GXPC vs. QYLD
GXPC (Global X PureCap MSCI Communication Services ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - GXPC is a Communications Equities fund tracking the MSCI USA Communication Services PureCap Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past year, GXPC returned 23.78% vs 21.85% for QYLD. Their 0.52 correlation means they have sometimes moved together and sometimes differently. GXPC charges 0.15%/yr vs 0.60%/yr for QYLD.
Performance
GXPC vs. QYLD - Performance Comparison
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Returns By Period
In the year-to-date period, GXPC achieves a 4.24% return, which is significantly lower than QYLD's 8.73% return.
GXPC
- 1D
- 4.49%
- 1M
- 2.31%
- 6M
- -1.39%
- YTD
- 4.24%
- 1Y
- 23.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.60%
QYLD
- 1D
- 0.99%
- 1M
- 0.00%
- 6M
- 6.38%
- YTD
- 8.73%
- 1Y
- 21.85%
- 3Y*
- 13.13%
- 5Y*
- 7.94%
- 10Y*
- 9.65%
- ALL TIME*
- 8.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.38M | $10.86M | $5.85M | |
| $81.92M | $78.72M | $98.91M |
GXPC vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXPC Global X PureCap MSCI Communication Services ETF | 4.24% | 19.31% |
QYLD Global X NASDAQ 100 Covered Call ETF | 8.73% | 11.66% |
Correlation
The correlation between GXPC and QYLD is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.52 |
The correlation between GXPC and QYLD has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.
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Return for Risk
GXPC vs. QYLD — Risk / Return Rank
GXPC
QYLD
GXPC vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Communication Services ETF (GXPC) 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.
| GXPC | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.40 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.80 | -2.36 |
| Martin ratioReturn relative to average drawdown | 4.17 | 17.57 | -13.40 |
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Drawdowns
GXPC vs. QYLD - Drawdown Comparison
The maximum GXPC drawdown since its inception was -16.59%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for GXPC and QYLD.
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Drawdown Indicators
| GXPC | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -24.75% | +8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -16.59% | -5.78% | -10.81% |
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 DrawdownCurrent decline from peak | -6.74% | -2.00% | -4.74% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -3.81% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.72% | 1.25% | +4.47% |
Volatility
GXPC vs. QYLD - Volatility Comparison
Global X PureCap MSCI Communication Services ETF (GXPC) has a higher volatility of 10.55% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 5.17%. This indicates that GXPC'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
| GXPC | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 5.17% | +5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 18.72% | 10.07% | +8.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.51% | 11.26% | +11.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 15.05% | +7.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.33% | 15.64% | +6.69% |
GXPC vs. QYLD - Expense Ratio Comparison
GXPC has a 0.15% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Dividends
GXPC vs. QYLD - Dividend Comparison
GXPC's dividend yield for the trailing twelve months is around 0.31%, less than QYLD's 11.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPC Global X PureCap MSCI Communication Services ETF | 0.31% | 0.12% | 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 | 11.78% | 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
GXPC and QYLD have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXPC has higher volatility (10.55%) compared to QYLD (5.17%). In terms of maximum drawdown, GXPC dropped -16.59% vs QYLD's -24.75%.
On 1-year performance, GXPC leads with 23.78% vs 21.85% for QYLD. On fees, GXPC is cheaper at 0.15% per year. On volatility, QYLD has been the lower-risk option at 5.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GXPC has performed better with a 23.78% return vs 21.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXPC is cheaper with a 0.15% expense ratio, compared with 0.60% for QYLD.
QYLD has the higher dividend yield at 11.78%, compared with 0.31% for GXPC.
GXPC is categorized as Communications Equities, while QYLD is Nasdaq-100. GXPC tracks MSCI USA Communication Services PureCap Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. Their fees differ too: 0.15% for GXPC and 0.60% for QYLD.
QYLD currently has the higher Sharpe Ratio (1.95 vs 1.06), 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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