RYSE vs. QQQY
Compare and contrast key facts about Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY).
RYSE and QQQY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RYSE is an actively managed fund by Vest. It was launched on Feb 2, 2023. QQQY is an actively managed fund by Defiance ETFs. It was launched on Sep 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYSE or QQQY.
Key characteristics
| RYSE | QQQY | |
|---|---|---|
| YTD Return | 7.56% | 12.95% |
| 1Y Return | -7.37% | 21.74% |
| Sharpe Ratio | -0.33 | 1.83 |
| Sortino Ratio | -0.36 | 2.13 |
| Omega Ratio | 0.96 | 1.32 |
| Calmar Ratio | -0.27 | 2.10 |
| Martin Ratio | -0.55 | 7.51 |
| Ulcer Index | 9.66% | 2.82% |
| Daily Std Dev | 16.12% | 11.61% |
| Max Drawdown | -19.70% | -10.07% |
| Current Drawdown | -11.27% | 0.00% |
Correlation
The correlation between RYSE and QQQY is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
RYSE vs. QQQY - Performance Comparison
In the year-to-date period, RYSE achieves a 7.56% return, which is significantly lower than QQQY's 12.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RYSE vs. QQQY - Expense Ratio Comparison
RYSE has a 0.85% expense ratio, which is lower than QQQY's 0.99% expense ratio.
Risk-Adjusted Performance
RYSE vs. QQQY - Risk-Adjusted Performance 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.
Dividends
RYSE vs. QQQY - Dividend Comparison
RYSE's dividend yield for the trailing twelve months is around 23.42%, less than QQQY's 83.28% yield.
| TTM | 2023 | |
|---|---|---|
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF | 23.42% | 24.91% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 83.28% | 20.64% |
Drawdowns
RYSE vs. QQQY - Drawdown Comparison
The maximum RYSE drawdown since its inception was -19.70%, which is greater than QQQY's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for RYSE and QQQY. For additional features, visit the drawdowns tool.
Volatility
RYSE vs. QQQY - Volatility Comparison
The current volatility for Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) is 3.28%, while Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a volatility of 3.76%. 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.