OMAH vs. QYLD

Last updated Jun 4, 2026

OMAH (VistaShares Target 15™ Berkshire Select Income ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - OMAH is a Derivative Income fund actively managed by VistaShares, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. OMAH is actively managed, while QYLD is passively managed. Over the past year, OMAH returned 11.44% vs 23.93% for QYLD. At a 0.46 correlation, their price movements are largely independent. OMAH charges 0.95%/yr vs 0.60%/yr for QYLD.

Performance

OMAH vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15™ Berkshire Select Income ETF (OMAH) 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, OMAH achieves a 4.56% return, which is significantly lower than QYLD's 7.88% return.

OMAH

• 1D: -0.70%
• 1M: 0.44%
• YTD: 4.56%
• 6M: 4.00%
• 1Y: 11.44%
• 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)

OMAH vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	4.56%	6.74%
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	10.18%

Correlation

The correlation between OMAH and QYLD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	0.46

The correlation between OMAH and QYLD shifts across timeframes, from 0.33 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

OMAH vs. QYLD - Sectors Allocation Comparison

Sectors	OMAH	QYLD
Financial Services	38.9%	0.2%
Consumer Defensive	16.2%	7.7%
Technology	13.6%	53.8%
Energy	10.5%	0.6%
Communication Services	9.8%	15.8%
Healthcare	7.0%	4.2%
Consumer Cyclical	4.1%	12.3%
Basic Materials	-	1.1%
Industrials	-	2.8%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

OMAH vs. QYLD — Risk / Return Rank

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

OMAH

OMAH Risk / Return Rank: 49
OMAH Sharpe Ratio Rank: 39
OMAH Sortino Ratio Rank: 38
OMAH Omega Ratio Rank: 37
OMAH Calmar Ratio Rank: 75
OMAH Martin Ratio Rank: 54

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.

OMAH vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15™ Berkshire Select Income ETF (OMAH) 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.

	OMAH	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.80	-1.38
Sortino ratio: Return per unit of downside risk	2.02	3.92	-1.90
Omega ratio: Gain probability vs. loss probability	1.25	1.63	-0.38
Calmar ratio: Return relative to maximum drawdown	3.82	4.84	-1.01
Martin ratio: Return relative to average drawdown	9.48	28.36	-18.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OMAH vs. QYLD - Sharpe Ratio Comparison

The current OMAH Sharpe Ratio is 1.43, which is lower than the QYLD Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of OMAH 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

	OMAH	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	2.80	-1.38
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	0.70	0.59	+0.11

Drawdowns

OMAH vs. QYLD - Drawdown Comparison

The maximum OMAH drawdown since its inception was -11.83%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for OMAH and QYLD.

Drawdown Indicators

	OMAH	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-11.83%	-24.75%	+12.92%
Max Drawdown (1Y) Largest decline over 1 year	-3.00%	-4.97%	+1.97%
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	-2.65%	-0.06%	-2.59%
Average Drawdown Average peak-to-trough decline	-1.26%	-3.84%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	0.85%	+0.36%

Volatility

OMAH vs. QYLD - Volatility Comparison

VistaShares Target 15™ Berkshire Select Income ETF (OMAH) and Global X NASDAQ 100 Covered Call ETF (QYLD) have volatilities of 1.93% and 1.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OMAH	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	1.85%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	5.49%	7.12%	-1.63%
Volatility (1Y) Calculated over the trailing 1-year period	8.05%	8.58%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.21%	14.70%	-1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.21%	15.49%	-2.28%

OMAH vs. QYLD - Expense Ratio Comparison

OMAH has a 0.95% expense ratio, which is higher than QYLD's 0.60% expense ratio.

Dividends

OMAH vs. QYLD - Dividend Comparison

OMAH's dividend yield for the trailing twelve months is around 15.44%, more than QYLD's 11.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OMAH VistaShares Target 15™ Berkshire Select Income ETF	15.44%	12.86%	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	11.46%	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 OMAH and QYLD in my portfolio?

OMAH and QYLD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OMAH or QYLD?

OMAH has higher volatility (1.93%) compared to QYLD (1.85%). In terms of maximum drawdown, OMAH dropped -11.83% vs QYLD's -24.75%.

Which ETF is better, OMAH or QYLD?

On 1-year performance, QYLD leads with 23.93% vs 11.44% for OMAH. On fees, QYLD is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OMAH or QYLD?

Over the 1-year period, QYLD has performed better with a 23.93% return vs 11.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OMAH or QYLD?

QYLD is cheaper with a 0.60% expense ratio, compared with 0.95% for OMAH.

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

OMAH has the higher dividend yield at 15.44%, compared with 11.46% for QYLD.

What is the main difference between OMAH and QYLD?

OMAH is categorized as Derivative Income, while QYLD is Nasdaq-100. They also come from different issuers: VistaShares and Global X. Their fees differ too: 0.95% for OMAH and 0.60% for QYLD.

Which has better risk-adjusted returns?

QYLD currently has the higher Sharpe Ratio (2.80 vs 1.43), 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.