HYLD vs. QYLD

Last updated Apr 2, 2026

Compare and contrast key facts about High Yield ETF (HYLD) and Global X NASDAQ 100 Covered Call ETF (QYLD).

HYLD and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYLD is an actively managed fund by Eve Capital. It was launched on Nov 30, 2010. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013.

Performance

HYLD vs. QYLD - Performance Comparison

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

HYLD vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HYLD High Yield ETF	0.00%	0.00%	0.00%	2.80%	-11.48%	5.41%	3.11%	7.16%	0.25%	8.97%
QYLD Global X NASDAQ 100 Covered Call ETF	0.61%	9.28%	19.35%	22.77%	-19.08%	10.41%	8.72%	22.69%	-3.07%	18.79%

Returns By Period

HYLD

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

QYLD

• 1D: 0.58%
• 1M: -1.11%
• YTD: 0.61%
• 6M: 7.46%
• 1Y: 16.36%
• 3Y*: 13.19%
• 5Y*: 7.01%
• 10Y*: 8.96%

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

HYLD vs. QYLD - Expense Ratio Comparison

HYLD has a 1.29% expense ratio, which is higher than QYLD's 0.60% expense ratio.

HYLD

High Yield ETF

QYLD

Global X NASDAQ 100 Covered Call ETF

Return for Risk

HYLD vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QYLD

QYLD Risk / Return Rank: 68
QYLD Sharpe Ratio Rank: 54
QYLD Sortino Ratio Rank: 61
QYLD Omega Ratio Rank: 79
QYLD Calmar Ratio Rank: 59
QYLD Martin Ratio Rank: 85

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.

HYLD vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for High Yield ETF (HYLD) 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.

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

Sharpe Ratios by Period

	HYLD	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.00	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.56	—

Correlation

The correlation between HYLD and QYLD is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HYLD vs. QYLD - Dividend Comparison

HYLD has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.85%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%
QYLD Global X NASDAQ 100 Covered Call ETF	11.85%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%

Drawdowns

Drawdown Indicators

	HYLD	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	—	-24.75%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.84%	—
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	—	-1.84%	—
Average Drawdown Average peak-to-trough decline	—	-3.89%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.65%	—

Volatility

Volatility by Period

	HYLD	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.43%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.84%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.51%	—