QDTY vs. QQQM

Last updated Aug 1, 2026

QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) and QQQM (Invesco NASDAQ 100 ETF) are both Nasdaq-100 funds. QDTY is actively managed, while QQQM is passively managed. Over the past year, QDTY returned 22.67% vs 24.86% for QQQM. Their correlation of 0.93 means they have usually moved in the same direction. QDTY charges 1.01%/yr vs 0.15%/yr for QQQM.

Performance

QDTY vs. QQQM - 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 NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDTY achieves a 9.56% return, which is significantly lower than QQQM's 12.29% return.

QDTY

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

QQQM

• 1D: 0.69%
• 1M: -3.45%
• 6M: 10.92%
• YTD: 12.29%
• 1Y: 24.86%
• 3Y*: 22.37%
• 5Y*: 14.31%
• 10Y*: —
• ALL TIME*: 16.51%

*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)
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	$575.56K	$563.37K	$755.82K
QQQM Invesco NASDAQ 100 ETF	$962.22M	$908.74M	$1.19B

QDTY vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	9.56%	12.21%
QQQM Invesco NASDAQ 100 ETF	12.29%	16.91%

Correlation

The correlation between QDTY and QQQM is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.93

The correlation between QDTY and QQQM has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

QDTY vs. QQQM - Sectors Allocation Comparison

Sectors	QDTY	QQQM
Technology	60.8%	60.9%
Communication Services	13.0%	13.1%
Consumer Cyclical	10.7%	10.7%
Consumer Defensive	6.2%	6.3%
Healthcare	3.6%	3.6%
Industrials	2.9%	2.7%
Utilities	1.1%	1.1%
Basic Materials	1.0%	1.0%
Energy	0.5%	0.5%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QDTY vs. QQQM — 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

QQQM

QQQM Risk / Return Rank: 49
QQQM Sharpe Ratio Rank: 48
QQQM Sortino Ratio Rank: 46
QQQM Omega Ratio Rank: 45
QQQM Calmar Ratio Rank: 54
QQQM Martin Ratio Rank: 52

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. QQQM - 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 NASDAQ 100 ETF (QQQM). 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	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.17	-0.06
Sortino ratio: Return per unit of downside risk	1.57	1.66	-0.09
Omega ratio: Gain probability vs. loss probability	1.20	1.21	-0.01
Calmar ratio: Return relative to maximum drawdown	1.84	1.88	-0.04
Martin ratio: Return relative to average drawdown	5.79	6.01	-0.22

QDTY vs. QQQM - Sharpe Ratio Comparison

The current QDTY Sharpe Ratio is 1.11, which is comparable to the QQQM Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of QDTY and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QDTY vs. QQQM - Drawdown Comparison

The maximum QDTY drawdown since its inception was -23.45%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for QDTY and QQQM.

Drawdown Indicators

	QDTY	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-23.45%	-35.04%	+11.59%
Max Drawdown (1Y) Largest decline over 1 year	-11.10%	-11.96%	+0.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-5.85%	-7.69%	+1.84%
Average Drawdown Average peak-to-trough decline	-4.44%	-8.15%	+3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	3.74%	-0.21%

Volatility

QDTY vs. QQQM - Volatility Comparison

YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 7.08% and 6.83%, 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.

Volatility by Period

	QDTY	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	6.83%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	15.40%	15.91%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	18.49%	19.24%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.06%	22.74%	+3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.06%	22.32%	+3.74%

QDTY vs. QQQM - Expense Ratio Comparison

QDTY has a 1.01% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

QDTY vs. QQQM - Dividend Comparison

QDTY's dividend yield for the trailing twelve months is around 35.74%, more than QQQM's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	35.74%	26.82%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.46%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both QDTY and QQQM in my portfolio?

With a correlation of 0.94, QDTY and QQQM 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 QQQM?

QDTY has higher volatility (7.08%) compared to QQQM (6.83%). In terms of maximum drawdown, QDTY dropped -23.45% vs QQQM's -35.04%.

Which ETF is better, QDTY or QQQM?

On 1-year performance, QQQM leads with 24.86% vs 22.67% for QDTY. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 6.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDTY or QQQM?

Over the 1-year period, QQQM has performed better with a 24.86% return vs 22.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDTY or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 1.01% for QDTY.

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

QDTY has the higher dividend yield at 35.74%, compared with 0.46% for QQQM.

What is the main difference between QDTY and QQQM?

They also come from different issuers: YieldMax and Invesco. Their fees differ too: 1.01% for QDTY and 0.15% for QQQM.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (1.17 vs 1.11), 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.