IQQ vs. QYLD
IQQ (iShares Nasdaq 100 ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both Nasdaq-100 funds - IQQ tracks the NASDAQ-100 Index while QYLD tracks the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Their correlation of 0.92 means they have usually moved in the same direction. IQQ charges 0.10%/yr vs 0.60%/yr for QYLD.
Performance
IQQ vs. QYLD - Performance Comparison
Loading charts...
Returns By Period
IQQ
- 1D
- -0.90%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QYLD
- 1D
- 0.00%
- 1M
- -0.43%
- 6M
- 9.66%
- YTD
- 9.77%
- 1Y
- 21.90%
- 3Y*
- 13.49%
- 5Y*
- 8.10%
- 10Y*
- 9.76%
- ALL TIME*
- 8.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.00M | $35.28M | $35.28M | |
| $83.69M | $79.14M | $99.48M |
IQQ vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQQ iShares Nasdaq 100 ETF | -0.53% |
QYLD Global X NASDAQ 100 Covered Call ETF | 0.73% |
Correlation
The correlation between IQQ and QYLD is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026 | 0.92 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IQQ vs. QYLD — Risk / Return Rank
IQQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QYLD
IQQ vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq 100 ETF (IQQ) 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.
| IQQ | 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 | — | 3.81 | — |
| Martin ratioReturn relative to average drawdown | — | 17.56 | — |
Loading charts...
Drawdowns
IQQ vs. QYLD - Drawdown Comparison
The maximum IQQ drawdown since its inception was -8.80%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for IQQ and QYLD.
Loading charts...
Drawdown Indicators
| IQQ | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.80% | -24.75% | +15.95% |
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 | -1.14% | -1.07% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -3.81% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.25% | — |
Volatility
IQQ vs. QYLD - Volatility Comparison
Loading charts...
Volatility by Period
| IQQ | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 11.22% | +14.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.88% | 15.06% | +10.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 15.64% | +10.24% |
IQQ vs. QYLD - Expense Ratio Comparison
IQQ has a 0.10% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Dividends
IQQ vs. QYLD - Dividend Comparison
IQQ has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQ iShares Nasdaq 100 ETF | 0.00% | 0.00% | 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 | 11.67% | 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
With a correlation of 0.92, IQQ and QYLD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQ is cheaper with a 0.10% expense ratio, compared with 0.60% for QYLD.
QYLD has the higher dividend yield at 11.67%, compared with 0.00% for IQQ.
IQQ tracks NASDAQ-100 Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: iShares and Global X. Their fees differ too: 0.10% for IQQ and 0.60% for QYLD.
Find the right allocation for IQQ and QYLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer