QQQY vs. QQQ
Compare and contrast key facts about Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and Invesco QQQ (QQQ).
QQQY and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQY or QQQ.
Key characteristics
| QQQY | QQQ | |
|---|---|---|
| YTD Return | 9.69% | 19.19% |
| 1Y Return | 19.23% | 33.08% |
| Sharpe Ratio | 1.74 | 2.01 |
| Sortino Ratio | 2.03 | 2.66 |
| Omega Ratio | 1.31 | 1.36 |
| Calmar Ratio | 1.99 | 2.56 |
| Martin Ratio | 7.11 | 9.32 |
| Ulcer Index | 2.82% | 3.72% |
| Daily Std Dev | 11.56% | 17.23% |
| Max Drawdown | -10.07% | -82.98% |
| Current Drawdown | -2.87% | -3.23% |
Correlation
The correlation between QQQY and QQQ 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.
Performance
QQQY vs. QQQ - Performance Comparison
In the year-to-date period, QQQY achieves a 9.69% return, which is significantly lower than QQQ's 19.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QQQY vs. QQQ - Expense Ratio Comparison
QQQY has a 0.99% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QQQY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
QQQY's dividend yield for the trailing twelve months is around 84.29%, more than QQQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 84.29% | 20.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
QQQY vs. QQQ - Drawdown Comparison
The maximum QQQY drawdown since its inception was -10.07%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQQY and QQQ. For additional features, visit the drawdowns tool.
Volatility
QQQY vs. QQQ - Volatility Comparison
The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 3.59%, while Invesco QQQ (QQQ) has a volatility of 4.47%. This indicates that QQQY experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.