ASEA vs. QYLD

Last updated Jun 4, 2026

ASEA (Global X FTSE Southeast Asia ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - ASEA is a Asia Pacific Equities fund tracking the FTSE/ASEAN 40 Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 10 years, ASEA returned 7.64%/yr vs 9.80%/yr for QYLD. At a 0.42 correlation, their price movements are largely independent. ASEA charges 0.65%/yr vs 0.60%/yr for QYLD.

Performance

ASEA vs. QYLD - Performance Comparison

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

Returns By Period

In the year-to-date period, ASEA achieves a 9.50% return, which is significantly higher than QYLD's 7.88% return. Over the past 10 years, ASEA has underperformed QYLD with an annualized return of 7.64%, while QYLD has yielded a comparatively higher 9.80% annualized return.

ASEA

• 1D: -0.69%
• 1M: 3.21%
• YTD: 9.50%
• 6M: 12.22%
• 1Y: 26.01%
• 3Y*: 14.54%
• 5Y*: 9.70%
• 10Y*: 7.64%

QYLD

• 1D: -0.06%
• 1M: 1.62%
• YTD: 7.88%
• 6M: 9.97%
• 1Y: 23.93%
• 3Y*: 13.80%
• 5Y*: 8.43%
• 10Y*: 9.80%

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

ASEA vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASEA Global X FTSE Southeast Asia ETF	9.50%	19.80%	9.82%	4.88%	5.24%	4.66%	-7.88%	8.34%	-7.58%	35.06%
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	9.28%	19.35%	22.77%	-19.08%	10.41%	8.72%	22.69%	-3.07%	18.79%

Correlation

The correlation between ASEA and QYLD is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Dec 13, 2013	0.42

ASEA vs. QYLD - Sectors Allocation Comparison

Sectors	ASEA	QYLD
Financial Services	58.6%	0.2%
Industrials	15.4%	2.8%
Communication Services	8.8%	15.8%
Utilities	4.4%	1.4%
Energy	3.5%	0.6%
Real Estate	2.8%	0.1%
Healthcare	2.3%	4.2%
Consumer Defensive	2.2%	7.7%
Basic Materials	2.1%	1.1%
Consumer Cyclical	-	12.3%
Technology	-	53.8%

Return for Risk

ASEA vs. QYLD — Risk / Return Rank

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

ASEA

ASEA Risk / Return Rank: 56
ASEA Sharpe Ratio Rank: 55
ASEA Sortino Ratio Rank: 56
ASEA Omega Ratio Rank: 53
ASEA Calmar Ratio Rank: 63
ASEA Martin Ratio Rank: 51

QYLD

QYLD Risk / Return Rank: 88
QYLD Sharpe Ratio Rank: 84
QYLD Sortino Ratio Rank: 85
QYLD Omega Ratio Rank: 92
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 94

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.

ASEA vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X FTSE Southeast Asia ETF (ASEA) 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.

	ASEA	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.80	-0.93
Sortino ratio: Return per unit of downside risk	2.74	3.92	-1.18
Omega ratio: Gain probability vs. loss probability	1.34	1.63	-0.30
Calmar ratio: Return relative to maximum drawdown	3.16	4.84	-1.68
Martin ratio: Return relative to average drawdown	8.72	28.36	-19.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASEA vs. QYLD - Sharpe Ratio Comparison

The current ASEA Sharpe Ratio is 1.87, which is lower than the QYLD Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of ASEA and QYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ASEA	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	2.80	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.58	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.63	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.59	-0.32

Drawdowns

ASEA vs. QYLD - Drawdown Comparison

The maximum ASEA drawdown since its inception was -44.16%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for ASEA and QYLD.

Drawdown Indicators

	ASEA	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-44.16%	-24.75%	-19.41%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-4.97%	-3.31%
Max Drawdown (3Y) Largest decline over 3 years	-22.20%	-19.06%	-3.14%
Max Drawdown (5Y) Largest decline over 5 years	-22.20%	-24.61%	+2.41%
Max Drawdown (10Y) Largest decline over 10 years	-44.16%	-24.75%	-19.41%
Current Drawdown Current decline from peak	-2.81%	-0.06%	-2.75%
Average Drawdown Average peak-to-trough decline	-10.66%	-3.84%	-6.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	0.85%	+2.14%

Volatility

ASEA vs. QYLD - Volatility Comparison

Global X FTSE Southeast Asia ETF (ASEA) has a higher volatility of 3.40% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.85%. This indicates that ASEA'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

	ASEA	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	1.85%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	11.20%	7.12%	+4.08%
Volatility (1Y) Calculated over the trailing 1-year period	14.01%	8.58%	+5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.66%	14.70%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	15.49%	+2.10%

ASEA vs. QYLD - Expense Ratio Comparison

ASEA has a 0.65% expense ratio, which is higher than QYLD's 0.60% expense ratio.

Dividends

ASEA vs. QYLD - Dividend Comparison

ASEA's dividend yield for the trailing twelve months is around 3.61%, less than QYLD's 11.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASEA Global X FTSE Southeast Asia ETF	3.61%	3.95%	3.61%	3.76%	2.23%	4.19%	2.27%	2.51%	3.08%	1.59%	2.78%	3.64%
QYLD Global X NASDAQ 100 Covered Call ETF	11.46%	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

Can I hold both ASEA and QYLD in my portfolio?

ASEA and QYLD have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASEA or QYLD?

ASEA has higher volatility (3.40%) compared to QYLD (1.85%). In terms of maximum drawdown, ASEA dropped -44.16% vs QYLD's -24.75%.

Which ETF is better, ASEA or QYLD?

On 10-year performance, QYLD leads with 9.80% vs 7.64% for ASEA. On fees, QYLD is cheaper at 0.60% per year. On volatility, QYLD has been the lower-risk option at 1.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASEA or QYLD?

Over the 10-year period, QYLD has performed better with a 9.80% return vs 7.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASEA or QYLD?

QYLD is cheaper with a 0.60% expense ratio, compared with 0.65% for ASEA.

Which ETF pays a higher dividend yield, ASEA or QYLD?

QYLD has the higher dividend yield at 11.46%, compared with 3.61% for ASEA.

What is the main difference between ASEA and QYLD?

ASEA is categorized as Asia Pacific Equities, while QYLD is Nasdaq-100. ASEA tracks FTSE/ASEAN 40 Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. Their fees differ too: 0.65% for ASEA and 0.60% for QYLD.

Which has better risk-adjusted returns?

QYLD currently has the higher Sharpe Ratio (2.80 vs 1.87), 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.