QLDY vs. QQQY
QLDY (Defiance Nasdaq 100 LightningSpread Income ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both Nasdaq-100 funds from Defiance. Both are actively managed. With a 0.95 correlation, they move nearly in lockstep. QLDY charges 1.04%/yr vs 0.99%/yr for QQQY.
Performance
QLDY vs. QQQY - Performance Comparison
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Returns By Period
In the year-to-date period, QLDY achieves a 12.52% return, which is significantly lower than QQQY's 14.69% return.
QLDY
- 1D
- -3.02%
- 1M
- -1.79%
- YTD
- 12.52%
- 6M
- 10.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQY
- 1D
- -3.21%
- 1M
- -0.60%
- YTD
- 14.69%
- 6M
- 13.76%
- 1Y
- 29.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QLDY vs. QQQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QLDY Defiance Nasdaq 100 LightningSpread Income ETF | 12.52% | 1.54% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 14.69% | 3.22% |
Correlation
The correlation between QLDY and QQQY is 0.95 - 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 | 0.95 |
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Return for Risk
QLDY vs. QQQY — Risk / Return Rank
QLDY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQY
QLDY vs. QQQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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 | QQQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.62 | — |
| Martin ratioReturn relative to average drawdown | — | 10.63 | — |
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Drawdowns
QLDY vs. QQQY - Drawdown Comparison
The maximum QLDY drawdown since its inception was -17.44%, smaller than the maximum QQQY drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for QLDY and QQQY.
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Drawdown Indicators
| QLDY | QQQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.44% | -19.05% | +1.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.14% | — |
Current DrawdownCurrent decline from peak | -5.63% | -4.03% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -2.91% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.74% | — |
Volatility
QLDY vs. QQQY - Volatility Comparison
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Volatility by Period
| QLDY | QQQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.34% | 15.78% | +5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.34% | 15.39% | +5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.34% | 15.39% | +5.95% |
QLDY vs. QQQY - Expense Ratio Comparison
QLDY has a 1.04% expense ratio, which is higher than QQQY's 0.99% expense ratio.
Dividends
QLDY vs. QQQY - Dividend Comparison
QLDY's dividend yield for the trailing twelve months is around 24.21%, less than QQQY's 35.60% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QLDY Defiance Nasdaq 100 LightningSpread Income ETF | 24.21% | 9.34% | 0.00% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 35.60% | 45.34% | 83.34% | 20.64% |
Frequently Asked Questions
With a correlation of 0.95, QLDY and QQQY 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.
On fees, QQQY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQY is cheaper with a 0.99% expense ratio, compared with 1.04% for QLDY.
QQQY has the higher dividend yield at 35.60%, compared with 24.21% for QLDY.
Their fees differ too: 1.04% for QLDY and 0.99% for QQQY.
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