QLDY vs. QQQA
QLDY (Defiance Nasdaq 100 LightningSpread Income ETF) and QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) are both Nasdaq-100 funds. QLDY is actively managed, while QQQA is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. QLDY charges 1.04%/yr vs 0.58%/yr for QQQA.
Performance
QLDY vs. QQQA - Performance Comparison
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Returns By Period
In the year-to-date period, QLDY achieves a 10.66% return, which is significantly lower than QQQA's 62.20% return.
QLDY
- 1D
- -1.66%
- 1M
- -3.42%
- YTD
- 10.66%
- 6M
- 8.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQA
- 1D
- -1.25%
- 1M
- 9.62%
- YTD
- 62.20%
- 6M
- 58.27%
- 1Y
- 82.44%
- 3Y*
- 32.99%
- 5Y*
- 13.98%
- 10Y*
- —
QLDY vs. QQQA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QLDY Defiance Nasdaq 100 LightningSpread Income ETF | 10.66% | 1.54% |
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 62.20% | 8.55% |
Correlation
The correlation between QLDY and QQQA is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | 0.85 |
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Return for Risk
QLDY vs. QQQA — Risk / Return Rank
QLDY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQA
QLDY vs. QQQA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). 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.
| QLDY | QQQA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.45 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.70 | — |
| Martin ratioReturn relative to average drawdown | — | 20.29 | — |
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Drawdowns
QLDY vs. QQQA - Drawdown Comparison
The maximum QLDY drawdown since its inception was -17.44%, smaller than the maximum QQQA drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for QLDY and QQQA.
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Drawdown Indicators
| QLDY | QQQA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.44% | -38.44% | +21.00% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.54% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.44% | — |
Current DrawdownCurrent decline from peak | -7.20% | -7.30% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -15.54% | +11.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.08% | — |
Volatility
QLDY vs. QQQA - Volatility Comparison
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Volatility by Period
| QLDY | QQQA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 26.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.38% | 30.24% | -8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.38% | 26.72% | -5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.38% | 26.54% | -5.16% |
QLDY vs. QQQA - Expense Ratio Comparison
QLDY has a 1.04% expense ratio, which is higher than QQQA's 0.58% expense ratio.
Dividends
QLDY vs. QQQA - Dividend Comparison
QLDY's dividend yield for the trailing twelve months is around 24.62%, more than QQQA's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
QLDY Defiance Nasdaq 100 LightningSpread Income ETF | 24.62% | 9.34% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 0.06% | 0.10% | 0.09% | 0.34% | 0.28% | 0.10% |
Frequently Asked Questions
QLDY and QQQA have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQA is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQA is cheaper with a 0.58% expense ratio, compared with 1.04% for QLDY.
QLDY has the higher dividend yield at 24.62%, compared with 0.06% for QQQA.
They also come from different issuers: Defiance and ProShares. Their fees differ too: 1.04% for QLDY and 0.58% for QQQA.
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