QQQY vs. SVOL

Last updated Jun 13, 2026

QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - QQQY is a Nasdaq-100 fund actively managed by Defiance, while SVOL is a Volatility fund actively managed by Simplify. Both are actively managed. Over the past year, QQQY returned 30.96% vs 14.90% for SVOL. A 0.69 correlation means they provide meaningful diversification when combined. QQQY charges 0.99%/yr vs 0.50%/yr for SVOL.

Performance

QQQY vs. SVOL - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQY achieves a 15.43% return, which is significantly higher than SVOL's -0.84% return.

QQQY

• 1D: 0.55%
• 1M: -0.36%
• YTD: 15.43%
• 6M: 15.99%
• 1Y: 30.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SVOL

• 1D: 1.14%
• 1M: 1.70%
• YTD: -0.84%
• 6M: 0.96%
• 1Y: 14.90%
• 3Y*: 5.92%
• 5Y*: 6.22%
• 10Y*: —

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

QQQY vs. SVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	15.43%	14.96%	7.70%	7.19%
SVOL Simplify Volatility Premium ETF	-0.84%	2.41%	6.77%	4.06%

Correlation

The correlation between QQQY and SVOL is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.69

The correlation between QQQY and SVOL has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

Return for Risk

QQQY vs. SVOL — Risk / Return Rank

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

QQQY

QQQY Risk / Return Rank: 68
QQQY Sharpe Ratio Rank: 71
QQQY Sortino Ratio Rank: 63
QQQY Omega Ratio Rank: 74
QQQY Calmar Ratio Rank: 61
QQQY Martin Ratio Rank: 69

SVOL

SVOL Risk / Return Rank: 19
SVOL Sharpe Ratio Rank: 18
SVOL Sortino Ratio Rank: 18
SVOL Omega Ratio Rank: 19
SVOL Calmar Ratio Rank: 20
SVOL Martin Ratio Rank: 19

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. SVOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and Simplify Volatility Premium ETF (SVOL). 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	SVOL	Difference
Sharpe ratio: Return per unit of total volatility	2.00	0.50	+1.50
Sortino ratio: Return per unit of downside risk	2.52	0.83	+1.69
Omega ratio: Gain probability vs. loss probability	1.38	1.11	+0.26
Calmar ratio: Return relative to maximum drawdown	2.68	0.80	+1.88
Martin ratio: Return relative to average drawdown	10.96	1.90	+9.06

QQQY vs. SVOL - Sharpe Ratio Comparison

The current QQQY Sharpe Ratio is 2.00, which is higher than the SVOL Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of QQQY and SVOL, 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. SVOL - Drawdown Comparison

The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for QQQY and SVOL.

Drawdown Indicators

	QQQY	SVOL	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-33.50%	+14.45%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-13.01%	+1.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.50%	—
Current Drawdown Current decline from peak	-3.41%	-3.40%	-0.01%
Average Drawdown Average peak-to-trough decline	-2.92%	-4.76%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	5.50%	-2.78%

Volatility

QQQY vs. SVOL - Volatility Comparison

Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a higher volatility of 7.00% compared to Simplify Volatility Premium ETF (SVOL) at 3.48%. This indicates that QQQY's price experiences larger fluctuations and is considered to be riskier than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQY	SVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.00%	3.48%	+3.52%
Volatility (6M) Calculated over the trailing 6-month period	12.87%	9.95%	+2.92%
Volatility (1Y) Calculated over the trailing 1-year period	14.92%	20.81%	-5.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.12%	22.01%	-6.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.12%	21.90%	-6.78%

QQQY vs. SVOL - Expense Ratio Comparison

QQQY has a 0.99% expense ratio, which is higher than SVOL's 0.50% expense ratio.

Dividends

QQQY vs. SVOL - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 35.39%, more than SVOL's 22.19% yield.

Position	TTM	2025	2024	2023	2022	2021
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.39%	45.34%	83.34%	20.64%	0.00%	0.00%
SVOL Simplify Volatility Premium ETF	22.19%	19.82%	16.79%	16.36%	18.32%	4.65%

Frequently Asked Questions

Can I hold both QQQY and SVOL in my portfolio?

QQQY and SVOL have a correlation of 0.63, 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 SVOL?

QQQY has higher volatility (7.00%) compared to SVOL (3.48%). In terms of maximum drawdown, QQQY dropped -19.05% vs SVOL's -33.50%.

Which ETF is better, QQQY or SVOL?

On 1-year performance, QQQY leads with 30.96% vs 14.90% for SVOL. On fees, SVOL is cheaper at 0.50% per year. On volatility, SVOL has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQY or SVOL?

Over the 1-year period, QQQY has performed better with a 30.96% return vs 14.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQY or SVOL?

SVOL is cheaper with a 0.50% expense ratio, compared with 0.99% for QQQY.

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

QQQY has the higher dividend yield at 35.39%, compared with 22.19% for SVOL.

What is the main difference between QQQY and SVOL?

QQQY is categorized as Nasdaq-100, while SVOL is Volatility. They also come from different issuers: Defiance and Simplify. Their fees differ too: 0.99% for QQQY and 0.50% for SVOL.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (2.00 vs 0.50), 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.