QLDY vs. QQQM

Last updated Jun 25, 2026

QLDY (Defiance Nasdaq 100 LightningSpread Income ETF) and QQQM (Invesco NASDAQ 100 ETF) are both Nasdaq-100 funds. QLDY is actively managed, while QQQM is passively managed. With a 0.98 correlation, they move nearly in lockstep. QLDY charges 1.04%/yr vs 0.15%/yr for QQQM.

Performance

QLDY vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) 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, QLDY achieves a 10.66% return, which is significantly lower than QQQM's 15.99% return.

QLDY

• 1D: -1.66%
• 1M: -3.42%
• YTD: 10.66%
• 6M: 8.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQM

• 1D: -0.42%
• 1M: -0.84%
• YTD: 15.99%
• 6M: 14.21%
• 1Y: 32.39%
• 3Y*: 25.97%
• 5Y*: 16.03%
• 10Y*: —

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

QLDY vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025
QLDY Defiance Nasdaq 100 LightningSpread Income ETF	10.66%	1.54%
QQQM Invesco NASDAQ 100 ETF	15.99%	4.39%

Correlation

The correlation between QLDY and QQQM is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.98

Return for Risk

QLDY vs. QQQM — Risk / Return Rank

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

QLDY

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

QQQM

QQQM Risk / Return Rank: 60
QQQM Sharpe Ratio Rank: 61
QQQM Sortino Ratio Rank: 56
QQQM Omega Ratio Rank: 59
QQQM Calmar Ratio Rank: 61
QQQM Martin Ratio Rank: 62

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.

QLDY vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) 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.

	QLDY	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.83	—
Sortino ratio: Return per unit of downside risk	—	2.42	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.72	—
Martin ratio: Return relative to average drawdown	—	10.03	—

Drawdowns

QLDY vs. QQQM - Drawdown Comparison

The maximum QLDY drawdown since its inception was -17.44%, smaller than the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for QLDY and QQQM.

Drawdown Indicators

	QLDY	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-17.44%	-35.04%	+17.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
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	-7.20%	-4.64%	-2.56%
Average Drawdown Average peak-to-trough decline	-4.24%	-8.20%	+3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.24%	—

Volatility

Volatility by Period

	QLDY	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.38%	17.83%	+3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.38%	22.53%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.38%	22.29%	-0.91%

QLDY vs. QQQM - Expense Ratio Comparison

QLDY has a 1.04% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

QLDY vs. QQQM - Dividend Comparison

QLDY's dividend yield for the trailing twelve months is around 24.62%, more than QQQM's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QLDY Defiance Nasdaq 100 LightningSpread Income ETF	24.62%	9.34%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.45%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both QLDY and QQQM in my portfolio?

With a correlation of 0.98, QLDY 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 ETF is better, QLDY or QQQM?

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QLDY or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 1.04% for QLDY.

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

QLDY has the higher dividend yield at 24.62%, compared with 0.45% for QQQM.

What is the main difference between QLDY and QQQM?

They also come from different issuers: Defiance and Invesco. Their fees differ too: 1.04% for QLDY and 0.15% for QQQM.