YQQQ vs. ELIS

Last updated Jun 4, 2026

YQQQ (YieldMax Short N100 Option Income Strategy ETF) and ELIS (Direxion Daily LLY Bear 1X Shares) are both exchange-traded funds - YQQQ is a Derivative Income fund actively managed by YieldMax, while ELIS is a Inverse Equities fund actively managed by Direxion. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. YQQQ charges 0.99%/yr vs 0.97%/yr for ELIS.

Performance

YQQQ vs. ELIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Short N100 Option Income Strategy ETF (YQQQ) and Direxion Daily LLY Bear 1X Shares (ELIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

YQQQ

• 1D: 0.06%
• 1M: -7.64%
• YTD: -8.94%
• 6M: -6.62%
• 1Y: -14.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ELIS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YQQQ vs. ELIS - Yearly Performance Comparison

	2026 (YTD)	2025
YQQQ YieldMax Short N100 Option Income Strategy ETF	-8.94%	-15.14%
ELIS Direxion Daily LLY Bear 1X Shares	11.37%	-29.46%

Correlation

The correlation between YQQQ and ELIS is 0.08, 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	0.08
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	0.17

Return for Risk

YQQQ vs. ELIS — Risk / Return Rank

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

YQQQ

YQQQ Risk / Return Rank: 1
YQQQ Sharpe Ratio Rank: 1
YQQQ Sortino Ratio Rank: 1
YQQQ Omega Ratio Rank: 1
YQQQ Calmar Ratio Rank: 3
YQQQ Martin Ratio Rank: 1

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.

YQQQ vs. ELIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Short N100 Option Income Strategy ETF (YQQQ) and Direxion Daily LLY Bear 1X Shares (ELIS). 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.

	YQQQ	ELIS	Difference
Sharpe ratio Return per unit of total volatility	-1.14	—	—
Sortino ratio Return per unit of downside risk	-1.55	—	—
Omega ratio Gain probability vs. loss probability	0.83	—	—
Calmar ratio Return relative to maximum drawdown	-0.69	—	—
Martin ratio Return relative to average drawdown	-1.68	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	YQQQ	ELIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.77	—	—

Drawdowns

Drawdown Indicators

	YQQQ	ELIS	Difference
Max Drawdown Largest peak-to-trough decline	-28.21%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-20.82%	—	—
Current Drawdown Current decline from peak	-28.17%	—	—
Average Drawdown Average peak-to-trough decline	-14.22%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	8.52%	—	—

Volatility

Volatility by Period

	YQQQ	ELIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.26%	—	—

YQQQ vs. ELIS - Expense Ratio Comparison

YQQQ has a 0.99% expense ratio, which is higher than ELIS's 0.97% expense ratio.

Dividends

YQQQ vs. ELIS - Dividend Comparison

YQQQ's dividend yield for the trailing twelve months is around 31.75%, more than ELIS's 5.26% yield.

Position	TTM	2025	2024
ELIS Direxion Daily LLY Bear 1X Shares	5.26%	5.86%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	31.75%	31.71%	7.88%

Frequently Asked Questions

Can I hold both YQQQ and ELIS in my portfolio?

YQQQ and ELIS have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YQQQ or ELIS?

On fees, ELIS is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YQQQ or ELIS?

ELIS is cheaper with a 0.97% expense ratio, compared with 0.99% for YQQQ.

Which ETF pays a higher dividend yield, YQQQ or ELIS?

YQQQ has the higher dividend yield at 31.75%, compared with 5.26% for ELIS.

What is the main difference between YQQQ and ELIS?

YQQQ is categorized as Derivative Income, while ELIS is Inverse Equities. They also come from different issuers: YieldMax and Direxion. Their fees differ too: 0.99% for YQQQ and 0.97% for ELIS.