QLDY vs FMNY
Comparison between DEFIANCE NASDAQ 100 LIGHTNINGSPREAD(TM) INCOME ETF (QLDY, ETF) and FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF (FMNY, ETF).
QLDY vs FMNY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
QLDY vs FMNY - Historical Returns
Returns include dividend reinvestment.
QLDY vs FMNY - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | QLDY | FMNY |
|---|---|---|
| 2026 | +18.09% | +1.89% |
| 2025 | +1.48% | +3.79% |
| 2024 | N/A | +1.79% |
| 2023 | N/A | +6.08% |
| 2022 | N/A | -10.52% |
| 2021 | N/A | +1.60% |
QLDY vs FMNY Drawdown Comparison
The maximum drawdown for QLDY was -17.44%, occurring on Mar 30, 2026. Recovery took 121 trading sessions.
The maximum drawdown for FMNY was -15.90%, occurring on Oct 26, 2022. Recovery took 1090 trading sessions.
The current QLDY drawdown is -1.51%. The current FMNY drawdown is -0.68%.
| Rank | QLDY | FMNY |
|---|---|---|
| #1 | -17.44% Oct 29, 2025 - Apr 24, 2026 | -15.90% Jul 19, 2021 - Nov 18, 2025 |
| #2 | -7.85% Jun 2, 2026 - Jun 10, 2026 | -2.83% Feb 27, 2026 - Mar 24, 2026 |
| #3 | -3.79% Oct 9, 2025 - Oct 24, 2025 | -0.66% Jun 15, 2021 - Jul 8, 2021 |
| #4 | -3.39% May 14, 2026 - May 26, 2026 | -0.57% Nov 18, 2025 - Jan 5, 2026 |
| #5 | -1.91% Sep 22, 2025 - Oct 1, 2025 | -0.55% Jan 14, 2026 - Feb 3, 2026 |
| #6 | -1.04% Apr 27, 2026 - Apr 30, 2026 | -0.17% Feb 10, 2026 - Feb 17, 2026 |
| #7 | -0.85% May 11, 2026 - May 13, 2026 | -0.15% May 14, 2021 - May 20, 2021 |
| #8 | -0.55% Oct 2, 2025 - Oct 8, 2025 | -0.15% Jan 7, 2026 - Jan 14, 2026 |
| #9 | -0.25% May 1, 2026 - May 5, 2026 | -0.13% Jul 12, 2021 - Jul 19, 2021 |
| #10 | -0.02% May 6, 2026 - May 8, 2026 | -0.12% May 20, 2021 - May 24, 2021 |
| #11 | N/A | -0.10% May 24, 2021 - May 27, 2021 |
| #12 | N/A | -0.04% Feb 18, 2026 - Feb 23, 2026 |
| #13 | N/A | -0.04% Jan 5, 2026 - Jan 7, 2026 |
| #14 | N/A | -0.04% Feb 4, 2026 - Feb 6, 2026 |
Correlation
Correlation between QLDY and FMNY is 0.40 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
Dividend Comparison (2021 - 2026)
QLDY vs FMNY dividend yield comparison.
| Year | QLDY | FMNY |
|---|---|---|
| 2026 | 13.10% | 1.56% |
| 2025 | 9.34% | 3.64% |
| 2024 | 0.00% | 3.56% |
| 2023 | 0.00% | 3.25% |
| 2022 | 0.00% | 2.34% |
| 2021 | 0.00% | 0.72% |
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