BMNZ vs. YQQQ

Last updated Jun 6, 2026

BMNZ (Defiance Daily Target 2X Short BMNR ETF) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - BMNZ is a Inverse Equities fund tracking the BitMine Immersion Technologies, Inc., while YQQQ is a Derivative Income fund actively managed by YieldMax. BMNZ is passively managed, while YQQQ is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. BMNZ charges 1.31%/yr vs 0.99%/yr for YQQQ.

Performance

BMNZ vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short BMNR ETF (BMNZ) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMNZ achieves a 1.13% return, which is significantly higher than YQQQ's -6.36% return.

BMNZ

• 1D: 22.76%
• 1M: 77.00%
• YTD: 1.13%
• 6M: 35.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: 2.41%
• 1M: -2.05%
• YTD: -6.36%
• 6M: -3.98%
• 1Y: -11.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNZ vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
BMNZ Defiance Daily Target 2X Short BMNR ETF	1.13%	-0.49%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-6.36%	1.20%

Correlation

The correlation between BMNZ and YQQQ is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 14, 2025	0.54

Return for Risk

BMNZ vs. YQQQ — Risk / Return Rank

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

YQQQ

YQQQ Risk / Return Rank: 3
YQQQ Sharpe Ratio Rank: 2
YQQQ Sortino Ratio Rank: 2
YQQQ Omega Ratio Rank: 2
YQQQ Calmar Ratio Rank: 4
YQQQ Martin Ratio Rank: 2

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.

BMNZ vs. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short BMNR ETF (BMNZ) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BMNZ	YQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	-0.68	+0.69

Drawdowns

BMNZ vs. YQQQ - Drawdown Comparison

The maximum BMNZ drawdown since its inception was -70.80%, which is greater than YQQQ's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for BMNZ and YQQQ.

Drawdown Indicators

	BMNZ	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-70.80%	-28.21%	-42.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.82%	—
Current Drawdown Current decline from peak	-43.38%	-26.13%	-17.25%
Average Drawdown Average peak-to-trough decline	-51.56%	-14.28%	-37.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.70%	—

Volatility

Volatility by Period

	BMNZ	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	190.13%	12.75%	+177.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	190.13%	16.33%	+173.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	190.13%	16.33%	+173.80%

BMNZ vs. YQQQ - Expense Ratio Comparison

BMNZ has a 1.31% expense ratio, which is higher than YQQQ's 0.99% expense ratio.

Dividends

BMNZ vs. YQQQ - Dividend Comparison

BMNZ has not paid dividends to shareholders, while YQQQ's dividend yield for the trailing twelve months is around 28.80%.

Position	TTM	2025	2024
BMNZ Defiance Daily Target 2X Short BMNR ETF	0.00%	0.00%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	28.80%	31.71%	7.88%

Frequently Asked Questions

Can I hold both BMNZ and YQQQ in my portfolio?

BMNZ and YQQQ have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BMNZ or YQQQ?

On fees, YQQQ is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BMNZ or YQQQ?

YQQQ is cheaper with a 0.99% expense ratio, compared with 1.31% for BMNZ.

Which ETF pays a higher dividend yield, BMNZ or YQQQ?

YQQQ has the higher dividend yield at 28.80%, compared with 0.00% for BMNZ.

What is the main difference between BMNZ and YQQQ?

BMNZ is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: Defiance and YieldMax. Their fees differ too: 1.31% for BMNZ and 0.99% for YQQQ.