QQQY.DE vs. SPYT

Last updated Apr 2, 2026

Compare and contrast key facts about IncomeShares Nasdaq 100 Options(0DTE)ETP EUR (QQQY.DE) and Defiance S&P 500 Income Target ETF (SPYT).

QQQY.DE and SPYT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQY.DE is an actively managed fund by Leverage Shares. It was launched on Aug 27, 2024. SPYT is an actively managed fund by Defiance. It was launched on Mar 7, 2024.

Performance

QQQY.DE vs. SPYT - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in IncomeShares Nasdaq 100 Options(0DTE)ETP EUR (QQQY.DE) and Defiance S&P 500 Income Target ETF (SPYT). The values are adjusted to include any dividend payments, if applicable.

QQQY.DE vs. SPYT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQY.DE IncomeShares Nasdaq 100 Options(0DTE)ETP EUR	-8.13%	2.36%	2.18%
SPYT Defiance S&P 500 Income Target ETF	-1.61%	-0.93%	1.63%

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 -8.13% return, which is significantly lower than SPYT's -1.61% return.

QQQY.DE

• 1D: -5.05%
• 1M: -6.93%
• YTD: -8.13%
• 6M: -5.92%
• 1Y: 2.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYT

• 1D: 0.42%
• 1M: -2.83%
• YTD: -1.61%
• 6M: -0.25%
• 1Y: 6.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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.

SPYT

Defiance S&P 500 Income Target ETF

QQQY.DE

IncomeShares Nasdaq 100 Options(0DTE)ETP EUR

Return for Risk

QQQY.DE vs. SPYT — Risk / Return Rank

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

QQQY.DE

QQQY.DE Risk / Return Rank: 16
QQQY.DE Sharpe Ratio Rank: 14
QQQY.DE Sortino Ratio Rank: 15
QQQY.DE Omega Ratio Rank: 17
QQQY.DE Calmar Ratio Rank: 20
QQQY.DE Martin Ratio Rank: 17

SPYT

SPYT Risk / Return Rank: 50
SPYT Sharpe Ratio Rank: 43
SPYT Sortino Ratio Rank: 45
SPYT Omega Ratio Rank: 54
SPYT Calmar Ratio Rank: 47
SPYT Martin Ratio Rank: 59

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.

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 ratio Return per unit of total volatility	0.10	0.35	-0.25
Sortino ratio Return per unit of downside risk	0.35	0.61	-0.27
Omega ratio Gain probability vs. loss probability	1.06	1.10	-0.04
Calmar ratio Return relative to maximum drawdown	0.37	0.52	-0.15
Martin ratio Return relative to average drawdown	0.80	2.20	-1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQY.DE vs. SPYT - Sharpe Ratio Comparison

The current QQQY.DE Sharpe Ratio is 0.10, which is lower than the SPYT Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of QQQY.DE and SPYT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQY.DE	SPYT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	0.35	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.45	-0.55

Correlation

The correlation between QQQY.DE and SPYT is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QQQY.DE vs. SPYT - Dividend Comparison

QQQY.DE's dividend yield for the trailing twelve months is around 101.02%, more than SPYT's 22.66% yield.

	TTM	2025	2024
QQQY.DE IncomeShares Nasdaq 100 Options(0DTE)ETP EUR	101.02%	128.10%	4.14%
SPYT Defiance S&P 500 Income Target ETF	22.66%	21.40%	17.37%

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.

Drawdown Indicators

	QQQY.DE	SPYT	Difference
Max Drawdown Largest peak-to-trough decline	-25.57%	-18.25%	-7.32%
Max Drawdown (1Y) Largest decline over 1 year	-20.15%	-11.56%	-8.59%
Current Drawdown Current decline from peak	-20.15%	-4.77%	-15.38%
Average Drawdown Average peak-to-trough decline	-11.01%	-2.11%	-8.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.40%	2.40%	+7.00%

Volatility

QQQY.DE vs. SPYT - Volatility Comparison

IncomeShares Nasdaq 100 Options(0DTE)ETP EUR (QQQY.DE) has a higher volatility of 6.44% compared to Defiance S&P 500 Income Target ETF (SPYT) at 4.35%. 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.

Volatility by Period

	QQQY.DE	SPYT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.44%	4.35%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	23.14%	9.26%	+13.88%
Volatility (1Y) Calculated over the trailing 1-year period	28.28%	19.72%	+8.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.19%	16.92%	+12.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.19%	16.92%	+12.27%