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

Correlation

The correlation between ZIVB and QQQY is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

ZIVB vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
11.48%
19.05%
ZIVB
QQQY

Key characteristics

Sharpe Ratio

ZIVB:

0.30

QQQY:

1.03

Sortino Ratio

ZIVB:

0.59

QQQY:

1.25

Omega Ratio

ZIVB:

1.09

QQQY:

1.19

Calmar Ratio

ZIVB:

0.36

QQQY:

1.26

Martin Ratio

ZIVB:

1.18

QQQY:

4.43

Ulcer Index

ZIVB:

8.18%

QQQY:

2.87%

Daily Std Dev

ZIVB:

31.85%

QQQY:

12.29%

Max Drawdown

ZIVB:

-27.26%

QQQY:

-10.07%

Current Drawdown

ZIVB:

-14.38%

QQQY:

-3.37%

Returns By Period

In the year-to-date period, ZIVB achieves a 4.87% return, which is significantly lower than QQQY's 11.04% return.


ZIVB

YTD

4.87%

1M

-6.82%

6M

-9.55%

1Y

7.92%

5Y*

N/A

10Y*

N/A

QQQY

YTD

11.04%

1M

-0.08%

6M

1.26%

1Y

12.09%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

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


ZIVB vs. QQQY - Expense Ratio Comparison

ZIVB has a 1.35% expense ratio, which is higher than QQQY's 0.99% expense ratio.


ZIVB
-1x Short VIX Mid-Term Futures Strategy ETF
Expense ratio chart for ZIVB: current value at 1.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.35%
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

ZIVB vs. QQQY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) 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
The chart of Sharpe ratio for ZIVB, currently valued at 0.30, compared to the broader market0.002.004.000.301.03
The chart of Sortino ratio for ZIVB, currently valued at 0.59, compared to the broader market-2.000.002.004.006.008.0010.000.591.25
The chart of Omega ratio for ZIVB, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.001.091.19
The chart of Calmar ratio for ZIVB, currently valued at 0.36, compared to the broader market0.005.0010.0015.000.361.26
The chart of Martin ratio for ZIVB, currently valued at 1.18, compared to the broader market0.0020.0040.0060.0080.00100.001.184.43
ZIVB
QQQY

The current ZIVB Sharpe Ratio is 0.30, which is lower than the QQQY Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of ZIVB and QQQY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17Nov 24DecemberDec 08Dec 15
0.30
1.03
ZIVB
QQQY

Dividends

ZIVB vs. QQQY - Dividend Comparison

ZIVB's dividend yield for the trailing twelve months is around 29.25%, less than QQQY's 85.25% yield.


TTM2023
ZIVB
-1x Short VIX Mid-Term Futures Strategy ETF
29.25%0.55%
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
85.25%20.64%

Drawdowns

ZIVB vs. QQQY - Drawdown Comparison

The maximum ZIVB drawdown since its inception was -27.26%, which is greater than QQQY's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for ZIVB and QQQY. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-14.38%
-3.37%
ZIVB
QQQY

Volatility

ZIVB vs. QQQY - Volatility Comparison

-1x Short VIX Mid-Term Futures Strategy ETF (ZIVB) has a higher volatility of 12.18% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.07%. This indicates that ZIVB'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.


0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
12.18%
4.07%
ZIVB
QQQY
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab