BRKC vs. QYLD

Last updated Jun 26, 2026

BRKC (YieldMax BRK.B Option Income Strategy ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - BRKC is a Derivative Income fund actively managed by YieldMax, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. BRKC is actively managed, while QYLD is passively managed. Over the past year, BRKC returned -1.47% vs 22.07% for QYLD. At a correlation of -0.01, they often move in opposite directions. BRKC charges 0.99%/yr vs 0.60%/yr for QYLD.

Performance

BRKC vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax BRK.B Option Income Strategy ETF (BRKC) 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, BRKC achieves a -1.60% return, which is significantly lower than QYLD's 8.25% return.

BRKC

• 1D: -0.78%
• 1M: 1.00%
• YTD: -1.60%
• 6M: -1.32%
• 1Y: -1.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLD

• 1D: 0.56%
• 1M: 1.12%
• YTD: 8.25%
• 6M: 7.89%
• 1Y: 22.07%
• 3Y*: 14.40%
• 5Y*: 8.29%
• 10Y*: 10.21%

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

BRKC vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025
BRKC YieldMax BRK.B Option Income Strategy ETF	-1.60%	0.76%
QYLD Global X NASDAQ 100 Covered Call ETF	8.25%	14.66%

Correlation

The correlation between BRKC and QYLD is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.01

Return for Risk

BRKC vs. QYLD — Risk / Return Rank

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

BRKC

BRKC Risk / Return Rank: 8
BRKC Sharpe Ratio Rank: 8
BRKC Sortino Ratio Rank: 7
BRKC Omega Ratio Rank: 7
BRKC Calmar Ratio Rank: 8
BRKC Martin Ratio Rank: 7

QYLD

QYLD Risk / Return Rank: 88
QYLD Sharpe Ratio Rank: 83
QYLD Sortino Ratio Rank: 83
QYLD Omega Ratio Rank: 91
QYLD Calmar Ratio Rank: 88
QYLD Martin Ratio Rank: 95

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.

BRKC vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax BRK.B Option Income Strategy ETF (BRKC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BRKC	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	2.29	-2.40
Sortino ratio: Return per unit of downside risk	-0.08	3.21	-3.29
Omega ratio: Gain probability vs. loss probability	0.99	1.51	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.19	4.46	-4.66
Martin ratio: Return relative to average drawdown	-0.40	24.33	-24.73

BRKC vs. QYLD - Sharpe Ratio Comparison

The current BRKC Sharpe Ratio is -0.12, which is lower than the QYLD Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of BRKC 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.

Drawdowns

BRKC vs. QYLD - Drawdown Comparison

The maximum BRKC drawdown since its inception was -7.59%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for BRKC and QYLD.

Drawdown Indicators

	BRKC	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-7.59%	-24.75%	+17.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-4.97%	-2.62%
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	-3.58%	-1.77%	-1.81%
Average Drawdown Average peak-to-trough decline	-3.15%	-3.82%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	0.91%	+2.78%

Volatility

BRKC vs. QYLD - Volatility Comparison

The current volatility for YieldMax BRK.B Option Income Strategy ETF (BRKC) is 2.55%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 4.78%. This indicates that BRKC 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.

Volatility by Period

	BRKC	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	4.78%	-2.23%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	8.45%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	9.69%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.46%	14.84%	-2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.46%	15.55%	-3.09%

BRKC vs. QYLD - Expense Ratio Comparison

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

Dividends

BRKC vs. QYLD - Dividend Comparison

BRKC's dividend yield for the trailing twelve months is around 21.49%, more than QYLD's 11.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRKC YieldMax BRK.B Option Income Strategy ETF	21.49%	10.81%	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	11.64%	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 BRKC and QYLD in my portfolio?

BRKC and QYLD have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRKC or QYLD?

QYLD has higher volatility (4.78%) compared to BRKC (2.55%). In terms of maximum drawdown, BRKC dropped -7.59% vs QYLD's -24.75%.

Which ETF is better, BRKC or QYLD?

On 1-year performance, QYLD leads with 22.07% vs -1.47% for BRKC. On fees, QYLD is cheaper at 0.60% per year. On volatility, BRKC has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRKC or QYLD?

Over the 1-year period, QYLD has performed better with a 22.07% return vs -1.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRKC or QYLD?

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

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

BRKC has the higher dividend yield at 21.49%, compared with 11.64% for QYLD.

What is the main difference between BRKC and QYLD?

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

Which has better risk-adjusted returns?

QYLD currently has the higher Sharpe Ratio (2.29 vs -0.12), 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.