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QLDY vs. TQQQ
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QLDY vs. TQQQ

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) and ProShares UltraPro QQQ (TQQQ).

QLDY and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLDY is an actively managed fund by Defiance. It was launched on Sep 17, 2025. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.

Performance

QLDY vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

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QLDY vs. TQQQ - Yearly Performance Comparison

2026 (YTD)2025
QLDY
Defiance Nasdaq 100 LightningSpread Income ETF		-10.86%1.50%
TQQQ
ProShares UltraPro QQQ		-20.81%4.68%

Returns By Period

In the year-to-date period, QLDY achieves a -10.86% return, which is significantly higher than TQQQ's -20.81% return.

QLDY

1D
3.40%
1M
-7.06%
YTD
-10.86%
6M
-10.39%
1Y
—
3Y*
—
5Y*
—
10Y*
—

TQQQ

1D
10.00%
1M
-15.69%
YTD
-20.81%
6M
-19.12%
1Y
46.49%
3Y*
45.09%
5Y*
12.72%
10Y*
34.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Defiance Nasdaq 100 LightningSpread Income ETF

ProShares UltraPro QQQ

Often compared with QLDY:
QLDY vs. QQQQLDY vs. QQQYQLDY vs. VOOQLDY vs. QQQQ.TOQLDY vs. SPMOQLDY vs. GPTYQLDY vs. QDVO
Often compared with TQQQ:
TQQQ vs. QQQTQQQ vs. SOXLTQQQ vs. QLDTQQQ vs. SQQQTQQQ vs. SPXLTQQQ vs. UPROTQQQ vs. TECL

QLDY vs. TQQQ - Expense Ratio Comparison

QLDY has a 1.04% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

QLDY
Defiance Nasdaq 100 LightningSpread Income ETF
TQQQ
ProShares UltraPro QQQ

Return for Risk

QLDY vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QLDY
TQQQ
TQQQ Risk / Return Rank: 5050
Overall Rank
TQQQ Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 5757
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 5656
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 5555
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 4444
Martin Ratio Rank
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. TQQQ - Risk-Adjusted Trends Comparison

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

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

QLDY vs. TQQQ - Sharpe Ratio Comparison

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Sharpe Ratios by Period

QLDYTQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.69

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.19

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.53

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.88

0.64

-1.52

Correlation

The correlation between QLDY and TQQQ is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QLDY vs. TQQQ - Dividend Comparison

QLDY's dividend yield for the trailing twelve months is around 19.61%, more than TQQQ's 0.76% yield.

TTM20252024202320222021202020192018201720162015
QLDY
Defiance Nasdaq 100 LightningSpread Income ETF		19.61%9.34%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ		0.76%0.65%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%

Drawdowns

QLDY vs. TQQQ - Drawdown Comparison

The maximum QLDY drawdown since its inception was -17.44%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for QLDY and TQQQ.

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Drawdown Indicators

QLDYTQQQDifference

Max Drawdown

Largest peak-to-trough decline

-17.44%

-81.66%

+64.22%

Max Drawdown (1Y)

Largest decline over 1 year

—

-36.97%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-81.66%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-81.66%

—

Current Drawdown

Current decline from peak

-14.63%

-30.66%

+16.03%

Average Drawdown

Average peak-to-trough decline

-4.74%

-18.66%

+13.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

12.00%

—

Volatility

QLDY vs. TQQQ - Volatility Comparison

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Volatility by Period

QLDYTQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

19.43%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

38.32%

—

Volatility (1Y)

Calculated over the trailing 1-year period

19.64%

67.26%

-47.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.64%

66.55%

-46.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.64%

65.83%

-46.19%