Correlation
The correlation between QQQT and QDTE is 0.93, 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.
QQQT vs. QDTE
Compare and contrast key facts about Defiance Nasdaq 100 Income Target ETF (QQQT) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).
QQQT and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQT is an actively managed fund by Defiance. It was launched on Jun 20, 2024. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQT or QDTE.
Performance
QQQT vs. QDTE - Performance Comparison
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Key characteristics
QQQT:
24.94%
QDTE:
22.08%
QQQT:
-22.51%
QDTE:
-22.86%
QQQT:
-4.53%
QDTE:
-7.77%
Returns By Period
In the year-to-date period, QQQT achieves a 0.09% return, which is significantly higher than QDTE's -2.25% return.
QQQT
0.09%
8.54%
0.28%
N/A
N/A
N/A
N/A
QDTE
-2.25%
9.76%
-3.65%
12.35%
N/A
N/A
N/A
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QQQT vs. QDTE - Expense Ratio Comparison
QQQT has a 1.05% expense ratio, which is higher than QDTE's 0.95% expense ratio.
Risk-Adjusted Performance
QQQT vs. QDTE — Risk-Adjusted Performance Rank
QQQT
QDTE
QQQT vs. QDTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Income Target ETF (QQQT) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE). 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.
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Dividends
QQQT vs. QDTE - Dividend Comparison
QQQT's dividend yield for the trailing twelve months is around 17.83%, less than QDTE's 44.76% yield.
| TTM | 2024 | |
|---|---|---|
QQQT Defiance Nasdaq 100 Income Target ETF | 17.83% | 10.35% |
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 44.76% | 32.09% |
Drawdowns
QQQT vs. QDTE - Drawdown Comparison
The maximum QQQT drawdown since its inception was -22.51%, roughly equal to the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for QQQT and QDTE.
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Volatility
QQQT vs. QDTE - Volatility Comparison
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