JULQ vs. QQQY

Last updated Jun 4, 2026

JULQ (Innovator Premium Income 40 Barrier ETF - July) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - JULQ is a Options Trading fund actively managed by Innovator, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. JULQ charges 0.79%/yr vs 0.99%/yr for QQQY.

Performance

JULQ vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - July (JULQ) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JULQ

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY

• 1D: -0.36%
• 1M: 9.64%
• YTD: 19.07%
• 6M: 19.11%
• 1Y: 36.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JULQ vs. QQQY - Yearly Performance Comparison

	2026 (YTD)
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	20.47%

Return for Risk

JULQ vs. QQQY — Risk / Return Rank

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

QQQY

QQQY Risk / Return Rank: 74
QQQY Sharpe Ratio Rank: 81
QQQY Sortino Ratio Rank: 73
QQQY Omega Ratio Rank: 80
QQQY Calmar Ratio Rank: 65
QQQY Martin Ratio Rank: 73

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.

JULQ vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - July (JULQ) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JULQ	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.25	—

Drawdowns

JULQ vs. QQQY - Drawdown Comparison

The maximum JULQ drawdown since its inception was 0.00%, smaller than the maximum QQQY drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for JULQ and QQQY.

Drawdown Indicators

	JULQ	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-19.05%	+19.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.14%	—
Current Drawdown Current decline from peak	0.00%	-0.36%	+0.36%
Average Drawdown Average peak-to-trough decline	0.00%	-2.91%	+2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.61%	—

Volatility

Volatility by Period

	JULQ	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	13.67%	-13.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	14.75%	-14.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	14.75%	-14.75%

JULQ vs. QQQY - Expense Ratio Comparison

JULQ has a 0.79% expense ratio, which is lower than QQQY's 0.99% expense ratio.

Dividends

JULQ vs. QQQY - Dividend Comparison

JULQ has not paid dividends to shareholders, while QQQY's dividend yield for the trailing twelve months is around 34.34%.

Position	TTM	2025	2024	2023
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%	0.00%	0.00%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	34.34%	45.34%	83.34%	20.64%

Frequently Asked Questions

Which ETF is better, JULQ or QQQY?

On fees, JULQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JULQ or QQQY?

JULQ is cheaper with a 0.79% expense ratio, compared with 0.99% for QQQY.

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

QQQY has the higher dividend yield at 34.34%, compared with 0.00% for JULQ.

What is the main difference between JULQ and QQQY?

JULQ is categorized as Options Trading, while QQQY is Nasdaq-100. They also come from different issuers: Innovator and Defiance. Their fees differ too: 0.79% for JULQ and 0.99% for QQQY.