QYLD vs. GLD
QYLD (Global X NASDAQ 100 Covered Call ETF) and GLD (SPDR Gold Shares) are both exchange-traded funds - QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, QYLD returned 9.92%/yr vs 12.33%/yr for GLD. At a 0.02 correlation, their price movements are largely independent. QYLD charges 0.60%/yr vs 0.40%/yr for GLD.
Performance
QYLD vs. GLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QYLD achieves a 8.36% return, which is significantly higher than GLD's 0.06% return. Over the past 10 years, QYLD has underperformed GLD with an annualized return of 9.92%, while GLD has yielded a comparatively higher 12.33% annualized return.
QYLD
- 1D
- 0.66%
- 1M
- 2.81%
- YTD
- 8.36%
- 6M
- 10.14%
- 1Y
- 23.80%
- 3Y*
- 13.95%
- 5Y*
- 8.41%
- 10Y*
- 9.92%
GLD
- 1D
- 2.59%
- 1M
- -4.97%
- YTD
- 0.06%
- 6M
- 0.19%
- 1Y
- 25.38%
- 3Y*
- 29.73%
- 5Y*
- 18.31%
- 10Y*
- 12.33%
QYLD vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 8.36% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
GLD SPDR Gold Shares | 0.06% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between QYLD and GLD 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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.02 |
Over the past year, QYLD and GLD have become more correlated (0.31) than their long-term average of 0.02, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QYLD vs. GLD — Risk / Return Rank
QYLD
GLD
QYLD vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.19 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 1.04 | +3.77 |
| Martin ratioReturn relative to average drawdown | 27.11 | 2.97 | +24.13 |
Loading charts...
Drawdowns
QYLD vs. GLD - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for QYLD and GLD.
Loading charts...
Drawdown Indicators
| QYLD | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -45.56% | +20.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -24.46% | +19.49% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -24.46% | +5.40% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -24.46% | -0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | -24.46% | -0.29% |
Current DrawdownCurrent decline from peak | 0.00% | -20.03% | +20.03% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -16.16% | +12.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 8.59% | -7.71% |
Volatility
QYLD vs. GLD - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 3.87%, while SPDR Gold Shares (GLD) has a volatility of 8.37%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QYLD | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 8.37% | -4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 24.21% | -16.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.19% | 27.49% | -18.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 18.26% | -3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 16.10% | -0.57% |
QYLD vs. GLD - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is higher than GLD's 0.40% expense ratio.
Dividends
QYLD vs. GLD - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.41%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 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 | 11.41% | 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 GLD 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.
GLD has higher volatility (8.37%) compared to QYLD (3.87%). In terms of maximum drawdown, QYLD dropped -24.75% vs GLD's -45.56%.
On 10-year performance, GLD leads with 12.33% vs 9.92% for QYLD. On fees, GLD is cheaper at 0.40% per year. On volatility, QYLD has been the lower-risk option at 3.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GLD has performed better with a 12.33% return vs 9.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLD is cheaper with a 0.40% expense ratio, compared with 0.60% for QYLD.
QYLD has the higher dividend yield at 11.41%, compared with 0.00% for GLD.
QYLD is categorized as Nasdaq-100, while GLD is Gold. QYLD tracks CBOE NASDAQ-100 Buy Write V2, while GLD tracks LBMA Gold Price PM. They also come from different issuers: Global X and State Street. Their fees differ too: 0.60% for QYLD and 0.40% for GLD.
QYLD currently has the higher Sharpe Ratio (2.61 vs 0.93), 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.
Find the right allocation for QYLD and GLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer