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ETFs

Tidal Trust II Defiance Nasdaq 100 Enhanced Options Income ETF

QQQY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 14 2023
Expense Ratio
0.99%
Type
US Equity Income
Fund Owner
Defiance ETFs
Volume (1m avg. daily)
—
AUM
$12,613,705
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.67%
n/a
XND US 09/25/23 P148
-0.05%
n/a
NDXP US 09/25/23 P14750
-0.53%
Invest with QQQY

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.

ETFs related toQQQY

ETFs correlated to QQQY include FV, QTUM, FXL

QQQY
Tidal Trust II - Defiance Nasdaq 100 Enhanced Options Income ETF
FV
First Trust Exchange-Traded Fund III - First Trust Dorsey Wright Focus 5 ETF
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
MTUM
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Momentum Factor ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
PDEC
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - December
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF

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.

FAQ

QQQY is a US Equity Income ETF. 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.

Yes, QQQY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, QQQY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QQQY is %. This is the percent change in the value of QQQY over the most recent 1-month period. The 3-month return on QQQY is %. This is the percent change in the value of QQQY over the most recent 3-month period.

ETFs similar to QQQY include PKW, VIXY, and XYLD.

ETFs correlated to QQQY include FV, QTUM, and FXL.

ETFs that are inversely correlated to QQQY include SQQQ, QID, and PSQ.

Disclaimers

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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.