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YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) Sharpe Ratio: 2.65

ETF · Currency in USD · Last updated Jun 4, 2026

QDTY is an actively managed ETF that seeks current income by generating income primarily through writing out-of-the-money, zero days to expiration call options on the Index or Index ETFs, while also aiming for capital appreciation.

QDTY's Sharpe Ratio of 2.65 indicates that for each unit of volatility, it generates 2.65 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

QDTY Sharpe Ratio Rank

QDTY Sharpe Ratio Rank: 80.480
Exceptional

QDTY ranks above 80.4% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

QDTY Sharpe Ratio Market Positioning

The chart shows QDTY's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.84 or lower
  • Yellow zone (middle 50%): 0.84 to 2.40
  • Green zone (top 25%): 2.40 or higher
  • Top 1%: 7.80+
  • Median: 1.68 — half of all investments score higher

How it compares to other similar ETFs

The table compares YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF's Sharpe Ratio with other ETFs in the Nasdaq-100, Derivative Income category across multiple time periods, showing how QDTY's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CHPYYieldMax Semiconductor Portfolio Option Income ETF5.47
PQAPPGIM Nasdaq-100 Buffer 12 ETF - April4.86
NAPRInnovator Nasdaq-100 Power Buffer ETF - April4.78
QCAPFT Vest NASDAQ-100 Conservative Buffer ETF - April4.17
QMARFT Cboe Vest Nasdaq-100 Buffer ETF - March3.86
GOOYYieldMax GOOGL Option Income Strategy ETF3.84
QQQAProShares Nasdaq-100 Dorsey Wright Momentum ETF3.41
GOOPKurv Yield Premium Strategy Google ETF3.34
TSMYYieldMax TSM Option Income Strategy ETF3.21
TYLGGlobal X Information Technology Covered Call & Growth ETF3.14
QDTYYieldMax Nasdaq 100 0DTE Covered Call Strategy ETF2.65

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows QDTY's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when QDTY consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does QDTY fit in your portfolio?

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