PNOV vs QQQY
Innovator US Equity Power Buffer ETF - November vs Defiance Nasdaq 100 Weekly Distribution ETF
Which is better, PNOV or QQQY?
QQQY has been ahead.
PNOV has a lower expense ratio. QQQY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PNOV | QQQY |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.01% |
| AUM | $838M | $192M |
| Dividend Yield | 0.00% | 33.38% |
| Holdings | 18 | 10 |
| YTD Return | +9.87% | +17.03%Best |
| 1Y Return | +11.76% | +20.86%Best |
| 3Y Return (annualized) | +11.02% | +28.44%Best |
| 5Y Return (annualized) | +8.54% | - |
| Volatility (annualized) | 6.1%Best | 15.4% |
| Max Drawdown | -10.3%Best | -12.6% |
| $10,000 over 3.1 years | $13,313 | $21,154Best |
| Fund Family | Innovator ETFs Trust | Defiance ETFs, LLC |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 31, 2019 | Sep 13, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 14, 2023 to Oct 14, 2026 (3.1 years).
PNOV vs QQQY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.1 years both funds cover.
PNOV vs QQQY Performance
Innovator US Equity Power Buffer ETF - November (PNOV) is an ETF from Innovator ETFs Trust and Defiance Nasdaq 100 Weekly Distribution ETF (QQQY) is an ETF from Defiance ETFs, LLC. Over the past year PNOV returned +11.76% while QQQY returned +20.86%. Year to date, PNOV is up 9.87% versus a gain of 17.03% for QQQY.
Over three years, PNOV compounded at +11.02% per year against +28.44% for QQQY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQY has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 6.1% for PNOV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -10.3% for PNOV and -12.6% for QQQY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PNOV charges 0.79% per year while QQQY charges 1.01%. On a $10,000 position that is $79 vs $101 annually, a gap of $22 per year that compounds over a long holding period. On income, PNOV currently yields 0.00% against 33.38% for QQQY.
You are not choosing between two funds in isolation.
Whichever of PNOV and QQQY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PNOV or QQQY?
PNOV has an expense ratio of 0.79% while QQQY charges 1.01%. PNOV is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, PNOV or QQQY?
Over the past year PNOV returned +11.76% vs +20.86% for QQQY, so QQQY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PNOV or QQQY?
QQQY has been the more volatile fund at 15.4% annualized versus 6.1% for PNOV. Worst drawdown: PNOV -10.3% vs QQQY -12.6%.
Should I hold both PNOV and QQQY?
PNOV and QQQY have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PNOV or QQQY?
PNOV yields 0.00% while QQQY yields 33.38%, so QQQY currently pays the higher dividend yield.
Is QQQY better than PNOV?
PNOV has a lower expense ratio. QQQY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.