QQQY vs. FTQI
QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both Nasdaq-100 funds. QQQY is actively managed, while FTQI is passively managed. Over the past year, QQQY returned 25.95% vs 25.06% for FTQI. Their correlation of 0.87 means they have usually moved in the same direction. QQQY charges 0.99%/yr vs 0.75%/yr for FTQI.
Performance
QQQY vs. FTQI - Performance Comparison
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Returns By Period
In the year-to-date period, QQQY achieves a 17.47% return, which is significantly higher than FTQI's 14.21% return.
QQQY
- 1D
- 3.25%
- 1M
- 1.46%
- 6M
- 17.52%
- YTD
- 17.47%
- 1Y
- 25.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.61%
FTQI
- 1D
- 1.69%
- 1M
- 2.21%
- 6M
- 12.75%
- YTD
- 14.21%
- 1Y
- 25.06%
- 3Y*
- 17.53%
- 5Y*
- 12.35%
- 10Y*
- 8.40%
- ALL TIME*
- 7.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.42M | $8.65M | $5.98M | |
| $2.03M | $2.15M | $2.90M |
QQQY vs. FTQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 17.47% | 14.96% | 7.70% | 7.19% |
FTQI First Trust Nasdaq BuyWrite Income ETF | 14.21% | 12.68% | 18.30% | 5.25% |
Correlation
The correlation between QQQY and FTQI is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.87 |
The correlation between QQQY and FTQI has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.
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Return for Risk
QQQY vs. FTQI — Risk / Return Rank
QQQY
FTQI
QQQY vs. FTQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and First Trust Nasdaq BuyWrite Income ETF (FTQI). 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 | FTQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.41 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 4.03 | -1.69 |
| Martin ratioReturn relative to average drawdown | 8.22 | 18.19 | -9.97 |
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Drawdowns
QQQY vs. FTQI - Drawdown Comparison
The maximum QQQY drawdown since its inception was -19.05%, roughly equal to the maximum FTQI drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for QQQY and FTQI.
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Drawdown Indicators
| QQQY | FTQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.05% | -19.42% | +0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -6.24% | -4.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.42% | — |
Current DrawdownCurrent decline from peak | -1.71% | 0.00% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -2.96% | -3.72% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 1.38% | +1.79% |
Volatility
QQQY vs. FTQI - Volatility Comparison
Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a higher volatility of 7.24% compared to First Trust Nasdaq BuyWrite Income ETF (FTQI) at 3.91%. This indicates that QQQY's price experiences larger fluctuations and is considered to be riskier than FTQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQY | FTQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 3.91% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 15.55% | 9.21% | +6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 11.32% | +6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 14.80% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.86% | 12.94% | +2.92% |
QQQY vs. FTQI - Expense Ratio Comparison
QQQY has a 0.99% expense ratio, which is higher than FTQI's 0.75% expense ratio.
Dividends
QQQY vs. FTQI - Dividend Comparison
QQQY's dividend yield for the trailing twelve months is around 35.76%, more than FTQI's 11.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | 11.01% | 11.46% | 11.66% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 3.27% | 2.74% | 3.02% | 3.54% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 35.76% | 45.34% | 83.34% | 20.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQY and FTQI have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQY has higher volatility (7.24%) compared to FTQI (3.91%). In terms of maximum drawdown, QQQY dropped -19.05% vs FTQI's -19.42%.
On 1-year performance, QQQY leads with 25.95% vs 25.06% for FTQI. On fees, FTQI is cheaper at 0.75% per year. On volatility, FTQI has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQY has performed better with a 25.95% return vs 25.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTQI is cheaper with a 0.75% expense ratio, compared with 0.99% for QQQY.
QQQY has the higher dividend yield at 35.76%, compared with 11.01% for FTQI.
They also come from different issuers: Defiance and First Trust. Their fees differ too: 0.99% for QQQY and 0.75% for FTQI.
FTQI currently has the higher Sharpe Ratio (2.24 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.
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