ORC vs. QYLG

Last updated Jun 24, 2026

ORC (Orchid Island Capital, Inc.) is a stock, while QYLG (Global X Nasdaq 100 Covered Call & Growth ETF) is Nasdaq-100 fund tracking the CBOE Nasdaq-100 BuyWrite V2 Index. Over the past 5 years, ORC returned -8.28%/yr vs 12.12%/yr for QYLG. At a 0.40 correlation, their price movements are largely independent.

Performance

ORC vs. QYLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Orchid Island Capital, Inc. (ORC) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ORC achieves a 1.54% return, which is significantly lower than QYLG's 12.38% return.

ORC

• 1D: 2.27%
• 1M: 1.61%
• YTD: 1.54%
• 6M: 2.11%
• 1Y: 17.55%
• 3Y*: 6.04%
• 5Y*: -8.28%
• 10Y*: -3.18%

QYLG

• 1D: -2.59%
• 1M: 0.48%
• YTD: 12.38%
• 6M: 11.55%
• 1Y: 29.18%
• 3Y*: 20.15%
• 5Y*: 12.12%
• 10Y*: —

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

ORC vs. QYLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ORC Orchid Island Capital, Inc.	1.54%	12.66%	9.87%	-3.10%	-41.63%	0.07%	8.58%
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	12.38%	15.29%	22.02%	38.73%	-26.27%	18.29%	13.88%

Correlation

The correlation between ORC and QYLG is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 22, 2020	0.40

The correlation between ORC and QYLG shifts across timeframes, from 0.31 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ORC vs. QYLG — Risk / Return Rank

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

ORC

ORC Risk / Return Rank: 63
ORC Sharpe Ratio Rank: 68
ORC Sortino Ratio Rank: 61
ORC Omega Ratio Rank: 60
ORC Calmar Ratio Rank: 64
ORC Martin Ratio Rank: 65

QYLG

QYLG Risk / Return Rank: 71
QYLG Sharpe Ratio Rank: 69
QYLG Sortino Ratio Rank: 66
QYLG Omega Ratio Rank: 70
QYLG Calmar Ratio Rank: 72
QYLG Martin Ratio Rank: 80

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.

ORC vs. QYLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Orchid Island Capital, Inc. (ORC) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG). 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.

	ORC	QYLG	Difference
Sharpe ratio: Return per unit of total volatility	0.82	2.15	-1.33
Sortino ratio: Return per unit of downside risk	1.23	2.89	-1.66
Omega ratio: Gain probability vs. loss probability	1.15	1.39	-0.24
Calmar ratio: Return relative to maximum drawdown	1.06	3.48	-2.42
Martin ratio: Return relative to average drawdown	2.39	15.22	-12.83

ORC vs. QYLG - Sharpe Ratio Comparison

The current ORC Sharpe Ratio is 0.82, which is lower than the QYLG Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of ORC and QYLG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ORC vs. QYLG - Drawdown Comparison

The maximum ORC drawdown since its inception was -75.77%, which is greater than QYLG's maximum drawdown of -29.98%. Use the drawdown chart below to compare losses from any high point for ORC and QYLG.

Drawdown Indicators

	ORC	QYLG	Difference
Max Drawdown Largest peak-to-trough decline	-75.77%	-29.98%	-45.79%
Max Drawdown (1Y) Largest decline over 1 year	-16.58%	-8.42%	-8.16%
Max Drawdown (3Y) Largest decline over 3 years	-43.06%	-20.75%	-22.31%
Max Drawdown (5Y) Largest decline over 5 years	-64.80%	-29.98%	-34.82%
Max Drawdown (10Y) Largest decline over 10 years	-75.77%	—	—
Current Drawdown Current decline from peak	-45.26%	-2.94%	-42.32%
Average Drawdown Average peak-to-trough decline	-28.86%	-6.37%	-22.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.37%	1.92%	+5.45%

Volatility

ORC vs. QYLG - Volatility Comparison

Orchid Island Capital, Inc. (ORC) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) have volatilities of 6.82% and 6.71%, 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

	ORC	QYLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	6.71%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	17.88%	11.50%	+6.38%
Volatility (1Y) Calculated over the trailing 1-year period	21.51%	13.67%	+7.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.80%	18.19%	+11.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.74%	18.05%	+19.69%

Dividends

ORC vs. QYLG - Dividend Comparison

ORC's dividend yield for the trailing twelve months is around 20.68%, more than QYLG's 16.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ORC Orchid Island Capital, Inc.	20.68%	20.00%	18.51%	21.35%	29.67%	17.33%	15.13%	16.41%	16.74%	18.10%	15.51%	19.34%
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	16.69%	17.93%	25.27%	5.43%	6.91%	10.15%	1.44%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ORC and QYLG in my portfolio?

ORC and QYLG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ORC or QYLG?

ORC has higher volatility (6.82%) compared to QYLG (6.71%). In terms of maximum drawdown, ORC dropped -75.77% vs QYLG's -29.98%.

Which has better risk-adjusted returns?

QYLG currently has the higher Sharpe Ratio (2.15 vs 0.82), 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.