- Issuer
- Global X
- Inception Date
- Nov 22, 2022
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Global X NASDAQ 100 Covered Call UCITS ETF
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
QYLD.L Performance Chart
Global X NASDAQ 100 Covered Call UCITS ETF (QYLD.L) is up 7.3% since the beginning of the year. QYLD.L is currently trading at $17 per share.
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Returns By Period
Global X NASDAQ 100 Covered Call UCITS ETF (QYLD.L) has returned 7.25% so far this year and 19.10% over the past 12 months.
Global X NASDAQ 100 Covered Call UCITS ETF
- 1D
- -0.53%
- 1M
- -0.10%
- 6M
- 6.26%
- YTD
- 7.25%
- 1Y
- 19.10%
- 3Y*
- 12.76%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
QYLD.L Monthly Returns History
Based on dividend-adjusted daily data since Nov 22, 2022, QYLD.L's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, an investment would double in approximately 4.8 years.
Historically, 71% of months were positive and 29% were negative. The best month was Jan 2023 with a return of +7.4%, while the worst month was Mar 2025 at -5.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QYLD.L closed higher 54% of trading days. The best single day was Feb 20, 2023 with a return of +13.8%, while the worst single day was Feb 21, 2023 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.21% | -0.60% | -2.90% | 5.99% | 3.22% | 1.28% | -0.91% | 7.25% | |||||
| 2025 | 1.89% | -3.97% | -5.85% | 0.25% | -0.39% | 2.96% | -0.34% | 1.22% | 2.30% | 4.01% | 1.53% | 2.08% | 5.36% |
| 2024 | 2.03% | 1.80% | 2.00% | -1.56% | 0.95% | 2.46% | 0.60% | 4.36% | 0.29% | 0.69% | 5.36% | 3.56% | 24.77% |
| 2023 | 7.35% | 0.11% | 5.13% | 2.61% | 1.91% | 0.66% | 2.83% | -2.90% | -2.02% | -1.14% | 3.89% | 3.15% | 23.25% |
| 2022 | -0.53% | -1.59% | -2.11% |
Benchmark Metrics
Global X NASDAQ 100 Covered Call UCITS ETF has an annualized alpha of 5.12%, beta of 0.36, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since November 22, 2022.
- This ETF participated in 74.61% of S&P 500 Index downside but only 58.16% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.36 may look defensive, but with R2 of 0.13 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.13 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.12%
- Beta
- 0.36
- R²
- 0.13
- Upside Capture
- 58.16%
- Downside Capture
- 74.61%
Return for Risk
Risk / Return Rank
QYLD.L ranks 84 for risk / return — in the top 84% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call UCITS ETF (QYLD.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QYLD.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.31 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 2.35 | +1.70 |
| Martin ratioReturn relative to average drawdown | 18.18 | 10.19 | +7.99 |
Dividends
Dividend History
Global X NASDAQ 100 Covered Call UCITS ETF provided a 11.57% dividend yield over the last twelve months, with an annual payout of $1.94 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.94 | $1.92 | $2.20 | $1.78 |
Dividend yield | 11.57% | 11.41% | 12.28% | 10.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X NASDAQ 100 Covered Call UCITS ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.33 | $0.00 | $0.17 | $0.16 | $0.17 | $0.17 | $0.17 | $1.16 | |||||
| 2025 | $0.36 | $0.00 | $0.15 | $0.16 | $0.31 | $0.00 | $0.16 | $0.30 | $0.00 | $0.32 | $0.00 | $0.16 | $1.92 |
| 2024 | $0.15 | $0.16 | $0.33 | $0.00 | $0.31 | $0.00 | $0.15 | $0.33 | $0.00 | $0.34 | $0.34 | $0.09 | $2.20 |
| 2023 | $0.16 | $0.32 | $0.03 | $0.16 | $0.32 | $0.00 | $0.33 | $0.16 | $0.00 | $0.30 | $0.00 | $1.78 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X NASDAQ 100 Covered Call UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X NASDAQ 100 Covered Call UCITS ETF was 21.59%, occurring on Apr 7, 2025. Recovery took 167 trading sessions.
The current Global X NASDAQ 100 Covered Call UCITS ETF drawdown is 1.47%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-21.59%Apr 2025 | 1mo 18d | 8mo | 9mo 18dFeb 2025 - Dec 2025 | 2025 selloff2025 |
-7.65%Feb 2023 | 14d | 3d | 17dFeb 2023 - Feb 2023 | — |
-7.64%Aug 2024 | 1mo 9d | 10d | 1mo 19dJun 2024 - Aug 2024 | — |
-7.53%Mar 2023 | 9d | 1mo 27d | 2mo 6dFeb 2023 - Apr 2023 | — |
-7.02%Oct 2023 | 3mo 14d | 2mo 3d | 5mo 17dJul 2023 - Dec 2023 | — |
Drawdown Indicators
| QYLD.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -56.78% | +35.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -9.10% | +4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -18.90% | -2.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.47% | -0.49% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -10.70% | +7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.09% | -1.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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