QYLD vs. CALM
QYLD (Global X NASDAQ 100 Covered Call ETF) is Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while CALM (Cal-Maine Foods, Inc.) is a stock. Over the past 10 years, QYLD returned 10.07%/yr vs 9.71%/yr for CALM. At a 0.17 correlation, their price movements are largely independent.
Performance
QYLD vs. CALM - Performance Comparison
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Returns By Period
In the year-to-date period, QYLD achieves a 10.20% return, which is significantly higher than CALM's -1.01% return. Both investments have delivered pretty close results over the past 10 years, with QYLD having a 10.07% annualized return and CALM not far behind at 9.71%.
QYLD
- 1D
- 2.43%
- 1M
- 4.04%
- YTD
- 10.20%
- 6M
- 10.75%
- 1Y
- 25.53%
- 3Y*
- 14.59%
- 5Y*
- 8.95%
- 10Y*
- 10.07%
CALM
- 1D
- -0.73%
- 1M
- -0.68%
- YTD
- -1.01%
- 6M
- -8.09%
- 1Y
- -20.64%
- 3Y*
- 24.07%
- 5Y*
- 22.74%
- 10Y*
- 9.71%
QYLD vs. CALM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 10.20% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
CALM Cal-Maine Foods, Inc. | -1.01% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
Correlation
The correlation between QYLD and CALM is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.17 |
The correlation between QYLD and CALM shifts across timeframes, from -0.07 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QYLD vs. CALM — Risk / Return Rank
QYLD
CALM
QYLD vs. CALM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Cal-Maine Foods, Inc. (CALM). 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.
| QYLD | CALM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.34 | ||
| Sortino ratioReturn per unit of downside risk | +4.61 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 0.91 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 5.16 | -0.56 | +5.72 |
| Martin ratioReturn relative to average drawdown | 29.06 | -0.85 | +29.91 |
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Drawdowns
QYLD vs. CALM - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum CALM drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for QYLD and CALM.
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Drawdown Indicators
| QYLD | CALM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -74.08% | +49.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -37.00% | +32.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -37.00% | +17.94% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -37.00% | +12.39% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | -39.12% | +14.37% |
Current DrawdownCurrent decline from peak | 0.00% | -31.50% | +31.50% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -30.31% | +26.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 24.26% | -23.38% |
Volatility
QYLD vs. CALM - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 4.30%, while Cal-Maine Foods, Inc. (CALM) has a volatility of 6.08%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than CALM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLD | CALM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 6.08% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.24% | 20.30% | -12.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.49% | 32.73% | -23.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 32.63% | -17.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 31.13% | -15.59% |
Dividends
QYLD vs. CALM - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.22%, more than CALM's 6.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 6.18% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.22% | 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
QYLD and CALM have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CALM has higher volatility (6.08%) compared to QYLD (4.30%). In terms of maximum drawdown, QYLD dropped -24.75% vs CALM's -74.08%.
QYLD currently has the higher Sharpe Ratio (2.70 vs -0.63), 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.
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