^IBEX vs. QQQY
Compare and contrast key facts about IBEX 35 Index (^IBEX) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY).
QQQY is an actively managed fund by Defiance ETFs. It was launched on Sep 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^IBEX or QQQY.
Performance
^IBEX vs. QQQY - Performance Comparison
Returns By Period
In the year-to-date period, ^IBEX achieves a 15.57% return, which is significantly higher than QQQY's 10.02% return.
^IBEX
15.57%
-2.10%
2.96%
19.60%
4.73%
1.03%
QQQY
10.02%
-0.55%
5.30%
16.63%
N/A
N/A
Key characteristics
| ^IBEX | QQQY | |
|---|---|---|
| Sharpe Ratio | 1.35 | 1.44 |
| Sortino Ratio | 1.87 | 1.71 |
| Omega Ratio | 1.23 | 1.26 |
| Calmar Ratio | 0.46 | 1.70 |
| Martin Ratio | 6.64 | 6.04 |
| Ulcer Index | 2.63% | 2.83% |
| Daily Std Dev | 12.89% | 11.83% |
| Max Drawdown | -62.65% | -10.07% |
| Current Drawdown | -26.78% | -2.82% |
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Correlation
The correlation between ^IBEX and QQQY is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
^IBEX vs. QQQY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IBEX 35 Index (^IBEX) 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.
Drawdowns
^IBEX vs. QQQY - Drawdown Comparison
The maximum ^IBEX drawdown since its inception was -62.65%, which is greater than QQQY's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for ^IBEX and QQQY. For additional features, visit the drawdowns tool.
Volatility
^IBEX vs. QQQY - Volatility Comparison
IBEX 35 Index (^IBEX) has a higher volatility of 6.32% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.28%. This indicates that ^IBEX'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.