QQQY vs. TSLY
Compare and contrast key facts about Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and YieldMax TSLA Option Income Strategy ETF (TSLY).
QQQY and TSLY 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. TSLY is an actively managed fund by Tidal. It was launched on Nov 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQY or TSLY.
Key characteristics
| QQQY | TSLY | |
|---|---|---|
| YTD Return | 4.48% | -20.37% |
| Daily Std Dev | 10.64% | 38.55% |
| Max Drawdown | -5.46% | -45.63% |
| Current Drawdown | 0.00% | -34.13% |
Correlation
The correlation between QQQY and TSLY is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QQQY vs. TSLY - Performance Comparison
In the year-to-date period, QQQY achieves a 4.48% return, which is significantly higher than TSLY's -20.37% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. TSLY - Expense Ratio Comparison
Both QQQY and TSLY have an expense ratio of 0.99%.
Risk-Adjusted Performance
QQQY vs. TSLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) and YieldMax TSLA Option Income Strategy ETF (TSLY). 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.
Not enough dataDividends
QQQY vs. TSLY - Dividend Comparison
QQQY's dividend yield for the trailing twelve months is around 46.17%, less than TSLY's 94.48% yield.
| TTM | 2023 | |
|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 46.17% | 20.64% |
TSLY YieldMax TSLA Option Income Strategy ETF | 94.48% | 76.47% |
Drawdowns
QQQY vs. TSLY - Drawdown Comparison
The maximum QQQY drawdown since its inception was -5.46%, smaller than the maximum TSLY drawdown of -45.63%. Use the drawdown chart below to compare losses from any high point for QQQY and TSLY. For additional features, visit the drawdowns tool.
Volatility
QQQY vs. TSLY - Volatility Comparison
The current volatility for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) is 3.11%, while YieldMax TSLA Option Income Strategy ETF (TSLY) has a volatility of 14.69%. This indicates that QQQY experiences smaller price fluctuations and is considered to be less risky than TSLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.