QQQY vs. KO
QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) is Nasdaq-100 fund actively managed by Defiance, while KO (The Coca-Cola Company) is a stock. Over the past year, QQQY returned 29.70% vs 17.68% for KO. At a correlation of -0.08, they often move in opposite directions.
Performance
QQQY vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, QQQY achieves a 15.43% return, which is significantly lower than KO's 18.99% return.
QQQY
- 1D
- 0.55%
- 1M
- 0.32%
- YTD
- 15.43%
- 6M
- 15.99%
- 1Y
- 29.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KO
- 1D
- 0.11%
- 1M
- 2.94%
- YTD
- 18.99%
- 6M
- 17.96%
- 1Y
- 17.68%
- 3Y*
- 14.33%
- 5Y*
- 11.29%
- 10Y*
- 9.55%
QQQY vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 15.43% | 14.96% | 7.70% | 7.19% |
KO The Coca-Cola Company | 18.99% | 15.60% | 8.88% | 2.45% |
Correlation
The correlation between QQQY and KO is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | -0.08 |
The correlation between QQQY and KO shifts across timeframes, from -0.19 (1 year) to -0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QQQY vs. KO — Risk / Return Rank
QQQY
KO
QQQY vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and The Coca-Cola Company (KO). 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 | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.19 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.26 | +0.42 |
| Martin ratioReturn relative to average drawdown | 10.96 | 4.51 | +6.45 |
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Drawdowns
QQQY vs. KO - Drawdown Comparison
The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for QQQY and KO.
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Drawdown Indicators
| QQQY | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.05% | -68.23% | +49.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -7.87% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.99% | — |
Current DrawdownCurrent decline from peak | -3.41% | -1.16% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -16.09% | +13.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 3.98% | -1.26% |
Volatility
QQQY vs. KO - Volatility Comparison
Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and The Coca-Cola Company (KO) have volatilities of 7.00% and 6.70%, 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.
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Volatility by Period
| QQQY | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 6.70% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 12.87% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.92% | 16.73% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 16.18% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 18.24% | -3.12% |
Dividends
QQQY vs. KO - Dividend Comparison
QQQY's dividend yield for the trailing twelve months is around 35.39%, more than KO's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 2.49% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 35.39% | 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 KO have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQY has higher volatility (7.00%) compared to KO (6.70%). In terms of maximum drawdown, QQQY dropped -19.05% vs KO's -68.23%.
QQQY currently has the higher Sharpe Ratio (2.00 vs 1.06), 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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