GXLC vs. QYLD

Last updated Aug 6, 2026

GXLC (Global X U.S. 500 ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - GXLC is a Large Cap Blend Equities fund tracking the Solactive GBS United States 500 Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Their correlation of 0.86 means they have usually moved in the same direction. GXLC charges 0.02%/yr vs 0.60%/yr for QYLD.

Performance

GXLC vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X U.S. 500 ETF (GXLC) 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, GXLC achieves a 13.47% return, which is significantly higher than QYLD's 9.77% return.

GXLC

• 1D: -0.10%
• 1M: 2.41%
• 6M: 13.22%
• YTD: 13.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QYLD

• 1D: 0.00%
• 1M: -0.43%
• 6M: 9.66%
• YTD: 9.77%
• 1Y: 21.90%
• 3Y*: 13.49%
• 5Y*: 8.10%
• 10Y*: 9.76%
• ALL TIME*: 8.72%

*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)
GXLC Global X U.S. 500 ETF	$13.68K	$22.15K	$18.83K
QYLD Global X NASDAQ 100 Covered Call ETF	$83.69M	$79.14M	$99.48M

GXLC vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025
GXLC Global X U.S. 500 ETF	13.47%	3.22%
QYLD Global X NASDAQ 100 Covered Call ETF	9.77%	7.76%

Correlation

The correlation between GXLC and QYLD is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.86

Return for Risk

GXLC vs. QYLD — Risk / Return Rank

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

GXLC

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: 76
QYLD Sortino Ratio Rank: 76
QYLD Omega Ratio Rank: 85
QYLD Calmar Ratio Rank: 87
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.

GXLC vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. 500 ETF (GXLC) 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.

	GXLC	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.96	—
Sortino ratio: Return per unit of downside risk	—	2.78	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	3.81	—
Martin ratio: Return relative to average drawdown	—	17.56	—

Drawdowns

GXLC vs. QYLD - Drawdown Comparison

The maximum GXLC drawdown since its inception was -9.08%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for GXLC and QYLD.

Drawdown Indicators

	GXLC	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-9.08%	-24.75%	+15.67%
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	-0.10%	-1.07%	+0.97%
Average Drawdown Average peak-to-trough decline	-1.56%	-3.81%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.25%	—

Volatility

Volatility by Period

	GXLC	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	11.22%	+2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.71%	15.06%	-1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.71%	15.64%	-1.93%

GXLC vs. QYLD - Expense Ratio Comparison

GXLC has a 0.02% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

GXLC vs. QYLD - Dividend Comparison

GXLC's dividend yield for the trailing twelve months is around 0.88%, less than QYLD's 11.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXLC Global X U.S. 500 ETF	0.88%	0.30%	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	11.67%	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 GXLC and QYLD in my portfolio?

GXLC and QYLD have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXLC or QYLD?

On fees, GXLC is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXLC or QYLD?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.60% for QYLD.

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

QYLD has the higher dividend yield at 11.67%, compared with 0.88% for GXLC.

What is the main difference between GXLC and QYLD?

GXLC is categorized as Large Cap Blend Equities, while QYLD is Nasdaq-100. GXLC tracks Solactive GBS United States 500 Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. Their fees differ too: 0.02% for GXLC and 0.60% for QYLD.