ELIS vs. YQQQ

Last updated Jun 4, 2026

ELIS (Direxion Daily LLY Bear 1X Shares) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - ELIS is a Inverse Equities fund actively managed by Direxion, while YQQQ is a Derivative Income fund actively managed by YieldMax. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. ELIS charges 0.97%/yr vs 0.99%/yr for YQQQ.

Performance

ELIS vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily LLY Bear 1X Shares (ELIS) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ELIS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: 0.06%
• 1M: -7.64%
• YTD: -8.94%
• 6M: -6.62%
• 1Y: -14.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ELIS vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
ELIS Direxion Daily LLY Bear 1X Shares	11.37%	-29.46%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-8.94%	-15.14%

Correlation

The correlation between ELIS and YQQQ is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	0.17

Return for Risk

ELIS 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: 1
YQQQ Sharpe Ratio Rank: 1
YQQQ Sortino Ratio Rank: 1
YQQQ Omega Ratio Rank: 1
YQQQ Calmar Ratio Rank: 3
YQQQ Martin Ratio Rank: 1

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.

ELIS vs. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LLY Bear 1X Shares (ELIS) 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

	ELIS	YQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.77	—

Drawdowns

Drawdown Indicators

	ELIS	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-28.21%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-20.82%	—
Current Drawdown Current decline from peak	—	-28.17%	—
Average Drawdown Average peak-to-trough decline	—	-14.22%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.52%	—

Volatility

Volatility by Period

	ELIS	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.51%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.26%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.26%	—

ELIS vs. YQQQ - Expense Ratio Comparison

ELIS has a 0.97% expense ratio, which is lower than YQQQ's 0.99% expense ratio.

Dividends

ELIS vs. YQQQ - Dividend Comparison

ELIS's dividend yield for the trailing twelve months is around 5.26%, less than YQQQ's 31.75% yield.

Position	TTM	2025	2024
ELIS Direxion Daily LLY Bear 1X Shares	5.26%	5.86%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	31.75%	31.71%	7.88%

Frequently Asked Questions

Can I hold both ELIS and YQQQ in my portfolio?

ELIS and YQQQ have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ELIS or YQQQ?

On fees, ELIS is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ELIS or YQQQ?

ELIS is cheaper with a 0.97% expense ratio, compared with 0.99% for YQQQ.

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

YQQQ has the higher dividend yield at 31.75%, compared with 5.26% for ELIS.

What is the main difference between ELIS and YQQQ?

ELIS is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 0.97% for ELIS and 0.99% for YQQQ.