IWMY vs. QQQY
Compare and contrast key facts about Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY).
IWMY and QQQY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWMY is a passively managed fund by Defiance that tracks the performance of the Russell 2000 Index. It was launched on Oct 30, 2023. QQQY is an actively managed fund by Defiance ETFs. It was launched on Sep 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWMY or QQQY.
Correlation
The correlation between IWMY and QQQY is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IWMY vs. QQQY - Performance Comparison
Key characteristics
IWMY:
0.02
QQQY:
-0.09
IWMY:
0.13
QQQY:
0.00
IWMY:
1.02
QQQY:
1.00
IWMY:
0.02
QQQY:
-0.08
IWMY:
0.08
QQQY:
-0.26
IWMY:
4.92%
QQQY:
5.94%
IWMY:
16.78%
QQQY:
17.70%
IWMY:
-18.72%
QQQY:
-19.04%
IWMY:
-11.93%
QQQY:
-14.35%
Returns By Period
In the year-to-date period, IWMY achieves a -6.68% return, which is significantly higher than QQQY's -9.96% return.
IWMY
-6.68%
-5.89%
-7.98%
0.89%
N/A
N/A
QQQY
-9.96%
-6.52%
-11.68%
-1.95%
N/A
N/A
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IWMY vs. QQQY - Expense Ratio Comparison
Both IWMY and QQQY have an expense ratio of 0.99%.
Risk-Adjusted Performance
IWMY vs. QQQY — Risk-Adjusted Performance Rank
IWMY
QQQY
IWMY vs. QQQY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) 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.
Dividends
IWMY vs. QQQY - Dividend Comparison
IWMY's dividend yield for the trailing twelve months is around 112.71%, more than QQQY's 92.87% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 112.71% | 107.92% | 11.34% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 92.87% | 83.34% | 20.64% |
Drawdowns
IWMY vs. QQQY - Drawdown Comparison
The maximum IWMY drawdown since its inception was -18.72%, roughly equal to the maximum QQQY drawdown of -19.04%. Use the drawdown chart below to compare losses from any high point for IWMY and QQQY. For additional features, visit the drawdowns tool.
Volatility
IWMY vs. QQQY - Volatility Comparison
The current volatility for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) is 10.40%, while Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a volatility of 11.24%. This indicates that IWMY 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.