ARI vs. QYLD

Last updated Apr 2, 2026

Compare and contrast key facts about Apollo Commercial Real Estate Finance, Inc. (ARI) and Global X NASDAQ 100 Covered Call ETF (QYLD).

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.

Performance

ARI vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Apollo Commercial Real Estate Finance, Inc. (ARI) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

ARI vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARI Apollo Commercial Real Estate Finance, Inc.	11.42%	23.83%	-16.51%	24.46%	-7.12%	29.66%	-29.03%	21.15%	-0.03%	22.51%
QYLD Global X NASDAQ 100 Covered Call ETF	0.61%	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, ARI achieves a 11.42% return, which is significantly higher than QYLD's 0.61% return. Over the past 10 years, ARI has underperformed QYLD with an annualized return of 7.39%, while QYLD has yielded a comparatively higher 8.96% annualized return.

ARI

• 1D: -0.28%
• 1M: 1.09%
• YTD: 11.42%
• 6M: 9.33%
• 1Y: 21.50%
• 3Y*: 16.85%
• 5Y*: 5.77%
• 10Y*: 7.39%

QYLD

• 1D: 0.58%
• 1M: -1.11%
• YTD: 0.61%
• 6M: 7.46%
• 1Y: 16.36%
• 3Y*: 13.19%
• 5Y*: 7.01%
• 10Y*: 8.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ARI vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARI

ARI Risk / Return Rank: 67
ARI Sharpe Ratio Rank: 70
ARI Sortino Ratio Rank: 65
ARI Omega Ratio Rank: 63
ARI Calmar Ratio Rank: 67
ARI Martin Ratio Rank: 72

QYLD

QYLD Risk / Return Rank: 68
QYLD Sharpe Ratio Rank: 54
QYLD Sortino Ratio Rank: 61
QYLD Omega Ratio Rank: 79
QYLD Calmar Ratio Rank: 59
QYLD Martin Ratio Rank: 85

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.

ARI vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Apollo Commercial Real Estate Finance, Inc. (ARI) 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.

	ARI	QYLD	Difference
Sharpe ratio Return per unit of total volatility	0.89	1.00	-0.11
Sortino ratio Return per unit of downside risk	1.42	1.61	-0.20
Omega ratio Gain probability vs. loss probability	1.18	1.31	-0.14
Calmar ratio Return relative to maximum drawdown	1.29	1.57	-0.27
Martin ratio Return relative to average drawdown	4.08	10.32	-6.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARI vs. QYLD - Sharpe Ratio Comparison

The current ARI Sharpe Ratio is 0.89, which is comparable to the QYLD Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of ARI 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.

Sharpe Ratios by Period

	ARI	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	1.00	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.47	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.58	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.56	-0.35

Correlation

The correlation between ARI and QYLD is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ARI vs. QYLD - Dividend Comparison

ARI's dividend yield for the trailing twelve months is around 9.50%, less than QYLD's 11.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARI Apollo Commercial Real Estate Finance, Inc.	9.50%	10.33%	13.86%	11.93%	13.01%	10.64%	12.98%	10.06%	11.04%	9.97%	11.07%	10.33%
QYLD Global X NASDAQ 100 Covered Call ETF	11.85%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%

Drawdowns

ARI vs. QYLD - Drawdown Comparison

The maximum ARI drawdown since its inception was -77.39%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for ARI and QYLD.

Drawdown Indicators

	ARI	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-77.39%	-24.75%	-52.64%
Max Drawdown (1Y) Largest decline over 1 year	-15.82%	-10.84%	-4.98%
Max Drawdown (5Y) Largest decline over 5 years	-41.62%	-24.61%	-17.01%
Max Drawdown (10Y) Largest decline over 10 years	-77.39%	-24.75%	-52.64%
Current Drawdown Current decline from peak	-1.50%	-1.84%	+0.34%
Average Drawdown Average peak-to-trough decline	-8.97%	-3.89%	-5.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.30%	1.65%	+3.65%

Volatility

ARI vs. QYLD - Volatility Comparison

Apollo Commercial Real Estate Finance, Inc. (ARI) has a higher volatility of 6.87% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 4.90%. This indicates that ARI's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARI	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.87%	4.90%	+1.97%
Volatility (6M) Calculated over the trailing 6-month period	14.87%	7.50%	+7.37%
Volatility (1Y) Calculated over the trailing 1-year period	24.20%	16.43%	+7.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.93%	14.84%	+16.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.95%	15.51%	+28.44%