MVO vs. QYLD
MVO (MV Oil Trust) is a stock, while QYLD (Global X NASDAQ 100 Covered Call ETF) is Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Over the past 10 years, MVO returned 3.28%/yr vs 9.59%/yr for QYLD. Their 0.11 correlation means their historical movements had little consistent relationship.
Performance
MVO vs. QYLD - Performance Comparison
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Returns By Period
In the year-to-date period, MVO achieves a 90.68% return, which is significantly higher than QYLD's 7.67% return. Over the past 10 years, MVO has underperformed QYLD with an annualized return of 3.28%, while QYLD has yielded a comparatively higher 9.59% annualized return.
MVO
- 1D
- 0.00%
- 1M
- 24.92%
- 6M
- 43.85%
- YTD
- 90.68%
- 1Y
- -56.37%
- 3Y*
- -35.28%
- 5Y*
- -9.24%
- 10Y*
- 3.28%
- ALL TIME*
- 0.09%
QYLD
- 1D
- 0.65%
- 1M
- -0.98%
- 6M
- 5.88%
- YTD
- 7.67%
- 1Y
- 20.66%
- 3Y*
- 12.32%
- 5Y*
- 7.83%
- 10Y*
- 9.59%
- ALL TIME*
- 8.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MVO MV Oil Trust | $197.49K | $403.62K | $333.85K |
| $83.30M | $78.68M | $98.28M |
MVO vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MVO MV Oil Trust | 90.68% | -82.24% | -22.69% | -18.19% | 123.83% | 225.88% | -44.46% | 2.30% | -4.24% | 51.17% |
QYLD Global X NASDAQ 100 Covered Call ETF | 7.67% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
Correlation
The correlation between MVO and QYLD is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.11 |
The correlation between MVO and QYLD shifts across timeframes, from -0.04 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MVO vs. QYLD — Risk / Return Rank
MVO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QYLD
MVO vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MV Oil Trust (MVO) 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.
| MVO | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.35 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 3.38 | -4.05 |
| Martin ratioReturn relative to average drawdown | -1.02 | 15.70 | -16.72 |
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Drawdowns
MVO vs. QYLD - Drawdown Comparison
The maximum MVO drawdown since its inception was -92.18%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for MVO and QYLD.
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Drawdown Indicators
| MVO | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.18% | -24.75% | -67.43% |
Max Drawdown (1Y)Largest decline over 1 year | -85.51% | -5.78% | -79.73% |
Max Drawdown (3Y)Largest decline over 3 years | -91.39% | -19.06% | -72.33% |
Max Drawdown (5Y)Largest decline over 5 years | -92.18% | -24.61% | -67.57% |
Max Drawdown (10Y)Largest decline over 10 years | -92.18% | -24.75% | -67.43% |
Current DrawdownCurrent decline from peak | -78.58% | -2.96% | -75.62% |
Average DrawdownAverage peak-to-trough decline | -41.43% | -3.81% | -37.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.57% | 1.24% | +55.33% |
Volatility
MVO vs. QYLD - Volatility Comparison
MV Oil Trust (MVO) has a higher volatility of 128.68% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 5.19%. This indicates that MVO'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
| MVO | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 128.68% | 5.19% | +123.49% |
Volatility (6M)Calculated over the trailing 6-month period | 149.47% | 10.04% | +139.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 221.47% | 11.26% | +210.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.19% | 15.04% | +93.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.03% | 15.63% | +72.40% |
Dividends
MVO vs. QYLD - Dividend Comparison
MVO has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVO MV Oil Trust | 186.20% | 72.98% | 19.12% | 12.15% | 13.59% | 11.16% | 15.71% | 16.75% | 20.29% | 8.57% | 6.42% | 26.18% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.89% | 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
MVO and QYLD have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVO has higher volatility (128.68%) compared to QYLD (5.19%). In terms of maximum drawdown, MVO dropped -92.18% vs QYLD's -24.75%.
QYLD currently has the higher Sharpe Ratio (1.73 vs -0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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