YQQQ vs. ^IXIC
Compare and contrast key facts about YieldMax Short N100 Option Income Strategy ETF (YQQQ) and NASDAQ Composite (^IXIC).
YQQQ is an actively managed fund by YieldMax. It was launched on Aug 14, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YQQQ or ^IXIC.
Correlation
The correlation between YQQQ and ^IXIC is -0.92. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
YQQQ vs. ^IXIC - Performance Comparison
Key characteristics
YQQQ:
20.06%
^IXIC:
25.36%
YQQQ:
-11.11%
^IXIC:
-77.93%
YQQQ:
-4.05%
^IXIC:
-19.27%
Returns By Period
In the year-to-date period, YQQQ achieves a 9.49% return, which is significantly higher than ^IXIC's -15.66% return.
YQQQ
9.49%
3.09%
8.36%
N/A
N/A
N/A
^IXIC
-15.66%
-8.25%
-11.92%
4.39%
13.53%
12.53%
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Risk-Adjusted Performance
YQQQ vs. ^IXIC — Risk-Adjusted Performance Rank
YQQQ
^IXIC
YQQQ vs. ^IXIC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short N100 Option Income Strategy ETF (YQQQ) and NASDAQ Composite (^IXIC). 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.
Not enough dataDrawdowns
YQQQ vs. ^IXIC - Drawdown Comparison
The maximum YQQQ drawdown since its inception was -11.11%, smaller than the maximum ^IXIC drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for YQQQ and ^IXIC. For additional features, visit the drawdowns tool.
Volatility
YQQQ vs. ^IXIC - Volatility Comparison
The current volatility for YieldMax Short N100 Option Income Strategy ETF (YQQQ) is 12.45%, while NASDAQ Composite (^IXIC) has a volatility of 16.51%. This indicates that YQQQ experiences smaller price fluctuations and is considered to be less risky than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.