QQQY vs. DRLL

Last updated Aug 5, 2026

QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) and DRLL (Strive U.S. Energy ETF) are both exchange-traded funds - QQQY is a Nasdaq-100 fund actively managed by Defiance, while DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index. QQQY is actively managed, while DRLL is passively managed. Over the past year, QQQY returned 25.95% vs 41.89% for DRLL. Their 0.02 correlation means their historical movements had little consistent relationship. QQQY charges 0.99%/yr vs 0.41%/yr for DRLL.

Performance

QQQY vs. DRLL - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQY achieves a 17.47% return, which is significantly lower than DRLL's 33.53% return.

QQQY

• 1D: 3.25%
• 1M: 1.46%
• 6M: 17.52%
• YTD: 17.47%
• 1Y: 25.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.61%

DRLL

• 1D: -1.05%
• 1M: 11.55%
• 6M: 17.30%
• YTD: 33.53%
• 1Y: 41.89%
• 3Y*: 12.03%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRLL Strive U.S. Energy ETF	$455.44K	$502.20K	$532.52K
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	$2.03M	$2.15M	$2.90M

QQQY vs. DRLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	17.47%	14.96%	7.70%	7.19%
DRLL Strive U.S. Energy ETF	33.53%	7.74%	0.02%	-7.50%

Correlation

The correlation between QQQY and DRLL is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.21
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.02

The correlation between QQQY and DRLL shifts across timeframes, from -0.21 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QQQY vs. DRLL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQY

QQQY Risk / Return Rank: 56
QQQY Sharpe Ratio Rank: 53
QQQY Sortino Ratio Rank: 51
QQQY Omega Ratio Rank: 55
QQQY Calmar Ratio Rank: 59
QQQY Martin Ratio Rank: 62

DRLL

DRLL Risk / Return Rank: 61
DRLL Sharpe Ratio Rank: 70
DRLL Sortino Ratio Rank: 63
DRLL Omega Ratio Rank: 62
DRLL Calmar Ratio Rank: 62
DRLL Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQY vs. DRLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and Strive U.S. Energy ETF (DRLL). 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	DRLL	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.83	-0.36
Sortino ratio: Return per unit of downside risk	2.02	2.37	-0.35
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.34	2.48	-0.14
Martin ratio: Return relative to average drawdown	8.22	6.29	+1.93

QQQY vs. DRLL - Sharpe Ratio Comparison

The current QQQY Sharpe Ratio is 1.48, which is comparable to the DRLL Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of QQQY and DRLL, 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. DRLL - Drawdown Comparison

The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum DRLL drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for QQQY and DRLL.

Drawdown Indicators

	QQQY	DRLL	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-23.73%	+4.68%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-16.99%	+5.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.73%	—
Current Drawdown Current decline from peak	-1.71%	-6.51%	+4.80%
Average Drawdown Average peak-to-trough decline	-2.96%	-8.14%	+5.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	6.68%	-3.51%

Volatility

QQQY vs. DRLL - Volatility Comparison

Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and Strive U.S. Energy ETF (DRLL) have volatilities of 7.24% and 7.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQY	DRLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	7.12%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	15.55%	18.68%	-3.13%
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	22.97%	-5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.86%	23.79%	-7.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.86%	23.79%	-7.93%

QQQY vs. DRLL - Expense Ratio Comparison

QQQY has a 0.99% expense ratio, which is higher than DRLL's 0.41% expense ratio.

Dividends

QQQY vs. DRLL - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 35.76%, more than DRLL's 2.27% yield.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.27%	2.99%	3.00%	3.01%	1.18%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.76%	45.34%	83.34%	20.64%	0.00%

Frequently Asked Questions

Can I hold both QQQY and DRLL in my portfolio?

QQQY and DRLL have a correlation of -0.21, 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 DRLL?

QQQY has higher volatility (7.24%) compared to DRLL (7.12%). In terms of maximum drawdown, QQQY dropped -19.05% vs DRLL's -23.73%.

Which ETF is better, QQQY or DRLL?

On 1-year performance, DRLL leads with 41.89% vs 25.95% for QQQY. On fees, DRLL is cheaper at 0.41% per year. On volatility, DRLL has been the lower-risk option at 7.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQY or DRLL?

Over the 1-year period, DRLL has performed better with a 41.89% return vs 25.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQY or DRLL?

DRLL is cheaper with a 0.41% expense ratio, compared with 0.99% for QQQY.

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

QQQY has the higher dividend yield at 35.76%, compared with 2.27% for DRLL.

What is the main difference between QQQY and DRLL?

QQQY is categorized as Nasdaq-100, while DRLL is Energy Equities. They also come from different issuers: Defiance and Strive. Their fees differ too: 0.99% for QQQY and 0.41% for DRLL.

Which has better risk-adjusted returns?

DRLL currently has the higher Sharpe Ratio (1.83 vs 1.48), 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.