COIW vs. QQQY

Last updated Jun 9, 2026

COIW (COIN WeeklyPay™ ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - COIW is a Derivative Income fund actively managed by Roundhill, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. Over the past year, COIW returned -46.63% vs 30.60% for QQQY. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

COIW vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in COIN WeeklyPay™ ETF (COIW) 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, COIW achieves a -35.32% return, which is significantly lower than QQQY's 14.65% return.

COIW

• 1D: 7.79%
• 1M: -23.46%
• YTD: -35.32%
• 6M: -48.91%
• 1Y: -46.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY

• 1D: 1.28%
• 1M: -0.02%
• YTD: 14.65%
• 6M: 14.20%
• 1Y: 30.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIW vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025
COIW COIN WeeklyPay™ ETF	-35.32%	-25.92%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	14.65%	10.91%

Correlation

The correlation between COIW and QQQY is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.58

The correlation between COIW and QQQY has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.

Return for Risk

COIW vs. QQQY — Risk / Return Rank

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

COIW

COIW Risk / Return Rank: 5
COIW Sharpe Ratio Rank: 5
COIW Sortino Ratio Rank: 6
COIW Omega Ratio Rank: 6
COIW Calmar Ratio Rank: 4
COIW Martin Ratio Rank: 5

QQQY

QQQY Risk / Return Rank: 68
QQQY Sharpe Ratio Rank: 72
QQQY Sortino Ratio Rank: 63
QQQY Omega Ratio Rank: 75
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.

COIW vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for COIN WeeklyPay™ ETF (COIW) 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.

	COIW	QQQY	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	2.12	-2.66
Sortino ratio: Return per unit of downside risk	-0.47	2.62	-3.09
Omega ratio: Gain probability vs. loss probability	0.95	1.40	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.63	2.76	-3.39
Martin ratio: Return relative to average drawdown	-0.99	11.59	-12.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COIW vs. QQQY - Sharpe Ratio Comparison

The current COIW Sharpe Ratio is -0.55, which is lower than the QQQY Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of COIW 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.

Sharpe Ratios by Period

	COIW	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	2.12	-2.66
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	1.11	-1.58

Drawdowns

COIW vs. QQQY - Drawdown Comparison

The maximum COIW drawdown since its inception was -74.55%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for COIW and QQQY.

Drawdown Indicators

	COIW	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-74.55%	-19.05%	-55.50%
Max Drawdown (1Y) Largest decline over 1 year	-74.55%	-11.14%	-63.41%
Current Drawdown Current decline from peak	-70.71%	-4.06%	-66.65%
Average Drawdown Average peak-to-trough decline	-38.03%	-2.91%	-35.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.34%	2.65%	+44.69%

Volatility

COIW vs. QQQY - Volatility Comparison

COIN WeeklyPay™ ETF (COIW) has a higher volatility of 25.57% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 6.53%. This indicates that COIW's price experiences larger fluctuations and is considered to be riskier than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COIW	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.57%	6.53%	+19.04%
Volatility (6M) Calculated over the trailing 6-month period	62.78%	12.41%	+50.37%
Volatility (1Y) Calculated over the trailing 1-year period	85.48%	14.55%	+70.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.27%	15.03%	+76.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.27%	15.03%	+76.24%

COIW vs. QQQY - Expense Ratio Comparison

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

Dividends

COIW vs. QQQY - Dividend Comparison

COIW's dividend yield for the trailing twelve months is around 235.93%, more than QQQY's 35.66% yield.

Position	TTM	2025	2024	2023
COIW COIN WeeklyPay™ ETF	235.93%	120.37%	0.00%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.66%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both COIW and QQQY in my portfolio?

COIW and QQQY have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COIW or QQQY?

COIW has higher volatility (25.57%) compared to QQQY (6.53%). In terms of maximum drawdown, COIW dropped -74.55% vs QQQY's -19.05%.

Which ETF is better, COIW or QQQY?

On 1-year performance, QQQY leads with 30.60% vs -46.63% for COIW. Both ETFs have the same 0.99% expense ratio. On volatility, QQQY has been the lower-risk option at 6.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COIW or QQQY?

Over the 1-year period, QQQY has performed better with a 30.60% return vs -46.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COIW or QQQY?

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

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

COIW has the higher dividend yield at 235.93%, compared with 35.66% for QQQY.

What is the main difference between COIW and QQQY?

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

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (2.12 vs -0.55), 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.