RDTY vs. QQQ
RDTY (YieldMax™ R2000 0DTE Covered Call Strategy ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - RDTY is a Derivative Income fund actively managed by YieldMax, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. RDTY is actively managed, while QQQ is passively managed. Over the past year, RDTY returned 24.95% vs 41.82% for QQQ. A 0.73 correlation means they provide meaningful diversification when combined. RDTY charges 1.01%/yr vs 0.18%/yr for QQQ.
Performance
RDTY vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, RDTY achieves a 12.91% return, which is significantly lower than QQQ's 21.30% return.
RDTY
- 1D
- -1.30%
- 1M
- 2.33%
- YTD
- 12.91%
- 6M
- 12.68%
- 1Y
- 24.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- -0.26%
- 1M
- 10.60%
- YTD
- 21.30%
- 6M
- 19.66%
- 1Y
- 41.82%
- 3Y*
- 28.78%
- 5Y*
- 17.97%
- 10Y*
- 21.94%
RDTY vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF | 12.91% | 10.73% |
QQQ Invesco QQQ ETF | 21.30% | 26.47% |
Correlation
The correlation between RDTY and QQQ is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025 | 0.73 |
The correlation between RDTY and QQQ has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.
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Return for Risk
RDTY vs. QQQ — Risk / Return Rank
RDTY
QQQ
RDTY vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) and Invesco QQQ ETF (QQQ). 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.
| RDTY | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.45 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 3.51 | -0.79 |
| Martin ratioReturn relative to average drawdown | 9.18 | 13.49 | -4.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RDTY | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.64 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.41 | +0.49 |
Drawdowns
RDTY vs. QQQ - Drawdown Comparison
The maximum RDTY drawdown since its inception was -17.31%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for RDTY and QQQ.
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Drawdown Indicators
| RDTY | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.31% | -82.97% | +65.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -11.96% | +2.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -1.30% | -0.26% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -32.79% | +30.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 3.11% | -0.39% |
Volatility
RDTY vs. QQQ - Volatility Comparison
YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) has a higher volatility of 6.07% compared to Invesco QQQ ETF (QQQ) at 4.49%. This indicates that RDTY's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDTY | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 4.49% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 12.10% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 15.94% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.08% | 22.38% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.08% | 22.29% | -0.21% |
RDTY vs. QQQ - Expense Ratio Comparison
RDTY has a 1.01% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
RDTY vs. QQQ - Dividend Comparison
RDTY's dividend yield for the trailing twelve months is around 44.28%, more than QQQ's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.38% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF | 44.28% | 36.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RDTY and QQQ have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDTY has higher volatility (6.07%) compared to QQQ (4.49%). In terms of maximum drawdown, RDTY dropped -17.31% vs QQQ's -82.97%.
On 1-year performance, QQQ leads with 41.82% vs 24.95% for RDTY. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQ has performed better with a 41.82% return vs 24.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 1.01% for RDTY.
RDTY has the higher dividend yield at 44.28%, compared with 0.38% for QQQ.
RDTY is categorized as Derivative Income, while QQQ is Nasdaq-100. They also come from different issuers: YieldMax and Invesco. Their fees differ too: 1.01% for RDTY and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (2.64 vs 1.48), 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.
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