MQQQ vs. QQQY

Last updated Jun 3, 2026

MQQQ (Tradr 2X Long Triple Q Monthly ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - MQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (200%), while QQQY is a Nasdaq-100 fund actively managed by Defiance. MQQQ is passively managed, while QQQY is actively managed. Over the past year, MQQQ returned 83.05% vs 37.77% for QQQY. Their correlation of 0.92 suggests significant overlap in exposure. MQQQ charges 1.30%/yr vs 0.99%/yr for QQQY.

Performance

MQQQ vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Triple Q Monthly ETF (MQQQ) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MQQQ achieves a 39.32% return, which is significantly higher than QQQY's 19.50% return.

MQQQ

• 1D: 1.03%
• 1M: 20.59%
• YTD: 39.32%
• 6M: 35.46%
• 1Y: 83.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY

• 1D: 0.44%
• 1M: 9.90%
• YTD: 19.50%
• 6M: 19.98%
• 1Y: 37.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MQQQ vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	39.32%	31.67%	19.72%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	19.50%	14.96%	3.23%

Correlation

The correlation between MQQQ and QQQY is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.92

The correlation between MQQQ and QQQY has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

MQQQ vs. QQQY — Risk / Return Rank

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

MQQQ

MQQQ Risk / Return Rank: 68
MQQQ Sharpe Ratio Rank: 79
MQQQ Sortino Ratio Rank: 66
MQQQ Omega Ratio Rank: 65
MQQQ Calmar Ratio Rank: 67
MQQQ Martin Ratio Rank: 66

QQQY

QQQY Risk / Return Rank: 78
QQQY Sharpe Ratio Rank: 84
QQQY Sortino Ratio Rank: 77
QQQY Omega Ratio Rank: 83
QQQY Calmar Ratio Rank: 69
QQQY Martin Ratio Rank: 76

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.

MQQQ vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Monthly ETF (MQQQ) 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.

	MQQQ	QQQY	Difference
Sharpe ratio Return per unit of total volatility	2.60	2.78	-0.18
Sortino ratio Return per unit of downside risk	3.07	3.48	-0.42
Omega ratio Gain probability vs. loss probability	1.40	1.51	-0.11
Calmar ratio Return relative to maximum drawdown	3.40	3.49	-0.09
Martin ratio Return relative to average drawdown	12.24	14.87	-2.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MQQQ vs. QQQY - Sharpe Ratio Comparison

The current MQQQ Sharpe Ratio is 2.60, which is comparable to the QQQY Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of MQQQ and QQQY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MQQQ	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	2.78	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.26	+0.06

Drawdowns

MQQQ vs. QQQY - Drawdown Comparison

The maximum MQQQ drawdown since its inception was -42.16%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for MQQQ and QQQY.

Drawdown Indicators

	MQQQ	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-42.16%	-19.05%	-23.11%
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	-11.14%	-14.09%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.18%	-2.91%	-4.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.00%	2.61%	+4.39%

Volatility

MQQQ vs. QQQY - Volatility Comparison

Tradr 2X Long Triple Q Monthly ETF (MQQQ) has a higher volatility of 8.50% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.17%. This indicates that MQQQ's price experiences larger fluctuations and is considered to be riskier than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MQQQ	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.50%	4.17%	+4.33%
Volatility (6M) Calculated over the trailing 6-month period	24.50%	11.29%	+13.21%
Volatility (1Y) Calculated over the trailing 1-year period	32.19%	13.68%	+18.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.26%	14.76%	+28.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.26%	14.76%	+28.50%

MQQQ vs. QQQY - Expense Ratio Comparison

MQQQ has a 1.30% expense ratio, which is higher than QQQY's 0.99% expense ratio.

Dividends

MQQQ vs. QQQY - Dividend Comparison

MQQQ's dividend yield for the trailing twelve months is around 1.45%, less than QQQY's 34.21% yield.

Position	TTM	2025	2024	2023
MQQQ Tradr 2X Long Triple Q Monthly ETF	1.45%	2.02%	0.02%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	34.21%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both MQQQ and QQQY in my portfolio?

With a correlation of 0.94, MQQQ and QQQY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MQQQ or QQQY?

MQQQ has higher volatility (8.50%) compared to QQQY (4.17%). In terms of maximum drawdown, MQQQ dropped -42.16% vs QQQY's -19.05%.

Which ETF is better, MQQQ or QQQY?

On 1-year performance, MQQQ leads with 83.05% vs 37.77% for QQQY. On fees, QQQY is cheaper at 0.99% per year. On volatility, QQQY has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MQQQ or QQQY?

Over the 1-year period, MQQQ has performed better with a 83.05% return vs 37.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MQQQ or QQQY?

QQQY is cheaper with a 0.99% expense ratio, compared with 1.30% for MQQQ.

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

QQQY has the higher dividend yield at 34.21%, compared with 1.45% for MQQQ.

What is the main difference between MQQQ and QQQY?

MQQQ is categorized as Leveraged Equities, while QQQY is Nasdaq-100. They also come from different issuers: AXS and Defiance. Their fees differ too: 1.30% for MQQQ and 0.99% for QQQY.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (2.78 vs 2.60), 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.