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

Performance

QQQY vs. QDTE - 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 N-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
5.45%
14.53%
QQQY
QDTE

Returns By Period


QQQY

YTD

11.13%

1M

-0.53%

6M

5.59%

1Y

17.35%

5Y (annualized)

N/A

10Y (annualized)

N/A

QDTE

YTD

N/A

1M

1.65%

6M

14.44%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


QQQYQDTE
Daily Std Dev11.84%17.13%
Max Drawdown-10.07%-10.74%
Current Drawdown-1.84%-2.16%

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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.


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 QDTE: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.9

The correlation between QQQY and QDTE is 0.92, 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.

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for QQQY, currently valued at 1.43, compared to the broader market0.002.004.001.43
The chart of Sortino ratio for QQQY, currently valued at 1.70, compared to the broader market-2.000.002.004.006.008.0010.0012.001.70
The chart of Omega ratio for QQQY, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.001.26
The chart of Calmar ratio for QQQY, currently valued at 1.68, compared to the broader market0.005.0010.0015.001.68
The chart of Martin ratio for QQQY, currently valued at 5.98, compared to the broader market0.0020.0040.0060.0080.00100.005.98
QQQY
QDTE

Chart placeholderNot enough data

Dividends

QQQY vs. QDTE - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 86.53%, more than QDTE's 24.24% yield.


TTM2023
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
86.53%20.64%
QDTE
Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF
24.24%0.00%

Drawdowns

QQQY vs. QDTE - Drawdown Comparison

The maximum QQQY drawdown since its inception was -10.07%, smaller than the maximum QDTE drawdown of -10.74%. Use the drawdown chart below to compare losses from any high point for QQQY and QDTE. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.84%
-2.16%
QQQY
QDTE

Volatility

QQQY vs. QDTE - Volatility Comparison

The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 4.32%, while Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 5.26%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.32%
5.26%
QQQY
QDTE