COSW vs. QYLD

Last updated Jun 4, 2026

COSW (Roundhill COST WeeklyPay ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - COSW is a Derivative Income fund actively managed by Roundhill, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. COSW is actively managed, while QYLD is passively managed. At a correlation of -0.02, they often move in opposite directions. COSW charges 0.99%/yr vs 0.60%/yr for QYLD.

Performance

COSW vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill COST WeeklyPay ETF (COSW) 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, COSW achieves a 12.13% return, which is significantly higher than QYLD's 7.88% return.

COSW

• 1D: 0.92%
• 1M: -6.40%
• YTD: 12.13%
• 6M: 2.92%
• 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)

COSW vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025
COSW Roundhill COST WeeklyPay ETF	12.13%	-10.71%
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	4.27%

Correlation

The correlation between COSW and QYLD is -0.02, 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 (All Time) Calculated using the full available price history since Oct 24, 2025	-0.02

COSW vs. QYLD - Sectors Allocation Comparison

Sectors	COSW	QYLD
Consumer Defensive	7.9%	7.7%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

COSW 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.

COSW vs. QYLD - Risk-Adjusted Trends Comparison

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

	COSW	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	0.01	0.59	-0.58

Drawdowns

COSW vs. QYLD - Drawdown Comparison

The maximum COSW drawdown since its inception was -16.24%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for COSW and QYLD.

Drawdown Indicators

	COSW	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-16.24%	-24.75%	+8.51%
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	-14.62%	-0.06%	-14.56%
Average Drawdown Average peak-to-trough decline	-4.17%	-3.84%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.85%	—

Volatility

Volatility by Period

	COSW	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	26.10%	8.58%	+17.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.10%	14.70%	+11.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.10%	15.49%	+10.61%

COSW vs. QYLD - Expense Ratio Comparison

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

Dividends

COSW vs. QYLD - Dividend Comparison

COSW's dividend yield for the trailing twelve months is around 18.13%, more than QYLD's 11.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COSW Roundhill COST WeeklyPay ETF	18.13%	4.96%	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 COSW and QYLD in my portfolio?

COSW and QYLD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COSW 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, COSW or QYLD?

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

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

COSW has the higher dividend yield at 18.13%, compared with 11.46% for QYLD.

What is the main difference between COSW and QYLD?

COSW 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 COSW and 0.60% for QYLD.