QQQY vs. GLDY

Last updated Apr 3, 2026

Compare and contrast key facts about Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and Defiance Gold Enhanced Options Income ETF (GLDY).

QQQY and GLDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQY is an actively managed fund by Defiance. It was launched on Sep 13, 2023. GLDY is an actively managed fund by Defiance. It was launched on Apr 1, 2025.

Performance

QQQY vs. GLDY - Performance Comparison

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

QQQY vs. GLDY - Yearly Performance Comparison

	2026 (YTD)	2025
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	-4.70%	19.81%
GLDY Defiance Gold Enhanced Options Income ETF	1.82%	15.40%

Returns By Period

In the year-to-date period, QQQY achieves a -4.70% return, which is significantly lower than GLDY's 1.82% return.

QQQY

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

GLDY

• 1D: -1.42%
• 1M: -5.50%
• YTD: 1.82%
• 6M: 7.12%
• 1Y: 17.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQY vs. GLDY - Expense Ratio Comparison

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

QQQY

Defiance Nasdaq 100 Enhanced Options Income ETF

GLDY

Defiance Gold Enhanced Options Income ETF

Return for Risk

QQQY vs. GLDY — 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

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. GLDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and Defiance Gold Enhanced Options Income ETF (GLDY). 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	GLDY	Difference
Sharpe ratio Return per unit of total volatility	0.87	—	—
Sortino ratio Return per unit of downside risk	1.11	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.33	—	—
Martin ratio Return relative to average drawdown	4.39	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QQQY	GLDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.88	-0.22

Correlation

The correlation between QQQY and GLDY is 0.03, 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.

Dividends

QQQY vs. GLDY - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 45.72%, less than GLDY's 48.82% yield.

	TTM	2025	2024	2023
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	45.72%	45.34%	83.34%	20.64%
GLDY Defiance Gold Enhanced Options Income ETF	48.82%	37.38%	0.00%	0.00%

Drawdowns

QQQY vs. GLDY - Drawdown Comparison

The maximum QQQY drawdown since its inception was -19.05%, which is greater than GLDY's maximum drawdown of -13.43%. Use the drawdown chart below to compare losses from any high point for QQQY and GLDY.

Drawdown Indicators

	QQQY	GLDY	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-13.43%	-5.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-13.43%	+2.29%
Current Drawdown Current decline from peak	-6.94%	-9.46%	+2.52%
Average Drawdown Average peak-to-trough decline	-3.04%	-2.87%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	—	—

Volatility

Volatility by Period

	QQQY	GLDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.41%	20.02%	-3.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	20.02%	-5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.67%	20.02%	-5.35%