ORBX vs. QYLD

Last updated Jun 24, 2026

ORBX (Global X Space Tech ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - ORBX is a Aerospace & Defense fund tracking the Global X Space Tech Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. At a 0.33 correlation, their price movements are largely independent. ORBX charges 0.50%/yr vs 0.60%/yr for QYLD.

Performance

ORBX vs. QYLD - Performance Comparison

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

Returns By Period

ORBX

• 1D: -2.53%
• 1M: -27.90%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLD

• 1D: -1.97%
• 1M: 1.41%
• YTD: 7.89%
• 6M: 7.59%
• 1Y: 22.55%
• 3Y*: 13.99%
• 5Y*: 8.26%
• 10Y*: 9.99%

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

ORBX vs. QYLD - Yearly Performance Comparison

	2026 (YTD)
ORBX Global X Space Tech ETF	-2.51%
QYLD Global X NASDAQ 100 Covered Call ETF	4.93%

Correlation

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

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 15, 2026	0.33

Return for Risk

ORBX vs. QYLD — Risk / Return Rank

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

ORBX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QYLD

QYLD Risk / Return Rank: 84
QYLD Sharpe Ratio Rank: 76
QYLD Sortino Ratio Rank: 77
QYLD Omega Ratio Rank: 87
QYLD Calmar Ratio Rank: 85
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.

ORBX vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Space Tech ETF (ORBX) 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.

	ORBX	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.34	—
Sortino ratio: Return per unit of downside risk	—	3.28	—
Omega ratio: Gain probability vs. loss probability	—	1.52	—
Calmar ratio: Return relative to maximum drawdown	—	4.56	—
Martin ratio: Return relative to average drawdown	—	25.38	—

Drawdowns

ORBX vs. QYLD - Drawdown Comparison

The maximum ORBX drawdown since its inception was -35.85%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for ORBX and QYLD.

Drawdown Indicators

	ORBX	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-35.85%	-24.75%	-11.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.97%	—
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	-35.85%	-2.10%	-33.75%
Average Drawdown Average peak-to-trough decline	-11.09%	-3.82%	-7.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.89%	—

Volatility

Volatility by Period

	ORBX	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	81.94%	9.70%	+72.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.94%	14.84%	+67.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.94%	15.56%	+66.38%

ORBX vs. QYLD - Expense Ratio Comparison

ORBX has a 0.50% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

ORBX vs. QYLD - Dividend Comparison

ORBX has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ORBX Global X Space Tech 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	11.68%	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 ORBX and QYLD in my portfolio?

ORBX 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 ETF is better, ORBX or QYLD?

On fees, ORBX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ORBX or QYLD?

ORBX is cheaper with a 0.50% expense ratio, compared with 0.60% for QYLD.

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

QYLD has the higher dividend yield at 11.68%, compared with 0.00% for ORBX.

What is the main difference between ORBX and QYLD?

ORBX is categorized as Aerospace & Defense, while QYLD is Nasdaq-100. ORBX tracks Global X Space Tech Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. Their fees differ too: 0.50% for ORBX and 0.60% for QYLD.