QQQY vs. QDTY

Last updated Jun 26, 2026

QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) and QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) are both Nasdaq-100 funds. Both are actively managed. Over the past year, QQQY returned 28.38% vs 30.32% for QDTY. Their correlation of 0.87 suggests significant overlap in exposure. QQQY charges 0.99%/yr vs 1.01%/yr for QDTY.

Performance

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

Returns By Period

In the year-to-date period, QQQY achieves a 15.16% return, which is significantly higher than QDTY's 12.19% return.

QQQY

• 1D: 0.76%
• 1M: -1.73%
• YTD: 15.16%
• 6M: 13.85%
• 1Y: 28.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTY

• 1D: 0.73%
• 1M: -1.15%
• YTD: 12.19%
• 6M: 10.66%
• 1Y: 30.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQY vs. QDTY - Yearly Performance Comparison

	2026 (YTD)	2025
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	15.16%	12.58%
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	12.19%	12.21%

Correlation

The correlation between QQQY and QDTY is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.87

The correlation between QQQY and QDTY has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

Return for Risk

QQQY vs. QDTY — Risk / Return Rank

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

QQQY

QQQY Risk / Return Rank: 62
QQQY Sharpe Ratio Rank: 64
QQQY Sortino Ratio Rank: 56
QQQY Omega Ratio Rank: 66
QQQY Calmar Ratio Rank: 60
QQQY Martin Ratio Rank: 65

QDTY

QDTY Risk / Return Rank: 61
QDTY Sharpe Ratio Rank: 63
QDTY Sortino Ratio Rank: 56
QDTY Omega Ratio Rank: 60
QDTY Calmar Ratio Rank: 64
QDTY Martin Ratio Rank: 62

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. QDTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY). 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	QDTY	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.79	+0.01
Sortino ratio: Return per unit of downside risk	2.32	2.36	-0.04
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	2.56	2.74	-0.19
Martin ratio: Return relative to average drawdown	10.30	9.61	+0.69

QQQY vs. QDTY - Sharpe Ratio Comparison

The current QQQY Sharpe Ratio is 1.81, which is comparable to the QDTY Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of QQQY and QDTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQY vs. QDTY - Drawdown Comparison

The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum QDTY drawdown of -23.45%. Use the drawdown chart below to compare losses from any high point for QQQY and QDTY.

Drawdown Indicators

	QQQY	QDTY	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-23.45%	+4.40%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-11.10%	-0.04%
Current Drawdown Current decline from peak	-3.63%	-3.59%	-0.04%
Average Drawdown Average peak-to-trough decline	-2.91%	-4.42%	+1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	3.16%	-0.40%

Volatility

QQQY vs. QDTY - Volatility Comparison

Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) have volatilities of 8.38% and 8.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQY	QDTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.38%	8.30%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	13.62%	13.78%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	15.78%	16.98%	-1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	26.18%	-10.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.38%	26.18%	-10.80%

QQQY vs. QDTY - Expense Ratio Comparison

QQQY has a 0.99% expense ratio, which is lower than QDTY's 1.01% expense ratio.

Dividends

QQQY vs. QDTY - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 36.24%, more than QDTY's 32.48% yield.

Position	TTM	2025	2024	2023
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	32.48%	26.82%	0.00%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	36.24%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both QQQY and QDTY in my portfolio?

QQQY and QDTY have a correlation of 0.88, 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 QDTY?

QQQY has higher volatility (8.38%) compared to QDTY (8.30%). In terms of maximum drawdown, QQQY dropped -19.05% vs QDTY's -23.45%.

Which ETF is better, QQQY or QDTY?

On 1-year performance, QDTY leads with 30.32% vs 28.38% for QQQY. On fees, QQQY is cheaper at 0.99% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQY or QDTY?

Over the 1-year period, QDTY has performed better with a 30.32% return vs 28.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQY or QDTY?

QQQY is cheaper with a 0.99% expense ratio, compared with 1.01% for QDTY.

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

QQQY has the higher dividend yield at 36.24%, compared with 32.48% for QDTY.

What is the main difference between QQQY and QDTY?

They also come from different issuers: Defiance and YieldMax. Their fees differ too: 0.99% for QQQY and 1.01% for QDTY.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (1.81 vs 1.79), 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.