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LEAD vs. QYLD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

LEAD vs. QYLD

Last updated Apr 1, 2026

Compare and contrast key facts about Siren DIVCON Leaders Dividend ETF (LEAD) and Global X NASDAQ 100 Covered Call ETF (QYLD).

LEAD and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LEAD is a passively managed fund by SRN Advisors that tracks the performance of the Siren DIVCON Leaders Dividend Index. It was launched on Jan 6, 2016. 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. Both LEAD and QYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

LEAD vs. QYLD - Performance Comparison

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

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LEAD vs. QYLD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LEAD
Siren DIVCON Leaders Dividend ETF		0.76%15.52%10.32%26.25%-18.16%29.69%23.41%33.75%-6.63%24.89%
QYLD
Global X NASDAQ 100 Covered Call ETF		0.02%9.28%19.35%22.77%-19.08%10.41%8.72%22.69%-3.07%18.79%

Returns By Period

In the year-to-date period, LEAD achieves a 0.76% return, which is significantly higher than QYLD's 0.02% return. Over the past 10 years, LEAD has outperformed QYLD with an annualized return of 13.14%, while QYLD has yielded a comparatively lower 8.89% annualized return.

LEAD

1D
2.93%
1M
-5.30%
YTD
0.76%
6M
1.13%
1Y
19.19%
3Y*
14.10%
5Y*
10.07%
10Y*
13.14%

QYLD

1D
2.69%
1M
-1.52%
YTD
0.02%
6M
7.09%
1Y
16.31%
3Y*
12.97%
5Y*
6.88%
10Y*
8.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Siren DIVCON Leaders Dividend ETF

Global X NASDAQ 100 Covered Call ETF

Often compared with LEAD:
LEAD vs. SPYLEAD vs. VIGLEAD vs. SCHDLEAD vs. DSTLLEAD vs. DGROLEAD vs. VOOLEAD vs. VYM
Often compared with QYLD:
QYLD vs. JEPQQYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLG

LEAD vs. QYLD - Expense Ratio Comparison

LEAD has a 0.43% expense ratio, which is lower than QYLD's 0.60% expense ratio.

QYLD
Global X NASDAQ 100 Covered Call ETF
LEAD
Siren DIVCON Leaders Dividend ETF

Return for Risk

LEAD vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LEAD
LEAD Risk / Return Rank: 6565
Overall Rank
LEAD Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
LEAD Sortino Ratio Rank: 6161
Sortino Ratio Rank
LEAD Omega Ratio Rank: 5656
Omega Ratio Rank
LEAD Calmar Ratio Rank: 7272
Calmar Ratio Rank
LEAD Martin Ratio Rank: 7777
Martin Ratio Rank
QYLD
QYLD Risk / Return Rank: 7272
Overall Rank
QYLD Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 6767
Sortino Ratio Rank
QYLD Omega Ratio Rank: 8383
Omega Ratio Rank
QYLD Calmar Ratio Rank: 6565
Calmar Ratio Rank
QYLD Martin Ratio Rank: 8787
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.

LEAD vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siren DIVCON Leaders Dividend ETF (LEAD) 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.

LEADQYLDDifference

Sharpe ratio

Return per unit of total volatility

1.04

1.00

+0.04

Sortino ratio

Return per unit of downside risk

1.57

1.61

-0.04

Omega ratio

Gain probability vs. loss probability

1.21

1.31

-0.10

Calmar ratio

Return relative to maximum drawdown

1.86

1.51

+0.35

Martin ratio

Return relative to average drawdown

8.30

9.98

-1.68

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEAD vs. QYLD - Sharpe Ratio Comparison

The current LEAD Sharpe Ratio is 1.04, which is comparable to the QYLD Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of LEAD and QYLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

LEADQYLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.04

1.00

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.47

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

0.58

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.55

+0.18

Correlation

The correlation between LEAD and QYLD is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

LEAD vs. QYLD - Dividend Comparison

LEAD's dividend yield for the trailing twelve months is around 0.66%, less than QYLD's 11.92% yield.

TTM20252024202320222021202020192018201720162015
LEAD
Siren DIVCON Leaders Dividend ETF		0.66%0.70%0.93%1.13%1.27%1.79%0.81%1.32%1.38%0.97%1.38%0.00%
QYLD
Global X NASDAQ 100 Covered Call ETF		11.92%11.55%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%

Drawdowns

LEAD vs. QYLD - Drawdown Comparison

The maximum LEAD drawdown since its inception was -32.19%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for LEAD and QYLD.

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Drawdown Indicators

LEADQYLDDifference

Max Drawdown

Largest peak-to-trough decline

-32.19%

-24.75%

-7.44%

Max Drawdown (1Y)

Largest decline over 1 year

-10.87%

-10.84%

-0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-24.93%

-24.61%

-0.32%

Max Drawdown (10Y)

Largest decline over 10 years

-32.19%

-24.75%

-7.44%

Current Drawdown

Current decline from peak

-5.97%

-2.41%

-3.56%

Average Drawdown

Average peak-to-trough decline

-4.48%

-3.89%

-0.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.43%

1.64%

+0.79%

Volatility

LEAD vs. QYLD - Volatility Comparison

Siren DIVCON Leaders Dividend ETF (LEAD) has a higher volatility of 5.87% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 4.90%. This indicates that LEAD'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

LEADQYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.87%

4.90%

+0.97%

Volatility (6M)

Calculated over the trailing 6-month period

11.58%

7.48%

+4.10%

Volatility (1Y)

Calculated over the trailing 1-year period

18.53%

16.42%

+2.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.27%

14.84%

+2.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.60%

15.51%

+3.09%