QYLD vs. TYLD
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Cambria Tactical Yield ETF (TYLD).
QYLD and TYLD 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. TYLD is an actively managed fund by Cambria. It was launched on Jan 4, 2024.
Performance
QYLD vs. TYLD - Performance Comparison
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QYLD vs. TYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 0.84% | 9.28% | 21.10% |
TYLD Cambria Tactical Yield ETF | 0.86% | 4.05% | 5.15% |
Returns By Period
The year-to-date returns for both investments are quite close, with QYLD having a 0.84% return and TYLD slightly higher at 0.86%.
QYLD
- 1D
- 0.23%
- 1M
- -1.11%
- YTD
- 0.84%
- 6M
- 7.58%
- 1Y
- 20.75%
- 3Y*
- 13.21%
- 5Y*
- 7.06%
- 10Y*
- 8.97%
TYLD
- 1D
- 0.02%
- 1M
- 0.35%
- YTD
- 0.86%
- 6M
- 1.91%
- 1Y
- 3.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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QYLD vs. TYLD - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is higher than TYLD's 0.59% expense ratio.
Return for Risk
QYLD vs. TYLD — Risk / Return Rank
QYLD
TYLD
QYLD vs. TYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Cambria Tactical Yield ETF (TYLD). 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 | TYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 3.12 | -2.13 |
Sortino ratioReturn per unit of downside risk | 1.60 | 4.75 | -3.15 |
Omega ratioGain probability vs. loss probability | 1.31 | 2.01 | -0.70 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 8.13 | -6.60 |
Martin ratioReturn relative to average drawdown | 10.09 | 35.23 | -25.15 |
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 | TYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 3.12 | -2.13 |
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 | 2.49 | -1.93 |
Correlation
The correlation between QYLD and TYLD is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QYLD vs. TYLD - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.83%, more than TYLD's 4.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TYLD Cambria Tactical Yield ETF | 4.72% | 4.38% | 4.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QYLD vs. TYLD - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, which is greater than TYLD's maximum drawdown of -1.06%. Use the drawdown chart below to compare losses from any high point for QYLD and TYLD.
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Drawdown Indicators
| QYLD | TYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -1.06% | -23.69% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -0.52% | -4.45% |
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 | -1.61% | 0.00% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -0.11% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 0.12% | +1.53% |
Volatility
QYLD vs. TYLD - Volatility Comparison
Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 4.81% compared to Cambria Tactical Yield ETF (TYLD) at 0.24%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than TYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLD | TYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 0.24% | +4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 0.50% | +7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.42% | 1.34% | +15.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 1.82% | +13.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 1.82% | +13.69% |