QDTY vs. QQQ

Last updated Jun 4, 2026

QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) and QQQ (Invesco QQQ ETF) are both Nasdaq-100 funds. QDTY is actively managed, while QQQ is passively managed. Over the past year, QDTY returned 39.98% vs 41.82% for QQQ. Their correlation of 0.91 suggests significant overlap in exposure. QDTY charges 1.01%/yr vs 0.18%/yr for QQQ.

Performance

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

Returns By Period

In the year-to-date period, QDTY achieves a 16.37% return, which is significantly lower than QQQ's 21.30% return.

QDTY

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

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

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

QDTY vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	16.37%	11.37%
QQQ Invesco QQQ ETF	21.30%	15.21%

Correlation

The correlation between QDTY and QQQ is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.91

The correlation between QDTY and QQQ has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

QDTY vs. QQQ - Sectors Allocation Comparison

Sectors	QDTY	QQQ
Technology	53.7%	53.8%
Communication Services	15.8%	15.8%
Consumer Cyclical	12.2%	12.3%
Consumer Defensive	7.7%	7.7%
Healthcare	4.2%	4.2%
Industrials	3.1%	2.8%
Utilities	1.4%	1.4%
Basic Materials	1.1%	1.1%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QDTY vs. QQQ — 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

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ 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. QQQ - 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 ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.65	2.64	+0.01
Sortino ratio: Return per unit of downside risk	3.41	3.45	-0.04
Omega ratio: Gain probability vs. loss probability	1.46	1.45	+0.01
Calmar ratio: Return relative to maximum drawdown	3.62	3.51	+0.11
Martin ratio: Return relative to average drawdown	13.27	13.49	-0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDTY vs. QQQ - Sharpe Ratio Comparison

The current QDTY Sharpe Ratio is 2.65, which is comparable to the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of QDTY and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QDTY	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	2.64	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.41	+0.45

Drawdowns

QDTY vs. QQQ - Drawdown Comparison

The maximum QDTY drawdown since its inception was -23.45%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for QDTY and QQQ.

Drawdown Indicators

	QDTY	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-23.45%	-82.97%	+59.52%
Max Drawdown (1Y) Largest decline over 1 year	-11.10%	-11.96%	+0.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	0.00%	-0.26%	+0.26%
Average Drawdown Average peak-to-trough decline	-4.48%	-32.79%	+28.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	3.11%	-0.09%

Volatility

QDTY vs. QQQ - Volatility Comparison

The current volatility for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) is 3.29%, while Invesco QQQ ETF (QQQ) has a volatility of 4.49%. This indicates that QDTY experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDTY	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	4.49%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	11.77%	12.10%	-0.33%
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	15.94%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.87%	22.38%	+3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.87%	22.29%	+3.58%

QDTY vs. QQQ - Expense Ratio Comparison

QDTY has a 1.01% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

QDTY vs. QQQ - Dividend Comparison

QDTY's dividend yield for the trailing twelve months is around 30.90%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	30.90%	26.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both QDTY and QQQ in my portfolio?

With a correlation of 0.91, QDTY and QQQ 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 is riskier, QDTY or QQQ?

QQQ has higher volatility (4.49%) compared to QDTY (3.29%). In terms of maximum drawdown, QDTY dropped -23.45% vs QQQ's -82.97%.

Which ETF is better, QDTY or QQQ?

On 1-year performance, QQQ leads with 41.82% vs 39.98% for QDTY. On fees, QQQ is cheaper at 0.18% per year. On volatility, QDTY has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDTY or QQQ?

Over the 1-year period, QQQ has performed better with a 41.82% return vs 39.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDTY or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 1.01% for QDTY.

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

QDTY has the higher dividend yield at 30.90%, compared with 0.38% for QQQ.

What is the main difference between QDTY and QQQ?

They also come from different issuers: YieldMax and Invesco. Their fees differ too: 1.01% for QDTY and 0.18% for QQQ.

Which has better risk-adjusted returns?

QDTY currently has the higher Sharpe Ratio (2.65 vs 2.64), 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.