UFOX vs. QQQY

Last updated Jun 4, 2026

UFOX (Defiance Connective Technologies ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - UFOX is a Technology Equities fund tracking the BlueStar Connective Technologies Index, while QQQY is a Nasdaq-100 fund actively managed by Defiance. UFOX is passively managed, while QQQY is actively managed. Over the past year, UFOX returned 119.37% vs 36.38% for QQQY. A 0.79 correlation means they provide meaningful diversification when combined. UFOX charges 0.30%/yr vs 0.99%/yr for QQQY.

Performance

UFOX vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Connective Technologies ETF (UFOX) 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, UFOX achieves a 62.60% return, which is significantly higher than QQQY's 19.07% return.

UFOX

• 1D: -2.52%
• 1M: 21.96%
• YTD: 62.60%
• 6M: 59.53%
• 1Y: 119.37%
• 3Y*: 48.73%
• 5Y*: 24.01%
• 10Y*: —

QQQY

• 1D: -0.36%
• 1M: 9.64%
• YTD: 19.07%
• 6M: 19.11%
• 1Y: 36.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UFOX vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UFOX Defiance Connective Technologies ETF	62.60%	34.83%	34.11%	11.25%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	19.07%	14.96%	7.70%	7.22%

Correlation

The correlation between UFOX and QQQY is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.79

The correlation between UFOX and QQQY has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.

Return for Risk

UFOX vs. QQQY — Risk / Return Rank

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

UFOX

UFOX Risk / Return Rank: 96
UFOX Sharpe Ratio Rank: 97
UFOX Sortino Ratio Rank: 95
UFOX Omega Ratio Rank: 94
UFOX Calmar Ratio Rank: 97
UFOX Martin Ratio Rank: 97

QQQY

QQQY Risk / Return Rank: 74
QQQY Sharpe Ratio Rank: 81
QQQY Sortino Ratio Rank: 73
QQQY Omega Ratio Rank: 80
QQQY Calmar Ratio Rank: 65
QQQY Martin Ratio Rank: 73

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.

UFOX vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Connective Technologies ETF (UFOX) 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.

	UFOX	QQQY	Difference
Sharpe ratio Return per unit of total volatility	4.69	2.68	+2.02
Sortino ratio Return per unit of downside risk	5.33	3.37	+1.95
Omega ratio Gain probability vs. loss probability	1.69	1.49	+0.20
Calmar ratio Return relative to maximum drawdown	10.87	3.28	+7.59
Martin ratio Return relative to average drawdown	43.09	13.95	+29.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UFOX vs. QQQY - Sharpe Ratio Comparison

The current UFOX Sharpe Ratio is 4.69, which is higher than the QQQY Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of UFOX 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.

Sharpe Ratios by Period

	UFOX	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.69	2.68	+2.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.25	-0.33

Drawdowns

UFOX vs. QQQY - Drawdown Comparison

The maximum UFOX drawdown since its inception was -33.90%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for UFOX and QQQY.

Drawdown Indicators

	UFOX	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-33.90%	-19.05%	-14.85%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-11.14%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	-28.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.90%	—	—
Current Drawdown Current decline from peak	-2.52%	-0.36%	-2.16%
Average Drawdown Average peak-to-trough decline	-9.01%	-2.91%	-6.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	2.61%	+0.17%

Volatility

UFOX vs. QQQY - Volatility Comparison

Defiance Connective Technologies ETF (UFOX) has a higher volatility of 9.95% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.21%. This indicates that UFOX'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.

Volatility by Period

	UFOX	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.95%	4.21%	+5.74%
Volatility (6M) Calculated over the trailing 6-month period	20.25%	11.30%	+8.95%
Volatility (1Y) Calculated over the trailing 1-year period	25.66%	13.67%	+11.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.61%	14.75%	+9.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.22%	14.75%	+10.47%

UFOX vs. QQQY - Expense Ratio Comparison

UFOX has a 0.30% expense ratio, which is lower than QQQY's 0.99% expense ratio.

Dividends

UFOX vs. QQQY - Dividend Comparison

UFOX's dividend yield for the trailing twelve months is around 0.36%, less than QQQY's 34.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	34.34%	45.34%	83.34%	20.64%	0.00%	0.00%	0.00%	0.00%
UFOX Defiance Connective Technologies ETF	0.36%	0.56%	0.79%	1.40%	1.63%	1.17%	0.99%	0.75%

Frequently Asked Questions

Can I hold both UFOX and QQQY in my portfolio?

UFOX and QQQY have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UFOX or QQQY?

UFOX has higher volatility (9.95%) compared to QQQY (4.21%). In terms of maximum drawdown, UFOX dropped -33.90% vs QQQY's -19.05%.

Which ETF is better, UFOX or QQQY?

On 1-year performance, UFOX leads with 119.37% vs 36.38% for QQQY. On fees, UFOX is cheaper at 0.30% per year. On volatility, QQQY has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFOX or QQQY?

Over the 1-year period, UFOX has performed better with a 119.37% return vs 36.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UFOX or QQQY?

UFOX is cheaper with a 0.30% expense ratio, compared with 0.99% for QQQY.

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

QQQY has the higher dividend yield at 34.34%, compared with 0.36% for UFOX.

What is the main difference between UFOX and QQQY?

UFOX is categorized as Technology Equities, while QQQY is Nasdaq-100. Their fees differ too: 0.30% for UFOX and 0.99% for QQQY.

Which has better risk-adjusted returns?

UFOX currently has the higher Sharpe Ratio (4.69 vs 2.68), 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.