SMCC vs. QQA
SMCC (Defiance Leveraged Long + Income SMCI ETF) and QQA (Invesco QQQ Income Advantage ETF) are both Derivative Income funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. SMCC charges 1.51%/yr vs 0.29%/yr for QQA.
Performance
SMCC vs. QQA - Performance Comparison
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Returns By Period
In the year-to-date period, SMCC achieves a 5.60% return, which is significantly lower than QQA's 10.16% return.
SMCC
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.60%
- 6M
- -21.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQA
- 1D
- -3.57%
- 1M
- 0.85%
- YTD
- 10.16%
- 6M
- 9.29%
- 1Y
- 27.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMCC vs. QQA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMCC Defiance Leveraged Long + Income SMCI ETF | 5.60% | -57.43% |
QQA Invesco QQQ Income Advantage ETF | 10.16% | 8.50% |
Correlation
The correlation between SMCC and QQA is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025 | 0.27 |
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Return for Risk
SMCC vs. QQA — Risk / Return Rank
SMCC
QQA
SMCC vs. QQA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income SMCI ETF (SMCC) and Invesco QQQ Income Advantage ETF (QQA). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SMCC | QQA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.87 | 1.03 | -1.89 |
Drawdowns
SMCC vs. QQA - Drawdown Comparison
The maximum SMCC drawdown since its inception was -75.87%, which is greater than QQA's maximum drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for SMCC and QQA.
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Drawdown Indicators
| SMCC | QQA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.87% | -19.73% | -56.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.76% | — |
Current DrawdownCurrent decline from peak | -72.90% | -3.95% | -68.95% |
Average DrawdownAverage peak-to-trough decline | -53.60% | -2.44% | -51.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.96% | — |
Volatility
SMCC vs. QQA - Volatility Comparison
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Volatility by Period
| SMCC | QQA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.90% | 13.11% | +62.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.90% | 18.43% | +57.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.90% | 18.43% | +57.47% |
SMCC vs. QQA - Expense Ratio Comparison
SMCC has a 1.51% expense ratio, which is higher than QQA's 0.29% expense ratio.
Dividends
SMCC vs. QQA - Dividend Comparison
SMCC's dividend yield for the trailing twelve months is around 83.22%, more than QQA's 9.66% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQA Invesco QQQ Income Advantage ETF | 9.66% | 9.78% | 4.29% |
SMCC Defiance Leveraged Long + Income SMCI ETF | 83.22% | 79.22% | 0.00% |
Frequently Asked Questions
SMCC and QQA have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQA is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQA is cheaper with a 0.29% expense ratio, compared with 1.51% for SMCC.
SMCC has the higher dividend yield at 83.22%, compared with 9.66% for QQA.
They also come from different issuers: Defiance and Invesco. Their fees differ too: 1.51% for SMCC and 0.29% for QQA.
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