QQQY.DE vs. SPYT
QQQY.DE (IncomeShares Nasdaq 100 Options(0DTE)ETP EUR) and SPYT (Defiance S&P 500 Income Target ETF) are both exchange-traded funds - QQQY.DE is a Nasdaq-100 fund actively managed by Leverage Shares, while SPYT is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, QQQY.DE returned 29.21% vs 20.11% for SPYT. A 0.51 correlation means they provide meaningful diversification when combined. QQQY.DE charges 0.45%/yr vs 0.87%/yr for SPYT.
Performance
QQQY.DE vs. SPYT - Performance Comparison
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Different Trading Currencies
QQQY.DE is traded in EUR, while SPYT is traded in USD. To make them comparable, the SPYT values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, QQQY.DE achieves a 16.00% return, which is significantly higher than SPYT's 9.44% return.
QQQY.DE
- 1D
- -0.69%
- 1M
- 7.04%
- YTD
- 16.00%
- 6M
- 15.01%
- 1Y
- 29.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYT
- 1D
- -1.76%
- 1M
- 1.98%
- YTD
- 9.44%
- 6M
- 8.21%
- 1Y
- 20.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQY.DE vs. SPYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQY.DE IncomeShares Nasdaq 100 Options(0DTE)ETP EUR | 16.00% | 2.36% | 2.18% |
SPYT Defiance S&P 500 Income Target ETF | 9.44% | -0.93% | 1.63% |
Correlation
The correlation between QQQY.DE and SPYT is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.51 |
The correlation between QQQY.DE and SPYT has been stable across timeframes, ranging from 0.51 to 0.54 - a consistent structural relationship.
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Return for Risk
QQQY.DE vs. SPYT — Risk / Return Rank
QQQY.DE
SPYT
QQQY.DE vs. SPYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Nasdaq 100 Options(0DTE)ETP EUR (QQQY.DE) and Defiance S&P 500 Income Target ETF (SPYT). 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.
| QQQY.DE | SPYT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.09 | -1.28 |
| Martin ratioReturn relative to average drawdown | 3.02 | 11.25 | -8.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQY.DE | SPYT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.75 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.75 | -0.26 |
Drawdowns
QQQY.DE vs. SPYT - Drawdown Comparison
The maximum QQQY.DE drawdown since its inception was -25.57%, which is greater than SPYT's maximum drawdown of -23.48%. Use the drawdown chart below to compare losses from any high point for QQQY.DE and SPYT.
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Drawdown Indicators
| QQQY.DE | SPYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.57% | -23.48% | -2.09% |
Max Drawdown (1Y)Largest decline over 1 year | -16.34% | -6.54% | -9.80% |
Current DrawdownCurrent decline from peak | -1.03% | -1.89% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -10.47% | -4.27% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.83% | 1.79% | +8.04% |
Volatility
QQQY.DE vs. SPYT - Volatility Comparison
IncomeShares Nasdaq 100 Options(0DTE)ETP EUR (QQQY.DE) has a higher volatility of 3.94% compared to Defiance S&P 500 Income Target ETF (SPYT) at 2.74%. This indicates that QQQY.DE's price experiences larger fluctuations and is considered to be riskier than SPYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQY.DE | SPYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 2.74% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 8.23% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.46% | 11.53% | +13.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.58% | 16.44% | +11.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.58% | 16.44% | +11.14% |
QQQY.DE vs. SPYT - Expense Ratio Comparison
QQQY.DE has a 0.45% expense ratio, which is lower than SPYT's 0.87% expense ratio.
Dividends
QQQY.DE vs. SPYT - Dividend Comparison
QQQY.DE's dividend yield for the trailing twelve months is around 67.30%, more than SPYT's 21.18% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQQY.DE IncomeShares Nasdaq 100 Options(0DTE)ETP EUR | 67.30% | 128.10% | 4.14% |
SPYT Defiance S&P 500 Income Target ETF | 21.18% | 21.40% | 17.37% |
Frequently Asked Questions
QQQY.DE and SPYT have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQY.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQY.DE is cheaper with a 0.45% expense ratio, compared with 0.87% for SPYT.
QQQY.DE is categorized as Nasdaq-100, while SPYT is Derivative Income. They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.45% for QQQY.DE and 0.87% for SPYT.
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