QQQT vs. MAIN

Last updated Jun 4, 2026

QQQT (Defiance Nasdaq 100 Income Target ETF) is Nasdaq-100 fund actively managed by Defiance, while MAIN (Main Street Capital Corporation) is a stock. Over the past year, QQQT returned 34.63% vs -3.49% for MAIN. At a 0.38 correlation, their price movements are largely independent.

Performance

QQQT vs. MAIN - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQT achieves a 19.45% return, which is significantly higher than MAIN's -13.65% return.

QQQT

• 1D: -0.29%
• 1M: 9.90%
• YTD: 19.45%
• 6M: 17.66%
• 1Y: 34.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAIN

• 1D: -1.67%
• 1M: -8.64%
• YTD: -13.65%
• 6M: -11.32%
• 1Y: -3.49%
• 3Y*: 17.00%
• 5Y*: 12.47%
• 10Y*: 12.73%

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

QQQT vs. MAIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQT Defiance Nasdaq 100 Income Target ETF	19.45%	14.04%	4.51%
MAIN Main Street Capital Corporation	-13.65%	10.74%	23.95%

Correlation

The correlation between QQQT and MAIN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.38

Return for Risk

QQQT vs. MAIN — Risk / Return Rank

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

QQQT

QQQT Risk / Return Rank: 64
QQQT Sharpe Ratio Rank: 72
QQQT Sortino Ratio Rank: 69
QQQT Omega Ratio Rank: 72
QQQT Calmar Ratio Rank: 54
QQQT Martin Ratio Rank: 55

MAIN

MAIN Risk / Return Rank: 32
MAIN Sharpe Ratio Rank: 35
MAIN Sortino Ratio Rank: 29
MAIN Omega Ratio Rank: 29
MAIN Calmar Ratio Rank: 35
MAIN Martin Ratio Rank: 35

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.

QQQT vs. MAIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Income Target ETF (QQQT) and Main Street Capital Corporation (MAIN). 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.

	QQQT	MAIN	Difference
Sharpe ratio: Return per unit of total volatility	2.38	-0.14	+2.52
Sortino ratio: Return per unit of downside risk	3.21	-0.03	+3.23
Omega ratio: Gain probability vs. loss probability	1.44	1.00	+0.44
Calmar ratio: Return relative to maximum drawdown	2.73	-0.16	+2.89
Martin ratio: Return relative to average drawdown	9.59	-0.33	+9.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQT vs. MAIN - Sharpe Ratio Comparison

The current QQQT Sharpe Ratio is 2.38, which is higher than the MAIN Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of QQQT and MAIN, 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

	QQQT	MAIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	-0.14	+2.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.55	+0.43

Drawdowns

QQQT vs. MAIN - Drawdown Comparison

The maximum QQQT drawdown since its inception was -22.50%, smaller than the maximum MAIN drawdown of -64.53%. Use the drawdown chart below to compare losses from any high point for QQQT and MAIN.

Drawdown Indicators

	QQQT	MAIN	Difference
Max Drawdown Largest peak-to-trough decline	-22.50%	-64.53%	+42.03%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-22.43%	+9.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.53%	—
Current Drawdown Current decline from peak	-0.29%	-20.74%	+20.45%
Average Drawdown Average peak-to-trough decline	-4.01%	-7.29%	+3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	10.72%	-7.10%

Volatility

QQQT vs. MAIN - Volatility Comparison

The current volatility for Defiance Nasdaq 100 Income Target ETF (QQQT) is 4.04%, while Main Street Capital Corporation (MAIN) has a volatility of 8.82%. This indicates that QQQT experiences smaller price fluctuations and is considered to be less risky than MAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQT	MAIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	8.82%	-4.78%
Volatility (6M) Calculated over the trailing 6-month period	11.20%	20.33%	-9.13%
Volatility (1Y) Calculated over the trailing 1-year period	14.61%	24.81%	-10.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.24%	21.56%	-1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	27.29%	-7.05%

Dividends

QQQT vs. MAIN - Dividend Comparison

QQQT's dividend yield for the trailing twelve months is around 19.16%, more than MAIN's 8.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAIN Main Street Capital Corporation	8.44%	7.00%	7.02%	8.55%	7.97%	5.74%	6.99%	6.76%	8.43%	7.49%	7.42%	9.15%
QQQT Defiance Nasdaq 100 Income Target ETF	19.16%	21.27%	10.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQT and MAIN in my portfolio?

QQQT and MAIN have a correlation of 0.34, 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 MAIN?

MAIN has higher volatility (8.82%) compared to QQQT (4.04%). In terms of maximum drawdown, QQQT dropped -22.50% vs MAIN's -64.53%.

Which has better risk-adjusted returns?

QQQT currently has the higher Sharpe Ratio (2.38 vs -0.14), 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.