PYPY vs. IQQQ
Compare and contrast key facts about Yieldmax PYPL Option Income Strategy ETF (PYPY) and ProShares Nasdaq-100 High Income ETF (IQQQ).
PYPY and IQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYPY is an actively managed fund by YieldMax. It was launched on Sep 25, 2023. IQQQ is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Daily Covered Call Index. It was launched on Mar 18, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYPY or IQQQ.
Key characteristics
| PYPY | IQQQ | |
|---|---|---|
| Daily Std Dev | 27.19% | 17.40% |
| Max Drawdown | -14.70% | -13.07% |
| Current Drawdown | 0.00% | -6.47% |
Correlation
The correlation between PYPY and IQQQ is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PYPY vs. IQQQ - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PYPY vs. IQQQ - Expense Ratio Comparison
PYPY has a 1.01% expense ratio, which is higher than IQQQ's 0.55% expense ratio.
Risk-Adjusted Performance
PYPY vs. IQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Yieldmax PYPL Option Income Strategy ETF (PYPY) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.
Not enough dataDividends
PYPY vs. IQQQ - Dividend Comparison
PYPY's dividend yield for the trailing twelve months is around 43.08%, more than IQQQ's 5.39% yield.
| TTM | 2023 | |
|---|---|---|
PYPY Yieldmax PYPL Option Income Strategy ETF | 43.08% | 5.70% |
IQQQ ProShares Nasdaq-100 High Income ETF | 5.39% | 0.00% |
Drawdowns
PYPY vs. IQQQ - Drawdown Comparison
The maximum PYPY drawdown since its inception was -14.70%, which is greater than IQQQ's maximum drawdown of -13.07%. Use the drawdown chart below to compare losses from any high point for PYPY and IQQQ. For additional features, visit the drawdowns tool.
Volatility
PYPY vs. IQQQ - Volatility Comparison
Yieldmax PYPL Option Income Strategy ETF (PYPY) and ProShares Nasdaq-100 High Income ETF (IQQQ) have volatilities of 5.35% and 5.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.