QQQY vs. MSTR
QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) is Nasdaq-100 fund actively managed by Defiance, while MSTR (Strategy Inc) is a stock. Over the past year, QQQY returned 34.98% vs -65.75% for MSTR. At a 0.42 correlation, their price movements are largely independent.
Performance
QQQY vs. MSTR - Performance Comparison
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Returns By Period
In the year-to-date period, QQQY achieves a 18.97% return, which is significantly higher than MSTR's -13.70% return.
QQQY
- 1D
- 3.07%
- 1M
- 4.23%
- YTD
- 18.97%
- 6M
- 19.80%
- 1Y
- 34.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTR
- 1D
- 5.78%
- 1M
- -26.08%
- YTD
- -13.70%
- 6M
- -19.09%
- 1Y
- -65.75%
- 3Y*
- 64.73%
- 5Y*
- 16.17%
- 10Y*
- 22.02%
QQQY vs. MSTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 18.97% | 14.96% | 7.70% | 7.19% |
MSTR Strategy Inc | -13.70% | -47.53% | 358.54% | 84.77% |
Correlation
The correlation between QQQY and MSTR is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.42 |
The correlation between QQQY and MSTR has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
QQQY vs. MSTR — Risk / Return Rank
QQQY
MSTR
QQQY vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.24 | ||
| Sortino ratioReturn per unit of downside risk | +4.52 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.83 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | -0.86 | +4.01 |
| Martin ratioReturn relative to average drawdown | 12.91 | -1.24 | +14.14 |
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Drawdowns
QQQY vs. MSTR - Drawdown Comparison
The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for QQQY and MSTR.
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Drawdown Indicators
| QQQY | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.05% | -99.86% | +80.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -76.53% | +65.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -77.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -0.45% | -72.32% | +71.87% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -86.45% | +83.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 53.20% | -50.48% |
Volatility
QQQY vs. MSTR - Volatility Comparison
The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 7.60%, while Strategy Inc (MSTR) has a volatility of 21.84%. This indicates that QQQY experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQY | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.60% | 21.84% | -14.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 57.65% | -44.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 71.53% | -56.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 90.56% | -75.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 73.85% | -58.63% |
Dividends
QQQY vs. MSTR - Dividend Comparison
QQQY's dividend yield for the trailing twelve months is around 34.34%, while MSTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MSTR Strategy Inc | 0.00% | 0.00% | 0.00% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 34.34% | 45.34% | 83.34% | 20.64% |
Frequently Asked Questions
QQQY and MSTR have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.84%) compared to QQQY (7.60%). In terms of maximum drawdown, QQQY dropped -19.05% vs MSTR's -99.86%.
QQQY currently has the higher Sharpe Ratio (2.32 vs -0.92), 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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