SOUX vs. QQQY

Last updated Jun 5, 2026

SOUX (Defiance Daily Target 2X Long SOUN ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - SOUX is a Leveraged Equities fund managed by Defiance, while QQQY is a Nasdaq-100 fund actively managed by Defiance. At a 0.48 correlation, their price movements are largely independent. SOUX charges 1.29%/yr vs 0.99%/yr for QQQY.

Performance

SOUX vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long SOUN ETF (SOUX) 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, SOUX achieves a -56.46% return, which is significantly lower than QQQY's 18.85% return.

SOUX

• 1D: -1.00%
• 1M: -27.92%
• YTD: -56.46%
• 6M: -75.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY

• 1D: -0.19%
• 1M: 7.95%
• YTD: 18.85%
• 6M: 18.67%
• 1Y: 35.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOUX vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025
SOUX Defiance Daily Target 2X Long SOUN ETF	-56.46%	-40.03%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	18.85%	11.95%

Correlation

The correlation between SOUX and QQQY is 0.48, 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 Jun 25, 2025	0.48

Return for Risk

SOUX vs. QQQY — Risk / Return Rank

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

QQQY

QQQY Risk / Return Rank: 75
QQQY Sharpe Ratio Rank: 82
QQQY Sortino Ratio Rank: 75
QQQY Omega Ratio Rank: 81
QQQY Calmar Ratio Rank: 65
QQQY Martin Ratio Rank: 74

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.

SOUX vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long SOUN ETF (SOUX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SOUX	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.47	1.25	-1.71

Drawdowns

SOUX vs. QQQY - Drawdown Comparison

The maximum SOUX drawdown since its inception was -95.03%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for SOUX and QQQY.

Drawdown Indicators

	SOUX	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-95.03%	-19.05%	-75.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.14%	—
Current Drawdown Current decline from peak	-92.32%	-0.55%	-91.77%
Average Drawdown Average peak-to-trough decline	-59.67%	-2.91%	-56.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.61%	—

Volatility

Volatility by Period

	SOUX	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	163.11%	13.66%	+149.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	163.11%	14.74%	+148.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	163.11%	14.74%	+148.37%

SOUX vs. QQQY - Expense Ratio Comparison

SOUX has a 1.29% expense ratio, which is higher than QQQY's 0.99% expense ratio.

Dividends

SOUX vs. QQQY - Dividend Comparison

SOUX's dividend yield for the trailing twelve months is around 46.60%, more than QQQY's 35.18% yield.

Position	TTM	2025	2024	2023
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.18%	45.34%	83.34%	20.64%
SOUX Defiance Daily Target 2X Long SOUN ETF	46.60%	20.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SOUX and QQQY in my portfolio?

SOUX 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.

Which ETF is better, SOUX or QQQY?

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.

Which ETF is cheaper, SOUX or QQQY?

QQQY is cheaper with a 0.99% expense ratio, compared with 1.29% for SOUX.

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

SOUX has the higher dividend yield at 46.60%, compared with 35.18% for QQQY.

What is the main difference between SOUX and QQQY?

SOUX is categorized as Leveraged Equities, while QQQY is Nasdaq-100. Their fees differ too: 1.29% for SOUX and 0.99% for QQQY.