QLDY vs SPY
Comparison between DEFIANCE NASDAQ 100 LIGHTNINGSPREAD(TM) INCOME ETF (QLDY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
QLDY vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QLDY
$39M
Winner
SPY
$784B
Expense Ratio
QLDY
1.04%
Winner
SPY
0.09%
Max Drawdown
Winner
QLDY
27.93%
SPY
56.47%
Sharpe Ratio
QLDY
0.90
Winner
SPY
1.67
5Y Beta
QLDY
1.47
Winner
SPY
1.00
P/E Ratio
QLDY
N/A
SPY
29.17
Forward P/E
QLDY
N/A
SPY
21.89
5Y Dividends CAGR
QLDY
N/A
SPY
5.43%
5Y EPS CAGR
QLDY
N/A
SPY
26.36%
Debt to Equity
QLDY
N/A
SPY
32.38%
P/S Ratio
QLDY
N/A
SPY
3.79
P/B Ratio
QLDY
N/A
SPY
5.68
QLDY vs SPY - Holdings Comparison
QLDY and SPY have 0 common holdings. Overlap is 0.00%
QLDY's top 25 holdings weight is 5.64%. SPY's top 25 holdings weight is 52.46%.
| Rank | QLDY | SPY |
|---|---|---|
| #1 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 5.64% | NVIDIA CORP (NVDA) - 8.30% |
| #2 | N/A | APPLE INC (AAPL) - 7.09% |
| #3 | N/A | MICROSOFT CORP (MSFT) - 5.02% |
| #4 | N/A | AMAZON.COM INC (AMZN) - 3.84% |
| #5 | N/A | BROADCOM INC (AVGO) - 3.50% |
| #6 | N/A | ALPHABET INC CLASS A (GOOGL) - 3.23% |
| #7 | N/A | ALPHABET INC CLASS C (GOOG) - 2.57% |
| #8 | N/A | META PLATFORMS INC CLASS A (META) - 2.00% |
| #9 | N/A | MICRON TECHNOLOGY INC (MU) - 1.84% |
| #10 | N/A | TESLA INC (TSLA) - 1.83% |
| #11 | N/A | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.32% |
| #12 | N/A | ADVANCED MICRO DEVICES INC (AMD) - 1.30% |
| #13 | N/A | ELI LILLY AND CO (LLY) - 1.29% |
| #14 | N/A | JPMORGAN CHASE & CO (JPM) - 1.24% |
| #15 | N/A | EXXON MOBIL CORP (XOM) - 0.96% |
| #16 | N/A | JOHNSON & JOHNSON (JNJ) - 0.82% |
| #17 | N/A | VISA INC CLASS A (V) - 0.82% |
| #18 | N/A | INTEL CORP (INTC) - 0.78% |
| #19 | N/A | CISCO SYSTEMS INC (CSCO) - 0.77% |
| #20 | N/A | WALMART INC (WMT) - 0.76% |
| #21 | N/A | COSTCO WHOLESALE CORP (COST) - 0.65% |
| #22 | N/A | CATERPILLAR INC (CAT) - 0.65% |
| #23 | N/A | ORACLE CORP (ORCL) - 0.64% |
| #24 | N/A | LAM RESEARCH CORP (LRCX) - 0.64% |
| #25 | N/A | APPLIED MATERIALS INC (AMAT) - 0.60% |
| Total Holdings | 1 | 505 |
QLDY vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
QLDY
+0.35%
SPY
+0.22%
3M
Winner
QLDY
+18.10%
SPY
+9.29%
6M
Winner
QLDY
+11.04%
SPY
+8.75%
1Y
QLDY
N/A
SPY
+24.68%
5Y(CAGR)
QLDY
N/A
SPY
+13.40%
10Y(CAGR)
QLDY
N/A
SPY
+15.16%
Max(CAGR)
Winner
QLDY
+21.79%
SPY
+8.48%
QLDY vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | QLDY | SPY |
|---|---|---|
| 2026 | +14.29% | +8.50% |
| 2025 | +1.48% | +18.00% |
| 2024 | N/A | +25.59% |
| 2023 | N/A | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
QLDY vs SPY Drawdown Comparison
The maximum drawdown for QLDY was -17.44%, occurring on Mar 30, 2026. Recovery took 121 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current QLDY drawdown is -4.68%. The current SPY drawdown is -2.68%.
| Rank | QLDY | SPY |
|---|---|---|
| #1 | -17.44% Oct 29, 2025 - Apr 24, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -5.97% Jun 2, 2026 - Jun 5, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -3.79% Oct 9, 2025 - Oct 24, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -3.39% May 14, 2026 - May 26, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -1.91% Sep 22, 2025 - Oct 1, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -1.04% Apr 27, 2026 - Apr 30, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -0.85% May 11, 2026 - May 13, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -0.55% Oct 2, 2025 - Oct 8, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -0.25% May 1, 2026 - May 5, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -0.02% May 6, 2026 - May 8, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | N/A | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | N/A | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | N/A | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | N/A | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | N/A | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between QLDY and SPY is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (1999 - 2026)
QLDY vs SPY dividend yield comparison.
| Year | QLDY | SPY |
|---|---|---|
| 2026 | 13.10% | 0.24% |
| 2025 | 9.34% | 1.07% |
| 2024 | 0.00% | 1.21% |
| 2023 | 0.00% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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