USNQX vs. QQQY
Compare and contrast key facts about USAA Nasdaq 100 Index Fund (USNQX) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY).
USNQX is managed by Victory Capital. It was launched on Oct 27, 2000. 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: USNQX or QQQY.
Performance
USNQX vs. QQQY - Performance Comparison
Returns By Period
In the year-to-date period, USNQX achieves a 22.50% return, which is significantly higher than QQQY's 10.66% return.
USNQX
22.50%
1.08%
10.20%
27.59%
17.76%
15.97%
QQQY
10.66%
-0.54%
5.56%
17.05%
N/A
N/A
Key characteristics
| USNQX | QQQY | |
|---|---|---|
| Sharpe Ratio | 1.57 | 1.46 |
| Sortino Ratio | 2.13 | 1.73 |
| Omega Ratio | 1.29 | 1.26 |
| Calmar Ratio | 2.04 | 1.72 |
| Martin Ratio | 7.37 | 6.11 |
| Ulcer Index | 3.75% | 2.83% |
| Daily Std Dev | 17.64% | 11.86% |
| Max Drawdown | -74.36% | -10.07% |
| Current Drawdown | -2.74% | -2.25% |
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USNQX vs. QQQY - Expense Ratio Comparison
USNQX has a 0.42% expense ratio, which is lower than QQQY's 0.99% expense ratio.
Correlation
The correlation between USNQX and QQQY is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
USNQX vs. QQQY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Nasdaq 100 Index Fund (USNQX) 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
USNQX vs. QQQY - Dividend Comparison
USNQX's dividend yield for the trailing twelve months is around 0.47%, less than QQQY's 86.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USNQX USAA Nasdaq 100 Index Fund | 0.47% | 0.58% | 0.28% | 0.24% | 0.37% | 0.55% | 0.65% | 0.46% | 0.50% | 0.62% | 0.21% | 0.28% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 86.90% | 20.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USNQX vs. QQQY - Drawdown Comparison
The maximum USNQX drawdown since its inception was -74.36%, which is greater than QQQY's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for USNQX and QQQY. For additional features, visit the drawdowns tool.
Volatility
USNQX vs. QQQY - Volatility Comparison
USAA Nasdaq 100 Index Fund (USNQX) has a higher volatility of 5.58% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.33%. This indicates that USNQX'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.