HIYY vs. QYLD
HIYY (YieldMax HIMS Option Income Strategy ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - HIYY is a Derivative Income fund actively managed by YieldMax, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. HIYY is actively managed, while QYLD is passively managed. Their 0.36 correlation means their historical movements had little consistent relationship. HIYY charges 0.99%/yr vs 0.60%/yr for QYLD.
Performance
HIYY vs. QYLD - Performance Comparison
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Returns By Period
In the year-to-date period, HIYY achieves a -6.13% return, which is significantly lower than QYLD's 8.73% return.
HIYY
- 1D
- 8.26%
- 1M
- -11.90%
- 6M
- 10.15%
- YTD
- -6.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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) |
|---|---|---|---|
| $866.33K | $825.62K | $784.39K | |
| $81.92M | $78.72M | $98.91M |
HIYY vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | -6.13% | -37.34% |
QYLD Global X NASDAQ 100 Covered Call ETF | 8.73% | 7.44% |
Correlation
The correlation between HIYY and QYLD is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025 | 0.36 |
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Return for Risk
HIYY vs. QYLD — Risk / Return Rank
HIYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QYLD
HIYY vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax HIMS Option Income Strategy ETF (HIYY) 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.
| HIYY | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.80 | — |
| Martin ratioReturn relative to average drawdown | — | 17.57 | — |
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Drawdowns
HIYY vs. QYLD - Drawdown Comparison
The maximum HIYY drawdown since its inception was -73.95%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for HIYY and QYLD.
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Drawdown Indicators
| HIYY | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.95% | -24.75% | -49.20% |
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 DrawdownCurrent decline from peak | -46.49% | -2.00% | -44.49% |
Average DrawdownAverage peak-to-trough decline | -43.91% | -3.81% | -40.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.25% | — |
Volatility
HIYY vs. QYLD - Volatility Comparison
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Volatility by Period
| HIYY | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 83.89% | 11.26% | +72.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.89% | 15.05% | +68.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.89% | 15.64% | +68.25% |
HIYY vs. QYLD - Expense Ratio Comparison
HIYY has a 0.99% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Dividends
HIYY vs. QYLD - Dividend Comparison
HIYY's dividend yield for the trailing twelve months is around 112.87%, more than QYLD's 11.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | 112.87% | 29.99% | 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
HIYY and QYLD have a correlation of 0.36, 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 0.99% for HIYY.
HIYY has the higher dividend yield at 112.87%, compared with 11.78% for QYLD.
HIYY is categorized as Derivative Income, while QYLD is Nasdaq-100. They also come from different issuers: YieldMax and Global X. Their fees differ too: 0.99% for HIYY and 0.60% for QYLD.
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