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YMAX vs. QQQY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

YMAX vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Universe Fund of Option Income ETFs (YMAX) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
11.74%
5.45%
YMAX
QQQY

Returns By Period


YMAX

YTD

N/A

1M

7.60%

6M

10.19%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

QQQY

YTD

11.13%

1M

-0.53%

6M

5.59%

1Y

17.35%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


YMAXQQQY
Daily Std Dev18.23%11.84%
Max Drawdown-12.78%-10.07%
Current Drawdown-0.16%-1.84%

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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%

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.

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.


Sharpe ratio
No data
YMAX
QQQY

Chart placeholderNot enough data

Dividends

YMAX vs. QQQY - Dividend Comparison

YMAX's dividend yield for the trailing twelve months is around 34.08%, less than QQQY's 86.53% yield.


TTM2023
YMAX
YieldMax Universe Fund of Option Income ETFs
34.08%0.00%
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
86.53%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
-0.16%
-1.84%
YMAX
QQQY

Volatility

YMAX vs. QQQY - Volatility Comparison

YieldMax Universe Fund of Option Income ETFs (YMAX) has a higher volatility of 5.91% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.32%. 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
5.91%
4.32%
YMAX
QQQY