QQQY vs. QDTE
Compare and contrast key facts about Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).
QQQY and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQY is an actively managed fund by Defiance ETFs. It was launched on Sep 13, 2023. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQY or QDTE.
Correlation
The correlation between QQQY and QDTE is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQQY vs. QDTE - Performance Comparison
Key characteristics
QQQY:
-0.19
QDTE:
0.36
QQQY:
-0.12
QDTE:
0.59
QQQY:
0.98
QDTE:
1.09
QQQY:
-0.18
QDTE:
0.34
QQQY:
-0.57
QDTE:
1.26
QQQY:
5.88%
QDTE:
6.18%
QQQY:
17.62%
QDTE:
21.76%
QQQY:
-19.04%
QDTE:
-22.86%
QQQY:
-16.47%
QDTE:
-17.49%
Returns By Period
The year-to-date returns for both stocks are quite close, with QQQY having a -12.19% return and QDTE slightly lower at -12.55%.
QQQY
-12.19%
-10.38%
-13.46%
-4.56%
N/A
N/A
QDTE
-12.55%
-11.79%
-10.48%
5.91%
N/A
N/A
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QQQY vs. QDTE - Expense Ratio Comparison
QQQY has a 0.99% expense ratio, which is higher than QDTE's 0.95% expense ratio.
Risk-Adjusted Performance
QQQY vs. QDTE — Risk-Adjusted Performance Rank
QQQY
QDTE
QQQY vs. QDTE - Risk-Adjusted Performance 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 N-100 0DTE Covered Call Strategy ETF (QDTE). 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.
Dividends
QQQY vs. QDTE - Dividend Comparison
QQQY's dividend yield for the trailing twelve months is around 92.79%, more than QDTE's 49.26% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 92.79% | 83.34% | 20.64% |
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 49.26% | 32.10% | 0.00% |
Drawdowns
QQQY vs. QDTE - Drawdown Comparison
The maximum QQQY drawdown since its inception was -19.04%, smaller than the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for QQQY and QDTE. For additional features, visit the drawdowns tool.
Volatility
QQQY vs. QDTE - Volatility Comparison
The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 11.06%, while Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 13.09%. This indicates that QQQY experiences smaller price fluctuations and is considered to be less risky than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.