CRSH vs. QQH
CRSH (YieldMax Short TSLA Option Income Strategy ETF) and QQH (HCM Defender 100 Index ETF) are both exchange-traded funds - CRSH is a Derivative Income fund actively managed by YieldMax, while QQH is a Technology Equities fund tracking the HCM Defender 100 Index. CRSH is actively managed, while QQH is passively managed. Over the past year, CRSH returned -18.24% vs 40.27% for QQH. At a correlation of -0.60, they often move in opposite directions. CRSH charges 0.99%/yr vs 1.14%/yr for QQH.
Performance
CRSH vs. QQH - Performance Comparison
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Returns By Period
In the year-to-date period, CRSH achieves a 3.14% return, which is significantly lower than QQH's 14.78% return.
CRSH
- 1D
- -0.01%
- 1M
- -8.50%
- YTD
- 3.14%
- 6M
- 3.01%
- 1Y
- -18.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQH
- 1D
- -0.56%
- 1M
- 14.19%
- YTD
- 14.78%
- 6M
- 12.39%
- 1Y
- 40.27%
- 3Y*
- 26.06%
- 5Y*
- 15.09%
- 10Y*
- —
CRSH vs. QQH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CRSH YieldMax Short TSLA Option Income Strategy ETF | 3.14% | -13.40% | -51.96% |
QQH HCM Defender 100 Index ETF | 14.78% | 15.66% | 28.46% |
Correlation
The correlation between CRSH and QQH is -0.56, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.56 |
Correlation (All Time) Calculated using the full available price history since May 3, 2024 | -0.60 |
The correlation between CRSH and QQH has been stable across timeframes, ranging from -0.60 to -0.56 - a consistent structural relationship.
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Return for Risk
CRSH vs. QQH — Risk / Return Rank
CRSH
QQH
CRSH vs. QQH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short TSLA Option Income Strategy ETF (CRSH) and HCM Defender 100 Index ETF (QQH). 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.
| CRSH | QQH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.33 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 2.50 | -3.05 |
| Martin ratioReturn relative to average drawdown | -0.86 | 6.81 | -7.67 |
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
| CRSH | QQH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 1.97 | -2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.71 | 0.85 | -1.56 |
Drawdowns
CRSH vs. QQH - Drawdown Comparison
The maximum CRSH drawdown since its inception was -63.68%, which is greater than QQH's maximum drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for CRSH and QQH.
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Drawdown Indicators
| CRSH | QQH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.68% | -41.87% | -21.81% |
Max Drawdown (1Y)Largest decline over 1 year | -33.45% | -16.18% | -17.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.87% | — |
Current DrawdownCurrent decline from peak | -59.42% | -0.56% | -58.86% |
Average DrawdownAverage peak-to-trough decline | -43.11% | -12.94% | -30.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.14% | 5.93% | +15.21% |
Volatility
CRSH vs. QQH - Volatility Comparison
YieldMax Short TSLA Option Income Strategy ETF (CRSH) has a higher volatility of 10.19% compared to HCM Defender 100 Index ETF (QQH) at 6.03%. This indicates that CRSH's price experiences larger fluctuations and is considered to be riskier than QQH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRSH | QQH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.19% | 6.03% | +4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 22.66% | 14.47% | +8.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.72% | 20.57% | +16.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.50% | 21.51% | +25.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.50% | 24.73% | +22.77% |
CRSH vs. QQH - Expense Ratio Comparison
CRSH has a 0.99% expense ratio, which is lower than QQH's 1.14% expense ratio.
Dividends
CRSH vs. QQH - Dividend Comparison
CRSH's dividend yield for the trailing twelve months is around 96.17%, more than QQH's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CRSH YieldMax Short TSLA Option Income Strategy ETF | 96.17% | 138.78% | 94.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQH HCM Defender 100 Index ETF | 0.18% | 0.21% | 0.24% | 0.27% | 0.00% | 0.00% | 0.00% | 0.21% |
Frequently Asked Questions
CRSH and QQH have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRSH has higher volatility (10.19%) compared to QQH (6.03%). In terms of maximum drawdown, CRSH dropped -63.68% vs QQH's -41.87%.
On 1-year performance, QQH leads with 40.27% vs -18.24% for CRSH. On fees, CRSH is cheaper at 0.99% per year. On volatility, QQH has been the lower-risk option at 6.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQH has performed better with a 40.27% return vs -18.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CRSH is cheaper with a 0.99% expense ratio, compared with 1.14% for QQH.
CRSH has the higher dividend yield at 96.17%, compared with 0.18% for QQH.
CRSH is categorized as Derivative Income, while QQH is Technology Equities. They also come from different issuers: YieldMax and Howard Capital Management. Their fees differ too: 0.99% for CRSH and 1.14% for QQH.
QQH currently has the higher Sharpe Ratio (1.97 vs -0.50), 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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