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Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) Sharpe Ratio: 1.43

ETF · Currency in USD · Last updated Aug 2, 2026

QYLG is a passive ETF by Global X tracking the investment results of the CBOE Nasdaq-100 BuyWrite V2 Index. QYLG launched on Sep 18, 2020 and has a 0.60% expense ratio.

QYLG's Sharpe Ratio of 1.43 indicates that for each unit of volatility, it generates 1.43 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

QYLG Sharpe Ratio Rank

QYLG Sharpe Ratio Rank: 61.662
Above Average

QYLG ranks above 61.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

QYLG Sharpe Ratio Market Positioning

The chart shows QYLG's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.56 or lower
  • Yellow zone (middle 50%): 0.56 to 1.74
  • Green zone (top 25%): 1.74 or higher
  • Top 1%: 6.36+
  • Median: 1.25 — half of all investments score higher

How it compares to other similar ETFs

The table compares Global X Nasdaq 100 Covered Call & Growth ETF's Sharpe Ratio with other ETFs in the Nasdaq-100, Derivative Income category across multiple time periods, showing how QYLG's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 2, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NAPRInnovator Nasdaq-100 Power Buffer ETF - April3.05
PQAPPGIM Nasdaq-100 Buffer 12 ETF - April2.98
QBProShares Nasdaq-100 Dynamic Daily Buffer ETF2.79
THTASoFi Enhanced Yield ETF2.75
QMARFT Cboe Vest Nasdaq-100 Buffer ETF - March2.55
GOOWRoundhill GOOGL WeeklyPay™ ETF2.54
XYLDGlobal X S&P 500 Covered Call ETF2.53
GOOYYieldMax GOOGL Option Income Strategy ETF2.44
PBPInvesco S&P 500 BuyWrite ETF2.42
CHPYYieldMax Semiconductor Portfolio Option Income ETF2.41
QYLGGlobal X Nasdaq 100 Covered Call & Growth ETF1.43
Benchmark

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Time Period

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Historical Sharpe Ratio

The chart shows QYLG's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when QYLG consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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