QQQY vs. COIW

Last updated Jul 21, 2026

QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) and COIW (COIN WeeklyPay™ ETF) are both exchange-traded funds - QQQY is a Nasdaq-100 fund actively managed by Defiance, while COIW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, QQQY returned 21.87% vs -71.21% for COIW. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

QQQY vs. COIW - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQY achieves a 12.87% return, which is significantly higher than COIW's -36.41% return.

QQQY

• 1D: -0.07%
• 1M: -4.79%
• 6M: 11.42%
• YTD: 12.87%
• 1Y: 21.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.24%

COIW

• 1D: 2.84%
• 1M: -2.39%
• 6M: -41.28%
• YTD: -36.41%
• 1Y: -71.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -41.30%

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

QQQY vs. COIW - Yearly Performance Comparison

	2026 (YTD)	2025
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	12.87%	10.91%
COIW COIN WeeklyPay™ ETF	-36.41%	-25.92%

Correlation

The correlation between QQQY and COIW is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.55

The correlation between QQQY and COIW has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.

Return for Risk

QQQY vs. COIW — Risk / Return Rank

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

QQQY

QQQY Risk / Return Rank: 51
QQQY Sharpe Ratio Rank: 50
QQQY Sortino Ratio Rank: 45
QQQY Omega Ratio Rank: 51
QQQY Calmar Ratio Rank: 52
QQQY Martin Ratio Rank: 59

COIW

COIW Risk / Return Rank: 2
COIW Sharpe Ratio Rank: 3
COIW Sortino Ratio Rank: 2
COIW Omega Ratio Rank: 2
COIW Calmar Ratio Rank: 1
COIW Martin Ratio Rank: 2

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. COIW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and COIN WeeklyPay™ ETF (COIW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQQY	COIW	Difference
Sharpe ratio: Return per unit of total volatility	1.31	-0.87	+2.18
Sortino ratio: Return per unit of downside risk	1.77	-1.56	+3.33
Omega ratio: Gain probability vs. loss probability	1.25	0.83	+0.42
Calmar ratio: Return relative to maximum drawdown	1.97	-0.96	+2.93
Martin ratio: Return relative to average drawdown	7.58	-1.36	+8.94

QQQY vs. COIW - Sharpe Ratio Comparison

The current QQQY Sharpe Ratio is 1.31, which is higher than the COIW Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of QQQY and COIW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQY vs. COIW - Drawdown Comparison

The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum COIW drawdown of -75.01%. Use the drawdown chart below to compare losses from any high point for QQQY and COIW.

Drawdown Indicators

	QQQY	COIW	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-75.01%	+55.96%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-74.56%	+63.42%
Current Drawdown Current decline from peak	-5.55%	-71.21%	+65.66%
Average Drawdown Average peak-to-trough decline	-2.92%	-40.96%	+38.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	52.97%	-50.08%

Volatility

QQQY vs. COIW - Volatility Comparison

The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 7.08%, while COIN WeeklyPay™ ETF (COIW) has a volatility of 19.87%. This indicates that QQQY experiences smaller price fluctuations and is considered to be less risky than COIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQY	COIW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	19.87%	-12.79%
Volatility (6M) Calculated over the trailing 6-month period	14.66%	63.94%	-49.28%
Volatility (1Y) Calculated over the trailing 1-year period	16.75%	82.10%	-65.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	89.47%	-73.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	89.47%	-73.90%

QQQY vs. COIW - Expense Ratio Comparison

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

Dividends

QQQY vs. COIW - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 37.35%, less than COIW's 227.24% yield.

Position	TTM	2025	2024	2023
COIW COIN WeeklyPay™ ETF	227.24%	120.37%	0.00%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	37.35%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both QQQY and COIW in my portfolio?

QQQY and COIW have a correlation of 0.50, 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 COIW?

COIW has higher volatility (19.87%) compared to QQQY (7.08%). In terms of maximum drawdown, QQQY dropped -19.05% vs COIW's -75.01%.

Which ETF is better, QQQY or COIW?

On 1-year performance, QQQY leads with 21.87% vs -71.21% for COIW. Both ETFs have the same 0.99% expense ratio. On volatility, QQQY has been the lower-risk option at 7.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQY or COIW?

Over the 1-year period, QQQY has performed better with a 21.87% return vs -71.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQY or COIW?

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

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

COIW has the higher dividend yield at 227.24%, compared with 37.35% for QQQY.

What is the main difference between QQQY and COIW?

QQQY is categorized as Nasdaq-100, while COIW 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 (1.31 vs -0.87), 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.