- CUSIP
- 88636J840
- Issuer
- Defiance
- Inception Date
- Sep 13, 2023
- Category
- Nasdaq-100, Options Trading, Dividend
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $181M
Highlights
- Avg. Volume (1M)
- 95K
- Avg. Volume Value (1M)
- $2.16M
Share Price Chart
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Performance
QQQY Performance Chart
Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is up 8.0% since the beginning of the year. QQQY is currently trading at $21 per share.
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Returns By Period
Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has returned 7.95% so far this year and 14.90% over the past 12 months.
Defiance Nasdaq 100 Enhanced Options Income ETF
- 1D
- -2.03%
- 1M
- -7.21%
- 6M
- 5.41%
- YTD
- 7.95%
- 1Y
- 14.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.33%
Benchmark (S&P 500 Index)
- 1D
- -1.52%
- 1M
- -2.44%
- 6M
- 4.98%
- YTD
- 6.88%
- 1Y
- 14.98%
- 3Y*
- 16.88%
- 5Y*
- 10.73%
- 10Y*
- 12.90%
- ALL TIME*
- 8.04%
QQQY Monthly Returns History
Based on dividend-adjusted daily data since Sep 14, 2023, QQQY's average daily return is +0.05%, while the average monthly return is +1.13%. At this rate, an investment would double in approximately 5.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 with a return of +14.8%, while the worst month was Jul 2026 at -9.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QQQY closed higher 65% of trading days. The best single day was Mar 31, 2026 with a return of +3.4%, while the worst single day was Apr 4, 2025 at -5.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.78% | -2.46% | -4.31% | 14.81% | 9.73% | 0.50% | -9.36% | 7.95% | |||||
| 2025 | 0.38% | -1.71% | -4.64% | -2.68% | 8.04% | 5.57% | 3.62% | -0.57% | 5.26% | 1.78% | -1.19% | 0.90% | 14.96% |
| 2024 | 0.51% | 2.54% | 0.66% | -3.72% | 5.05% | 4.47% | -1.94% | 0.25% | 1.05% | -1.43% | 3.91% | -3.46% | 7.70% |
| 2023 | -2.38% | -0.92% | 6.10% | 4.45% | 7.19% |
Benchmark Metrics
Defiance Nasdaq 100 Enhanced Options Income ETF has an annualized alpha of -2.25%, beta of 0.87, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since September 14, 2023.
- This ETF participated in 112.32% of S&P 500 Index downside but only 87.03% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.25% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.87 and R2 of 0.72, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.25%
- Beta
- 0.87
- R²
- 0.72
- Upside Capture
- 87.03%
- Downside Capture
- 112.32%
Expense Ratio
QQQY has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
QQQY ranks 36 for risk / return — above 36% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QQQY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.64 | -0.29 |
| Martin ratioReturn relative to average drawdown | 4.81 | 6.95 | -2.14 |
Dividends
Dividend History
Defiance Nasdaq 100 Enhanced Options Income ETF provided a 38.98% dividend yield over the last twelve months, with an annual payout of $8.30 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $8.30 | $10.68 | $25.72 | $10.95 |
Dividend yield | 38.98% | 45.34% | 83.34% | 20.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance Nasdaq 100 Enhanced Options Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.55 | $0.52 | $0.50 | $0.63 | $0.56 | $0.78 | $0.54 | $4.07 | |||||
| 2025 | $0.92 | $0.84 | $1.08 | $1.12 | $0.94 | $0.77 | $0.97 | $0.75 | $0.76 | $0.96 | $0.85 | $0.72 | $10.68 |
| 2024 | $0.00 | $2.55 | $2.40 | $2.37 | $2.58 | $2.40 | $4.47 | $0.00 | $3.46 | $3.14 | $1.13 | $1.21 | $25.72 |
| 2023 | $3.30 | $3.00 | $4.65 | $10.95 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defiance Nasdaq 100 Enhanced Options Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defiance Nasdaq 100 Enhanced Options Income ETF was 19.05%, occurring on Apr 10, 2025. Recovery took 63 trading sessions.
The current Defiance Nasdaq 100 Enhanced Options Income ETF drawdown is 9.67%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.05%Apr 2025 | 3mo 24d | 3mo 5d | 6mo 29dDec 2024 - Jul 2025 | 2025 selloff2025 |
-11.14%Mar 2026 | 2mo | 16d | 2mo 16dJan 2026 - Apr 2026 | — |
-10.07%Aug 2024 | 25d | 4mo 1d | 4mo 26dJul 2024 - Dec 2024 | — |
-9.67%Jul 2026 | 1mo 26d | — | 1mo 28dJun 2026 - now | — |
-5.60%Nov 2025 | 16d | 20d | 1mo 6dNov 2025 - Dec 2025 | — |
Drawdown Indicators
| QQQY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.05% | -56.78% | +37.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -9.10% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -9.67% | -3.86% | -5.81% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -10.70% | +7.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.14% | +0.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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