QQQY vs. T

Last updated Jun 9, 2026

QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) is Nasdaq-100 fund actively managed by Defiance, while T (AT&T Inc.) is a stock. Over the past year, QQQY returned 30.60% vs -16.38% for T. At a correlation of -0.10, they often move in opposite directions.

Performance

QQQY vs. T - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQY achieves a 14.65% return, which is significantly higher than T's -7.40% return.

QQQY

• 1D: 1.28%
• 1M: -0.02%
• YTD: 14.65%
• 6M: 14.20%
• 1Y: 30.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

T

• 1D: -1.10%
• 1M: -10.57%
• YTD: -7.40%
• 6M: -7.40%
• 1Y: -16.38%
• 3Y*: 18.39%
• 5Y*: 6.60%
• 10Y*: 2.86%

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

QQQY vs. T - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	14.65%	14.96%	7.70%	7.19%
T AT&T Inc.	-7.40%	13.97%	44.08%	16.96%

Correlation

The correlation between QQQY and T is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.22
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	-0.10

The correlation between QQQY and T shifts across timeframes, from -0.22 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QQQY vs. T — 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: 72
QQQY Sortino Ratio Rank: 63
QQQY Omega Ratio Rank: 75
QQQY Calmar Ratio Rank: 61
QQQY Martin Ratio Rank: 69

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

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. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and AT&T Inc. (T). 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	T	Difference
Sharpe ratio: Return per unit of total volatility	2.12	-0.75	+2.87
Sortino ratio: Return per unit of downside risk	2.62	-0.98	+3.60
Omega ratio: Gain probability vs. loss probability	1.40	0.89	+0.51
Calmar ratio: Return relative to maximum drawdown	2.76	-0.75	+3.51
Martin ratio: Return relative to average drawdown	11.59	-1.59	+13.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQY vs. T - Sharpe Ratio Comparison

The current QQQY Sharpe Ratio is 2.12, which is higher than the T Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of QQQY and T, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQY	T	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	-0.75	+2.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.38	+0.74

Drawdowns

QQQY vs. T - Drawdown Comparison

The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum T drawdown of -64.15%. Use the drawdown chart below to compare losses from any high point for QQQY and T.

Drawdown Indicators

	QQQY	T	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-64.15%	+45.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-21.87%	+10.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.35%	—
Current Drawdown Current decline from peak	-4.06%	-21.87%	+17.81%
Average Drawdown Average peak-to-trough decline	-2.91%	-15.72%	+12.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	10.34%	-7.69%

Volatility

QQQY vs. T - Volatility Comparison

The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 6.53%, while AT&T Inc. (T) has a volatility of 7.50%. This indicates that QQQY experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQY	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.53%	7.50%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	12.41%	17.57%	-5.16%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	21.98%	-7.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	23.97%	-8.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.03%	23.71%	-8.68%

Dividends

QQQY vs. T - Dividend Comparison

QQQY's dividend yield for the trailing twelve months is around 35.66%, more than T's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.66%	45.34%	83.34%	20.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
T AT&T Inc.	4.93%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%

Frequently Asked Questions

Can I hold both QQQY and T in my portfolio?

QQQY and T have a correlation of -0.22, 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 T?

T has higher volatility (7.50%) compared to QQQY (6.53%). In terms of maximum drawdown, QQQY dropped -19.05% vs T's -64.15%.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (2.12 vs -0.75), 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.