FIGS vs. QYLD

Last updated Jun 4, 2026

FIGS (FIGS, Inc.) is a stock, while QYLD (Global X NASDAQ 100 Covered Call ETF) is Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Over the past 5 years, FIGS returned -17.52%/yr vs 8.43%/yr for QYLD. At a 0.36 correlation, their price movements are largely independent.

Performance

FIGS vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FIGS, Inc. (FIGS) 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, FIGS achieves a 5.37% return, which is significantly lower than QYLD's 7.88% return.

FIGS

• 1D: 4.72%
• 1M: -14.32%
• YTD: 5.37%
• 6M: 6.02%
• 1Y: 159.65%
• 3Y*: 12.18%
• 5Y*: -17.52%
• 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)

FIGS vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FIGS FIGS, Inc.	5.37%	83.52%	-10.94%	3.27%	-75.58%	-8.19%
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	9.28%	19.35%	22.77%	-19.08%	7.95%

Correlation

The correlation between FIGS and QYLD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since May 28, 2021	0.36

The correlation between FIGS and QYLD shifts across timeframes, from 0.25 (3 years) to 0.37 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FIGS vs. QYLD — Risk / Return Rank

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

FIGS

FIGS Risk / Return Rank: 91
FIGS Sharpe Ratio Rank: 92
FIGS Sortino Ratio Rank: 88
FIGS Omega Ratio Rank: 90
FIGS Calmar Ratio Rank: 91
FIGS Martin Ratio Rank: 92

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.

FIGS vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FIGS, Inc. (FIGS) 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.

	FIGS	QYLD	Difference
Sharpe ratio Return per unit of total volatility	2.56	2.80	-0.25
Sortino ratio Return per unit of downside risk	3.03	3.92	-0.89
Omega ratio Gain probability vs. loss probability	1.43	1.63	-0.20
Calmar ratio Return relative to maximum drawdown	4.83	4.84	0.00
Martin ratio Return relative to average drawdown	14.63	28.36	-13.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIGS vs. QYLD - Sharpe Ratio Comparison

The current FIGS Sharpe Ratio is 2.56, which is comparable to the QYLD Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of FIGS 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

	FIGS	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.80	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	0.58	-0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	0.59	-0.83

Drawdowns

FIGS vs. QYLD - Drawdown Comparison

The maximum FIGS drawdown since its inception was -92.77%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for FIGS and QYLD.

Drawdown Indicators

	FIGS	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-92.77%	-24.75%	-68.02%
Max Drawdown (1Y) Largest decline over 1 year	-33.24%	-4.97%	-28.27%
Max Drawdown (3Y) Largest decline over 3 years	-58.15%	-19.06%	-39.09%
Max Drawdown (5Y) Largest decline over 5 years	-92.77%	-24.61%	-68.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.75%	—
Current Drawdown Current decline from peak	-76.11%	-0.06%	-76.05%
Average Drawdown Average peak-to-trough decline	-75.93%	-3.84%	-72.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.96%	0.85%	+10.11%

Volatility

FIGS vs. QYLD - Volatility Comparison

FIGS, Inc. (FIGS) has a higher volatility of 32.19% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.85%. This indicates that FIGS'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

	FIGS	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.19%	1.85%	+30.34%
Volatility (6M) Calculated over the trailing 6-month period	51.26%	7.12%	+44.14%
Volatility (1Y) Calculated over the trailing 1-year period	63.11%	8.58%	+54.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.16%	14.70%	+55.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.39%	15.49%	+54.90%

Dividends

FIGS vs. QYLD - Dividend Comparison

FIGS has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIGS FIGS, Inc.	0.00%	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	11.46%	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 FIGS and QYLD in my portfolio?

FIGS and QYLD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIGS or QYLD?

FIGS has higher volatility (32.19%) compared to QYLD (1.85%). In terms of maximum drawdown, FIGS dropped -92.77% vs QYLD's -24.75%.

Which has better risk-adjusted returns?

QYLD currently has the higher Sharpe Ratio (2.80 vs 2.56), 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.