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QQQY vs. NVDY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

QQQY vs. NVDY - Performance Comparison

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

0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
5.79%
38.36%
QQQY
NVDY

Returns By Period

In the year-to-date period, QQQY achieves a 11.20% return, which is significantly lower than NVDY's 127.07% return.


QQQY

YTD

11.20%

1M

-0.06%

6M

5.79%

1Y

17.04%

5Y (annualized)

N/A

10Y (annualized)

N/A

NVDY

YTD

127.07%

1M

5.38%

6M

38.36%

1Y

136.19%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


QQQYNVDY
Sharpe Ratio1.493.30
Sortino Ratio1.763.63
Omega Ratio1.261.52
Calmar Ratio1.756.58
Martin Ratio6.2121.87
Ulcer Index2.83%6.37%
Daily Std Dev11.85%42.31%
Max Drawdown-10.07%-21.19%
Current Drawdown-1.78%-0.31%

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QQQY vs. NVDY - Expense Ratio Comparison

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


QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
Expense ratio chart for QQQY: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for NVDY: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

Correlation

-0.50.00.51.00.6

The correlation between QQQY and NVDY is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

QQQY vs. NVDY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and YieldMax NVDA Option Income Strategy ETF (NVDY). 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.


Sharpe ratio
The chart of Sharpe ratio for QQQY, currently valued at 1.49, compared to the broader market0.002.004.006.001.493.30
The chart of Sortino ratio for QQQY, currently valued at 1.76, compared to the broader market-2.000.002.004.006.008.0010.0012.001.763.63
The chart of Omega ratio for QQQY, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.001.261.52
The chart of Calmar ratio for QQQY, currently valued at 1.75, compared to the broader market0.005.0010.0015.001.756.58
The chart of Martin ratio for QQQY, currently valued at 6.21, compared to the broader market0.0020.0040.0060.0080.00100.00120.006.2121.87
QQQY
NVDY

The current QQQY Sharpe Ratio is 1.49, which is lower than the NVDY Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of QQQY and NVDY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17
1.49
3.30
QQQY
NVDY

Dividends

QQQY vs. NVDY - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 86.48%, more than NVDY's 72.72% yield.


TTM2023
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
86.48%20.64%
NVDY
YieldMax NVDA Option Income Strategy ETF
72.72%22.32%

Drawdowns

QQQY vs. NVDY - Drawdown Comparison

The maximum QQQY drawdown since its inception was -10.07%, smaller than the maximum NVDY drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for QQQY and NVDY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.78%
-0.31%
QQQY
NVDY

Volatility

QQQY vs. NVDY - Volatility Comparison

The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 4.33%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 8.41%. This indicates that QQQY experiences smaller price fluctuations and is considered to be less risky than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
4.33%
8.41%
QQQY
NVDY