NEOS Nasdaq Information Ratio
| QQQI ETF | | | 55.71 -0.01 -0.02% |
The Information Ratio measures excess return (alpha) per unit of tracking error relative to a benchmark. Unlike the Sharpe Ratio, which uses total volatility, the Information Ratio isolates only the variability of the alpha component — the return attributable to active decisions rather than passive market exposure. Below is NEOS Nasdaq's current Information Ratio with peer comparisons and related risk metrics.
Current Information Ratio Value
NEOS Nasdaq carries a Information Ratio of 0.0773, consistent with positive but modest excess return per unit of tracking risk. NEOS Nasdaq has outperformed its benchmark, though the margin is limited relative to the tracking error incurred.
INFOR | = | ER[a] - ER[b]STD[a] |
| = | 0.0773 | |
Information Ratio Peers Comparison
NEOS Nasdaq's Information Ratio of 0.0773 falls below the 0.08 peer average. Values range from -0.0963 (Vanguard Core Bond) to 0.2513 (Fidelity Sai Inflationfocused), with wide dispersion across the group. NEOS Nasdaq's risk-adjusted return trails the peer average, indicating less efficient compensation for the risk incurred.
Information Ratio Relative To Other Indicators
The chart below plots Information Ratio against Maximum Drawdown for NEOS Nasdaq and its peers. Each point represents one equity — position along the horizontal axis shows Information Ratio while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
At
0.08 for Information Ratio and
4.25 for Maximum Drawdown, NEOS Nasdaq's cross-indicator ratio sits almost
55.01 . This indicates Maximum Drawdown substantially exceeds Information Ratio for NEOS Nasdaq.
Methodology, Assumptions & Data Sources
The current Information Ratio for NEOS Nasdaq is 0.0773. This Information Ratio reading for NEOS Nasdaq results from applying the indicator's calculation rules to price and volume data over the selected window. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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