QYLD vs. MSFT
QYLD (Global X NASDAQ 100 Covered Call ETF) is Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, QYLD returned 9.59%/yr vs 23.18%/yr for MSFT. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
QYLD vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, QYLD achieves a 7.22% return, which is significantly higher than MSFT's -16.45% return. Over the past 10 years, QYLD has underperformed MSFT with an annualized return of 9.59%, while MSFT has yielded a comparatively higher 23.18% annualized return.
QYLD
- 1D
- 0.16%
- 1M
- -2.71%
- 6M
- 5.96%
- YTD
- 7.22%
- 1Y
- 19.97%
- 3Y*
- 12.62%
- 5Y*
- 7.90%
- 10Y*
- 9.59%
- ALL TIME*
- 8.55%
MSFT
- 1D
- 2.15%
- 1M
- 6.03%
- 6M
- -12.13%
- YTD
- -16.45%
- 1Y
- -20.50%
- 3Y*
- 6.20%
- 5Y*
- 8.30%
- 10Y*
- 23.18%
- ALL TIME*
- 24.73%
QYLD vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 7.22% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
MSFT Microsoft Corporation | -16.45% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between QYLD and MSFT is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.65 |
Over the past year, the correlation between QYLD and MSFT has dropped to 0.30 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
QYLD vs. MSFT — Risk / Return Rank
QYLD
MSFT
QYLD vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.60 | ||
| Sortino ratioReturn per unit of downside risk | +3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.88 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | -0.60 | +4.63 |
| Martin ratioReturn relative to average drawdown | 19.75 | -1.10 | +20.84 |
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Drawdowns
QYLD vs. MSFT - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for QYLD and MSFT.
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Drawdown Indicators
| QYLD | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -69.38% | +44.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -34.50% | +29.53% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -34.50% | +15.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -37.15% | +12.54% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | -37.15% | +12.40% |
Current DrawdownCurrent decline from peak | -3.37% | -25.32% | +21.95% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -21.80% | +17.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 18.74% | -17.73% |
Volatility
QYLD vs. MSFT - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 5.86%, while Microsoft Corporation (MSFT) has a volatility of 10.25%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLD | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 10.25% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 24.51% | -14.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 27.52% | -16.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 27.07% | -12.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 27.15% | -11.55% |
Dividends
QYLD vs. MSFT - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 12.88%, more than MSFT's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.88% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
QYLD Global X NASDAQ 100 Covered Call ETF | 12.88% | 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 MSFT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.25%) compared to QYLD (5.86%). In terms of maximum drawdown, QYLD dropped -24.75% vs MSFT's -69.38%.
QYLD currently has the higher Sharpe Ratio (1.86 vs -0.75), 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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