WEEK vs. QQQY

Last updated Jun 9, 2026

WEEK (Roundhill Weekly T-Bill ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - WEEK is a Ultrashort Bond fund actively managed by Roundhill, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. Over the past year, WEEK returned 3.83% vs 30.60% for QQQY. At a 0.04 correlation, their price movements are largely independent. WEEK charges 0.19%/yr vs 0.99%/yr for QQQY.

Performance

WEEK vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Weekly T-Bill ETF (WEEK) 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, WEEK achieves a 1.50% return, which is significantly lower than QQQY's 14.65% return.

WEEK

• 1D: 0.04%
• 1M: 0.29%
• YTD: 1.50%
• 6M: 1.79%
• 1Y: 3.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY

• 1D: 1.28%
• 1M: -0.02%
• YTD: 14.65%
• 6M: 14.20%
• 1Y: 30.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WEEK vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025
WEEK Roundhill Weekly T-Bill ETF	1.50%	3.37%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	14.65%	19.80%

Correlation

The correlation between WEEK and QQQY is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.04

Return for Risk

WEEK vs. QQQY — Risk / Return Rank

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

WEEK

WEEK Risk / Return Rank: 99
WEEK Sharpe Ratio Rank: 99
WEEK Sortino Ratio Rank: 99
WEEK Omega Ratio Rank: 99
WEEK Calmar Ratio Rank: 99
WEEK Martin Ratio Rank: 99

QQQY

QQQY Risk / Return Rank: 68
QQQY Sharpe Ratio Rank: 72
QQQY Sortino Ratio Rank: 63
QQQY Omega Ratio Rank: 75
QQQY Calmar Ratio Rank: 61
QQQY Martin Ratio Rank: 69

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.

WEEK vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Weekly T-Bill ETF (WEEK) 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.

	WEEK	QQQY	Difference
Sharpe ratio: Return per unit of total volatility	9.29	2.12	+7.17
Sortino ratio: Return per unit of downside risk	19.18	2.62	+16.56
Omega ratio: Gain probability vs. loss probability	4.63	1.40	+3.23
Calmar ratio: Return relative to maximum drawdown	29.58	2.76	+26.82
Martin ratio: Return relative to average drawdown	264.43	11.59	+252.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WEEK vs. QQQY - Sharpe Ratio Comparison

The current WEEK Sharpe Ratio is 9.29, which is higher than the QQQY Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of WEEK 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

	WEEK	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.29	2.12	+7.17
Sharpe Ratio (All Time) Calculated using the full available price history	10.10	1.11	+8.98

Drawdowns

WEEK vs. QQQY - Drawdown Comparison

The maximum WEEK drawdown since its inception was -0.13%, smaller than the maximum QQQY drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for WEEK and QQQY.

Drawdown Indicators

	WEEK	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-0.13%	-19.05%	+18.92%
Max Drawdown (1Y) Largest decline over 1 year	-0.13%	-11.14%	+11.01%
Current Drawdown Current decline from peak	0.00%	-4.06%	+4.06%
Average Drawdown Average peak-to-trough decline	-0.01%	-2.91%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	2.65%	-2.64%

Volatility

WEEK vs. QQQY - Volatility Comparison

The current volatility for Roundhill Weekly T-Bill ETF (WEEK) is 0.08%, while Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a volatility of 6.53%. This indicates that WEEK experiences smaller price fluctuations and is considered to be less risky than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEEK	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.08%	6.53%	-6.45%
Volatility (6M) Calculated over the trailing 6-month period	0.25%	12.41%	-12.16%
Volatility (1Y) Calculated over the trailing 1-year period	0.41%	14.55%	-14.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.39%	15.03%	-14.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.39%	15.03%	-14.64%

WEEK vs. QQQY - Expense Ratio Comparison

WEEK has a 0.19% expense ratio, which is lower than QQQY's 0.99% expense ratio.

Dividends

WEEK vs. QQQY - Dividend Comparison

WEEK's dividend yield for the trailing twelve months is around 3.72%, less than QQQY's 35.66% yield.

Position	TTM	2025	2024	2023
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.66%	45.34%	83.34%	20.64%
WEEK Roundhill Weekly T-Bill ETF	3.72%	3.27%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEEK and QQQY in my portfolio?

WEEK and QQQY have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEEK or QQQY?

QQQY has higher volatility (6.53%) compared to WEEK (0.08%). In terms of maximum drawdown, WEEK dropped -0.13% vs QQQY's -19.05%.

Which ETF is better, WEEK or QQQY?

On 1-year performance, QQQY leads with 30.60% vs 3.83% for WEEK. On fees, WEEK is cheaper at 0.19% per year. On volatility, WEEK has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEEK or QQQY?

Over the 1-year period, QQQY has performed better with a 30.60% return vs 3.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEEK or QQQY?

WEEK is cheaper with a 0.19% expense ratio, compared with 0.99% for QQQY.

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

QQQY has the higher dividend yield at 35.66%, compared with 3.72% for WEEK.

What is the main difference between WEEK and QQQY?

WEEK is categorized as Ultrashort Bond, while QQQY is Nasdaq-100. They also come from different issuers: Roundhill and Defiance. Their fees differ too: 0.19% for WEEK and 0.99% for QQQY.

Which has better risk-adjusted returns?

WEEK currently has the higher Sharpe Ratio (9.29 vs 2.12), 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.