AUAU vs. QYLD

Last updated Jun 6, 2026

AUAU (Global X Gold Miners ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - AUAU is a Gold fund tracking the NYSE Arca Gold Miners Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. AUAU charges 0.35%/yr vs 0.60%/yr for QYLD.

Performance

AUAU vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Gold Miners ETF (AUAU) 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, AUAU achieves a -6.86% return, which is significantly lower than QYLD's 5.92% return.

AUAU

• 1D: -8.34%
• 1M: -14.13%
• YTD: -6.86%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLD

• 1D: -1.82%
• 1M: -0.67%
• YTD: 5.92%
• 6M: 7.78%
• 1Y: 21.82%
• 3Y*: 13.07%
• 5Y*: 8.04%
• 10Y*: 9.61%

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

AUAU vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025
AUAU Global X Gold Miners ETF	-6.86%	4.18%
QYLD Global X NASDAQ 100 Covered Call ETF	5.92%	1.70%

Correlation

The correlation between AUAU and QYLD is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.51

Return for Risk

AUAU vs. QYLD — Risk / Return Rank

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

QYLD

QYLD Risk / Return Rank: 85
QYLD Sharpe Ratio Rank: 79
QYLD Sortino Ratio Rank: 79
QYLD Omega Ratio Rank: 89
QYLD Calmar Ratio Rank: 84
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.

AUAU vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold Miners ETF (AUAU) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AUAU	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.50	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.58	-0.70

Drawdowns

AUAU vs. QYLD - Drawdown Comparison

The maximum AUAU drawdown since its inception was -31.20%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for AUAU and QYLD.

Drawdown Indicators

	AUAU	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-31.20%	-24.75%	-6.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.75%	—
Current Drawdown Current decline from peak	-31.20%	-1.87%	-29.33%
Average Drawdown Average peak-to-trough decline	-12.89%	-3.84%	-9.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.85%	—

Volatility

Volatility by Period

	AUAU	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	51.93%	8.78%	+43.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.93%	14.71%	+37.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.93%	15.50%	+36.43%

AUAU vs. QYLD - Expense Ratio Comparison

AUAU has a 0.35% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

AUAU vs. QYLD - Dividend Comparison

AUAU has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.67%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AUAU Global X Gold Miners ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QYLD Global X NASDAQ 100 Covered Call ETF	11.67%	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 AUAU and QYLD in my portfolio?

AUAU and QYLD have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AUAU or QYLD?

On fees, AUAU is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AUAU or QYLD?

AUAU is cheaper with a 0.35% expense ratio, compared with 0.60% for QYLD.

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

QYLD has the higher dividend yield at 11.67%, compared with 0.00% for AUAU.

What is the main difference between AUAU and QYLD?

AUAU is categorized as Gold, while QYLD is Nasdaq-100. AUAU tracks NYSE Arca Gold Miners Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. Their fees differ too: 0.35% for AUAU and 0.60% for QYLD.