NDIA vs. QYLD

Last updated Jun 4, 2026

NDIA (Global X Funds - Global X India Active ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - NDIA is a Asia Pacific Equities fund actively managed by Global X, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. NDIA is actively managed, while QYLD is passively managed. Over the past year, NDIA returned -11.74% vs 23.93% for QYLD. At a 0.36 correlation, their price movements are largely independent. NDIA charges 0.76%/yr vs 0.60%/yr for QYLD.

Performance

NDIA vs. QYLD - Performance Comparison

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

Returns By Period

In the year-to-date period, NDIA achieves a -12.77% return, which is significantly lower than QYLD's 7.88% return.

NDIA

• 1D: -1.01%
• 1M: -3.40%
• YTD: -12.77%
• 6M: -11.47%
• 1Y: -11.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLD

• 1D: -0.06%
• 1M: 1.62%
• YTD: 7.88%
• 6M: 9.97%
• 1Y: 23.93%
• 3Y*: 13.80%
• 5Y*: 8.43%
• 10Y*: 9.80%

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

NDIA vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NDIA Global X Funds - Global X India Active ETF	-12.77%	5.04%	5.75%	12.71%
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	9.28%	19.35%	5.28%

Correlation

The correlation between NDIA and QYLD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Aug 21, 2023	0.36

NDIA vs. QYLD - Sectors Allocation Comparison

Sectors	NDIA	QYLD
Financial Services	32.7%	0.2%
Consumer Cyclical	11.0%	12.3%
Industrials	10.3%	2.8%
Energy	9.9%	0.6%
Technology	7.1%	53.8%
Basic Materials	7.0%	1.1%
Consumer Defensive	6.3%	7.7%
Communication Services	5.6%	15.8%
Utilities	3.6%	1.4%
Healthcare	3.4%	4.2%
Real Estate	3.0%	0.1%

Return for Risk

NDIA vs. QYLD — Risk / Return Rank

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

NDIA

NDIA Risk / Return Rank: 3
NDIA Sharpe Ratio Rank: 3
NDIA Sortino Ratio Rank: 3
NDIA Omega Ratio Rank: 3
NDIA Calmar Ratio Rank: 3
NDIA Martin Ratio Rank: 1

QYLD

QYLD Risk / Return Rank: 88
QYLD Sharpe Ratio Rank: 84
QYLD Sortino Ratio Rank: 85
QYLD Omega Ratio Rank: 92
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 94

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.

NDIA vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Funds - Global X India Active ETF (NDIA) 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.

	NDIA	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	2.80	-3.55
Sortino ratio: Return per unit of downside risk	-1.01	3.92	-4.93
Omega ratio: Gain probability vs. loss probability	0.88	1.63	-0.75
Calmar ratio: Return relative to maximum drawdown	-0.65	4.84	-5.49
Martin ratio: Return relative to average drawdown	-1.64	28.36	-30.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDIA vs. QYLD - Sharpe Ratio Comparison

The current NDIA Sharpe Ratio is -0.75, which is lower than the QYLD Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of NDIA and QYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NDIA	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.75	2.80	-3.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.59	-0.38

Drawdowns

NDIA vs. QYLD - Drawdown Comparison

The maximum NDIA drawdown since its inception was -22.05%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for NDIA and QYLD.

Drawdown Indicators

	NDIA	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-22.05%	-24.75%	+2.70%
Max Drawdown (1Y) Largest decline over 1 year	-18.03%	-4.97%	-13.06%
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 Drawdown Current decline from peak	-19.11%	-0.06%	-19.05%
Average Drawdown Average peak-to-trough decline	-7.05%	-3.84%	-3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.17%	0.85%	+6.32%

Volatility

NDIA vs. QYLD - Volatility Comparison

Global X Funds - Global X India Active ETF (NDIA) has a higher volatility of 6.19% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.85%. This indicates that NDIA'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.

Volatility by Period

	NDIA	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	1.85%	+4.34%
Volatility (6M) Calculated over the trailing 6-month period	13.60%	7.12%	+6.48%
Volatility (1Y) Calculated over the trailing 1-year period	15.77%	8.58%	+7.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	14.70%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.63%	15.49%	+0.14%

NDIA vs. QYLD - Expense Ratio Comparison

NDIA has a 0.76% expense ratio, which is higher than QYLD's 0.60% expense ratio.

Dividends

NDIA vs. QYLD - Dividend Comparison

NDIA's dividend yield for the trailing twelve months is around 1.26%, less than QYLD's 11.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NDIA Global X Funds - Global X India Active ETF	1.26%	1.10%	3.66%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QYLD Global X NASDAQ 100 Covered Call ETF	11.46%	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

Can I hold both NDIA and QYLD in my portfolio?

NDIA and QYLD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NDIA or QYLD?

NDIA has higher volatility (6.19%) compared to QYLD (1.85%). In terms of maximum drawdown, NDIA dropped -22.05% vs QYLD's -24.75%.

Which ETF is better, NDIA or QYLD?

On 1-year performance, QYLD leads with 23.93% vs -11.74% for NDIA. On fees, QYLD is cheaper at 0.60% per year. On volatility, QYLD has been the lower-risk option at 1.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NDIA or QYLD?

Over the 1-year period, QYLD has performed better with a 23.93% return vs -11.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDIA or QYLD?

QYLD is cheaper with a 0.60% expense ratio, compared with 0.76% for NDIA.

Which ETF pays a higher dividend yield, NDIA or QYLD?

QYLD has the higher dividend yield at 11.46%, compared with 1.26% for NDIA.

What is the main difference between NDIA and QYLD?

NDIA is categorized as Asia Pacific Equities, while QYLD is Nasdaq-100. Their fees differ too: 0.76% for NDIA and 0.60% for QYLD.

Which has better risk-adjusted returns?

QYLD currently has the higher Sharpe Ratio (2.80 vs -0.75), 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.