DDDD vs. QYLD

Last updated Jul 17, 2026

DDDD (YieldMax U.S. Stocks Target Double Distribution ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - DDDD is a Derivative Income fund actively managed by YieldMax, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. DDDD is actively managed, while QYLD is passively managed. At a 0.08 correlation, their price movements are largely independent. DDDD charges 0.99%/yr vs 0.60%/yr for QYLD.

Performance

DDDD vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax U.S. Stocks Target Double Distribution ETF (DDDD) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDDD

• 1D: 2.16%
• 1M: 1.49%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLD

• 1D: -1.48%
• 1M: 0.07%
• 6M: 7.04%
• YTD: 8.37%
• 1Y: 21.04%
• 3Y*: 12.94%
• 5Y*: 8.28%
• 10Y*: 9.75%

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

DDDD vs. QYLD - Yearly Performance Comparison

	2026 (YTD)
DDDD YieldMax U.S. Stocks Target Double Distribution ETF	7.01%
QYLD Global X NASDAQ 100 Covered Call ETF	6.04%

Correlation

The correlation between DDDD and QYLD is 0.08, 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 Mar 12, 2026	0.08

Return for Risk

DDDD vs. QYLD — Risk / Return Rank

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

DDDD

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

QYLD

QYLD Risk / Return Rank: 85
QYLD Sharpe Ratio Rank: 78
QYLD Sortino Ratio Rank: 78
QYLD Omega Ratio Rank: 85
QYLD Calmar Ratio Rank: 89
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.

DDDD vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax U.S. Stocks Target Double Distribution ETF (DDDD) 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.

	DDDD	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.97	—
Sortino ratio: Return per unit of downside risk	—	2.78	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	4.25	—
Martin ratio: Return relative to average drawdown	—	21.84	—

Drawdowns

DDDD vs. QYLD - Drawdown Comparison

The maximum DDDD drawdown since its inception was -3.04%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for DDDD and QYLD.

Drawdown Indicators

	DDDD	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-3.04%	-24.75%	+21.71%
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	0.00%	-2.33%	+2.33%
Average Drawdown Average peak-to-trough decline	-0.91%	-3.81%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.97%	—

Volatility

Volatility by Period

	DDDD	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.46%	10.73%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.46%	14.98%	-4.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.46%	15.59%	-5.13%

DDDD vs. QYLD - Expense Ratio Comparison

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

Dividends

DDDD vs. QYLD - Dividend Comparison

DDDD's dividend yield for the trailing twelve months is around 1.55%, less than QYLD's 11.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDDD YieldMax U.S. Stocks Target Double Distribution ETF	1.55%	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	11.63%	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 DDDD and QYLD in my portfolio?

DDDD and QYLD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDDD 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, DDDD or QYLD?

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

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

QYLD has the higher dividend yield at 11.63%, compared with 1.55% for DDDD.

What is the main difference between DDDD and QYLD?

DDDD 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 DDDD and 0.60% for QYLD.