QYLD vs. QQQX
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX).
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. QQQX is a passively managed fund by Nuveen that tracks the performance of the Nasdaq 100 Index. It was launched on Jan 30, 2007. Both QYLD and QQQX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QYLD vs. QQQX - Performance Comparison
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QYLD vs. QQQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 0.61% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund | -0.51% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 15.75% | 28.83% | -11.68% | 39.19% |
Returns By Period
In the year-to-date period, QYLD achieves a 0.61% return, which is significantly higher than QQQX's -0.51% return. Over the past 10 years, QYLD has underperformed QQQX with an annualized return of 8.96%, while QQQX has yielded a comparatively higher 11.87% annualized 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%
QQQX
- 1D
- 4.05%
- 1M
- 1.77%
- YTD
- -0.51%
- 6M
- 4.98%
- 1Y
- 26.55%
- 3Y*
- 13.53%
- 5Y*
- 8.16%
- 10Y*
- 11.87%
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QYLD vs. QQQX - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is lower than QQQX's 0.92% expense ratio.
Return for Risk
QYLD vs. QQQX — Risk / Return Rank
QYLD
QQQX
QYLD vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX). 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 | QQQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.26 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.87 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.10 | -0.53 |
Martin ratioReturn relative to average drawdown | 10.32 | 10.38 | -0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QYLD | QQQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.26 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.41 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.57 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.46 | +0.10 |
Correlation
The correlation between QYLD and QQQX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QYLD vs. QQQX - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.85%, more than QQQX's 8.27% 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% |
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund | 8.27% | 7.85% | 6.73% | 7.26% | 9.66% | 5.85% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% |
Drawdowns
QYLD vs. QQQX - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for QYLD and QQQX.
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Drawdown Indicators
| QYLD | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -57.25% | +32.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -12.93% | +2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -29.33% | +4.72% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | -35.96% | +11.21% |
Current DrawdownCurrent decline from peak | -1.84% | -0.86% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -8.09% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.61% | -0.96% |
Volatility
QYLD vs. QQQX - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 4.90%, while Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) has a volatility of 8.15%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLD | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 8.15% | -3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 11.99% | -4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 21.13% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 19.80% | -4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 21.05% | -5.54% |