QQQY vs. ^IBEX

Last updated Apr 3, 2026

Compare and contrast key facts about Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and IBEX 35 Index (^IBEX).

QQQY is an actively managed fund by Defiance. It was launched on Sep 13, 2023.

Performance

QQQY vs. ^IBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and IBEX 35 Index (^IBEX). The values are adjusted to include any dividend payments, if applicable.

QQQY vs. ^IBEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	-4.70%	14.96%	7.70%	7.22%
^IBEX IBEX 35 Index	-0.36%	69.32%	7.68%	9.71%

Different Trading Currencies

QQQY is traded in USD, while ^IBEX is traded in EUR. To make them comparable, the ^IBEX values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQQY achieves a -4.70% return, which is significantly lower than ^IBEX's -0.36% return.

QQQY

• 1D: 0.12%
• 1M: -2.21%
• YTD: -4.70%
• 6M: -4.27%
• 1Y: 14.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^IBEX

• 1D: -0.59%
• 1M: 2.23%
• YTD: -0.36%
• 6M: 11.57%
• 1Y: 39.86%
• 3Y*: 26.62%
• 5Y*: 14.93%
• 10Y*: 7.54%

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

Return for Risk

QQQY vs. ^IBEX — Risk / Return Rank

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

QQQY

QQQY Risk / Return Rank: 40
QQQY Sharpe Ratio Rank: 43
QQQY Sortino Ratio Rank: 35
QQQY Omega Ratio Rank: 40
QQQY Calmar Ratio Rank: 42
QQQY Martin Ratio Rank: 39

^IBEX

^IBEX Risk / Return Rank: 93
^IBEX Sharpe Ratio Rank: 90
^IBEX Sortino Ratio Rank: 89
^IBEX Omega Ratio Rank: 90
^IBEX Calmar Ratio Rank: 98
^IBEX Martin Ratio Rank: 98

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 vs. ^IBEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and IBEX 35 Index (^IBEX). 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	^IBEX	Difference
Sharpe ratio Return per unit of total volatility	0.87	1.93	-1.06
Sortino ratio Return per unit of downside risk	1.11	2.45	-1.34
Omega ratio Gain probability vs. loss probability	1.18	1.36	-0.19
Calmar ratio Return relative to maximum drawdown	1.33	5.00	-3.67
Martin ratio Return relative to average drawdown	4.39	17.86	-13.46
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 vs. ^IBEX - Sharpe Ratio Comparison

The current QQQY Sharpe Ratio is 0.87, which is lower than the ^IBEX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of QQQY and ^IBEX, 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	^IBEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.93	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.02	+0.65

Correlation

The correlation between QQQY and ^IBEX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

QQQY vs. ^IBEX - Drawdown Comparison

The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum ^IBEX drawdown of -71.44%. Use the drawdown chart below to compare losses from any high point for QQQY and ^IBEX.

Drawdown Indicators

	QQQY	^IBEX	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-62.65%	+43.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-10.65%	-0.49%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.16%	—
Current Drawdown Current decline from peak	-6.94%	-5.09%	-1.85%
Average Drawdown Average peak-to-trough decline	-3.04%	-28.45%	+25.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	2.68%	+0.75%

Volatility

QQQY vs. ^IBEX - Volatility Comparison

The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 6.18%, while IBEX 35 Index (^IBEX) has a volatility of 6.71%. This indicates that QQQY experiences smaller price fluctuations and is considered to be less risky than ^IBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQY	^IBEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	6.71%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	11.19%	13.24%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.41%	20.17%	-3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	19.46%	-4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.67%	20.71%	-6.04%