QSU vs. QQQY

Last updated Jul 4, 2026

QSU (Defiance Daily Target 2X Long QS ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - QSU is a Leveraged Equities fund actively managed by Defiance, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. QSU charges 1.31%/yr vs 0.99%/yr for QQQY.

Performance

QSU vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long QS ETF (QSU) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QSU achieves a -70.86% return, which is significantly lower than QQQY's 15.77% return.

QSU

• 1D: -14.15%
• 1M: -42.07%
• 6M: -73.99%
• YTD: -70.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY

• 1D: -1.59%
• 1M: -2.77%
• 6M: 15.77%
• YTD: 15.77%
• 1Y: 27.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QSU vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025
QSU Defiance Daily Target 2X Long QS ETF	-70.86%	-65.11%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	15.77%	0.98%

Correlation

The correlation between QSU and QQQY is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025	0.54

Return for Risk

QSU vs. QQQY — Risk / Return Rank

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

QSU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQY

QQQY Risk / Return Rank: 62
QQQY Sharpe Ratio Rank: 63
QQQY Sortino Ratio Rank: 56
QQQY Omega Ratio Rank: 65
QQQY Calmar Ratio Rank: 61
QQQY Martin Ratio Rank: 67

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.

QSU vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long QS ETF (QSU) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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.

	QSU	QQQY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.71	—
Sortino ratio: Return per unit of downside risk	—	2.23	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.50	—
Martin ratio: Return relative to average drawdown	—	9.95	—

Drawdowns

QSU vs. QQQY - Drawdown Comparison

The maximum QSU drawdown since its inception was -92.77%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for QSU and QQQY.

Drawdown Indicators

	QSU	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-92.77%	-19.05%	-73.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.14%	—
Current Drawdown Current decline from peak	-92.07%	-3.12%	-88.95%
Average Drawdown Average peak-to-trough decline	-75.36%	-2.91%	-72.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.79%	—

Volatility

Volatility by Period

	QSU	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	154.34%	16.27%	+138.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	154.34%	15.52%	+138.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	154.34%	15.52%	+138.82%

QSU vs. QQQY - Expense Ratio Comparison

QSU has a 1.31% expense ratio, which is higher than QQQY's 0.99% expense ratio.

Dividends

QSU vs. QQQY - Dividend Comparison

QSU has not paid dividends to shareholders, while QQQY's dividend yield for the trailing twelve months is around 36.51%.

Position	TTM	2025	2024	2023
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	36.51%	45.34%	83.34%	20.64%
QSU Defiance Daily Target 2X Long QS ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QSU and QQQY in my portfolio?

QSU and QQQY have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QSU or QQQY?

On fees, QQQY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QSU or QQQY?

QQQY is cheaper with a 0.99% expense ratio, compared with 1.31% for QSU.

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

QQQY has the higher dividend yield at 36.51%, compared with 0.00% for QSU.

What is the main difference between QSU and QQQY?

QSU is categorized as Leveraged Equities, while QQQY is Nasdaq-100. Their fees differ too: 1.31% for QSU and 0.99% for QQQY.