QBTZ vs. YQQQ

Last updated Aug 2, 2026

QBTZ (Defiance Daily Target 2X Short QBTS ETF) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - QBTZ is a Inverse Equities fund actively managed by Defiance, while YQQQ is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. QBTZ charges 1.29%/yr vs 0.99%/yr for YQQQ.

Performance

QBTZ vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short QBTS ETF (QBTZ) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBTZ achieves a -84.61% return, which is significantly lower than YQQQ's -2.27% return.

QBTZ

• 1D: -1.12%
• 1M: 5.00%
• 6M: -87.87%
• YTD: -84.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

YQQQ

• 1D: -0.25%
• 1M: 3.85%
• 6M: -3.32%
• YTD: -2.27%
• 1Y: -5.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -8.84%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QBTZ Defiance Daily Target 2X Short QBTS ETF	$14.48M	$12.89M	$20.27M
YQQQ YieldMax Short N100 Option Income Strategy ETF	$672.47K	$456.85K	$596.52K

QBTZ vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
QBTZ Defiance Daily Target 2X Short QBTS ETF	-84.61%	-47.53%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-2.27%	2.00%

Correlation

The correlation between QBTZ and YQQQ is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025	0.50

Return for Risk

QBTZ vs. YQQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QBTZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

YQQQ

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QBTZ vs. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short QBTS ETF (QBTZ) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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.

	QBTZ	YQQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.31	—
Sortino ratio: Return per unit of downside risk	—	-0.34	—
Omega ratio: Gain probability vs. loss probability	—	0.96	—
Calmar ratio: Return relative to maximum drawdown	—	-0.20	—
Martin ratio: Return relative to average drawdown	—	-0.44	—

Drawdowns

QBTZ vs. YQQQ - Drawdown Comparison

The maximum QBTZ drawdown since its inception was -96.03%, which is greater than YQQQ's maximum drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for QBTZ and YQQQ.

Drawdown Indicators

	QBTZ	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-96.03%	-29.10%	-66.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.80%	—
Current Drawdown Current decline from peak	-94.65%	-22.91%	-71.74%
Average Drawdown Average peak-to-trough decline	-62.87%	-15.15%	-47.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.05%	—

Volatility

Volatility by Period

	QBTZ	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	230.14%	14.30%	+215.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	230.14%	16.54%	+213.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	230.14%	16.54%	+213.60%

QBTZ vs. YQQQ - Expense Ratio Comparison

QBTZ has a 1.29% expense ratio, which is higher than YQQQ's 0.99% expense ratio.

Dividends

QBTZ vs. YQQQ - Dividend Comparison

QBTZ has not paid dividends to shareholders, while YQQQ's dividend yield for the trailing twelve months is around 28.92%.

Position	TTM	2025	2024
QBTZ Defiance Daily Target 2X Short QBTS ETF	0.00%	0.00%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	28.92%	31.71%	7.88%

Frequently Asked Questions

Can I hold both QBTZ and YQQQ in my portfolio?

QBTZ and YQQQ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QBTZ or YQQQ?

On fees, YQQQ is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QBTZ or YQQQ?

YQQQ is cheaper with a 0.99% expense ratio, compared with 1.29% for QBTZ.

Which ETF pays a higher dividend yield, QBTZ or YQQQ?

YQQQ has the higher dividend yield at 28.92%, compared with 0.00% for QBTZ.

What is the main difference between QBTZ and YQQQ?

QBTZ is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: Defiance and YieldMax. Their fees differ too: 1.29% for QBTZ and 0.99% for YQQQ.