QYLD vs. QRMI
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI).
QYLD and QRMI 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. QRMI is an actively managed fund by Global X. It was launched on Aug 25, 2021.
Performance
QYLD vs. QRMI - Performance Comparison
Loading graphics...
QYLD vs. QRMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 0.61% | 9.28% | 19.35% | 22.77% | -19.08% | 2.04% |
QRMI Global X NASDAQ 100 Risk Managed Income ETF | -2.50% | 3.76% | 14.72% | 11.73% | -18.50% | -1.88% |
Returns By Period
In the year-to-date period, QYLD achieves a 0.61% return, which is significantly higher than QRMI's -2.50% 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%
QRMI
- 1D
- 0.75%
- 1M
- -2.37%
- YTD
- -2.50%
- 6M
- 1.31%
- 1Y
- 2.76%
- 3Y*
- 6.39%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QYLD vs. QRMI - Expense Ratio Comparison
Both QYLD and QRMI have an expense ratio of 0.60%.
Return for Risk
QYLD vs. QRMI — Risk / Return Rank
QYLD
QRMI
QYLD vs. QRMI - 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 NASDAQ 100 Risk Managed Income ETF (QRMI). 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 | QRMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.36 | +0.64 |
Sortino ratioReturn per unit of downside risk | 1.61 | 0.55 | +1.06 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.08 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.55 | +1.02 |
Martin ratioReturn relative to average drawdown | 10.32 | 1.59 | +8.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| QYLD | QRMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.36 | +0.64 |
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 | 0.09 | +0.46 |
Correlation
The correlation between QYLD and QRMI is 0.80, 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. QRMI - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.85%, less than QRMI's 12.66% 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% |
QRMI Global X NASDAQ 100 Risk Managed Income ETF | 12.66% | 12.28% | 11.80% | 12.44% | 10.65% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QYLD vs. QRMI - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, which is greater than QRMI's maximum drawdown of -20.95%. Use the drawdown chart below to compare losses from any high point for QYLD and QRMI.
Loading graphics...
Drawdown Indicators
| QYLD | QRMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -20.95% | -3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -5.04% | -5.80% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | — | — |
Current DrawdownCurrent decline from peak | -1.84% | -3.54% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -8.25% | +4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.74% | -0.09% |
Volatility
QYLD vs. QRMI - Volatility Comparison
Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 4.90% compared to Global X NASDAQ 100 Risk Managed Income ETF (QRMI) at 3.02%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than QRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QYLD | QRMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 3.02% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 4.93% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 7.77% | +8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 8.46% | +6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 8.46% | +7.05% |