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HBGD.TO vs. QYLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HBGD.TO vs. QYLD

Last updated Jul 25, 2026
Documentation

HBGD.TO (Global X Big Data & Hardware Index ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - HBGD.TO is a Technology Equities fund tracking the Solactive Big Data & Hardware Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 5 years, HBGD.TO returned 24.16%/yr vs 10.10%/yr for QYLD. At a 0.27 correlation, their price movements are largely independent. HBGD.TO charges 0.64%/yr vs 0.60%/yr for QYLD.

Performance

HBGD.TO vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Big Data & Hardware Index ETF (HBGD.TO) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HBGD.TO is traded in CAD, while QYLD is traded in USD. To make them comparable, the QYLD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HBGD.TO achieves a 43.70% return, which is significantly higher than QYLD's 9.70% return.

HBGD.TO

1D
-3.80%
1M
-18.34%
6M
23.47%
YTD
43.70%
1Y
85.21%
3Y*
44.62%
5Y*
24.16%
10Y*
—
ALL TIME*
184.27%

QYLD

1D
-0.41%
1M
-1.79%
6M
7.30%
YTD
9.70%
1Y
22.81%
3Y*
14.77%
5Y*
10.10%
10Y*
10.23%
ALL TIME*
10.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HBGD.TO

Global X Big Data & Hardware Index ETF
CA$189.22KCA$324.68KCA$347.34K

QYLD

Global X NASDAQ 100 Covered Call ETF
CA$114.20MCA$112.77MCA$135.96M

HBGD.TO vs. QYLD - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
HBGD.TO
Global X Big Data & Hardware Index ETF		43.70%53.48%15.92%129.66%-56.87%59.75%555.62%323.86%4,068.42%
QYLD
Global X NASDAQ 100 Covered Call ETF		9.70%4.29%29.46%19.85%-13.95%10.36%6.14%17.64%-5.98%

Correlation

The correlation between HBGD.TO and QYLD is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.57

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

0.38

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

0.33

Correlation (All Time)
Calculated using the full available price history since Jun 21, 2018

0.27

Over the past year, HBGD.TO and QYLD have become more correlated (0.57) than their long-term average of 0.27, meaning their price movements have been converging.

HBGD.TO vs. QYLD - Sectors Allocation Comparison

Sectors
HBGD.TO
QYLD

Technology

75.7%
59.2%

Financial Services

17.9%
0.2%

Real Estate

3.2%
0.1%

Communication Services

3.1%
13.3%

Basic Materials

-

1.0%

Consumer Cyclical

-

10.6%

Consumer Defensive

-

6.3%

Energy

-

0.5%

Healthcare

-

3.6%

Industrials

-

4.1%

Utilities

-

1.2%

Technology

HBGD.TO
75.7%
QYLD
59.2%

Financial Services

HBGD.TO
17.9%
QYLD
0.2%

Real Estate

HBGD.TO
3.2%
QYLD
0.1%

Communication Services

HBGD.TO
3.1%
QYLD
13.3%

Basic Materials

HBGD.TO

-

QYLD
1.0%

Consumer Cyclical

HBGD.TO

-

QYLD
10.6%

Consumer Defensive

HBGD.TO

-

QYLD
6.3%

Energy

HBGD.TO

-

QYLD
0.5%

Healthcare

HBGD.TO

-

QYLD
3.6%

Industrials

HBGD.TO

-

QYLD
4.1%

Utilities

HBGD.TO

-

QYLD
1.2%

Compare stocks, funds, or ETFs

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

Global X Big Data & Hardware Index ETF

Global X NASDAQ 100 Covered Call ETF

Often compared with HBGD.TO:
HBGD.TO vs. MTRX.TOHBGD.TO vs. CHPS-U.TOHBGD.TO vs. CHPS.TOHBGD.TO vs. SMHHBGD.TO vs. JPGL.LHBGD.TO vs. VMO.TOHBGD.TO vs. IQM
Often compared with QYLD:
QYLD vs. JEPQQYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLG

