QQQY vs. PNNT
QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) is Nasdaq-100 fund actively managed by Defiance, while PNNT (PennantPark Investment Corporation) is a stock. Over the past year, QQQY returned 29.70% vs -33.82% for PNNT. At a 0.30 correlation, their price movements are largely independent.
Performance
QQQY vs. PNNT - Performance Comparison
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Returns By Period
In the year-to-date period, QQQY achieves a 15.43% return, which is significantly higher than PNNT's -29.84% return.
QQQY
- 1D
- 0.55%
- 1M
- 0.32%
- YTD
- 15.43%
- 6M
- 15.99%
- 1Y
- 29.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PNNT
- 1D
- 1.58%
- 1M
- -8.53%
- YTD
- -29.84%
- 6M
- -27.65%
- 1Y
- -33.82%
- 3Y*
- 0.38%
- 5Y*
- 0.83%
- 10Y*
- 7.07%
QQQY vs. PNNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 15.43% | 14.96% | 7.70% | 7.19% |
PNNT PennantPark Investment Corporation | -29.84% | -2.96% | 16.56% | 10.45% |
Correlation
The correlation between QQQY and PNNT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.30 |
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Return for Risk
QQQY vs. PNNT — Risk / Return Rank
QQQY
PNNT
QQQY vs. PNNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and PennantPark Investment Corporation (PNNT). 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 | PNNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.25 | ||
| Sortino ratioReturn per unit of downside risk | +4.23 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.78 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | -0.80 | +3.47 |
| Martin ratioReturn relative to average drawdown | 10.96 | -1.65 | +12.61 |
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Drawdowns
QQQY vs. PNNT - Drawdown Comparison
The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum PNNT drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for QQQY and PNNT.
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Drawdown Indicators
| QQQY | PNNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.05% | -82.16% | +63.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | -42.61% | +31.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.14% | — |
Current DrawdownCurrent decline from peak | -3.41% | -40.28% | +36.87% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -15.29% | +12.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 20.58% | -17.86% |
Volatility
QQQY vs. PNNT - Volatility Comparison
The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 7.00%, while PennantPark Investment Corporation (PNNT) has a volatility of 9.97%. This indicates that QQQY experiences smaller price fluctuations and is considered to be less risky than PNNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQY | PNNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 9.97% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 23.95% | -11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.92% | 27.06% | -12.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 23.79% | -8.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 32.76% | -17.64% |
Dividends
QQQY vs. PNNT - Dividend Comparison
QQQY's dividend yield for the trailing twelve months is around 35.39%, more than PNNT's 24.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | 24.94% | 16.11% | 12.85% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% |
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 PNNT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNNT has higher volatility (9.97%) compared to QQQY (7.00%). In terms of maximum drawdown, QQQY dropped -19.05% vs PNNT's -82.16%.
QQQY currently has the higher Sharpe Ratio (2.00 vs -1.25), 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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