BFEB vs. QQQY
BFEB (Innovator S&P 500 Buffer ETF - February) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - BFEB is a Options Trading fund tracking the Cboe S&P 500 Buffer Protect Index February Series, while QQQY is a Nasdaq-100 fund actively managed by Defiance. BFEB is passively managed, while QQQY is actively managed. Over the past year, BFEB returned 21.21% vs 36.38% for QQQY. Their correlation of 0.83 suggests significant overlap in exposure. BFEB charges 0.79%/yr vs 0.99%/yr for QQQY.
Performance
BFEB vs. QQQY - Performance Comparison
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Returns By Period
In the year-to-date period, BFEB achieves a 8.25% return, which is significantly lower than QQQY's 19.07% return.
BFEB
- 1D
- -0.29%
- 1M
- 2.99%
- YTD
- 8.25%
- 6M
- 9.24%
- 1Y
- 21.21%
- 3Y*
- 16.68%
- 5Y*
- 11.70%
- 10Y*
- —
QQQY
- 1D
- -0.36%
- 1M
- 9.64%
- YTD
- 19.07%
- 6M
- 19.11%
- 1Y
- 36.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BFEB vs. QQQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BFEB Innovator S&P 500 Buffer ETF - February | 8.25% | 12.99% | 17.58% | 5.73% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 19.07% | 14.96% | 7.70% | 7.22% |
Correlation
The correlation between BFEB and QQQY is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.83 |
The correlation between BFEB and QQQY has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
BFEB vs. QQQY — Risk / Return Rank
BFEB
QQQY
BFEB vs. QQQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator S&P 500 Buffer ETF - February (BFEB) 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.
| BFEB | QQQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.49 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 3.28 | +0.04 |
| Martin ratioReturn relative to average drawdown | 16.95 | 13.95 | +3.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BFEB | QQQY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.68 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.25 | -0.35 |
Drawdowns
BFEB vs. QQQY - Drawdown Comparison
The maximum BFEB drawdown since its inception was -26.37%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for BFEB and QQQY.
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Drawdown Indicators
| BFEB | QQQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.37% | -19.05% | -7.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -11.14% | +4.73% |
Max Drawdown (3Y)Largest decline over 3 years | -13.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.84% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.36% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -2.91% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 2.61% | -1.36% |
Volatility
BFEB vs. QQQY - Volatility Comparison
The current volatility for Innovator S&P 500 Buffer ETF - February (BFEB) is 1.51%, while Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a volatility of 4.21%. This indicates that BFEB 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.
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Volatility by Period
| BFEB | QQQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 4.21% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 11.30% | -4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.10% | 13.67% | -5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.39% | 14.75% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.19% | 14.75% | -0.56% |
BFEB vs. QQQY - Expense Ratio Comparison
BFEB has a 0.79% expense ratio, which is lower than QQQY's 0.99% expense ratio.
Dividends
BFEB vs. QQQY - Dividend Comparison
BFEB has not paid dividends to shareholders, while QQQY's dividend yield for the trailing twelve months is around 34.34%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BFEB Innovator S&P 500 Buffer ETF - February | 0.00% | 0.00% | 0.00% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 34.34% | 45.34% | 83.34% | 20.64% |
Frequently Asked Questions
BFEB and QQQY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQY has higher volatility (4.21%) compared to BFEB (1.51%). In terms of maximum drawdown, BFEB dropped -26.37% vs QQQY's -19.05%.
On 1-year performance, QQQY leads with 36.38% vs 21.21% for BFEB. On fees, BFEB is cheaper at 0.79% per year. On volatility, BFEB has been the lower-risk option at 1.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQY has performed better with a 36.38% return vs 21.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BFEB is cheaper with a 0.79% expense ratio, compared with 0.99% for QQQY.
QQQY has the higher dividend yield at 34.34%, compared with 0.00% for BFEB.
BFEB is categorized as Options Trading, while QQQY is Nasdaq-100. They also come from different issuers: Innovator and Defiance. Their fees differ too: 0.79% for BFEB and 0.99% for QQQY.
QQQY currently has the higher Sharpe Ratio (2.68 vs 2.63), 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.
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