QQQS vs. USOY

Last updated Jun 4, 2026

QQQS (Invesco NASDAQ Future Gen 200 ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - QQQS is a Small Cap Blend Equities fund tracking the Nasdaq Innovators Completion Cap Total Return Index, while USOY is a Derivative Income fund actively managed by Defiance. QQQS is passively managed, while USOY is actively managed. Over the past year, QQQS returned 79.99% vs 57.29% for USOY. At a correlation of -0.10, they often move in opposite directions. QQQS charges 0.20%/yr vs 1.22%/yr for USOY.

Performance

QQQS vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Future Gen 200 ETF (QQQS) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQS achieves a 27.27% return, which is significantly lower than USOY's 62.18% return.

QQQS

• 1D: -1.70%
• 1M: 5.91%
• YTD: 27.27%
• 6M: 27.40%
• 1Y: 79.99%
• 3Y*: 15.89%
• 5Y*: —
• 10Y*: —

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQS vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQS Invesco NASDAQ Future Gen 200 ETF	27.27%	23.03%	14.12%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-7.93%	7.27%

Correlation

The correlation between QQQS and USOY is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.30
Correlation (All Time) Calculated using the full available price history since May 13, 2024	-0.10

Over the past year, the inverse relationship between QQQS and USOY has strengthened: their correlation has moved from -0.10 to -0.30, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

QQQS vs. USOY — Risk / Return Rank

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

QQQS

QQQS Risk / Return Rank: 85
QQQS Sharpe Ratio Rank: 88
QQQS Sortino Ratio Rank: 83
QQQS Omega Ratio Rank: 73
QQQS Calmar Ratio Rank: 91
QQQS Martin Ratio Rank: 88

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
USOY Martin Ratio Rank: 46

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.

QQQS vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Future Gen 200 ETF (QQQS) and Defiance Oil Enhanced Options Income ETF (USOY). 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.

	QQQS	USOY	Difference
Sharpe ratio Return per unit of total volatility	3.00	1.89	+1.11
Sortino ratio Return per unit of downside risk	3.78	2.30	+1.49
Omega ratio Gain probability vs. loss probability	1.44	1.35	+0.09
Calmar ratio Return relative to maximum drawdown	5.90	4.03	+1.87
Martin ratio Return relative to average drawdown	19.70	7.74	+11.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQS vs. USOY - Sharpe Ratio Comparison

The current QQQS Sharpe Ratio is 3.00, which is higher than the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of QQQS and USOY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQS	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.00	1.89	+1.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.99	-0.37

Drawdowns

QQQS vs. USOY - Drawdown Comparison

The maximum QQQS drawdown since its inception was -38.06%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for QQQS and USOY.

Drawdown Indicators

	QQQS	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-38.06%	-17.46%	-20.60%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	-14.29%	+0.66%
Max Drawdown (3Y) Largest decline over 3 years	-34.32%	—	—
Current Drawdown Current decline from peak	-2.55%	-5.11%	+2.56%
Average Drawdown Average peak-to-trough decline	-13.26%	-6.47%	-6.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	7.42%	-3.35%

Volatility

QQQS vs. USOY - Volatility Comparison

The current volatility for Invesco NASDAQ Future Gen 200 ETF (QQQS) is 7.39%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that QQQS experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQS	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.39%	11.62%	-4.23%
Volatility (6M) Calculated over the trailing 6-month period	18.49%	27.18%	-8.69%
Volatility (1Y) Calculated over the trailing 1-year period	26.90%	30.44%	-3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.34%	26.13%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.34%	26.13%	+2.21%

QQQS vs. USOY - Expense Ratio Comparison

QQQS has a 0.20% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

QQQS vs. USOY - Dividend Comparison

QQQS's dividend yield for the trailing twelve months is around 2.73%, less than USOY's 54.16% yield.

Position	TTM	2025	2024	2023	2022
QQQS Invesco NASDAQ Future Gen 200 ETF	2.73%	3.48%	0.80%	0.68%	0.04%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQS and USOY in my portfolio?

QQQS and USOY have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQS or USOY?

USOY has higher volatility (11.62%) compared to QQQS (7.39%). In terms of maximum drawdown, QQQS dropped -38.06% vs USOY's -17.46%.

Which ETF is better, QQQS or USOY?

On 1-year performance, QQQS leads with 79.99% vs 57.29% for USOY. On fees, QQQS is cheaper at 0.20% per year. On volatility, QQQS has been the lower-risk option at 7.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQS or USOY?

Over the 1-year period, QQQS has performed better with a 79.99% return vs 57.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQS or USOY?

QQQS is cheaper with a 0.20% expense ratio, compared with 1.22% for USOY.

Which ETF pays a higher dividend yield, QQQS or USOY?

USOY has the higher dividend yield at 54.16%, compared with 2.73% for QQQS.

What is the main difference between QQQS and USOY?

QQQS is categorized as Small Cap Blend Equities, while USOY is Derivative Income. They also come from different issuers: Invesco and Defiance. Their fees differ too: 0.20% for QQQS and 1.22% for USOY.

Which has better risk-adjusted returns?

QQQS currently has the higher Sharpe Ratio (3.00 vs 1.89), 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.