QYLD vs. VCIT
QYLD (Global X NASDAQ 100 Covered Call ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both exchange-traded funds - QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 10 years, QYLD returned 9.76%/yr vs 2.93%/yr for VCIT. At a 0.10 correlation, their price movements are largely independent. QYLD charges 0.60%/yr vs 0.03%/yr for VCIT.
Performance
QYLD vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, QYLD achieves a 7.64% return, which is significantly higher than VCIT's 0.41% return. Over the past 10 years, QYLD has outperformed VCIT with an annualized return of 9.76%, while VCIT has yielded a comparatively lower 2.93% annualized return.
QYLD
- 1D
- 0.56%
- 1M
- 0.78%
- YTD
- 7.64%
- 6M
- 9.41%
- 1Y
- 22.98%
- 3Y*
- 13.61%
- 5Y*
- 8.28%
- 10Y*
- 9.76%
VCIT
- 1D
- -0.07%
- 1M
- 0.40%
- YTD
- 0.41%
- 6M
- 0.89%
- 1Y
- 6.00%
- 3Y*
- 6.37%
- 5Y*
- 1.11%
- 10Y*
- 2.93%
QYLD vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 7.64% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 0.41% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | 5.31% |
Correlation
The correlation between QYLD and VCIT is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.10 |
Over the past year, QYLD and VCIT have become more correlated (0.31) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
QYLD vs. VCIT — Risk / Return Rank
QYLD
VCIT
QYLD vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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 | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.24 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 1.88 | +2.71 |
| Martin ratioReturn relative to average drawdown | 25.84 | 6.07 | +19.76 |
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Drawdowns
QYLD vs. VCIT - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for QYLD and VCIT.
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Drawdown Indicators
| QYLD | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -20.56% | -4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -2.96% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -6.11% | -12.95% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -20.56% | -4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | -20.56% | -4.19% |
Current DrawdownCurrent decline from peak | -0.28% | -1.13% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -3.16% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.92% | -0.04% |
Volatility
QYLD vs. VCIT - Volatility Comparison
Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 3.82% compared to Vanguard Intermediate-Term Corporate Bond ETF (VCIT) at 1.48%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLD | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 1.48% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.84% | 3.15% | +4.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.16% | 4.10% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.76% | 6.62% | +8.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 6.28% | +9.24% |
QYLD vs. VCIT - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is higher than VCIT's 0.03% expense ratio.
Dividends
QYLD vs. VCIT - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.48%, more than VCIT's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.48% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.79% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
QYLD and VCIT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QYLD has higher volatility (3.82%) compared to VCIT (1.48%). In terms of maximum drawdown, QYLD dropped -24.75% vs VCIT's -20.56%.
On 10-year performance, QYLD leads with 9.76% vs 2.93% for VCIT. On fees, VCIT is cheaper at 0.03% per year. On volatility, VCIT has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QYLD has performed better with a 9.76% return vs 2.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.60% for QYLD.
QYLD has the higher dividend yield at 11.48%, compared with 4.79% for VCIT.
QYLD is categorized as Nasdaq-100, while VCIT is Corporate Bonds. QYLD tracks CBOE NASDAQ-100 Buy Write V2, while VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index. They also come from different issuers: Global X and Vanguard. Their fees differ too: 0.60% for QYLD and 0.03% for VCIT.
QYLD currently has the higher Sharpe Ratio (2.49 vs 1.36), 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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