QQQT vs. QQQY

Last updated Jun 3, 2026

QQQT (Defiance Nasdaq 100 Income Target ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both Nasdaq-100 funds from Defiance. Both are actively managed. Over the past year, QQQT returned 35.65% vs 37.77% for QQQY. Their correlation of 0.89 suggests significant overlap in exposure. QQQT charges 1.05%/yr vs 0.99%/yr for QQQY.

Performance

QQQT vs. QQQY - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with QQQT having a 19.80% return and QQQY slightly lower at 19.50%.

QQQT

• 1D: 0.21%
• 1M: 10.10%
• YTD: 19.80%
• 6M: 18.06%
• 1Y: 35.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY

• 1D: 0.44%
• 1M: 9.90%
• YTD: 19.50%
• 6M: 19.98%
• 1Y: 37.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQT vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQT Defiance Nasdaq 100 Income Target ETF	19.80%	14.04%	4.51%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	19.50%	14.96%	-1.57%

Correlation

The correlation between QQQT and QQQY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.89

The correlation between QQQT and QQQY has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

QQQT vs. QQQY — Risk / Return Rank

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

QQQT

QQQT Risk / Return Rank: 67
QQQT Sharpe Ratio Rank: 74
QQQT Sortino Ratio Rank: 71
QQQT Omega Ratio Rank: 75
QQQT Calmar Ratio Rank: 57
QQQT Martin Ratio Rank: 56

QQQY

QQQY Risk / Return Rank: 78
QQQY Sharpe Ratio Rank: 84
QQQY Sortino Ratio Rank: 77
QQQY Omega Ratio Rank: 83
QQQY Calmar Ratio Rank: 69
QQQY Martin Ratio Rank: 76

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. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Income Target ETF (QQQT) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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	QQQY	Difference
Sharpe ratio Return per unit of total volatility	2.45	2.78	-0.33
Sortino ratio Return per unit of downside risk	3.29	3.48	-0.20
Omega ratio Gain probability vs. loss probability	1.45	1.51	-0.06
Calmar ratio Return relative to maximum drawdown	2.87	3.49	-0.62
Martin ratio Return relative to average drawdown	10.08	14.87	-4.78
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. QQQY - Sharpe Ratio Comparison

The current QQQT Sharpe Ratio is 2.45, which is comparable to the QQQY Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of QQQT and QQQY, 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	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	2.78	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	1.26	-0.26

Drawdowns

QQQT vs. QQQY - Drawdown Comparison

The maximum QQQT drawdown since its inception was -22.50%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for QQQT and QQQY.

Drawdown Indicators

	QQQT	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-22.50%	-19.05%	-3.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-11.14%	-1.59%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.02%	-2.91%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	2.61%	+1.01%

Volatility

QQQT vs. QQQY - Volatility Comparison

Defiance Nasdaq 100 Income Target ETF (QQQT) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) have volatilities of 4.01% and 4.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQT	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	4.17%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	11.20%	11.29%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	13.68%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.26%	14.76%	+5.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	14.76%	+5.50%

QQQT vs. QQQY - Expense Ratio Comparison

QQQT has a 1.05% expense ratio, which is higher than QQQY's 0.99% expense ratio.

Dividends

QQQT vs. QQQY - Dividend Comparison

QQQT's dividend yield for the trailing twelve months is around 19.10%, less than QQQY's 34.21% yield.

Position	TTM	2025	2024	2023
QQQT Defiance Nasdaq 100 Income Target ETF	19.10%	21.27%	10.35%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	34.21%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both QQQT and QQQY in my portfolio?

With a correlation of 0.90, QQQT and QQQY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QQQT or QQQY?

QQQY has higher volatility (4.17%) compared to QQQT (4.01%). In terms of maximum drawdown, QQQT dropped -22.50% vs QQQY's -19.05%.

Which ETF is better, QQQT or QQQY?

On 1-year performance, QQQY leads with 37.77% vs 35.65% for QQQT. On fees, QQQY is cheaper at 0.99% per year. On volatility, QQQT has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQT or QQQY?

Over the 1-year period, QQQY has performed better with a 37.77% return vs 35.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQT or QQQY?

QQQY is cheaper with a 0.99% expense ratio, compared with 1.05% for QQQT.

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

QQQY has the higher dividend yield at 34.21%, compared with 19.10% for QQQT.

What is the main difference between QQQT and QQQY?

Their fees differ too: 1.05% for QQQT and 0.99% for QQQY.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (2.78 vs 2.45), 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.