ABNY vs. QQQY

Last updated Jun 14, 2026

ABNY (YieldMax ABNB Option Income Strategy ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - ABNY is a Derivative Income fund actively managed by YieldMax, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. Over the past year, ABNY returned 1.04% vs 30.96% for QQQY. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

ABNY vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax ABNB Option Income Strategy ETF (ABNY) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABNY achieves a 1.09% return, which is significantly lower than QQQY's 15.43% return.

ABNY

• 1D: 1.11%
• 1M: 0.92%
• YTD: 1.09%
• 6M: 6.68%
• 1Y: 1.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY

• 1D: 0.55%
• 1M: 1.13%
• YTD: 15.43%
• 6M: 15.99%
• 1Y: 30.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABNY vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ABNY YieldMax ABNB Option Income Strategy ETF	1.09%	-2.05%	-9.52%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	15.43%	14.96%	-0.84%

Correlation

The correlation between ABNY and QQQY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.51

The correlation between ABNY and QQQY has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.

Return for Risk

ABNY vs. QQQY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABNY

ABNY Risk / Return Rank: 9
ABNY Sharpe Ratio Rank: 9
ABNY Sortino Ratio Rank: 9
ABNY Omega Ratio Rank: 9
ABNY Calmar Ratio Rank: 9
ABNY Martin Ratio Rank: 9

QQQY

QQQY Risk / Return Rank: 68
QQQY Sharpe Ratio Rank: 71
QQQY Sortino Ratio Rank: 63
QQQY Omega Ratio Rank: 74
QQQY Calmar Ratio Rank: 61
QQQY Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABNY vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax ABNB Option Income Strategy ETF (ABNY) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ABNY	QQQY	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	2.00	-2.05
Sortino ratio: Return per unit of downside risk	0.09	2.52	-2.43
Omega ratio: Gain probability vs. loss probability	1.01	1.38	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.07	2.68	-2.75
Martin ratio: Return relative to average drawdown	-0.15	10.96	-11.11

ABNY vs. QQQY - Sharpe Ratio Comparison

The current ABNY Sharpe Ratio is -0.05, which is lower than the QQQY Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of ABNY and QQQY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ABNY vs. QQQY - Drawdown Comparison

The maximum ABNY drawdown since its inception was -31.62%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for ABNY and QQQY.

Drawdown Indicators

	ABNY	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-31.62%	-19.05%	-12.57%
Max Drawdown (1Y) Largest decline over 1 year	-17.87%	-11.14%	-6.73%
Current Drawdown Current decline from peak	-15.00%	-3.41%	-11.59%
Average Drawdown Average peak-to-trough decline	-16.24%	-2.92%	-13.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.01%	2.72%	+6.29%

Volatility

ABNY vs. QQQY - Volatility Comparison

The current volatility for YieldMax ABNB Option Income Strategy ETF (ABNY) is 5.94%, while Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a volatility of 7.00%. This indicates that ABNY experiences smaller price fluctuations and is considered to be less risky than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABNY	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.94%	7.00%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	19.17%	12.87%	+6.30%
Volatility (1Y) Calculated over the trailing 1-year period	24.75%	14.92%	+9.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.00%	15.12%	+14.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.00%	15.12%	+14.88%

ABNY vs. QQQY - Expense Ratio Comparison

Both ABNY and QQQY have an expense ratio of 0.99%.

Dividends

ABNY vs. QQQY - Dividend Comparison

ABNY's dividend yield for the trailing twelve months is around 51.58%, more than QQQY's 35.39% yield.

Position	TTM	2025	2024	2023
ABNY YieldMax ABNB Option Income Strategy ETF	51.58%	53.45%	22.09%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.39%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both ABNY and QQQY in my portfolio?

ABNY and QQQY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABNY or QQQY?

QQQY has higher volatility (7.00%) compared to ABNY (5.94%). In terms of maximum drawdown, ABNY dropped -31.62% vs QQQY's -19.05%.

Which ETF is better, ABNY or QQQY?

On 1-year performance, QQQY leads with 30.96% vs 1.04% for ABNY. Both ETFs have the same 0.99% expense ratio. On volatility, ABNY has been the lower-risk option at 5.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ABNY or QQQY?

Over the 1-year period, QQQY has performed better with a 30.96% return vs 1.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ABNY or QQQY?

ABNY and QQQY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, ABNY or QQQY?

ABNY has the higher dividend yield at 51.58%, compared with 35.39% for QQQY.

What is the main difference between ABNY and QQQY?

ABNY is categorized as Derivative Income, while QQQY is Nasdaq-100. They also come from different issuers: YieldMax and Defiance.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (2.00 vs -0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.