USOY vs. QQQT
Compare and contrast key facts about Defiance Oil Enhanced Options Income ETF (USOY) and Defiance Nasdaq 100 Income Target ETF (QQQT).
USOY and QQQT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USOY is an actively managed fund by Defiance. It was launched on May 9, 2024. QQQT is an actively managed fund by Defiance. It was launched on Jun 20, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USOY or QQQT.
Correlation
The correlation between USOY and QQQT is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
USOY vs. QQQT - Performance Comparison
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Key characteristics
USOY:
21.32%
QQQT:
25.37%
USOY:
-17.46%
QQQT:
-22.51%
USOY:
-12.80%
QQQT:
-4.83%
Returns By Period
In the year-to-date period, USOY achieves a -8.58% return, which is significantly lower than QQQT's -0.22% return.
USOY
-8.58%
1.31%
0.15%
-0.36%
N/A
N/A
QQQT
-0.22%
12.43%
-0.65%
N/A
N/A
N/A
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USOY vs. QQQT - Expense Ratio Comparison
USOY has a 1.22% expense ratio, which is higher than QQQT's 1.05% expense ratio.
Risk-Adjusted Performance
USOY vs. QQQT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Oil Enhanced Options Income ETF (USOY) and Defiance Nasdaq 100 Income Target ETF (QQQT). 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.
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Dividends
USOY vs. QQQT - Dividend Comparison
USOY's dividend yield for the trailing twelve months is around 98.41%, more than QQQT's 17.88% yield.
| TTM | 2024 | |
|---|---|---|
USOY Defiance Oil Enhanced Options Income ETF | 98.41% | 48.60% |
QQQT Defiance Nasdaq 100 Income Target ETF | 17.88% | 10.35% |
Drawdowns
USOY vs. QQQT - Drawdown Comparison
The maximum USOY drawdown since its inception was -17.46%, smaller than the maximum QQQT drawdown of -22.51%. Use the drawdown chart below to compare losses from any high point for USOY and QQQT. For additional features, visit the drawdowns tool.
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Volatility
USOY vs. QQQT - Volatility Comparison
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