QYLD vs. USOY
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Defiance Oil Enhanced Options Income ETF (USOY).
QYLD and USOY 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. USOY is an actively managed fund by Defiance. It was launched on May 9, 2024.
Performance
QYLD vs. USOY - Performance Comparison
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QYLD vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 0.61% | 9.28% | 12.64% |
USOY Defiance Oil Enhanced Options Income ETF | 59.52% | -7.93% | 7.27% |
Returns By Period
In the year-to-date period, QYLD achieves a 0.61% return, which is significantly lower than USOY's 59.52% 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%
USOY
- 1D
- -0.43%
- 1M
- 30.11%
- YTD
- 59.52%
- 6M
- 55.51%
- 1Y
- 43.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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QYLD vs. USOY - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is lower than USOY's 1.22% expense ratio.
Return for Risk
QYLD vs. USOY — Risk / Return Rank
QYLD
USOY
QYLD vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Defiance Oil Enhanced Options Income ETF (USOY). 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 | USOY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.71 | -0.71 |
Sortino ratioReturn per unit of downside risk | 1.61 | 2.16 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.78 | -1.21 |
Martin ratioReturn relative to average drawdown | 10.32 | 5.23 | +5.10 |
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 | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.71 | -0.71 |
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 | 1.23 | -0.67 |
Correlation
The correlation between QYLD and USOY is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
QYLD vs. USOY - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.85%, less than USOY's 56.23% 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% |
USOY Defiance Oil Enhanced Options Income ETF | 56.23% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QYLD vs. USOY - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for QYLD and USOY.
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Drawdown Indicators
| QYLD | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -17.46% | -7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -15.70% | +4.86% |
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% | -0.97% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -6.55% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 8.34% | -6.69% |
Volatility
QYLD vs. USOY - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 4.90%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 12.05%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLD | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 12.05% | -7.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 18.34% | -10.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 25.35% | -8.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 22.35% | -7.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 22.35% | -6.84% |