COIW vs. QYLD

Last updated Jun 5, 2026

COIW (COIN WeeklyPay™ ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - COIW is a Derivative Income fund actively managed by Roundhill, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. COIW is actively managed, while QYLD is passively managed. Over the past year, COIW returned -46.46% vs 23.70% for QYLD. A 0.52 correlation means they provide meaningful diversification when combined. COIW charges 0.99%/yr vs 0.60%/yr for QYLD.

Performance

COIW vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in COIN WeeklyPay™ ETF (COIW) 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, COIW achieves a -33.93% return, which is significantly lower than QYLD's 7.88% return.

COIW

• 1D: 0.92%
• 1M: -20.57%
• YTD: -33.93%
• 6M: -47.79%
• 1Y: -46.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLD

• 1D: 0.00%
• 1M: 1.40%
• YTD: 7.88%
• 6M: 9.91%
• 1Y: 23.70%
• 3Y*: 13.76%
• 5Y*: 8.43%
• 10Y*: 9.81%

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

COIW vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025
COIW COIN WeeklyPay™ ETF	-33.93%	-23.77%
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	4.79%

Correlation

The correlation between COIW and QYLD is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.52

The correlation between COIW and QYLD has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.

COIW vs. QYLD - Sectors Allocation Comparison

Sectors	COIW	QYLD
Financial Services	6.0%	0.2%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

COIW vs. QYLD — Risk / Return Rank

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

COIW

COIW Risk / Return Rank: 5
COIW Sharpe Ratio Rank: 5
COIW Sortino Ratio Rank: 5
COIW Omega Ratio Rank: 5
COIW Calmar Ratio Rank: 4
COIW Martin Ratio Rank: 4

QYLD

QYLD Risk / Return Rank: 89
QYLD Sharpe Ratio Rank: 86
QYLD Sortino Ratio Rank: 87
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.

COIW vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for COIN WeeklyPay™ ETF (COIW) 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.

	COIW	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	2.78	-3.33
Sortino ratio: Return per unit of downside risk	-0.48	3.89	-4.36
Omega ratio: Gain probability vs. loss probability	0.95	1.63	-0.68
Calmar ratio: Return relative to maximum drawdown	-0.63	4.79	-5.42
Martin ratio: Return relative to average drawdown	-0.99	28.10	-29.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COIW vs. QYLD - Sharpe Ratio Comparison

The current COIW Sharpe Ratio is -0.55, which is lower than the QYLD Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of COIW 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

	COIW	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	2.78	-3.33
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	-0.46	0.59	-1.05

Drawdowns

COIW vs. QYLD - Drawdown Comparison

The maximum COIW drawdown since its inception was -74.55%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for COIW and QYLD.

Drawdown Indicators

	COIW	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-74.55%	-24.75%	-49.80%
Max Drawdown (1Y) Largest decline over 1 year	-74.55%	-4.97%	-69.58%
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	-70.08%	-0.06%	-70.02%
Average Drawdown Average peak-to-trough decline	-37.82%	-3.84%	-33.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.91%	0.85%	+46.06%

Volatility

COIW vs. QYLD - Volatility Comparison

COIN WeeklyPay™ ETF (COIW) has a higher volatility of 22.47% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.84%. This indicates that COIW'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

	COIW	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.47%	1.84%	+20.63%
Volatility (6M) Calculated over the trailing 6-month period	61.92%	7.12%	+54.80%
Volatility (1Y) Calculated over the trailing 1-year period	84.69%	8.57%	+76.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.93%	14.70%	+76.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.93%	15.49%	+75.44%

COIW vs. QYLD - Expense Ratio Comparison

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

Dividends

COIW vs. QYLD - Dividend Comparison

COIW's dividend yield for the trailing twelve months is around 224.62%, more than QYLD's 11.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COIW COIN WeeklyPay™ ETF	224.62%	120.37%	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 COIW and QYLD in my portfolio?

COIW and QYLD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COIW or QYLD?

COIW has higher volatility (22.47%) compared to QYLD (1.84%). In terms of maximum drawdown, COIW dropped -74.55% vs QYLD's -24.75%.

Which ETF is better, COIW or QYLD?

On 1-year performance, QYLD leads with 23.70% vs -46.46% for COIW. On fees, QYLD is cheaper at 0.60% per year. On volatility, QYLD has been the lower-risk option at 1.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COIW or QYLD?

Over the 1-year period, QYLD has performed better with a 23.70% return vs -46.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COIW or QYLD?

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

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

COIW has the higher dividend yield at 224.62%, compared with 11.46% for QYLD.

What is the main difference between COIW and QYLD?

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

Which has better risk-adjusted returns?

QYLD currently has the higher Sharpe Ratio (2.78 vs -0.55), 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.