ITOT vs. QQQY
ITOT (iShares Core S&P Total U.S. Stock Market ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index, while QQQY is a Nasdaq-100 fund actively managed by Defiance. ITOT is passively managed, while QQQY is actively managed. Over the past year, ITOT returned 24.90% vs 30.60% for QQQY. Their correlation of 0.86 suggests significant overlap in exposure. ITOT charges 0.03%/yr vs 0.99%/yr for QQQY.
Performance
ITOT vs. QQQY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ITOT achieves a 9.09% return, which is significantly lower than QQQY's 14.65% return.
ITOT
- 1D
- 0.31%
- 1M
- 0.42%
- YTD
- 9.09%
- 6M
- 8.99%
- 1Y
- 24.90%
- 3Y*
- 21.07%
- 5Y*
- 12.25%
- 10Y*
- 14.81%
QQQY
- 1D
- 1.28%
- 1M
- -0.02%
- YTD
- 14.65%
- 6M
- 14.20%
- 1Y
- 30.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITOT vs. QQQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITOT iShares Core S&P Total U.S. Stock Market ETF | 9.09% | 17.00% | 23.80% | 7.89% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 14.65% | 14.96% | 7.70% | 7.19% |
Correlation
The correlation between ITOT and QQQY is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.86 |
The correlation between ITOT and QQQY has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ITOT vs. QQQY — Risk / Return Rank
ITOT
QQQY
ITOT vs. QQQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Total U.S. Stock Market ETF (ITOT) 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.
| ITOT | QQQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 2.76 | +0.05 |
| Martin ratioReturn relative to average drawdown | 12.79 | 11.59 | +1.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ITOT | QQQY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 2.12 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 1.11 | -0.55 |
Drawdowns
ITOT vs. QQQY - Drawdown Comparison
The maximum ITOT drawdown since its inception was -55.20%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for ITOT and QQQY.
Loading charts...
Drawdown Indicators
| ITOT | QQQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.20% | -19.05% | -36.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -11.14% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | — | — |
Current DrawdownCurrent decline from peak | -2.65% | -4.06% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -2.91% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.65% | -0.70% |
Volatility
ITOT vs. QQQY - Volatility Comparison
The current volatility for iShares Core S&P Total U.S. Stock Market ETF (ITOT) is 3.91%, while Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a volatility of 6.53%. This indicates that ITOT 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.
Loading charts...
Volatility by Period
| ITOT | QQQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 6.53% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 12.41% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 14.55% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 15.03% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 15.03% | +3.26% |
ITOT vs. QQQY - Expense Ratio Comparison
ITOT has a 0.03% expense ratio, which is lower than QQQY's 0.99% expense ratio.
Dividends
ITOT vs. QQQY - Dividend Comparison
ITOT's dividend yield for the trailing twelve months is around 1.00%, less than QQQY's 35.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITOT iShares Core S&P Total U.S. Stock Market ETF | 1.00% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 35.66% | 45.34% | 83.34% | 20.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ITOT and QQQY have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQY has higher volatility (6.53%) compared to ITOT (3.91%). In terms of maximum drawdown, ITOT dropped -55.20% vs QQQY's -19.05%.
On 1-year performance, QQQY leads with 30.60% vs 24.90% for ITOT. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 3.91%. 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 30.60% return vs 24.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITOT is cheaper with a 0.03% expense ratio, compared with 0.99% for QQQY.
QQQY has the higher dividend yield at 35.66%, compared with 1.00% for ITOT.
ITOT is categorized as Large Cap Blend Equities, while QQQY is Nasdaq-100. They also come from different issuers: iShares and Defiance. Their fees differ too: 0.03% for ITOT and 0.99% for QQQY.
QQQY currently has the higher Sharpe Ratio (2.12 vs 2.01), 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.
Find the right allocation for ITOT and QQQY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer