GIF vs. QYLD

Last updated Aug 1, 2026

GIF (REX Growth & Income Universe ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - GIF is a Derivative Income fund actively managed by REX, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. GIF is actively managed, while QYLD is passively managed. Their 0.46 correlation means their historical movements had little consistent relationship. GIF charges 0.99%/yr vs 0.60%/yr for QYLD.

Performance

GIF vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX Growth & Income Universe ETF (GIF) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GIF

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QYLD

• 1D: 0.65%
• 1M: -0.98%
• 6M: 5.88%
• YTD: 7.67%
• 1Y: 20.66%
• 3Y*: 12.32%
• 5Y*: 7.83%
• 10Y*: 9.59%
• ALL TIME*: 8.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QYLD Global X NASDAQ 100 Covered Call ETF	$83.30M	$78.68M	$98.28M

GIF vs. QYLD - Yearly Performance Comparison

	2026 (YTD)
GIF REX Growth & Income Universe ETF	12,941.67%
QYLD Global X NASDAQ 100 Covered Call ETF	5.47%

Correlation

The correlation between GIF and QYLD is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	0.46

Return for Risk

GIF vs. QYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GIF

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

QYLD

QYLD Risk / Return Rank: 83
QYLD Sharpe Ratio Rank: 77
QYLD Sortino Ratio Rank: 77
QYLD Omega Ratio Rank: 83
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GIF vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX Growth & Income Universe ETF (GIF) 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.

	GIF	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.73	—
Sortino ratio: Return per unit of downside risk	—	2.48	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.38	—
Martin ratio: Return relative to average drawdown	—	15.70	—

Drawdowns

Drawdown Indicators

	GIF	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	—	-24.75%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.78%	—
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	—	-2.96%	—
Average Drawdown Average peak-to-trough decline	—	-3.81%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.24%	—

Volatility

Volatility by Period

	GIF	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.26%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.04%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.63%	—

GIF vs. QYLD - Expense Ratio Comparison

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

Dividends

GIF vs. QYLD - Dividend Comparison

GIF's dividend yield for the trailing twelve months is around 109.48%, more than QYLD's 11.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIF REX Growth & Income Universe ETF	109.48%	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	11.89%	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 GIF and QYLD in my portfolio?

GIF 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.

Which ETF is better, GIF 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, GIF or QYLD?

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

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

GIF has the higher dividend yield at 109.48%, compared with 11.89% for QYLD.

What is the main difference between GIF and QYLD?

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