QQQT vs. IWMY

Last updated Aug 4, 2026

QQQT (Defiance Nasdaq 100 Income Target ETF) and IWMY (Defiance R2000 Weekly Distribution ETF) are both exchange-traded funds - QQQT is a Nasdaq-100 fund actively managed by Defiance, while IWMY is a Options Trading fund actively managed by Defiance. Both are actively managed. Over the past year, QQQT returned 22.78% vs 21.52% for IWMY. Their 0.67 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.05% expense ratio.

Performance

QQQT vs. IWMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Nasdaq 100 Income Target ETF (QQQT) and Defiance R2000 Weekly Distribution ETF (IWMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQT achieves a 13.07% return, which is significantly lower than IWMY's 15.27% return.

QQQT

• 1D: 1.28%
• 1M: -1.76%
• 6M: 11.41%
• YTD: 13.07%
• 1Y: 22.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.98%

IWMY

• 1D: 1.69%
• 1M: -0.31%
• 6M: 10.17%
• YTD: 15.27%
• 1Y: 21.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IWMY Defiance R2000 Weekly Distribution ETF	$647.71K	$735.48K	$1.03M
QQQT Defiance Nasdaq 100 Income Target ETF	$676.38K	$582.63K	$768.61K

QQQT vs. IWMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQT Defiance Nasdaq 100 Income Target ETF	13.07%	14.04%	4.20%
IWMY Defiance R2000 Weekly Distribution ETF	15.27%	10.18%	3.87%

Correlation

The correlation between QQQT and IWMY is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (All Time) Calculated using the full available price history since Jun 21, 2024	0.67

The correlation between QQQT and IWMY has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.

Return for Risk

QQQT vs. IWMY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQT

QQQT Risk / Return Rank: 49
QQQT Sharpe Ratio Rank: 51
QQQT Sortino Ratio Rank: 48
QQQT Omega Ratio Rank: 51
QQQT Calmar Ratio Rank: 49
QQQT Martin Ratio Rank: 48

IWMY

IWMY Risk / Return Rank: 51
IWMY Sharpe Ratio Rank: 53
IWMY Sortino Ratio Rank: 50
IWMY Omega Ratio Rank: 49
IWMY Calmar Ratio Rank: 51
IWMY Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQT vs. IWMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Income Target ETF (QQQT) and Defiance R2000 Weekly Distribution ETF (IWMY). 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.

	QQQT	IWMY	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.33	-0.04
Sortino ratio: Return per unit of downside risk	1.79	1.85	-0.05
Omega ratio: Gain probability vs. loss probability	1.24	1.23	0.00
Calmar ratio: Return relative to maximum drawdown	1.80	1.87	-0.07
Martin ratio: Return relative to average drawdown	5.57	6.07	-0.50

QQQT vs. IWMY - Sharpe Ratio Comparison

The current QQQT Sharpe Ratio is 1.28, which is comparable to the IWMY Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of QQQT and IWMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQT vs. IWMY - Drawdown Comparison

The maximum QQQT drawdown since its inception was -22.50%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for QQQT and IWMY.

Drawdown Indicators

	QQQT	IWMY	Difference
Max Drawdown Largest peak-to-trough decline	-22.50%	-18.72%	-3.78%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-11.57%	-1.16%
Current Drawdown Current decline from peak	-5.62%	-0.99%	-4.63%
Average Drawdown Average peak-to-trough decline	-4.02%	-2.88%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	3.56%	+0.54%

Volatility

QQQT vs. IWMY - Volatility Comparison

Defiance Nasdaq 100 Income Target ETF (QQQT) has a higher volatility of 6.32% compared to Defiance R2000 Weekly Distribution ETF (IWMY) at 3.81%. This indicates that QQQT's price experiences larger fluctuations and is considered to be riskier than IWMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQT	IWMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	3.81%	+2.51%
Volatility (6M) Calculated over the trailing 6-month period	15.03%	13.49%	+1.54%
Volatility (1Y) Calculated over the trailing 1-year period	17.84%	16.34%	+1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	15.80%	+5.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.83%	15.80%	+5.03%

QQQT vs. IWMY - Expense Ratio Comparison

Both QQQT and IWMY have an expense ratio of 1.05%.

Dividends

QQQT vs. IWMY - Dividend Comparison

QQQT's dividend yield for the trailing twelve months is around 20.79%, less than IWMY's 41.16% yield.

Position	TTM	2025	2024	2023
IWMY Defiance R2000 Weekly Distribution ETF	41.16%	63.33%	107.92%	11.34%
QQQT Defiance Nasdaq 100 Income Target ETF	20.79%	21.27%	10.35%	0.00%

Frequently Asked Questions

Can I hold both QQQT and IWMY in my portfolio?

QQQT and IWMY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQT or IWMY?

QQQT has higher volatility (6.32%) compared to IWMY (3.81%). In terms of maximum drawdown, QQQT dropped -22.50% vs IWMY's -18.72%.

Which ETF is better, QQQT or IWMY?

On 1-year performance, QQQT leads with 22.78% vs 21.52% for IWMY. Both ETFs have the same 1.05% expense ratio. On volatility, IWMY has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQT or IWMY?

Over the 1-year period, QQQT has performed better with a 22.78% return vs 21.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQT or IWMY?

QQQT and IWMY have the same expense ratio: 1.05% per year.

Which ETF pays a higher dividend yield, QQQT or IWMY?

IWMY has the higher dividend yield at 41.16%, compared with 20.79% for QQQT.

What is the main difference between QQQT and IWMY?

QQQT is categorized as Nasdaq-100, while IWMY is Options Trading.

Which has better risk-adjusted returns?

IWMY currently has the higher Sharpe Ratio (1.33 vs 1.28), 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.