MQQQ vs. QQQY

Last updated Apr 2, 2026

Compare and contrast key facts about Tradr 2X Long Triple Q Monthly ETF (MQQQ) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY).

MQQQ and QQQY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MQQQ is a passively managed fund by AXS that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Aug 30, 2024. QQQY is an actively managed fund by Defiance. It was launched on Sep 13, 2023.

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.

MQQQ vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	-11.27%	31.67%	19.72%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	-4.82%	14.96%	3.23%

Returns By Period

In the year-to-date period, MQQQ achieves a -11.27% return, which is significantly lower than QQQY's -4.82% return.

MQQQ

• 1D: 2.43%
• 1M: -8.42%
• YTD: -11.27%
• 6M: -9.68%
• 1Y: 40.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY

• 1D: 1.19%
• 1M: -3.30%
• YTD: -4.82%
• 6M: -3.93%
• 1Y: 14.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MQQQ vs. QQQY - Expense Ratio Comparison

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

MQQQ

Tradr 2X Long Triple Q Monthly ETF

QQQY

Defiance Nasdaq 100 Enhanced Options Income ETF

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: 54
MQQQ Sharpe Ratio Rank: 45
MQQQ Sortino Ratio Rank: 55
MQQQ Omega Ratio Rank: 55
MQQQ Calmar Ratio Rank: 62
MQQQ Martin Ratio Rank: 55

QQQY

QQQY Risk / Return Rank: 47
QQQY Sharpe Ratio Rank: 48
QQQY Sortino Ratio Rank: 39
QQQY Omega Ratio Rank: 45
QQQY Calmar Ratio Rank: 54
QQQY Martin Ratio Rank: 48

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	0.87	0.91	-0.04
Sortino ratio Return per unit of downside risk	1.51	1.16	+0.35
Omega ratio Gain probability vs. loss probability	1.21	1.18	+0.03
Calmar ratio Return relative to maximum drawdown	1.69	1.44	+0.25
Martin ratio Return relative to average drawdown	5.73	4.79	+0.94
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 0.87, which is comparable to the QQQY Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of MQQQ and QQQY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MQQQ	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.91	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.66	-0.12

Correlation

The correlation between MQQQ and QQQY is 0.92, 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.

Dividends

MQQQ vs. QQQY - Dividend Comparison

MQQQ's dividend yield for the trailing twelve months is around 2.27%, less than QQQY's 44.97% yield.

	TTM	2025	2024	2023
MQQQ Tradr 2X Long Triple Q Monthly ETF	2.27%	2.02%	0.02%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	44.97%	45.34%	83.34%	20.64%

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%	-11.30%	-13.93%
Current Drawdown Current decline from peak	-17.75%	-7.05%	-10.70%
Average Drawdown Average peak-to-trough decline	-7.62%	-3.04%	-4.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.46%	3.40%	+4.06%

Volatility

MQQQ vs. QQQY - Volatility Comparison

Tradr 2X Long Triple Q Monthly ETF (MQQQ) has a higher volatility of 13.84% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 6.38%. 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	13.84%	6.38%	+7.46%
Volatility (6M) Calculated over the trailing 6-month period	26.46%	11.21%	+15.25%
Volatility (1Y) Calculated over the trailing 1-year period	46.81%	16.45%	+30.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.28%	14.68%	+29.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.28%	14.68%	+29.60%