QYLD vs. TXN

Last updated Jun 9, 2026

QYLD (Global X NASDAQ 100 Covered Call ETF) is Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while TXN (Texas Instruments Incorporated) is a stock. Over the past 10 years, QYLD returned 9.77%/yr vs 19.97%/yr for TXN. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

QYLD vs. TXN - Performance Comparison

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

Returns By Period

In the year-to-date period, QYLD achieves a 7.05% return, which is significantly lower than TXN's 69.63% return. Over the past 10 years, QYLD has underperformed TXN with an annualized return of 9.77%, while TXN has yielded a comparatively higher 19.97% annualized return.

QYLD

• 1D: 1.07%
• 1M: 0.23%
• YTD: 7.05%
• 6M: 8.87%
• 1Y: 22.45%
• 3Y*: 13.42%
• 5Y*: 8.24%
• 10Y*: 9.77%

TXN

• 1D: 2.05%
• 1M: 1.08%
• YTD: 69.63%
• 6M: 62.64%
• 1Y: 55.42%
• 3Y*: 23.02%
• 5Y*: 12.46%
• 10Y*: 19.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QYLD vs. TXN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QYLD Global X NASDAQ 100 Covered Call ETF	7.05%	9.28%	19.35%	22.77%	-19.08%	10.41%	8.72%	22.69%	-3.07%	18.79%
TXN Texas Instruments Incorporated	69.63%	-4.47%	13.14%	6.41%	-9.86%	17.53%	31.70%	39.56%	-7.17%	46.75%

Correlation

The correlation between QYLD and TXN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Dec 13, 2013	0.60

Over the past year, the correlation between QYLD and TXN has dropped to 0.36 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

Return for Risk

QYLD vs. TXN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QYLD

QYLD Risk / Return Rank: 89
QYLD Sharpe Ratio Rank: 86
QYLD Sortino Ratio Rank: 86
QYLD Omega Ratio Rank: 92
QYLD Calmar Ratio Rank: 87
QYLD Martin Ratio Rank: 95

TXN

TXN Risk / Return Rank: 77
TXN Sharpe Ratio Rank: 81
TXN Sortino Ratio Rank: 79
TXN Omega Ratio Rank: 81
TXN Calmar Ratio Rank: 74
TXN Martin Ratio Rank: 72

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. TXN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Texas Instruments Incorporated (TXN). 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	TXN	Difference
Sharpe ratio: Return per unit of total volatility	2.56	1.40	+1.16
Sortino ratio: Return per unit of downside risk	3.53	2.19	+1.34
Omega ratio: Gain probability vs. loss probability	1.57	1.30	+0.27
Calmar ratio: Return relative to maximum drawdown	4.54	1.88	+2.66
Martin ratio: Return relative to average drawdown	26.31	3.94	+22.37
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. TXN - Sharpe Ratio Comparison

The current QYLD Sharpe Ratio is 2.56, which is higher than the TXN Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of QYLD and TXN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QYLD	TXN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	1.40	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.39	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.64	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.30	+0.29

Drawdowns

QYLD vs. TXN - Drawdown Comparison

The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum TXN drawdown of -85.81%. Use the drawdown chart below to compare losses from any high point for QYLD and TXN.

Drawdown Indicators

	QYLD	TXN	Difference
Max Drawdown Largest peak-to-trough decline	-24.75%	-85.81%	+61.06%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	-29.57%	+24.60%
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	-33.41%	+14.35%
Max Drawdown (5Y) Largest decline over 5 years	-24.61%	-33.41%	+8.80%
Max Drawdown (10Y) Largest decline over 10 years	-24.75%	-33.41%	+8.66%
Current Drawdown Current decline from peak	-0.83%	-10.46%	+9.63%
Average Drawdown Average peak-to-trough decline	-3.83%	-34.79%	+30.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	14.11%	-13.25%

Volatility

QYLD vs. TXN - Volatility Comparison

The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 2.86%, while Texas Instruments Incorporated (TXN) has a volatility of 13.93%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than TXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QYLD	TXN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	13.93%	-11.07%
Volatility (6M) Calculated over the trailing 6-month period	7.44%	30.98%	-23.54%
Volatility (1Y) Calculated over the trailing 1-year period	8.84%	39.96%	-31.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.73%	32.33%	-17.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	31.13%	-15.62%

Dividends

QYLD vs. TXN - Dividend Comparison

QYLD's dividend yield for the trailing twelve months is around 11.55%, more than TXN's 1.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QYLD Global X NASDAQ 100 Covered Call ETF	11.55%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%
TXN Texas Instruments Incorporated	1.93%	3.17%	2.81%	2.94%	2.84%	2.23%	2.27%	2.50%	2.78%	2.03%	2.25%	2.55%

Frequently Asked Questions

Can I hold both QYLD and TXN in my portfolio?

QYLD and TXN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QYLD or TXN?

TXN has higher volatility (13.93%) compared to QYLD (2.86%). In terms of maximum drawdown, QYLD dropped -24.75% vs TXN's -85.81%.

Which has better risk-adjusted returns?

QYLD currently has the higher Sharpe Ratio (2.56 vs 1.40), 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.