Tidal Trust II Defiance Nasdaq 100 Enhanced Options Income ETF
Snapshot*
Top 10 Holdings
What is QQQY?
QQQY, the first put-write ETF using daily options (0DTE) to seek enhanced income for investors. QQQY aims to achieve consistent and outsized monthly yield distributions for investors coupled with equity market exposure to the Nasdaq-100. QQQY is an actively managed exchange-traded fund ("ETF") that seeks enhanced income, constructed of treasuries and Nasdaq-100 index options. The strategy's objective is to generate outsized monthly distributions by selling option premium on a daily basis. The fund uses daily options to realize rapid time decay by selling in the money puts with ODTE. The Fund's primary investment objective is to seek current income. The Fund's secondary investment objective is to seek exposure to the performance of the Nasdaq 100 Index (the "Index") subject to a limit on potential investment gains.
QQQYPerformance Measures**
for the time period Sep 14, 2023 to Aug 27, 2026
1M Trailing Return: 5.8%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: -0.8%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -19.0%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 15.7%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 1.02
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.84
The annualized return divided by the max drawdown for the selected time period.
ETFs related toQQQY
ETFs correlated to QQQY include FV, QTUM, FXL
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toQQQY
AI & Digital Currency Revolution
Category
Crypto, Bitcoin, Semiconductors, AI, Leveraged ETFs, Options Income, Covered Calls, High Yield, Growth, Income, Daily Rebalance
OOS Cumulative Return
172.94%
BTC DCA Beast | Deez | 12JAN2024
Category
Crypto, Bitcoin exposure, Options-income ETF, Nasdaq-100 link, Monthly rebalance, High-yield distributions
OOS Cumulative Return
79.77%
Create your own algorithmic trading strategy with QQQY using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.