
| SBUXStarbucks Corp | 0.50% | 0.49% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of QQQH and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQH or VYM?
QQQH has an expense ratio of 0.68% while VYM charges 0.04%. VYM is the cheaper option, by $64 a year on a $10,000 investment.
Which performed better, QQQH or VYM?
Over the past year QQQH returned +12.02% vs +13.75% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (7 years), QQQH annualized +8.91% vs +10.37% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQH or VYM?
VYM has been the more volatile fund at 15.7% annualized versus 13.0% for QQQH. Worst drawdown: QQQH -31.2% vs VYM -35.7%.
Should I hold both QQQH and VYM?
QQQH and VYM have a monthly-return correlation of 0.48, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QQQH and VYM?
18.6% of VYM's money is in holdings QQQH also owns. 18.6% of VYM's is in holdings QQQH also owns. They hold 26 positions in common, counted across the 101 positions we hold weights for in QQQH and 557 in VYM.
Which pays a higher dividend, QQQH or VYM?
QQQH yields 9.72% while VYM yields 2.22%, so QQQH currently pays the higher dividend yield.
Is VYM better than QQQH?
VYM has a lower expense ratio. QQQH led over 3Y, VYM over 1Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 47.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.