PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
YMAX vs. QQQY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


YMAXQQQY
Daily Std Dev18.23%11.59%
Max Drawdown-12.78%-10.07%
Current Drawdown-0.11%0.00%

Correlation

-0.50.00.51.00.8

The correlation between YMAX and QQQY is 0.77, 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.

Performance

YMAX vs. QQQY - Performance Comparison

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
9.58%
8.39%
YMAX
QQQY

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


YMAX vs. QQQY - Expense Ratio Comparison

YMAX has a 1.28% expense ratio, which is higher than QQQY's 0.99% expense ratio.


YMAX
YieldMax Universe Fund of Option Income ETFs
Expense ratio chart for YMAX: current value at 1.28% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.28%
Expense ratio chart for QQQY: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

Risk-Adjusted Performance

YMAX vs. QQQY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) 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.


YMAX
Sharpe ratio
No data
QQQY
Sharpe ratio
The chart of Sharpe ratio for QQQY, currently valued at 1.86, compared to the broader market-2.000.002.004.006.001.86
Sortino ratio
The chart of Sortino ratio for QQQY, currently valued at 2.16, compared to the broader market-2.000.002.004.006.008.0010.0012.002.16
Omega ratio
The chart of Omega ratio for QQQY, currently valued at 1.33, compared to the broader market1.001.502.002.503.001.33
Calmar ratio
The chart of Calmar ratio for QQQY, currently valued at 2.14, compared to the broader market0.005.0010.0015.002.14
Martin ratio
The chart of Martin ratio for QQQY, currently valued at 7.62, compared to the broader market0.0020.0040.0060.0080.00100.007.62

YMAX vs. QQQY - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

YMAX vs. QQQY - Dividend Comparison

YMAX's dividend yield for the trailing twelve months is around 33.41%, less than QQQY's 83.11% yield.


TTM2023
YMAX
YieldMax Universe Fund of Option Income ETFs
33.41%0.00%
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
83.11%20.64%

Drawdowns

YMAX vs. QQQY - Drawdown Comparison

The maximum YMAX drawdown since its inception was -12.78%, which is greater than QQQY's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for YMAX and QQQY. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.11%
0
YMAX
QQQY

Volatility

YMAX vs. QQQY - Volatility Comparison

YieldMax Universe Fund of Option Income ETFs (YMAX) has a higher volatility of 5.63% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 3.74%. This indicates that YMAX'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.


2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.63%
3.74%
YMAX
QQQY