QYLD vs. RCL
QYLD (Global X NASDAQ 100 Covered Call ETF) is Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while RCL (Royal Caribbean Cruises Ltd.) is a stock. Over the past 10 years, QYLD returned 9.59%/yr vs 15.99%/yr for RCL. At a 0.41 correlation, their price movements are largely independent.
Performance
QYLD vs. RCL - 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 RCL's 3.68% return. Over the past 10 years, QYLD has underperformed RCL with an annualized return of 9.59%, while RCL has yielded a comparatively higher 15.99% 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%
RCL
- 1D
- -0.28%
- 1M
- -8.43%
- 6M
- 4.77%
- YTD
- 3.68%
- 1Y
- -16.87%
- 3Y*
- 42.18%
- 5Y*
- 30.12%
- 10Y*
- 15.99%
- ALL TIME*
- 12.50%
QYLD vs. RCL - 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% |
RCL Royal Caribbean Cruises Ltd. | 3.68% | 22.46% | 78.98% | 161.97% | -35.72% | 2.96% | -43.50% | 39.94% | -16.13% | 48.22% |
Correlation
The correlation between QYLD and RCL is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.41 |
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Return for Risk
QYLD vs. RCL — Risk / Return Rank
QYLD
RCL
QYLD vs. RCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Royal Caribbean Cruises Ltd. (RCL). 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 | RCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.22 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.97 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | -0.52 | +4.56 |
| Martin ratioReturn relative to average drawdown | 19.75 | -0.85 | +20.60 |
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Drawdowns
QYLD vs. RCL - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum RCL drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for QYLD and RCL.
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Drawdown Indicators
| QYLD | RCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -89.49% | +64.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -32.36% | +27.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -35.02% | +15.96% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -67.64% | +43.03% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | -83.30% | +58.55% |
Current DrawdownCurrent decline from peak | -3.37% | -20.44% | +17.07% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -27.73% | +23.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 19.85% | -18.84% |
Volatility
QYLD vs. RCL - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 5.86%, while Royal Caribbean Cruises Ltd. (RCL) has a volatility of 10.01%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than RCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLD | RCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 10.01% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 37.58% | -27.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 47.08% | -36.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 48.39% | -33.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 53.32% | -37.72% |
Dividends
QYLD vs. RCL - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 12.88%, more than RCL's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RCL Royal Caribbean Cruises Ltd. | 1.75% | 1.25% | 0.41% | 0.00% | 0.00% | 0.00% | 1.04% | 2.22% | 2.66% | 1.81% | 2.08% | 1.33% |
Frequently Asked Questions
QYLD and RCL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCL has higher volatility (10.01%) compared to QYLD (5.86%). In terms of maximum drawdown, QYLD dropped -24.75% vs RCL's -89.49%.
QYLD currently has the higher Sharpe Ratio (1.86 vs -0.36), 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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