QQQY vs. NVDW

Last updated Jun 9, 2026

QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) and NVDW (Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF) are both exchange-traded funds - QQQY is a Nasdaq-100 fund actively managed by Defiance, while NVDW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, QQQY returned 30.60% vs 51.10% for NVDW. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

QQQY vs. NVDW - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQY achieves a 14.65% return, which is significantly higher than NVDW's 12.02% return.

QQQY

• 1D: 1.28%
• 1M: -0.02%
• YTD: 14.65%
• 6M: 14.20%
• 1Y: 30.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDW

• 1D: 1.74%
• 1M: -3.62%
• YTD: 12.02%
• 6M: 12.57%
• 1Y: 51.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQY vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	14.65%	15.29%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	12.02%	40.00%

Correlation

The correlation between QQQY and NVDW is 0.58, 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	0.58
Correlation (All Time) Calculated using the full available price history since Jun 3, 2025	0.59

The correlation between QQQY and NVDW has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.

Return for Risk

QQQY vs. NVDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQY

QQQY Risk / Return Rank: 68
QQQY Sharpe Ratio Rank: 72
QQQY Sortino Ratio Rank: 63
QQQY Omega Ratio Rank: 75
QQQY Calmar Ratio Rank: 61
QQQY Martin Ratio Rank: 69

NVDW

NVDW Risk / Return Rank: 38
NVDW Sharpe Ratio Rank: 38
NVDW Sortino Ratio Rank: 39
NVDW Omega Ratio Rank: 36
NVDW Calmar Ratio Rank: 45
NVDW Martin Ratio Rank: 34

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. NVDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW). 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	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.23	+0.88
Sortino ratio: Return per unit of downside risk	2.62	1.81	+0.82
Omega ratio: Gain probability vs. loss probability	1.40	1.22	+0.18
Calmar ratio: Return relative to maximum drawdown	2.76	2.01	+0.75
Martin ratio: Return relative to average drawdown	11.59	4.84	+6.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQY vs. NVDW - Sharpe Ratio Comparison

The current QQQY Sharpe Ratio is 2.12, which is higher than the NVDW Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of QQQY and NVDW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQY	NVDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	1.23	+0.88
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	1.35	-0.23

Drawdowns

QQQY vs. NVDW - Drawdown Comparison

The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum NVDW drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for QQQY and NVDW.

Drawdown Indicators

	QQQY	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-25.54%	+6.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-25.54%	+14.40%
Current Drawdown Current decline from peak	-4.06%	-13.69%	+9.63%
Average Drawdown Average peak-to-trough decline	-2.91%	-8.24%	+5.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	10.59%	-7.94%

Volatility

QQQY vs. NVDW - Volatility Comparison

The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 6.53%, while Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) has a volatility of 15.23%. This indicates that QQQY experiences smaller price fluctuations and is considered to be less risky than NVDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQY	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.53%	15.23%	-8.70%
Volatility (6M) Calculated over the trailing 6-month period	12.41%	31.58%	-19.17%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	41.74%	-27.19%
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%	41.59%	-26.56%

QQQY vs. NVDW - Expense Ratio Comparison

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

Dividends

QQQY vs. NVDW - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 35.66%, less than NVDW's 61.31% yield.

Position	TTM	2025	2024	2023
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	61.31%	38.94%	0.00%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.66%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both QQQY and NVDW in my portfolio?

QQQY and NVDW have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQY or NVDW?

NVDW has higher volatility (15.23%) compared to QQQY (6.53%). In terms of maximum drawdown, QQQY dropped -19.05% vs NVDW's -25.54%.

Which ETF is better, QQQY or NVDW?

On 1-year performance, NVDW leads with 51.10% vs 30.60% for QQQY. Both ETFs have the same 0.99% expense ratio. On volatility, QQQY has been the lower-risk option at 6.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQY or NVDW?

Over the 1-year period, NVDW has performed better with a 51.10% return vs 30.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQY or NVDW?

QQQY and NVDW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, QQQY or NVDW?

NVDW has the higher dividend yield at 61.31%, compared with 35.66% for QQQY.

What is the main difference between QQQY and NVDW?

QQQY is categorized as Nasdaq-100, while NVDW is Derivative Income. They also come from different issuers: Defiance and Roundhill.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (2.12 vs 1.23), 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.