Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY)
QQQY is an actively managed ETF targeting enhanced income by using daily options (0DTE) on the Nasdaq-100, distributing notable monthly yields. Its primary goal is to provide current income, while its secondary aim is to reflect the performance of the Nasdaq 100 Index with a capped potential gain.
ETF Info
| CUSIP | 88636J840 |
|---|---|
| Issuer | Defiance ETFs |
| Inception Date | Sep 13, 2023 |
| Category | Options Trading, Dividend |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Home Page | www.defianceetfs.com |
| Asset Class | Alternatives |
Expense Ratio
QQQY has a high expense ratio of 0.99%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: QQQY vs. QQQ, QQQY vs. JEPQ, QQQY vs. QQQI, QQQY vs. TSLY, QQQY vs. OARK, QQQY vs. NVDY, QQQY vs. QQQM, QQQY vs. JEPI, QQQY vs. USNQX, QQQY vs. QDTE
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Defiance Nasdaq 100 Enhanced Options Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Defiance Nasdaq 100 Enhanced Options Income ETF had a return of 9.69% year-to-date (YTD) and 19.23% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.69% | 19.77% |
| 1 month | -0.81% | -0.67% |
| 6 months | 7.92% | 10.27% |
| 1 year | 19.23% | 31.07% |
| 5 years (annualized) | N/A | 13.22% |
| 10 years (annualized) | N/A | 10.92% |
Monthly Returns
The table below presents the monthly returns of QQQY, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.51% | 2.54% | 0.66% | -3.50% | 5.05% | 4.47% | -1.93% | 0.25% | 2.33% | -1.43% | 9.69% | ||
| 2023 | -2.36% | -0.92% | 6.10% | 4.45% | 7.22% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QQQY is 49, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Defiance Nasdaq 100 Enhanced Options Income ETF provided a 84.29% dividend yield over the last twelve months, with an annual payout of $28.03 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $28.03 | $10.95 |
Dividend yield | 84.29% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $2.55 | $2.40 | $2.37 | $2.58 | $2.40 | $4.47 | $0.00 | $3.46 | $3.14 | $0.00 | $23.38 | |
| 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.
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 10.07%, occurring on Aug 5, 2024. The portfolio has not yet recovered.
The current Defiance Nasdaq 100 Enhanced Options Income ETF drawdown is 2.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.07% | Jul 11, 2024 | 18 | Aug 5, 2024 | — | — | — |
| -5.46% | Apr 2, 2024 | 14 | Apr 19, 2024 | 18 | May 15, 2024 | 32 |
| -5.36% | Sep 15, 2023 | 30 | Oct 26, 2023 | 13 | Nov 14, 2023 | 43 |
| -3.05% | Dec 29, 2023 | 4 | Jan 4, 2024 | 10 | Jan 19, 2024 | 14 |
| -2.64% | Mar 4, 2024 | 10 | Mar 15, 2024 | 9 | Mar 28, 2024 | 19 |
Volatility
Volatility Chart
The current Defiance Nasdaq 100 Enhanced Options Income ETF volatility is 3.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.