RYSE vs. QQQY

Last updated Jun 24, 2026

RYSE (Cboe Vest 10 Year Interest Rate Hedge ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - RYSE is a Nontraditional Bonds fund actively managed by Vest, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. Over the past year, RYSE returned 3.82% vs 29.04% for QQQY. At a correlation of -0.06, they often move in opposite directions. RYSE charges 0.85%/yr vs 0.99%/yr for QQQY.

Performance

RYSE vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) 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, RYSE achieves a 2.52% return, which is significantly lower than QQQY's 14.69% return.

RYSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 2.52%
• 6M: 3.15%
• 1Y: 3.82%
• 3Y*: 4.06%
• 5Y*: —
• 10Y*: —

QQQY

• 1D: -3.21%
• 1M: -0.60%
• YTD: 14.69%
• 6M: 13.76%
• 1Y: 29.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RYSE vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF	2.52%	-3.09%	12.46%	-9.17%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	14.69%	14.96%	7.70%	7.19%

Correlation

The correlation between RYSE and QQQY is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	-0.06

Return for Risk

RYSE vs. QQQY — Risk / Return Rank

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

RYSE

RYSE Risk / Return Rank: 14
RYSE Sharpe Ratio Rank: 15
RYSE Sortino Ratio Rank: 13
RYSE Omega Ratio Rank: 14
RYSE Calmar Ratio Rank: 15
RYSE Martin Ratio Rank: 14

QQQY

QQQY Risk / Return Rank: 57
QQQY Sharpe Ratio Rank: 57
QQQY Sortino Ratio Rank: 50
QQQY Omega Ratio Rank: 59
QQQY Calmar Ratio Rank: 55
QQQY Martin Ratio Rank: 62

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.

RYSE vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) 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.

	RYSE	QQQY	Difference
Sharpe ratio: Return per unit of total volatility	0.38	1.85	-1.47
Sortino ratio: Return per unit of downside risk	0.62	2.37	-1.75
Omega ratio: Gain probability vs. loss probability	1.08	1.35	-0.27
Calmar ratio: Return relative to maximum drawdown	0.53	2.62	-2.08
Martin ratio: Return relative to average drawdown	1.19	10.63	-9.44

RYSE vs. QQQY - Sharpe Ratio Comparison

The current RYSE Sharpe Ratio is 0.38, which is lower than the QQQY Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of RYSE and QQQY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYSE vs. QQQY - Drawdown Comparison

The maximum RYSE drawdown since its inception was -19.70%, roughly equal to the maximum QQQY drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for RYSE and QQQY.

Drawdown Indicators

	RYSE	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-19.70%	-19.05%	-0.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	-11.14%	+3.96%
Max Drawdown (3Y) Largest decline over 3 years	-19.70%	—	—
Current Drawdown Current decline from peak	-7.83%	-4.03%	-3.80%
Average Drawdown Average peak-to-trough decline	-9.15%	-2.91%	-6.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	2.74%	+0.48%

Volatility

RYSE vs. QQQY - Volatility Comparison

The current volatility for Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) is 0.00%, while Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a volatility of 8.51%. This indicates that RYSE experiences smaller price fluctuations and is considered to be less risky than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYSE	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	8.51%	-8.51%
Volatility (6M) Calculated over the trailing 6-month period	6.39%	13.62%	-7.23%
Volatility (1Y) Calculated over the trailing 1-year period	10.12%	15.78%	-5.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	15.39%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.80%	15.39%	-0.59%

RYSE vs. QQQY - Expense Ratio Comparison

RYSE has a 0.85% expense ratio, which is lower than QQQY's 0.99% expense ratio.

Dividends

RYSE vs. QQQY - Dividend Comparison

RYSE's dividend yield for the trailing twelve months is around 1.37%, less than QQQY's 35.60% yield.

Position	TTM	2025	2024	2023
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.60%	45.34%	83.34%	20.64%
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF	1.37%	1.86%	2.58%	24.91%

Frequently Asked Questions

Can I hold both RYSE and QQQY in my portfolio?

RYSE and QQQY have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYSE or QQQY?

QQQY has higher volatility (8.51%) compared to RYSE (0.00%). In terms of maximum drawdown, RYSE dropped -19.70% vs QQQY's -19.05%.

Which ETF is better, RYSE or QQQY?

On 1-year performance, QQQY leads with 29.04% vs 3.82% for RYSE. On fees, RYSE is cheaper at 0.85% per year. On volatility, RYSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RYSE or QQQY?

Over the 1-year period, QQQY has performed better with a 29.04% return vs 3.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RYSE or QQQY?

RYSE is cheaper with a 0.85% expense ratio, compared with 0.99% for QQQY.

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

QQQY has the higher dividend yield at 35.60%, compared with 1.37% for RYSE.

What is the main difference between RYSE and QQQY?

RYSE is categorized as Nontraditional Bonds, while QQQY is Nasdaq-100. They also come from different issuers: Vest and Defiance. Their fees differ too: 0.85% for RYSE and 0.99% for QQQY.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (1.85 vs 0.38), 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.