RKLZ vs. QQQY
RKLZ (Defiance Daily Target 2X Short RKLB ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - RKLZ is a Inverse Equities fund actively managed by Defiance, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. At a correlation of -0.48, they often move in opposite directions. RKLZ charges 1.29%/yr vs 0.99%/yr for QQQY.
Performance
RKLZ vs. QQQY - Performance Comparison
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Returns By Period
In the year-to-date period, RKLZ achieves a -92.66% return, which is significantly lower than QQQY's 18.49% return.
RKLZ
- 1D
- 13.11%
- 1M
- 43.13%
- YTD
- -92.66%
- 6M
- -91.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQY
- 1D
- -0.04%
- 1M
- 2.69%
- YTD
- 18.49%
- 6M
- 17.73%
- 1Y
- 34.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RKLZ vs. QQQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RKLZ Defiance Daily Target 2X Short RKLB ETF | -92.66% | -75.89% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 18.49% | 3.11% |
Correlation
The correlation between RKLZ and QQQY is -0.48, 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 (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.48 |
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Return for Risk
RKLZ vs. QQQY — Risk / Return Rank
RKLZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQY
RKLZ vs. QQQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short RKLB ETF (RKLZ) 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.
| RKLZ | QQQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.08 | — |
| Martin ratioReturn relative to average drawdown | — | 12.56 | — |
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Drawdowns
RKLZ vs. QQQY - Drawdown Comparison
The maximum RKLZ drawdown since its inception was -99.10%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for RKLZ and QQQY.
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Drawdown Indicators
| RKLZ | QQQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.10% | -19.05% | -80.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.14% | — |
Current DrawdownCurrent decline from peak | -98.39% | -0.84% | -97.55% |
Average DrawdownAverage peak-to-trough decline | -81.24% | -2.91% | -78.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.73% | — |
Volatility
RKLZ vs. QQQY - Volatility Comparison
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Volatility by Period
| RKLZ | QQQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 206.15% | 15.45% | +190.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 206.15% | 15.27% | +190.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 206.15% | 15.27% | +190.88% |
RKLZ vs. QQQY - Expense Ratio Comparison
RKLZ has a 1.29% expense ratio, which is higher than QQQY's 0.99% expense ratio.
Dividends
RKLZ vs. QQQY - Dividend Comparison
RKLZ has not paid dividends to shareholders, while QQQY's dividend yield for the trailing twelve months is around 34.45%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 34.45% | 45.34% | 83.34% | 20.64% |
RKLZ Defiance Daily Target 2X Short RKLB ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RKLZ and QQQY have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QQQY is cheaper with a 0.99% expense ratio, compared with 1.29% for RKLZ.
QQQY has the higher dividend yield at 34.45%, compared with 0.00% for RKLZ.
RKLZ is categorized as Inverse Equities, while QQQY is Nasdaq-100. Their fees differ too: 1.29% for RKLZ and 0.99% for QQQY.
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