PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
QQQY vs. QQQI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

QQQY vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and NEOS Nasdaq 100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.28%
9.78%
QQQY
QQQI

Returns By Period


QQQY

YTD

10.66%

1M

-0.54%

6M

5.56%

1Y

17.05%

5Y (annualized)

N/A

10Y (annualized)

N/A

QQQI

YTD

N/A

1M

1.57%

6M

9.96%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


QQQYQQQI
Daily Std Dev11.86%14.58%
Max Drawdown-10.07%-10.67%
Current Drawdown-2.25%-1.36%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


QQQY vs. QQQI - Expense Ratio Comparison

QQQY has a 0.99% expense ratio, which is higher than QQQI's 0.68% 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 QQQI: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%

Correlation

-0.50.00.51.00.9

The correlation between QQQY and QQQI 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. QQQI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and NEOS Nasdaq 100 High Income ETF (QQQI). 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 1.46, compared to the broader market0.002.004.001.46
The chart of Sortino ratio for QQQY, currently valued at 1.73, compared to the broader market-2.000.002.004.006.008.0010.001.73
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 1.72, compared to the broader market0.005.0010.0015.001.72
The chart of Martin ratio for QQQY, currently valued at 6.11, compared to the broader market0.0020.0040.0060.0080.00100.006.11
QQQY
QQQI

Chart placeholderNot enough data

Dividends

QQQY vs. QQQI - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 86.90%, more than QQQI's 10.52% yield.


TTM2023
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
86.90%20.64%
QQQI
NEOS Nasdaq 100 High Income ETF
10.52%0.00%

Drawdowns

QQQY vs. QQQI - Drawdown Comparison

The maximum QQQY drawdown since its inception was -10.07%, smaller than the maximum QQQI drawdown of -10.67%. Use the drawdown chart below to compare losses from any high point for QQQY and QQQI. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.25%
-1.36%
QQQY
QQQI

Volatility

QQQY vs. QQQI - Volatility Comparison

Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a higher volatility of 4.33% compared to NEOS Nasdaq 100 High Income ETF (QQQI) at 3.86%. This indicates that QQQY's price experiences larger fluctuations and is considered to be riskier than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.33%
3.86%
QQQY
QQQI