BABW vs. QYLD

Last updated Jun 4, 2026

BABW (Roundhill BABA WeeklyPay ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - BABW is a Derivative Income fund actively managed by Roundhill Investments, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. BABW is actively managed, while QYLD is passively managed. At a 0.39 correlation, their price movements are largely independent. BABW charges 0.99%/yr vs 0.60%/yr for QYLD.

Performance

BABW vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill BABA WeeklyPay ETF (BABW) 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, BABW achieves a -17.38% return, which is significantly lower than QYLD's 7.88% return.

BABW

• 1D: -2.92%
• 1M: -5.34%
• YTD: -17.38%
• 6M: -24.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

BABW vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025
BABW Roundhill BABA WeeklyPay ETF	-17.38%	-18.22%
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	4.27%

Correlation

The correlation between BABW and QYLD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.39

Return for Risk

BABW 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: 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.

BABW vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill BABA WeeklyPay ETF (BABW) 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

	BABW	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.80	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.97	0.59	-1.56

Drawdowns

BABW vs. QYLD - Drawdown Comparison

The maximum BABW drawdown since its inception was -40.29%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for BABW and QYLD.

Drawdown Indicators

	BABW	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-40.29%	-24.75%	-15.54%
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	-35.94%	-0.06%	-35.88%
Average Drawdown Average peak-to-trough decline	-22.10%	-3.84%	-18.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.85%	—

Volatility

Volatility by Period

	BABW	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.61%	8.58%	+41.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.61%	14.70%	+34.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.61%	15.49%	+34.12%

BABW vs. QYLD - Expense Ratio Comparison

BABW has a 0.99% expense ratio, which is higher than QYLD's 0.60% expense ratio.

Dividends

BABW vs. QYLD - Dividend Comparison

BABW's dividend yield for the trailing twelve months is around 37.81%, more than QYLD's 11.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BABW Roundhill BABA WeeklyPay ETF	37.81%	10.68%	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	11.46%	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 BABW and QYLD in my portfolio?

BABW and QYLD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BABW or QYLD?

On fees, QYLD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BABW or QYLD?

QYLD is cheaper with a 0.60% expense ratio, compared with 0.99% for BABW.

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

BABW has the higher dividend yield at 37.81%, compared with 11.46% for QYLD.

What is the main difference between BABW and QYLD?

BABW is categorized as Derivative Income, while QYLD is Nasdaq-100. They also come from different issuers: Roundhill Investments and Global X. Their fees differ too: 0.99% for BABW and 0.60% for QYLD.