AUGU vs. QQQY

Last updated Jun 26, 2026

AUGU (AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - AUGU is a Options Trading fund actively managed by Allianz, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. Over the past year, AUGU returned 16.53% vs 28.38% for QQQY. Their correlation of 0.87 suggests significant overlap in exposure. AUGU charges 0.74%/yr vs 0.99%/yr for QQQY.

Performance

AUGU vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) 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, AUGU achieves a 5.56% return, which is significantly lower than QQQY's 15.16% return.

AUGU

• 1D: -0.01%
• 1M: -2.35%
• YTD: 5.56%
• 6M: 4.63%
• 1Y: 16.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY

• 1D: 0.76%
• 1M: -1.73%
• YTD: 15.16%
• 6M: 13.85%
• 1Y: 28.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUGU vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AUGU AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF	5.56%	12.54%	4.16%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	15.16%	14.96%	0.18%

Correlation

The correlation between AUGU and QQQY is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.87

The correlation between AUGU and QQQY has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

Return for Risk

AUGU vs. QQQY — Risk / Return Rank

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

AUGU

AUGU Risk / Return Rank: 55
AUGU Sharpe Ratio Rank: 54
AUGU Sortino Ratio Rank: 53
AUGU Omega Ratio Rank: 52
AUGU Calmar Ratio Rank: 57
AUGU Martin Ratio Rank: 60

QQQY

QQQY Risk / Return Rank: 62
QQQY Sharpe Ratio Rank: 64
QQQY Sortino Ratio Rank: 56
QQQY Omega Ratio Rank: 66
QQQY Calmar Ratio Rank: 60
QQQY Martin Ratio Rank: 65

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.

AUGU vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) 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.

	AUGU	QQQY	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.81	-0.16
Sortino ratio: Return per unit of downside risk	2.31	2.32	-0.01
Omega ratio: Gain probability vs. loss probability	1.30	1.34	-0.05
Calmar ratio: Return relative to maximum drawdown	2.47	2.56	-0.09
Martin ratio: Return relative to average drawdown	9.48	10.30	-0.82

AUGU vs. QQQY - Sharpe Ratio Comparison

The current AUGU Sharpe Ratio is 1.65, which is comparable to the QQQY Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of AUGU 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

AUGU vs. QQQY - Drawdown Comparison

The maximum AUGU drawdown since its inception was -12.17%, smaller than the maximum QQQY drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for AUGU and QQQY.

Drawdown Indicators

	AUGU	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-12.17%	-19.05%	+6.88%
Max Drawdown (1Y) Largest decline over 1 year	-6.72%	-11.14%	+4.42%
Current Drawdown Current decline from peak	-3.43%	-3.63%	+0.20%
Average Drawdown Average peak-to-trough decline	-1.85%	-2.91%	+1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	2.76%	-1.01%

Volatility

AUGU vs. QQQY - Volatility Comparison

The current volatility for AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) is 4.43%, while Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a volatility of 8.38%. This indicates that AUGU 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

	AUGU	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	8.38%	-3.95%
Volatility (6M) Calculated over the trailing 6-month period	8.02%	13.62%	-5.60%
Volatility (1Y) Calculated over the trailing 1-year period	10.07%	15.78%	-5.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.36%	15.38%	-4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.36%	15.38%	-4.02%

AUGU vs. QQQY - Expense Ratio Comparison

AUGU has a 0.74% expense ratio, which is lower than QQQY's 0.99% expense ratio.

Dividends

AUGU vs. QQQY - Dividend Comparison

AUGU has not paid dividends to shareholders, while QQQY's dividend yield for the trailing twelve months is around 36.24%.

Position	TTM	2025	2024	2023
AUGU AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF	0.00%	0.00%	0.00%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	36.24%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both AUGU and QQQY in my portfolio?

AUGU and QQQY have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUGU or QQQY?

QQQY has higher volatility (8.38%) compared to AUGU (4.43%). In terms of maximum drawdown, AUGU dropped -12.17% vs QQQY's -19.05%.

Which ETF is better, AUGU or QQQY?

On 1-year performance, QQQY leads with 28.38% vs 16.53% for AUGU. On fees, AUGU is cheaper at 0.74% per year. On volatility, AUGU has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUGU or QQQY?

Over the 1-year period, QQQY has performed better with a 28.38% return vs 16.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUGU or QQQY?

AUGU is cheaper with a 0.74% expense ratio, compared with 0.99% for QQQY.

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

QQQY has the higher dividend yield at 36.24%, compared with 0.00% for AUGU.

What is the main difference between AUGU and QQQY?

AUGU is categorized as Options Trading, while QQQY is Nasdaq-100. They also come from different issuers: Allianz and Defiance. Their fees differ too: 0.74% for AUGU and 0.99% for QQQY.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (1.81 vs 1.65), 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.