YQQQ vs. QQQ
YQQQ (YieldMax Short N100 Option Income Strategy ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - YQQQ is a Derivative Income fund actively managed by YieldMax, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. YQQQ is actively managed, while QQQ is passively managed. Over the past year, YQQQ returned -5.69% vs 24.81% for QQQ. Their -0.95 correlation means they have often moved in opposite directions in the past. YQQQ charges 0.99%/yr vs 0.18%/yr for QQQ.
Performance
YQQQ vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, YQQQ achieves a -2.27% return, which is significantly lower than QQQ's 12.26% return.
YQQQ
- 1D
- -0.25%
- 1M
- 3.85%
- 6M
- -3.32%
- YTD
- -2.27%
- 1Y
- -5.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -8.84%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.32B | $28.40B | $31.45B | |
| $672.47K | $456.85K | $596.52K |
YQQQ vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YQQQ YieldMax Short N100 Option Income Strategy ETF | -2.27% | -9.97% | -5.17% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 10.81% |
Correlation
The correlation between YQQQ and QQQ is -0.96, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024 | -0.95 |
The correlation between YQQQ and QQQ has been stable across timeframes, ranging from -0.96 to -0.95 - a consistent structural relationship.
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Return for Risk
YQQQ vs. QQQ — Risk / Return Rank
YQQQ
QQQ
YQQQ vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short N100 Option Income Strategy ETF (YQQQ) and Invesco QQQ ETF (QQQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| YQQQ | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.21 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.88 | -2.08 |
| Martin ratioReturn relative to average drawdown | -0.44 | 6.00 | -6.44 |
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Drawdowns
YQQQ vs. QQQ - Drawdown Comparison
The maximum YQQQ drawdown since its inception was -29.10%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for YQQQ and QQQ.
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Drawdown Indicators
| YQQQ | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.10% | -82.97% | +53.87% |
Max Drawdown (1Y)Largest decline over 1 year | -21.80% | -11.96% | -9.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -22.91% | -7.69% | -15.22% |
Average DrawdownAverage peak-to-trough decline | -15.15% | -32.62% | +17.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.05% | 3.74% | +6.31% |
Volatility
YQQQ vs. QQQ - Volatility Comparison
The current volatility for YieldMax Short N100 Option Income Strategy ETF (YQQQ) is 4.48%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that YQQQ experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YQQQ | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 6.87% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 16.08% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 19.38% | -5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 22.90% | -6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 22.50% | -5.96% |
YQQQ vs. QQQ - Expense Ratio Comparison
YQQQ has a 0.99% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
YQQQ vs. QQQ - Dividend Comparison
YQQQ's dividend yield for the trailing twelve months is around 28.92%, more than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 28.92% | 31.71% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YQQQ and QQQ have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (6.87%) compared to YQQQ (4.48%). In terms of maximum drawdown, YQQQ dropped -29.10% vs QQQ's -82.97%.
On 1-year performance, QQQ leads with 24.81% vs -5.69% for YQQQ. On fees, QQQ is cheaper at 0.18% per year. On volatility, YQQQ has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQ has performed better with a 24.81% return vs -5.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.99% for YQQQ.
YQQQ has the higher dividend yield at 28.92%, compared with 0.44% for QQQ.
YQQQ is categorized as Derivative Income, while QQQ is Nasdaq-100. They also come from different issuers: YieldMax and Invesco. Their fees differ too: 0.99% for YQQQ and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (1.16 vs -0.31), 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.
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