Return for Risk

HBGD.TO vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HBGD.TO
HBGD.TO Risk / Return Rank: 7777
Overall Rank
HBGD.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
HBGD.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
HBGD.TO Omega Ratio Rank: 7272
Omega Ratio Rank
HBGD.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
HBGD.TO Martin Ratio Rank: 7373
Martin Ratio Rank
QYLD
QYLD Risk / Return Rank: 8383
Overall Rank
QYLD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 7575
Sortino Ratio Rank
QYLD Omega Ratio Rank: 8282
Omega Ratio Rank
QYLD Calmar Ratio Rank: 8989
Calmar Ratio Rank
QYLD Martin Ratio Rank: 9393
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.

HBGD.TO vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Big Data & Hardware Index ETF (HBGD.TO) 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.

HBGD.TOQYLDDifference
Sharpe ratioReturn per unit of total volatility
1.90
1.98

-0.07

Sortino ratioReturn per unit of downside risk
2.37
2.88

-0.51

Omega ratioGain probability vs. loss probability

1.30

1.38

-0.07

Calmar ratioReturn relative to maximum drawdown

3.14

5.03

-1.89

Martin ratioReturn relative to average drawdown

9.18

17.36

-8.18

HBGD.TO vs. QYLD - Sharpe Ratio Comparison

The current HBGD.TO Sharpe Ratio is 1.90, which is comparable to the QYLD Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of HBGD.TO 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

HBGD.TO vs. QYLD - Drawdown Comparison

The maximum HBGD.TO drawdown since its inception was -99.95%, which is greater than QYLD's maximum drawdown of -21.80%. Use the drawdown chart below to compare losses from any high point for HBGD.TO and QYLD.

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Drawdown Indicators

HBGD.TOQYLDDifference

Max Drawdown

Largest peak-to-trough decline

-99.95%

-21.80%

-78.15%

Max Drawdown (1Y)

Largest decline over 1 year

-27.30%

-4.55%

-22.75%

Max Drawdown (3Y)

Largest decline over 3 years

-38.68%

-19.78%

-18.90%

Max Drawdown (5Y)

Largest decline over 5 years

-63.43%

-19.78%

-43.65%

Max Drawdown (10Y)

Largest decline over 10 years

—

-21.80%

—

Current Drawdown

Current decline from peak

-71.01%

-4.55%

-66.46%

Average Drawdown

Average peak-to-trough decline

-86.16%

-4.08%

-82.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.33%

1.32%

+8.01%

Volatility

HBGD.TO vs. QYLD - Volatility Comparison

Global X Big Data & Hardware Index ETF (HBGD.TO) has a higher volatility of 19.63% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 5.25%. This indicates that HBGD.TO'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

HBGD.TOQYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.63%

5.25%

+14.38%

Volatility (6M)

Calculated over the trailing 6-month period

37.33%

10.32%

+27.01%

Volatility (1Y)

Calculated over the trailing 1-year period

44.97%

11.57%

+33.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

41.13%

16.24%

+24.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

238,183.37%

17.02%

+238,166.35%

HBGD.TO vs. QYLD - Expense Ratio Comparison

HBGD.TO has a 0.64% expense ratio, which is higher than QYLD's 0.60% expense ratio.

Dividends

HBGD.TO vs. QYLD - Dividend Comparison

HBGD.TO's dividend yield for the trailing twelve months is around 0.27%, less than QYLD's 12.01% yield.

PositionTTM20252024202320222021202020192018201720162015
HBGD.TO
Global X Big Data & Hardware Index ETF		0.27%0.39%0.53%0.64%1.22%1.65%0.96%13.70%18.41%0.00%0.00%0.00%
QYLD
Global X NASDAQ 100 Covered Call ETF		12.01%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

HBGD.TO and QYLD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

QYLD is cheaper with a 0.60% expense ratio, compared with 0.64% for HBGD.TO.

HBGD.TO is categorized as Technology Equities, while QYLD is Nasdaq-100. HBGD.TO tracks Solactive Big Data & Hardware Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. Their fees differ too: 0.64% for HBGD.TO and 0.60% for QYLD.

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