IETH vs. QYLE

Last updated Apr 2, 2026

Compare and contrast key facts about Bitwise Ethereum Option Income Strategy ETF (IETH) and Global X NASDAQ 100 ESG Covered Call ETF (QYLE).

IETH and QYLE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IETH is an actively managed fund by Bitwise. It was launched on Oct 1, 2025. QYLE is a passively managed fund by Global X that tracks the performance of the Nasdaq-100 ESG BuyWrite Index - Benchmark TR Gross. It was launched on Feb 21, 2023.

Performance

IETH vs. QYLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Ethereum Option Income Strategy ETF (IETH) and Global X NASDAQ 100 ESG Covered Call ETF (QYLE). The values are adjusted to include any dividend payments, if applicable.

IETH vs. QYLE - Yearly Performance Comparison

	2026 (YTD)
IETH Bitwise Ethereum Option Income Strategy ETF	4.97%
QYLE Global X NASDAQ 100 ESG Covered Call ETF	0.00%

Returns By Period

IETH

• 1D: 1.47%
• 1M: 6.28%
• YTD: -25.73%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IETH vs. QYLE - Expense Ratio Comparison

IETH has a 0.97% expense ratio, which is higher than QYLE's 0.61% expense ratio.

IETH

Bitwise Ethereum Option Income Strategy ETF

QYLE

Global X NASDAQ 100 ESG Covered Call ETF

Return for Risk

IETH vs. QYLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Option Income Strategy ETF (IETH) and Global X NASDAQ 100 ESG Covered Call ETF (QYLE). 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

	IETH	QYLE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.08	—	—

Dividends

IETH vs. QYLE - Dividend Comparison

IETH's dividend yield for the trailing twelve months is around 39.12%, while QYLE has not paid dividends to shareholders.

	TTM	2025
IETH Bitwise Ethereum Option Income Strategy ETF	39.12%	18.26%
QYLE Global X NASDAQ 100 ESG Covered Call ETF	0.00%	0.00%

Drawdowns

IETH vs. QYLE - Drawdown Comparison

The maximum IETH drawdown since its inception was -55.94%, which is greater than QYLE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IETH and QYLE.

Drawdown Indicators

	IETH	QYLE	Difference
Max Drawdown Largest peak-to-trough decline	-55.94%	0.00%	-55.94%
Current Drawdown Current decline from peak	-48.66%	0.00%	-48.66%
Average Drawdown Average peak-to-trough decline	-33.87%	0.00%	-33.87%

Volatility

Volatility by Period

	IETH	QYLE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	67.34%	0.00%	+67.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.34%	0.00%	+67.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.34%	0.00%	+67.34%