ETF Evaluator: Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF (QQQY) Follow This ETF

Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF Overview

Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF (QQQY) is an actively managed Miscellaneous Trading--Miscellaneous exchange-traded fund (ETF). Defiance ETFs LLC launched the ETF in 2023.

The investment seeks current income; exposure to the performance of the Nasdaq 100 Index (the “Index”) is the secondary consideration. 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.

About Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF (QQQY)

There are 3 members of the management team with an average tenure of 1.37 years: Jay Pestrichelli (2023), Matt Brandt (2025) and Scott Snyder (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF has 7 securities in its portfolio. The top 10 holdings constitute 187.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF is part of the Other global asset class and is within the Miscellaneous ETF group. Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 184.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF has -85.1% of the portfolio in cash.

Assets Under Management

The fund has $180 million in total assets, which is above the $78 million average for the Trading--Miscellaneous category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

QQQY Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF expense ratio is high compared to funds in the Trading--Miscellaneous category. Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF has an expense ratio of 1.01%, which is 3% lower than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF has a portfolio turnover rate of 9%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 46% for the Trading--Miscellaneous category.

Recently, in the month of July 2026, Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF returned -6.1%, which earned it a grade of F, as the Trading--Miscellaneous category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF has a trailing yield of 22.37%, which is below the 68.32% category average. The fund normally distributes its income weekly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF Grades

Year to date, the ETF has returned 10.3%, 15.3 percentage points better than the category, which translates into a grade of B. The fund has returned 17.8% over the past year (grade of B).

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