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QYLD vs. QQCL.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QYLD vs. QQCL.TO

Last updated Apr 3, 2026

Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO).

QYLD and QQCL.TO 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. QQCL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023.

Performance

QYLD vs. QQCL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Covered Call ETF (QYLD) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO). The values are adjusted to include any dividend payments, if applicable.

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QYLD vs. QQCL.TO - Yearly Performance Comparison

2026 (YTD)202520242023
QYLD
Global X NASDAQ 100 Covered Call ETF		0.84%9.28%19.35%3.36%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		-3.37%18.52%30.22%8.23%
Different Trading Currencies

QYLD is traded in USD, while QQCL.TO is traded in CAD. To make them comparable, the QQCL.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QYLD achieves a 0.84% return, which is significantly higher than QQCL.TO's -3.37% return.

QYLD

1D
0.23%
1M
-0.20%
YTD
0.84%
6M
7.58%
1Y
16.15%
3Y*
13.21%
5Y*
7.06%
10Y*
8.97%

QQCL.TO

1D
0.00%
1M
-2.35%
YTD
-3.37%
6M
-0.67%
1Y
22.23%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X NASDAQ 100 Covered Call ETF

Global X Enhanced NASDAQ-100 Covered Call ETF

Often compared with QYLD:
QYLD vs. JEPQQYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLG
Often compared with QQCL.TO:
QQCL.TO vs. QQC.TOQQCL.TO vs. QQCC.TOQQCL.TO vs. QMAX.TOQQCL.TO vs. HYLDQQCL.TO vs. XEQT.TOQQCL.TO vs. HTAE.TOQQCL.TO vs. VFV.TO

QYLD vs. QQCL.TO - Expense Ratio Comparison

QYLD has a 0.60% expense ratio, which is lower than QQCL.TO's 0.85% expense ratio.

QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF
QYLD
Global X NASDAQ 100 Covered Call ETF

Return for Risk

QYLD vs. QQCL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QYLD
QYLD Risk / Return Rank: 6363
Overall Rank
QYLD Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 5858
Sortino Ratio Rank
QYLD Omega Ratio Rank: 7777
Omega Ratio Rank
QYLD Calmar Ratio Rank: 5151
Calmar Ratio Rank
QYLD Martin Ratio Rank: 8181
Martin Ratio Rank
QQCL.TO
QQCL.TO Risk / Return Rank: 4343
Overall Rank
QQCL.TO Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
QQCL.TO Sortino Ratio Rank: 4242
Sortino Ratio Rank
QQCL.TO Omega Ratio Rank: 4848
Omega Ratio Rank
QQCL.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
QQCL.TO Martin Ratio Rank: 4545
Martin Ratio Rank
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. QQCL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO). 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.

QYLDQQCL.TODifference

Sharpe ratio

Return per unit of total volatility

0.99

0.90

+0.08

Sortino ratio

Return per unit of downside risk

1.60

1.46

+0.13

Omega ratio

Gain probability vs. loss probability

1.31

1.23

+0.08

Calmar ratio

Return relative to maximum drawdown

1.53

1.47

+0.07

Martin ratio

Return relative to average drawdown

10.09

7.02

+3.06

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. QQCL.TO - Sharpe Ratio Comparison

The current QYLD Sharpe Ratio is 0.99, which is comparable to the QQCL.TO Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of QYLD and QQCL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QYLDQQCL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.99

0.90

+0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

—

—

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

1.01

-0.46

Correlation

The correlation between QYLD and QQCL.TO is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QYLD vs. QQCL.TO - Dividend Comparison

QYLD's dividend yield for the trailing twelve months is around 11.83%, less than QQCL.TO's 15.59% yield.

TTM20252024202320222021202020192018201720162015
QYLD
Global X NASDAQ 100 Covered Call ETF		11.83%11.55%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF		15.59%14.54%11.87%3.68%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

QYLD vs. QQCL.TO - Drawdown Comparison

The maximum QYLD drawdown since its inception was -24.75%, roughly equal to the maximum QQCL.TO drawdown of -25.79%. Use the drawdown chart below to compare losses from any high point for QYLD and QQCL.TO.

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Drawdown Indicators

QYLDQQCL.TODifference

Max Drawdown

Largest peak-to-trough decline

-24.75%

-25.63%

+0.88%

Max Drawdown (1Y)

Largest decline over 1 year

-7.31%

-10.68%

+3.37%

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

-1.61%

-5.56%

+3.95%

Average Drawdown

Average peak-to-trough decline

-3.89%

-3.49%

-0.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.65%

4.07%

-2.42%

Volatility

QYLD vs. QQCL.TO - Volatility Comparison

The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 4.81%, while Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) has a volatility of 7.42%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than QQCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QYLDQQCL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.81%

7.42%

-2.61%

Volatility (6M)

Calculated over the trailing 6-month period

7.50%

13.40%

-5.90%

Volatility (1Y)

Calculated over the trailing 1-year period

16.42%

24.71%

-8.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.84%

21.13%

-6.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.51%

21.13%

-5.62%