TSLY vs. QQQY
Compare and contrast key facts about YieldMax TSLA Option Income Strategy ETF (TSLY) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY).
TSLY and QQQY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLY is an actively managed fund by YieldMax. It was launched on Nov 22, 2022. 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: TSLY or QQQY.
Performance
TSLY vs. QQQY - Performance Comparison
Returns By Period
In the year-to-date period, TSLY achieves a 17.69% return, which is significantly higher than QQQY's 11.20% return.
TSLY
17.69%
40.93%
42.95%
30.40%
N/A
N/A
QQQY
11.20%
-0.06%
5.79%
17.04%
N/A
N/A
Key characteristics
| TSLY | QQQY | |
|---|---|---|
| Sharpe Ratio | 0.68 | 1.49 |
| Sortino Ratio | 1.21 | 1.76 |
| Omega Ratio | 1.16 | 1.26 |
| Calmar Ratio | 0.68 | 1.75 |
| Martin Ratio | 1.69 | 6.21 |
| Ulcer Index | 18.32% | 2.83% |
| Daily Std Dev | 45.57% | 11.85% |
| Max Drawdown | -45.63% | -10.07% |
| Current Drawdown | -2.64% | -1.78% |
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TSLY vs. QQQY - Expense Ratio Comparison
Both TSLY and QQQY have an expense ratio of 0.99%.
Correlation
The correlation between TSLY and QQQY is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
TSLY vs. QQQY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Option Income Strategy ETF (TSLY) 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
TSLY vs. QQQY - Dividend Comparison
TSLY's dividend yield for the trailing twelve months is around 67.61%, less than QQQY's 86.48% yield.
| TTM | 2023 | |
|---|---|---|
TSLY YieldMax TSLA Option Income Strategy ETF | 67.61% | 76.47% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 86.48% | 20.64% |
Drawdowns
TSLY vs. QQQY - Drawdown Comparison
The maximum TSLY drawdown since its inception was -45.63%, which is greater than QQQY's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for TSLY and QQQY. For additional features, visit the drawdowns tool.
Volatility
TSLY vs. QQQY - Volatility Comparison
YieldMax TSLA Option Income Strategy ETF (TSLY) has a higher volatility of 20.52% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.33%. This indicates that TSLY's price experiences larger fluctuations and is considered to be riskier than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.