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ALTY vs. QYLD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ALTY vs. QYLD

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Alternative Income ETF (ALTY) and Global X NASDAQ 100 Covered Call ETF (QYLD).

ALTY and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ALTY is a passively managed fund by Global X that tracks the performance of the Indxx SuperDividend Alternatives Index. It was launched on Jul 14, 2015. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. Both ALTY and QYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ALTY vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Alternative Income ETF (ALTY) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

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ALTY vs. QYLD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ALTY
Global X Alternative Income ETF		2.00%11.07%10.88%10.58%-11.92%23.08%-12.82%21.44%-6.18%10.82%
QYLD
Global X NASDAQ 100 Covered Call ETF		0.02%9.28%19.35%22.77%-19.08%10.41%8.72%22.69%-3.07%18.79%

Returns By Period

In the year-to-date period, ALTY achieves a 2.00% return, which is significantly higher than QYLD's 0.02% return. Over the past 10 years, ALTY has underperformed QYLD with an annualized return of 6.25%, while QYLD has yielded a comparatively higher 8.89% annualized return.

ALTY

1D
0.92%
1M
-3.20%
YTD
2.00%
6M
5.15%
1Y
10.74%
3Y*
10.06%
5Y*
6.33%
10Y*
6.25%

QYLD

1D
2.69%
1M
-1.52%
YTD
0.02%
6M
7.09%
1Y
16.31%
3Y*
12.97%
5Y*
6.88%
10Y*
8.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Alternative Income ETF

Global X NASDAQ 100 Covered Call ETF

Often compared with ALTY:
ALTY vs. GWPAXALTY vs. SDEMALTY vs. DFEALTY vs. SPYALTY vs. RFEMALTY vs. MVRLALTY vs. DIV
Often compared with QYLD:
QYLD vs. JEPQQYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLG

ALTY vs. QYLD - Expense Ratio Comparison

ALTY has a 0.50% expense ratio, which is lower than QYLD's 0.60% expense ratio.

QYLD
Global X NASDAQ 100 Covered Call ETF
ALTY
Global X Alternative Income ETF

Return for Risk

ALTY vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ALTY
ALTY Risk / Return Rank: 6464
Overall Rank
ALTY Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
ALTY Sortino Ratio Rank: 6262
Sortino Ratio Rank
ALTY Omega Ratio Rank: 7373
Omega Ratio Rank
ALTY Calmar Ratio Rank: 5252
Calmar Ratio Rank
ALTY Martin Ratio Rank: 6868
Martin Ratio Rank
QYLD
QYLD Risk / Return Rank: 7272
Overall Rank
QYLD Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 6767
Sortino Ratio Rank
QYLD Omega Ratio Rank: 8383
Omega Ratio Rank
QYLD Calmar Ratio Rank: 6565
Calmar Ratio Rank
QYLD Martin Ratio Rank: 8787
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALTY vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Alternative Income ETF (ALTY) 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.

ALTYQYLDDifference

Sharpe ratio

Return per unit of total volatility

1.11

1.00

+0.12

Sortino ratio

Return per unit of downside risk

1.54

1.61

-0.07

Omega ratio

Gain probability vs. loss probability

1.27

1.31

-0.05

Calmar ratio

Return relative to maximum drawdown

1.27

1.51

-0.24

Martin ratio

Return relative to average drawdown

6.72

9.98

-3.26

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALTY vs. QYLD - Sharpe Ratio Comparison

The current ALTY Sharpe Ratio is 1.11, which is comparable to the QYLD Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of ALTY and QYLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ALTYQYLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.11

1.00

+0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.47

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.38

0.58

-0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.32

0.55

-0.24

Correlation

The correlation between ALTY and QYLD is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ALTY vs. QYLD - Dividend Comparison

ALTY's dividend yield for the trailing twelve months is around 7.51%, less than QYLD's 11.92% yield.

TTM20252024202320222021202020192018201720162015
ALTY
Global X Alternative Income ETF		7.51%7.50%7.88%7.31%7.66%6.88%9.20%8.74%8.49%7.52%8.20%4.21%
QYLD
Global X NASDAQ 100 Covered Call ETF		11.92%11.55%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%

Drawdowns

ALTY vs. QYLD - Drawdown Comparison

The maximum ALTY drawdown since its inception was -51.47%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for ALTY and QYLD.

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Drawdown Indicators

ALTYQYLDDifference

Max Drawdown

Largest peak-to-trough decline

-51.47%

-24.75%

-26.72%

Max Drawdown (1Y)

Largest decline over 1 year

-8.52%

-10.84%

+2.32%

Max Drawdown (5Y)

Largest decline over 5 years

-18.48%

-24.61%

+6.13%

Max Drawdown (10Y)

Largest decline over 10 years

-51.47%

-24.75%

-26.72%

Current Drawdown

Current decline from peak

-3.46%

-2.41%

-1.05%

Average Drawdown

Average peak-to-trough decline

-6.85%

-3.89%

-2.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

1.64%

-0.03%

Volatility

ALTY vs. QYLD - Volatility Comparison

The current volatility for Global X Alternative Income ETF (ALTY) is 2.90%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 4.90%. This indicates that ALTY 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

ALTYQYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.90%

4.90%

-2.00%

Volatility (6M)

Calculated over the trailing 6-month period

4.65%

7.48%

-2.83%

Volatility (1Y)

Calculated over the trailing 1-year period

9.68%

16.42%

-6.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.77%

14.84%

-4.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.63%

15.51%

+1.12%