QYLD vs. XYLD
Compare and contrast key facts about Global X NASDAQ 100 Covered Call ETF (QYLD) and Global X S&P 500 Covered Call ETF (XYLD).
QYLD and XYLD 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. XYLD is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Jun 24, 2013. Both QYLD and XYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QYLD vs. XYLD - Performance Comparison
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QYLD vs. XYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 0.02% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
XYLD Global X S&P 500 Covered Call ETF | -1.04% | 8.02% | 19.49% | 11.10% | -12.05% | 19.59% | -0.56% | 21.41% | -6.09% | 16.49% |
Returns By Period
In the year-to-date period, QYLD achieves a 0.02% return, which is significantly higher than XYLD's -1.04% return. Over the past 10 years, QYLD has outperformed XYLD with an annualized return of 8.89%, while XYLD has yielded a comparatively lower 7.87% annualized return.
QYLD
- 1D
- 2.69%
- 1M
- -1.52%
- YTD
- 0.02%
- 6M
- 7.09%
- 1Y
- 16.31%
- 3Y*
- 12.97%
- 5Y*
- 6.88%
- 10Y*
- 8.89%
XYLD
- 1D
- 2.01%
- 1M
- -2.96%
- YTD
- -1.04%
- 6M
- 5.33%
- 1Y
- 10.53%
- 3Y*
- 10.21%
- 5Y*
- 6.95%
- 10Y*
- 7.87%
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QYLD vs. XYLD - Expense Ratio Comparison
Both QYLD and XYLD have an expense ratio of 0.60%.
Return for Risk
QYLD vs. XYLD — Risk / Return Rank
QYLD
XYLD
QYLD vs. XYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Global X S&P 500 Covered Call ETF (XYLD). 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 | XYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.76 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.22 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.10 | +0.41 |
Martin ratioReturn relative to average drawdown | 9.98 | 6.46 | +3.52 |
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 | XYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.76 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.62 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.55 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.57 | -0.02 |
Correlation
The correlation between QYLD and XYLD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QYLD vs. XYLD - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.92%, more than XYLD's 10.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.92% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
XYLD Global X S&P 500 Covered Call ETF | 10.98% | 10.51% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% |
Drawdowns
QYLD vs. XYLD - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for QYLD and XYLD.
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Drawdown Indicators
| QYLD | XYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -33.46% | +8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -10.14% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -18.66% | -5.95% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | -33.46% | +8.71% |
Current DrawdownCurrent decline from peak | -2.41% | -3.39% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -3.76% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.72% | -0.08% |
Volatility
QYLD vs. XYLD - Volatility Comparison
Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 4.90% compared to Global X S&P 500 Covered Call ETF (XYLD) at 4.01%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLD | XYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.01% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 5.82% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.42% | 13.99% | +2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 11.31% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 14.23% | +1.28% |