QQQY vs. IIPR
QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) is Nasdaq-100 fund actively managed by Defiance, while IIPR (Innovative Industrial Properties, Inc.) is a stock. Over the past year, QQQY returned 30.60% vs 23.77% for IIPR. At a 0.28 correlation, their price movements are largely independent.
Performance
QQQY vs. IIPR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QQQY achieves a 14.65% return, which is significantly lower than IIPR's 29.84% return.
QQQY
- 1D
- 1.28%
- 1M
- -0.02%
- YTD
- 14.65%
- 6M
- 14.20%
- 1Y
- 30.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IIPR
- 1D
- 1.08%
- 1M
- 3.32%
- YTD
- 29.84%
- 6M
- 28.01%
- 1Y
- 23.77%
- 3Y*
- 4.89%
- 5Y*
- -13.70%
- 10Y*
- —
QQQY vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 14.65% | 14.96% | 7.70% | 7.19% |
IIPR Innovative Industrial Properties, Inc. | 29.84% | -18.40% | -28.55% | 22.49% |
Correlation
The correlation between QQQY and IIPR is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.28 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QQQY vs. IIPR — Risk / Return Rank
QQQY
IIPR
QQQY vs. IIPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and Innovative Industrial Properties, Inc. (IIPR). 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 | IIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.15 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.12 | +1.64 |
| Martin ratioReturn relative to average drawdown | 11.59 | 2.73 | +8.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| QQQY | IIPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 0.58 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.40 | +0.71 |
Drawdowns
QQQY vs. IIPR - Drawdown Comparison
The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum IIPR drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for QQQY and IIPR.
Loading charts...
Drawdown Indicators
| QQQY | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.05% | -78.42% | +59.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -21.29% | +10.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -62.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.42% | — |
Current DrawdownCurrent decline from peak | -4.06% | -68.82% | +64.76% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -37.04% | +34.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 8.72% | -6.07% |
Volatility
QQQY vs. IIPR - Volatility Comparison
Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a higher volatility of 6.53% compared to Innovative Industrial Properties, Inc. (IIPR) at 5.83%. This indicates that QQQY's price experiences larger fluctuations and is considered to be riskier than IIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QQQY | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 5.83% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.41% | 29.58% | -17.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 40.99% | -26.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 41.59% | -26.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 48.41% | -33.38% |
Dividends
QQQY vs. IIPR - Dividend Comparison
QQQY's dividend yield for the trailing twelve months is around 35.66%, more than IIPR's 12.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 12.84% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 35.66% | 45.34% | 83.34% | 20.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQY and IIPR have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQY has higher volatility (6.53%) compared to IIPR (5.83%). In terms of maximum drawdown, QQQY dropped -19.05% vs IIPR's -78.42%.
QQQY currently has the higher Sharpe Ratio (2.12 vs 0.58), 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.
Find the right allocation for QQQY and IIPR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer