QDTY vs. IQQ

Last updated Aug 1, 2026

QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) and IQQ (iShares Nasdaq 100 ETF) are both Nasdaq-100 funds. QDTY is actively managed, while IQQ is passively managed. Their 0.97 correlation means they have historically moved very closely together. QDTY charges 1.01%/yr vs 0.10%/yr for IQQ.

Performance

QDTY vs. IQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) and iShares Nasdaq 100 ETF (IQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QDTY

• 1D: 0.19%
• 1M: -0.96%
• 6M: 7.98%
• YTD: 9.56%
• 1Y: 22.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.20%

IQQ

• 1D: 0.61%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
IQQ iShares Nasdaq 100 ETF	$29.72M	$37.50M	$37.50M
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	$575.56K	$563.37K	$755.82K

QDTY vs. IQQ - Yearly Performance Comparison

	2026 (YTD)
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	-1.25%
IQQ iShares Nasdaq 100 ETF	-4.63%

Correlation

The correlation between QDTY and IQQ is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026	0.97

Return for Risk

QDTY vs. IQQ — Risk / Return Rank

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

QDTY

QDTY Risk / Return Rank: 46
QDTY Sharpe Ratio Rank: 44
QDTY Sortino Ratio Rank: 43
QDTY Omega Ratio Rank: 43
QDTY Calmar Ratio Rank: 51
QDTY Martin Ratio Rank: 50

IQQ

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

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.

QDTY vs. IQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) and iShares Nasdaq 100 ETF (IQQ). 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.

	QDTY	IQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.11	—	—
Sortino ratio: Return per unit of downside risk	1.57	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.84	—	—
Martin ratio: Return relative to average drawdown	5.79	—	—

Drawdowns

QDTY vs. IQQ - Drawdown Comparison

The maximum QDTY drawdown since its inception was -23.45%, which is greater than IQQ's maximum drawdown of -8.80%. Use the drawdown chart below to compare losses from any high point for QDTY and IQQ.

Drawdown Indicators

	QDTY	IQQ	Difference
Max Drawdown Largest peak-to-trough decline	-23.45%	-8.80%	-14.65%
Max Drawdown (1Y) Largest decline over 1 year	-11.10%	—	—
Current Drawdown Current decline from peak	-5.85%	-5.21%	-0.64%
Average Drawdown Average peak-to-trough decline	-4.44%	-3.69%	-0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	—	—

Volatility

Volatility by Period

	QDTY	IQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.49%	23.03%	-4.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.06%	23.03%	+3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.06%	23.03%	+3.03%

QDTY vs. IQQ - Expense Ratio Comparison

QDTY has a 1.01% expense ratio, which is higher than IQQ's 0.10% expense ratio.

Dividends

QDTY vs. IQQ - Dividend Comparison

QDTY's dividend yield for the trailing twelve months is around 35.74%, while IQQ has not paid dividends to shareholders.

Position	TTM	2025
IQQ iShares Nasdaq 100 ETF	0.00%	0.00%
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	35.74%	26.82%

Frequently Asked Questions

Can I hold both QDTY and IQQ in my portfolio?

With a correlation of 0.97, QDTY and IQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QDTY or IQQ?

On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QDTY or IQQ?

IQQ is cheaper with a 0.10% expense ratio, compared with 1.01% for QDTY.

Which ETF pays a higher dividend yield, QDTY or IQQ?

QDTY has the higher dividend yield at 35.74%, compared with 0.00% for IQQ.

What is the main difference between QDTY and IQQ?

They also come from different issuers: YieldMax and iShares. Their fees differ too: 1.01% for QDTY and 0.10% for IQQ.