QDTY vs. QEW

Last updated Jun 4, 2026

QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) and QEW (Invesco QQQ Equal Weight ETF) are both Nasdaq-100 funds. QDTY is actively managed, while QEW is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. QDTY charges 1.01%/yr vs 0.25%/yr for QEW.

Performance

QDTY vs. QEW - 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 Invesco QQQ Equal Weight ETF (QEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QDTY

• 1D: 0.06%
• 1M: 9.62%
• YTD: 16.37%
• 6M: 16.71%
• 1Y: 39.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QEW

• 1D: -0.11%
• 1M: 10.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QDTY vs. QEW - Yearly Performance Comparison

	2026 (YTD)
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	20.55%
QEW Invesco QQQ Equal Weight ETF	21.49%

Correlation

The correlation between QDTY and QEW is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.79

Return for Risk

QDTY vs. QEW — Risk / Return Rank

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

QDTY

QDTY Risk / Return Rank: 75
QDTY Sharpe Ratio Rank: 80
QDTY Sortino Ratio Rank: 75
QDTY Omega Ratio Rank: 76
QDTY Calmar Ratio Rank: 72
QDTY Martin Ratio Rank: 71

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.

QDTY vs. QEW - 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 Invesco QQQ Equal Weight ETF (QEW). 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.

	QDTY	QEW	Difference
Sharpe ratio: Return per unit of total volatility	2.65	—	—
Sortino ratio: Return per unit of downside risk	3.41	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	3.62	—	—
Martin ratio: Return relative to average drawdown	13.27	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QDTY	QEW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	9.75	-8.89

Drawdowns

QDTY vs. QEW - Drawdown Comparison

The maximum QDTY drawdown since its inception was -23.45%, which is greater than QEW's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for QDTY and QEW.

Drawdown Indicators

	QDTY	QEW	Difference
Max Drawdown Largest peak-to-trough decline	-23.45%	-4.15%	-19.30%
Max Drawdown (1Y) Largest decline over 1 year	-11.10%	—	—
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-4.48%	-0.57%	-3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	—	—

Volatility

Volatility by Period

	QDTY	QEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	15.78%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.87%	15.78%	+10.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.87%	15.78%	+10.09%

QDTY vs. QEW - Expense Ratio Comparison

QDTY has a 1.01% expense ratio, which is higher than QEW's 0.25% expense ratio.

Dividends

QDTY vs. QEW - Dividend Comparison

QDTY's dividend yield for the trailing twelve months is around 30.90%, while QEW has not paid dividends to shareholders.

Position	TTM	2025
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	30.90%	26.82%
QEW Invesco QQQ Equal Weight ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both QDTY and QEW in my portfolio?

QDTY and QEW have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QDTY or QEW?

On fees, QEW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QDTY or QEW?

QEW is cheaper with a 0.25% expense ratio, compared with 1.01% for QDTY.

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

QDTY has the higher dividend yield at 30.90%, compared with 0.00% for QEW.

What is the main difference between QDTY and QEW?

They also come from different issuers: YieldMax and Invesco. Their fees differ too: 1.01% for QDTY and 0.25% for QEW.