PFFV vs. QYLD
Compare and contrast key facts about Global X Variable Rate Preferred ETF (PFFV) and Global X NASDAQ 100 Covered Call ETF (QYLD).
PFFV and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFFV is a passively managed fund by Global X that tracks the performance of the ICE U.S. Variable Rate Preferred Securities Index. It was launched on Jun 22, 2020. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. Both PFFV and QYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PFFV vs. QYLD - Performance Comparison
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PFFV vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PFFV Global X Variable Rate Preferred ETF | -0.58% | 2.08% | 9.45% | 10.64% | -13.81% | 6.35% | 13.36% |
QYLD Global X NASDAQ 100 Covered Call ETF | 0.02% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 16.63% |
Returns By Period
In the year-to-date period, PFFV achieves a -0.58% return, which is significantly lower than QYLD's 0.02% return.
PFFV
- 1D
- -0.05%
- 1M
- -2.10%
- YTD
- -0.58%
- 6M
- -1.34%
- 1Y
- -0.06%
- 3Y*
- 6.19%
- 5Y*
- 2.00%
- 10Y*
- —
QYLD
- 1D
- 2.69%
- 1M
- -1.52%
- YTD
- 0.02%
- 6M
- 7.09%
- 1Y
- 16.31%
- 3Y*
- 12.97%
- 5Y*
- 6.88%
- 10Y*
- 8.89%
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PFFV vs. QYLD - Expense Ratio Comparison
PFFV has a 0.25% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Return for Risk
PFFV vs. QYLD — Risk / Return Rank
PFFV
QYLD
PFFV vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Variable Rate Preferred ETF (PFFV) 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.
| PFFV | QYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.01 | 1.00 | -1.01 |
Sortino ratioReturn per unit of downside risk | 0.02 | 1.61 | -1.59 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.31 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.04 | 1.51 | -1.47 |
Martin ratioReturn relative to average drawdown | 0.13 | 9.98 | -9.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PFFV | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 1.00 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.47 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.55 | -0.06 |
Correlation
The correlation between PFFV and QYLD is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PFFV vs. QYLD - Dividend Comparison
PFFV's dividend yield for the trailing twelve months is around 8.35%, less than QYLD's 11.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFV Global X Variable Rate Preferred ETF | 8.35% | 8.26% | 7.33% | 7.17% | 6.60% | 5.23% | 2.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.92% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
Drawdowns
PFFV vs. QYLD - Drawdown Comparison
The maximum PFFV drawdown since its inception was -18.96%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for PFFV and QYLD.
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Drawdown Indicators
| PFFV | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.96% | -24.75% | +5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -10.84% | +6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -18.96% | -24.61% | +5.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.75% | — |
Current DrawdownCurrent decline from peak | -3.23% | -2.41% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -3.89% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.64% | -0.14% |
Volatility
PFFV vs. QYLD - Volatility Comparison
The current volatility for Global X Variable Rate Preferred ETF (PFFV) is 1.48%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 4.90%. This indicates that PFFV experiences smaller price fluctuations and is considered to be less risky 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
| PFFV | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 4.90% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 7.48% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.62% | 16.42% | -10.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.85% | 14.84% | -5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 15.51% | -6.72% |