QQQY vs. AAPW

Last updated Jun 9, 2026

QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) and AAPW (AAPL WeeklyPay™ ETF) are both exchange-traded funds - QQQY is a Nasdaq-100 fund actively managed by Defiance, while AAPW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, QQQY returned 30.60% vs 53.40% for AAPW. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

QQQY vs. AAPW - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQY achieves a 14.65% return, which is significantly higher than AAPW's 11.28% return.

QQQY

• 1D: 1.28%
• 1M: -0.02%
• YTD: 14.65%
• 6M: 14.20%
• 1Y: 30.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAPW

• 1D: -2.57%
• 1M: 3.24%
• YTD: 11.28%
• 6M: 8.38%
• 1Y: 53.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQY vs. AAPW - Yearly Performance Comparison

	2026 (YTD)	2025
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	14.65%	10.54%
AAPW AAPL WeeklyPay™ ETF	11.28%	8.56%

Correlation

The correlation between QQQY and AAPW is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.44

Return for Risk

QQQY vs. AAPW — Risk / Return Rank

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

QQQY

QQQY Risk / Return Rank: 68
QQQY Sharpe Ratio Rank: 72
QQQY Sortino Ratio Rank: 63
QQQY Omega Ratio Rank: 75
QQQY Calmar Ratio Rank: 61
QQQY Martin Ratio Rank: 69

AAPW

AAPW Risk / Return Rank: 63
AAPW Sharpe Ratio Rank: 65
AAPW Sortino Ratio Rank: 67
AAPW Omega Ratio Rank: 64
AAPW Calmar Ratio Rank: 68
AAPW Martin Ratio Rank: 50

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. AAPW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and AAPL WeeklyPay™ ETF (AAPW). 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	AAPW	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.94	+0.17
Sortino ratio: Return per unit of downside risk	2.62	2.75	-0.12
Omega ratio: Gain probability vs. loss probability	1.40	1.35	+0.05
Calmar ratio: Return relative to maximum drawdown	2.76	3.09	-0.33
Martin ratio: Return relative to average drawdown	11.59	7.76	+3.83
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. AAPW - Sharpe Ratio Comparison

The current QQQY Sharpe Ratio is 2.12, which is comparable to the AAPW Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of QQQY and AAPW, 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

	QQQY	AAPW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	1.94	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.45	+0.66

Drawdowns

QQQY vs. AAPW - Drawdown Comparison

The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum AAPW drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for QQQY and AAPW.

Drawdown Indicators

	QQQY	AAPW	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-36.28%	+17.23%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-17.36%	+6.22%
Current Drawdown Current decline from peak	-4.06%	-5.19%	+1.13%
Average Drawdown Average peak-to-trough decline	-2.91%	-11.10%	+8.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	6.92%	-4.27%

Volatility

QQQY vs. AAPW - Volatility Comparison

The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 6.53%, while AAPL WeeklyPay™ ETF (AAPW) has a volatility of 6.96%. This indicates that QQQY experiences smaller price fluctuations and is considered to be less risky than AAPW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQY	AAPW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.53%	6.96%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	12.41%	19.70%	-7.29%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	27.65%	-13.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	34.66%	-19.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.03%	34.66%	-19.63%

QQQY vs. AAPW - Expense Ratio Comparison

Both QQQY and AAPW have an expense ratio of 0.99%.

Dividends

QQQY vs. AAPW - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 35.66%, more than AAPW's 33.19% yield.

Position	TTM	2025	2024	2023
AAPW AAPL WeeklyPay™ ETF	33.19%	28.83%	0.00%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.66%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both QQQY and AAPW in my portfolio?

QQQY and AAPW have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQY or AAPW?

AAPW has higher volatility (6.96%) compared to QQQY (6.53%). In terms of maximum drawdown, QQQY dropped -19.05% vs AAPW's -36.28%.

Which ETF is better, QQQY or AAPW?

On 1-year performance, AAPW leads with 53.40% vs 30.60% for QQQY. Both ETFs have the same 0.99% expense ratio. On volatility, QQQY has been the lower-risk option at 6.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQY or AAPW?

Over the 1-year period, AAPW has performed better with a 53.40% return vs 30.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQY or AAPW?

QQQY and AAPW have the same expense ratio: 0.99% per year.

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

QQQY has the higher dividend yield at 35.66%, compared with 33.19% for AAPW.

What is the main difference between QQQY and AAPW?

QQQY is categorized as Nasdaq-100, while AAPW is Derivative Income. They also come from different issuers: Defiance and Roundhill.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (2.12 vs 1.94), 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.