AB vs. QYLD
AB (AllianceBernstein Holding L.P.) is a stock, while QYLD (Global X NASDAQ 100 Covered Call ETF) is Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Over the past 10 years, AB returned 14.22%/yr vs 9.99%/yr for QYLD. At a 0.39 correlation, their price movements are largely independent.
Performance
AB vs. QYLD - Performance Comparison
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Returns By Period
In the year-to-date period, AB achieves a -2.75% return, which is significantly lower than QYLD's 7.89% return. Over the past 10 years, AB has outperformed QYLD with an annualized return of 14.22%, while QYLD has yielded a comparatively lower 9.99% annualized return.
AB
- 1D
- -0.50%
- 1M
- -5.67%
- YTD
- -2.75%
- 6M
- -3.65%
- 1Y
- -2.34%
- 3Y*
- 13.55%
- 5Y*
- 3.45%
- 10Y*
- 14.22%
QYLD
- 1D
- -1.97%
- 1M
- 1.41%
- YTD
- 7.89%
- 6M
- 7.59%
- 1Y
- 22.55%
- 3Y*
- 13.99%
- 5Y*
- 8.26%
- 10Y*
- 9.99%
AB vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AB AllianceBernstein Holding L.P. | -2.75% | 13.36% | 30.40% | -2.29% | -23.46% | 56.27% | 23.00% | 19.85% | 21.04% | 16.76% |
QYLD Global X NASDAQ 100 Covered Call ETF | 7.89% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
Correlation
The correlation between AB and QYLD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.39 |
The correlation between AB and QYLD shifts across timeframes, from 0.23 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AB vs. QYLD — Risk / Return Rank
AB
QYLD
AB vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianceBernstein Holding L.P. (AB) and Global X NASDAQ 100 Covered Call ETF (QYLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AB | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.44 | ||
| Sortino ratioReturn per unit of downside risk | -3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.52 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 4.56 | -4.72 |
| Martin ratioReturn relative to average drawdown | -0.33 | 25.38 | -25.71 |
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Drawdowns
AB vs. QYLD - Drawdown Comparison
The maximum AB drawdown since its inception was -87.65%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for AB and QYLD.
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Drawdown Indicators
| AB | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.65% | -24.75% | -62.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.68% | -4.97% | -9.71% |
Max Drawdown (3Y)Largest decline over 3 years | -20.59% | -19.06% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -45.76% | -24.61% | -21.15% |
Max Drawdown (10Y)Largest decline over 10 years | -58.08% | -24.75% | -33.33% |
Current DrawdownCurrent decline from peak | -12.57% | -2.10% | -10.47% |
Average DrawdownAverage peak-to-trough decline | -26.19% | -3.82% | -22.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.03% | 0.89% | +6.14% |
Volatility
AB vs. QYLD - Volatility Comparison
The current volatility for AllianceBernstein Holding L.P. (AB) is 3.69%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 4.78%. This indicates that AB experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AB | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 4.78% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 17.88% | 8.50% | +9.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.28% | 9.70% | +12.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.19% | 14.84% | +13.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.38% | 15.56% | +16.82% |
Dividends
AB vs. QYLD - Dividend Comparison
AB's dividend yield for the trailing twelve months is around 9.53%, less than QYLD's 11.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AB AllianceBernstein Holding L.P. | 9.53% | 9.02% | 8.03% | 8.44% | 10.30% | 7.33% | 8.26% | 7.67% | 10.54% | 8.50% | 7.46% | 8.09% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.68% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
Frequently Asked Questions
AB and QYLD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QYLD has higher volatility (4.78%) compared to AB (3.69%). In terms of maximum drawdown, AB dropped -87.65% vs QYLD's -24.75%.
QYLD currently has the higher Sharpe Ratio (2.34 vs -0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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