Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/14/2025: QQQY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 8.04% | Avg. Invested days 46 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 20.71 - 26.50 | Updated Date 06/30/2025 |
52 Weeks Range 20.71 - 26.50 | Updated Date 06/30/2025 |
Upturn AI SWOT
Defiance Nasdaq 100 Enhanced Options Income ETF
ETF Overview
Overview
The Defiance Nasdaq 100 Enhanced Options Income ETF (QQQX) seeks to generate current income by investing in the Nasdaq 100 Index and employing a covered call strategy. The fund sells call options on a portion of its portfolio to generate income, potentially limiting upside participation in exchange for higher yield.
Reputation and Reliability
Defiance ETFs is a relatively new issuer focused on thematic and alternative ETFs. They have a growing presence in the market.
Management Expertise
The management team has experience in options strategies and ETF management.
Investment Objective
Goal
To provide current income while maintaining exposure to the Nasdaq 100 Index.
Investment Approach and Strategy
Strategy: The ETF invests in the Nasdaq 100 Index and employs a covered call strategy, selling call options on a portion of the portfolio.
Composition The ETF primarily holds stocks included in the Nasdaq 100 Index.
Market Position
Market Share: Data not readily available
Total Net Assets (AUM): 489000000
Competitors
Key Competitors
- Global X Nasdaq 100 Covered Call ETF (QYLD)
- NEOS Enhanced Income Cash Alternative ETF (CSHI)
- JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
Competitive Landscape
The covered call ETF market is becoming increasingly crowded. QQQX offers exposure to the Nasdaq 100 with an enhanced options strategy for higher income potential. QYLD is a larger competitor with a simpler covered call strategy. JEPQ and CSHI are newer entrants that offer different methods for income generation, leveraging derivatives and structured instruments for potentially greater flexibility and yield. QQQX faces competition from both passive and active covered call strategies.
Financial Performance
Historical Performance: Historical financial performance data unavailable in this response.
Benchmark Comparison: Benchmark comparison unavailable in this response.
Expense Ratio: 0.99
Liquidity
Average Trading Volume
QQQX's average trading volume suggests moderate liquidity, allowing for relatively easy entry and exit for most investors.
Bid-Ask Spread
QQQX's bid-ask spread indicates the cost of trading, which is generally tight but can widen during periods of high volatility.
Market Dynamics
Market Environment Factors
Economic indicators, technology sector growth prospects, and prevailing market volatility significantly impact QQQX. Rising interest rates and changes in the tech sector sentiment could affect the ETF's performance.
Growth Trajectory
The ETF's growth is tied to the Nasdaq 100 performance and the effectiveness of its options strategy. Changes in the options strategy and increased demand for income-generating ETFs could influence its growth trajectory.
Moat and Competitive Advantages
Competitive Edge
QQQX aims for enhanced income through a sophisticated options strategy within the Nasdaq 100. It offers a potential for higher income compared to simple covered call ETFs. Its relatively new status also creates a dynamic environment for growth and innovation. It differentiates itself with active management striving for optimal risk-adjusted returns through strategic options selection and management.
Risk Analysis
Volatility
The ETF's volatility is influenced by both the Nasdaq 100's volatility and the options strategy's sensitivity to market movements.
Market Risk
QQQX is exposed to market risk related to the Nasdaq 100, as well as risks associated with options trading, such as limited upside potential and potential losses from option positions.
Investor Profile
Ideal Investor Profile
The ideal investor for QQQX is someone seeking current income and exposure to the Nasdaq 100, willing to accept some limitation on potential upside in exchange for higher yield.
Market Risk
QQQX is suitable for investors looking for income generation, but it may not be suitable for purely passive index followers or those seeking maximum capital appreciation.
Summary
QQQX offers income-seeking investors exposure to the Nasdaq 100 through a covered call strategy. It aims to provide higher income than traditional dividend-paying stocks by selling call options. However, the covered call strategy can limit upside participation and involve risks associated with options trading. Investors should carefully consider their risk tolerance and investment goals before investing in QQQX. It is suited for income-focused portfolios with some allocation to growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Defiance ETFs website
- ETF.com
- Morningstar
Disclaimers:
This analysis is based on available data and should not be considered investment advice. Investors should conduct their own due diligence before investing.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Defiance Nasdaq 100 Enhanced Options Income ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund is an actively managed exchange-traded fund ("ETF") that seeks current income while maintaining the opportunity for indirect exposure to the value of the index, subject to a limit on potential gains from increases in the value of the index. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.