NLY vs. QQQY
NLY (Annaly Capital Management, Inc.) is a stock, while QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) is Nasdaq-100 fund actively managed by Defiance. Over the past year, NLY returned 29.27% vs 29.70% for QQQY. At a 0.36 correlation, their price movements are largely independent.
Performance
NLY vs. QQQY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NLY achieves a 1.74% return, which is significantly lower than QQQY's 15.43% return.
NLY
- 1D
- -0.05%
- 1M
- -0.72%
- YTD
- 1.74%
- 6M
- 5.83%
- 1Y
- 29.27%
- 3Y*
- 16.65%
- 5Y*
- 2.68%
- 10Y*
- 5.96%
QQQY
- 1D
- 0.55%
- 1M
- 0.32%
- YTD
- 15.43%
- 6M
- 15.99%
- 1Y
- 29.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NLY vs. QQQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NLY Annaly Capital Management, Inc. | 1.74% | 40.00% | 8.07% | 1.74% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 15.43% | 14.96% | 7.70% | 7.19% |
Correlation
The correlation between NLY and QQQY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.36 |
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
NLY vs. QQQY — Risk / Return Rank
NLY
QQQY
NLY vs. QQQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Annaly Capital Management, Inc. (NLY) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NLY | QQQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.38 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.68 | -0.70 |
| Martin ratioReturn relative to average drawdown | 5.80 | 10.96 | -5.16 |
Loading charts...
Drawdowns
NLY vs. QQQY - Drawdown Comparison
The maximum NLY drawdown since its inception was -60.09%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for NLY and QQQY.
Loading charts...
Drawdown Indicators
| NLY | QQQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.09% | -19.05% | -41.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.88% | -11.14% | -3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -26.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.09% | — | — |
Current DrawdownCurrent decline from peak | -6.77% | -3.41% | -3.36% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -2.92% | -10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.07% | 2.72% | +2.35% |
Volatility
NLY vs. QQQY - Volatility Comparison
The current volatility for Annaly Capital Management, Inc. (NLY) is 6.20%, while Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a volatility of 7.00%. This indicates that NLY 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
| NLY | QQQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 7.00% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 15.27% | 12.87% | +2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 14.92% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 15.12% | +10.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.14% | 15.12% | +13.02% |
Dividends
NLY vs. QQQY - Dividend Comparison
NLY's dividend yield for the trailing twelve months is around 12.73%, less than QQQY's 35.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NLY Annaly Capital Management, Inc. | 12.73% | 12.52% | 14.21% | 13.42% | 16.70% | 11.25% | 10.77% | 11.15% | 12.22% | 10.09% | 12.04% | 12.79% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 35.39% | 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
NLY and QQQY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQY has higher volatility (7.00%) compared to NLY (6.20%). In terms of maximum drawdown, NLY dropped -60.09% vs QQQY's -19.05%.
QQQY currently has the higher Sharpe Ratio (2.00 vs 1.54), 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 NLY 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