QYLD vs. CRSH

Last updated Apr 2, 2026

Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and YieldMax Short TSLA Option Income Strategy ETF (CRSH).

QYLD and CRSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CRSH is an actively managed fund by YieldMax. It was launched on May 1, 2024.

Performance

QYLD vs. CRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Covered Call ETF (QYLD) and YieldMax Short TSLA Option Income Strategy ETF (CRSH). The values are adjusted to include any dividend payments, if applicable.

QYLD vs. CRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QYLD Global X NASDAQ 100 Covered Call ETF	0.61%	9.28%	13.80%
CRSH YieldMax Short TSLA Option Income Strategy ETF	18.37%	-13.40%	-51.96%

Returns By Period

In the year-to-date period, QYLD achieves a 0.61% return, which is significantly lower than CRSH's 18.37% return.

QYLD

• 1D: 0.58%
• 1M: -1.11%
• YTD: 0.61%
• 6M: 7.46%
• 1Y: 16.36%
• 3Y*: 13.19%
• 5Y*: 7.01%
• 10Y*: 8.96%

CRSH

• 1D: -1.76%
• 1M: 6.01%
• YTD: 18.37%
• 6M: 24.09%
• 1Y: -24.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QYLD vs. CRSH - Expense Ratio Comparison

QYLD has a 0.60% expense ratio, which is lower than CRSH's 0.99% expense ratio.

CRSH

YieldMax Short TSLA Option Income Strategy ETF

QYLD

Global X NASDAQ 100 Covered Call ETF

Return for Risk

QYLD vs. CRSH — Risk / Return Rank

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

QYLD

QYLD Risk / Return Rank: 68
QYLD Sharpe Ratio Rank: 54
QYLD Sortino Ratio Rank: 61
QYLD Omega Ratio Rank: 79
QYLD Calmar Ratio Rank: 59
QYLD Martin Ratio Rank: 85

CRSH

CRSH Risk / Return Rank: 4
CRSH Sharpe Ratio Rank: 3
CRSH Sortino Ratio Rank: 4
CRSH Omega Ratio Rank: 4
CRSH Calmar Ratio Rank: 3
CRSH Martin Ratio Rank: 6

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.

QYLD vs. CRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and YieldMax Short TSLA Option Income Strategy ETF (CRSH). 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.

	QYLD	CRSH	Difference
Sharpe ratio Return per unit of total volatility	1.00	-0.57	+1.57
Sortino ratio Return per unit of downside risk	1.61	-0.59	+2.20
Omega ratio Gain probability vs. loss probability	1.31	0.93	+0.38
Calmar ratio Return relative to maximum drawdown	1.57	-0.55	+2.12
Martin ratio Return relative to average drawdown	10.32	-0.75	+11.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QYLD vs. CRSH - Sharpe Ratio Comparison

The current QYLD Sharpe Ratio is 1.00, which is higher than the CRSH Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of QYLD and CRSH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QYLD	CRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	-0.57	+1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	-0.64	+1.20

Correlation

The correlation between QYLD and CRSH is -0.52. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

QYLD vs. CRSH - Dividend Comparison

QYLD's dividend yield for the trailing twelve months is around 11.85%, less than CRSH's 100.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QYLD Global X NASDAQ 100 Covered Call ETF	11.85%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%
CRSH YieldMax Short TSLA Option Income Strategy ETF	100.61%	138.78%	94.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

QYLD vs. CRSH - Drawdown Comparison

The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum CRSH drawdown of -63.68%. Use the drawdown chart below to compare losses from any high point for QYLD and CRSH.

Drawdown Indicators

	QYLD	CRSH	Difference
Max Drawdown Largest peak-to-trough decline	-24.75%	-63.68%	+38.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.84%	-48.16%	+37.32%
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	-1.84%	-53.43%	+51.59%
Average Drawdown Average peak-to-trough decline	-3.89%	-41.91%	+38.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	35.23%	-33.58%

Volatility

QYLD vs. CRSH - Volatility Comparison

The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 4.90%, while YieldMax Short TSLA Option Income Strategy ETF (CRSH) has a volatility of 8.04%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than CRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QYLD	CRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	8.04%	-3.14%
Volatility (6M) Calculated over the trailing 6-month period	7.50%	23.47%	-15.97%
Volatility (1Y) Calculated over the trailing 1-year period	16.43%	42.40%	-25.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	48.37%	-33.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	48.37%	-32.86%