PLTW vs. QQQY

Last updated Jul 21, 2026

PLTW (PLTR WeeklyPay™ ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - PLTW is a Derivative Income fund actively managed by Roundhill, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. Over the past year, PLTW returned -22.07% vs 21.87% for QQQY. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

PLTW vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PLTR WeeklyPay™ ETF (PLTW) 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, PLTW achieves a -31.53% return, which is significantly lower than QQQY's 12.87% return.

PLTW

• 1D: 2.24%
• 1M: 5.40%
• 6M: -28.11%
• YTD: -31.53%
• 1Y: -22.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -8.79%

QQQY

• 1D: -0.07%
• 1M: -4.79%
• 6M: 11.42%
• YTD: 12.87%
• 1Y: 21.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.24%

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

PLTW vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025
PLTW PLTR WeeklyPay™ ETF	-31.53%	28.26%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	12.87%	10.91%

Correlation

The correlation between PLTW and QQQY is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.52

The correlation between PLTW and QQQY has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.

Return for Risk

PLTW vs. QQQY — Risk / Return Rank

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

PLTW

PLTW Risk / Return Rank: 7
PLTW Sharpe Ratio Rank: 6
PLTW Sortino Ratio Rank: 8
PLTW Omega Ratio Rank: 8
PLTW Calmar Ratio Rank: 6
PLTW Martin Ratio Rank: 6

QQQY

QQQY Risk / Return Rank: 51
QQQY Sharpe Ratio Rank: 50
QQQY Sortino Ratio Rank: 45
QQQY Omega Ratio Rank: 51
QQQY Calmar Ratio Rank: 52
QQQY Martin Ratio Rank: 59

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.

PLTW vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PLTR WeeklyPay™ ETF (PLTW) 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.

	PLTW	QQQY	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	1.31	-1.67
Sortino ratio: Return per unit of downside risk	-0.13	1.77	-1.90
Omega ratio: Gain probability vs. loss probability	0.98	1.25	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.39	1.97	-2.36
Martin ratio: Return relative to average drawdown	-0.73	7.58	-8.32

PLTW vs. QQQY - Sharpe Ratio Comparison

The current PLTW Sharpe Ratio is -0.36, which is lower than the QQQY Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of PLTW 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.

Drawdowns

PLTW vs. QQQY - Drawdown Comparison

The maximum PLTW drawdown since its inception was -57.27%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for PLTW and QQQY.

Drawdown Indicators

	PLTW	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-57.27%	-19.05%	-38.22%
Max Drawdown (1Y) Largest decline over 1 year	-57.27%	-11.14%	-46.13%
Current Drawdown Current decline from peak	-44.00%	-5.55%	-38.45%
Average Drawdown Average peak-to-trough decline	-24.60%	-2.92%	-21.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.10%	2.89%	+27.21%

Volatility

PLTW vs. QQQY - Volatility Comparison

PLTR WeeklyPay™ ETF (PLTW) has a higher volatility of 18.74% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 7.08%. This indicates that PLTW'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

	PLTW	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.74%	7.08%	+11.66%
Volatility (6M) Calculated over the trailing 6-month period	48.11%	14.66%	+33.45%
Volatility (1Y) Calculated over the trailing 1-year period	61.79%	16.75%	+45.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.64%	15.57%	+58.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.64%	15.57%	+58.07%

PLTW vs. QQQY - Expense Ratio Comparison

Both PLTW and QQQY have an expense ratio of 0.99%.

Dividends

PLTW vs. QQQY - Dividend Comparison

PLTW's dividend yield for the trailing twelve months is around 128.07%, more than QQQY's 37.35% yield.

Position	TTM	2025	2024	2023
PLTW PLTR WeeklyPay™ ETF	128.07%	72.40%	0.00%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	37.35%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both PLTW and QQQY in my portfolio?

PLTW and QQQY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTW or QQQY?

PLTW has higher volatility (18.74%) compared to QQQY (7.08%). In terms of maximum drawdown, PLTW dropped -57.27% vs QQQY's -19.05%.

Which ETF is better, PLTW or QQQY?

On 1-year performance, QQQY leads with 21.87% vs -22.07% for PLTW. Both ETFs have the same 0.99% expense ratio. On volatility, QQQY has been the lower-risk option at 7.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTW or QQQY?

Over the 1-year period, QQQY has performed better with a 21.87% return vs -22.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTW or QQQY?

PLTW and QQQY have the same expense ratio: 0.99% per year.

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

PLTW has the higher dividend yield at 128.07%, compared with 37.35% for QQQY.

What is the main difference between PLTW and QQQY?

PLTW is categorized as Derivative Income, while QQQY is Nasdaq-100. They also come from different issuers: Roundhill and Defiance.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (1.31 vs -0.36), 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.