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ECH vs. QYLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ECH vs. QYLD

Last updated Jun 20, 2026

ECH (iShares MSCI Chile ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - ECH is a Foreign Large Cap Equities fund tracking the MSCI Chile Investable Market Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 10 years, ECH returned 4.44%/yr vs 10.07%/yr for QYLD. At a 0.37 correlation, their price movements are largely independent. ECH charges 0.59%/yr vs 0.60%/yr for QYLD.

Performance

ECH vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Chile ETF (ECH) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ECH achieves a 2.23% return, which is significantly lower than QYLD's 10.20% return. Over the past 10 years, ECH has underperformed QYLD with an annualized return of 4.44%, while QYLD has yielded a comparatively higher 10.07% annualized return.

ECH

1D
-0.85%
1M
1.75%
YTD
2.23%
6M
5.27%
1Y
36.61%
3Y*
14.33%
5Y*
12.22%
10Y*
4.44%

QYLD

1D
2.43%
1M
4.04%
YTD
10.20%
6M
10.75%
1Y
25.53%
3Y*
14.59%
5Y*
8.95%
10Y*
10.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ECH vs. QYLD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ECH
iShares MSCI Chile ETF		2.23%65.41%-8.67%9.01%25.12%-19.80%-7.13%-17.79%-18.98%41.79%
QYLD
Global X NASDAQ 100 Covered Call ETF		10.20%9.28%19.35%22.77%-19.08%10.41%8.72%22.69%-3.07%18.79%

Correlation

The correlation between ECH and QYLD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Dec 12, 2013

0.37

ECH vs. QYLD - Sectors Allocation Comparison

Sectors
ECH
QYLD

Financial Services

21.8%
0.2%

Basic Materials

20.1%
1.0%

Industrials

15.7%
2.6%

Utilities

12.9%
1.2%

Consumer Cyclical

12.4%
11.4%

Real Estate

7.7%
0.1%

Consumer Defensive

7.6%
6.4%

Communication Services

1.7%
14.3%

Energy

-

0.5%

Healthcare

-

3.7%

Technology

-

58.7%

Financial Services

ECH
21.8%
QYLD
0.2%

Basic Materials

ECH
20.1%
QYLD
1.0%

Industrials

ECH
15.7%
QYLD
2.6%

Utilities

ECH
12.9%
QYLD
1.2%

Consumer Cyclical

ECH
12.4%
QYLD
11.4%

Real Estate

ECH
7.7%
QYLD
0.1%

Consumer Defensive

ECH
7.6%
QYLD
6.4%

Communication Services

ECH
1.7%
QYLD
14.3%

Energy

ECH

-

QYLD
0.5%

Healthcare

ECH

-

QYLD
3.7%

Technology

ECH

-

QYLD
58.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Chile ETF

Global X NASDAQ 100 Covered Call ETF

Often compared with ECH:
ECH vs. EWZECH vs. EPUECH vs. EWWECH vs. EWZSECH vs. EPOLECH vs. EWYECH vs. SCHD
Often compared with QYLD:
QYLD vs. JEPQQYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLG

Return for Risk

ECH vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ECH
ECH Risk / Return Rank: 3939
Overall Rank
ECH Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
ECH Sortino Ratio Rank: 4040
Sortino Ratio Rank
ECH Omega Ratio Rank: 3939
Omega Ratio Rank
ECH Calmar Ratio Rank: 3939
Calmar Ratio Rank
ECH Martin Ratio Rank: 3232
Martin Ratio Rank
QYLD
QYLD Risk / Return Rank: 9191
Overall Rank
QYLD Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 8989
Sortino Ratio Rank
QYLD Omega Ratio Rank: 9393
Omega Ratio Rank
QYLD Calmar Ratio Rank: 9090
Calmar Ratio Rank
QYLD Martin Ratio Rank: 9595
Martin Ratio Rank
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.

ECH vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Chile ETF (ECH) 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.

ECHQYLDDifference
Sharpe ratioReturn per unit of total volatility
1.44
2.70

-1.26

Sortino ratioReturn per unit of downside risk
1.99
3.84

-1.84

Omega ratioGain probability vs. loss probability

1.25

1.60

-0.36

Calmar ratioReturn relative to maximum drawdown

1.86

5.16

-3.30

Martin ratioReturn relative to average drawdown

4.41

29.06

-24.65

ECH vs. QYLD - Sharpe Ratio Comparison

The current ECH Sharpe Ratio is 1.44, which is lower than the QYLD Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of ECH 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.

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Drawdowns

ECH vs. QYLD - Drawdown Comparison

The maximum ECH drawdown since its inception was -74.08%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for ECH and QYLD.

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Drawdown Indicators

ECHQYLDDifference

Max Drawdown

Largest peak-to-trough decline

-74.08%

-24.75%

-49.33%

Max Drawdown (1Y)

Largest decline over 1 year

-19.74%

-4.97%

-14.77%

Max Drawdown (3Y)

Largest decline over 3 years

-25.59%

-19.06%

-6.53%

Max Drawdown (5Y)

Largest decline over 5 years

-25.59%

-24.61%

-0.98%

Max Drawdown (10Y)

Largest decline over 10 years

-66.89%

-24.75%

-42.14%

Current Drawdown

Current decline from peak

-24.03%

0.00%

-24.03%

Average Drawdown

Average peak-to-trough decline

-37.48%

-3.83%

-33.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.33%

0.88%

+7.45%

Volatility

ECH vs. QYLD - Volatility Comparison

iShares MSCI Chile ETF (ECH) has a higher volatility of 9.09% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 4.30%. This indicates that ECH'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.

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Volatility by Period

ECHQYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.09%

4.30%

+4.79%

Volatility (6M)

Calculated over the trailing 6-month period

21.20%

8.24%

+12.96%

Volatility (1Y)

Calculated over the trailing 1-year period

25.51%

9.49%

+16.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.63%

14.81%

+12.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.27%

15.54%

+11.73%

ECH vs. QYLD - Expense Ratio Comparison

ECH has a 0.59% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

ECH vs. QYLD - Dividend Comparison

ECH's dividend yield for the trailing twelve months is around 1.93%, less than QYLD's 11.22% yield.

PositionTTM20252024202320222021202020192018201720162015
ECH
iShares MSCI Chile ETF		1.93%2.01%3.12%4.77%6.73%5.49%2.16%2.47%2.37%1.42%1.85%2.13%
QYLD
Global X NASDAQ 100 Covered Call ETF		11.22%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

ECH and QYLD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ECH has higher volatility (9.09%) compared to QYLD (4.30%). In terms of maximum drawdown, ECH dropped -74.08% vs QYLD's -24.75%.

On 10-year performance, QYLD leads with 10.07% vs 4.44% for ECH. On fees, ECH is cheaper at 0.59% per year. On volatility, QYLD has been the lower-risk option at 4.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QYLD has performed better with a 10.07% return vs 4.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ECH is cheaper with a 0.59% expense ratio, compared with 0.60% for QYLD.

QYLD has the higher dividend yield at 11.22%, compared with 1.93% for ECH.

ECH is categorized as Foreign Large Cap Equities, while QYLD is Nasdaq-100. ECH tracks MSCI Chile Investable Market Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: iShares and Global X. Their fees differ too: 0.59% for ECH and 0.60% for QYLD.

QYLD currently has the higher Sharpe Ratio (2.70 vs 1.44), 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.

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