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

Key characteristics


QQQYQQQM
YTD Return9.69%19.28%
1Y Return19.23%33.18%
Sharpe Ratio1.742.02
Sortino Ratio2.032.67
Omega Ratio1.311.36
Calmar Ratio1.992.57
Martin Ratio7.119.37
Ulcer Index2.82%3.71%
Daily Std Dev11.56%17.19%
Max Drawdown-10.07%-35.05%
Current Drawdown-2.87%-3.23%

Correlation

-0.50.00.51.00.9

The correlation between QQQY and QQQM 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. QQQM - Performance Comparison

In the year-to-date period, QQQY achieves a 9.69% return, which is significantly lower than QQQM's 19.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
7.92%
10.73%
QQQY
QQQM

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. QQQM - Expense Ratio Comparison

QQQY has a 0.99% expense ratio, which is higher than QQQM's 0.15% 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 QQQM: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

QQQY vs. QQQM - 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 NASDAQ 100 ETF (QQQM). 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.


QQQY
Sharpe ratio
The chart of Sharpe ratio for QQQY, currently valued at 1.74, compared to the broader market0.002.004.001.74
Sortino ratio
The chart of Sortino ratio for QQQY, currently valued at 2.03, compared to the broader market0.005.0010.002.03
Omega ratio
The chart of Omega ratio for QQQY, currently valued at 1.31, compared to the broader market1.001.502.002.503.003.501.31
Calmar ratio
The chart of Calmar ratio for QQQY, currently valued at 1.99, compared to the broader market0.005.0010.0015.0020.001.99
Martin ratio
The chart of Martin ratio for QQQY, currently valued at 7.11, compared to the broader market0.0020.0040.0060.0080.00100.00120.007.11
QQQM
Sharpe ratio
The chart of Sharpe ratio for QQQM, currently valued at 2.02, compared to the broader market0.002.004.002.02
Sortino ratio
The chart of Sortino ratio for QQQM, currently valued at 2.67, compared to the broader market0.005.0010.002.67
Omega ratio
The chart of Omega ratio for QQQM, currently valued at 1.36, compared to the broader market1.001.502.002.503.003.501.36
Calmar ratio
The chart of Calmar ratio for QQQM, currently valued at 2.57, compared to the broader market0.005.0010.0015.0020.002.57
Martin ratio
The chart of Martin ratio for QQQM, currently valued at 9.37, compared to the broader market0.0020.0040.0060.0080.00100.00120.009.37

QQQY vs. QQQM - Sharpe Ratio Comparison

The current QQQY Sharpe Ratio is 1.74, which is comparable to the QQQM Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of QQQY and QQQM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.401.601.802.002.202.402.60Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03
1.74
2.02
QQQY
QQQM

Dividends

QQQY vs. QQQM - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 84.29%, more than QQQM's 0.67% yield.


TTM2023202220212020
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
84.29%20.64%0.00%0.00%0.00%
QQQM
Invesco NASDAQ 100 ETF
0.67%0.65%0.83%0.40%0.16%

Drawdowns

QQQY vs. QQQM - Drawdown Comparison

The maximum QQQY drawdown since its inception was -10.07%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for QQQY and QQQM. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.87%
-3.23%
QQQY
QQQM

Volatility

QQQY vs. QQQM - Volatility Comparison

The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 3.59%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 4.46%. This indicates that QQQY experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.59%
4.46%
QQQY
QQQM