QYLD vs. YYY
QYLD (Global X NASDAQ 100 Covered Call ETF) and YYY (Amplify CEF High Income ETF) are both exchange-traded funds - QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while YYY is a Diversified Portfolio fund tracking the Nasdaq CEF High Income™ Index. Both are passively managed. Over the past 10 years, QYLD returned 9.99%/yr vs 5.72%/yr for YYY. A 0.56 correlation means they provide meaningful diversification when combined. QYLD charges 0.60%/yr vs 3.23%/yr for YYY.
Performance
QYLD vs. YYY - Performance Comparison
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Returns By Period
In the year-to-date period, QYLD achieves a 7.89% return, which is significantly higher than YYY's 4.69% return. Over the past 10 years, QYLD has outperformed YYY with an annualized return of 9.99%, while YYY has yielded a comparatively lower 5.72% annualized return.
QYLD
- 1D
- -1.97%
- 1M
- 1.41%
- YTD
- 7.89%
- 6M
- 7.59%
- 1Y
- 22.55%
- 3Y*
- 13.99%
- 5Y*
- 8.26%
- 10Y*
- 9.99%
YYY
- 1D
- -0.16%
- 1M
- -0.13%
- YTD
- 4.69%
- 6M
- 4.24%
- 1Y
- 11.80%
- 3Y*
- 12.32%
- 5Y*
- 3.00%
- 10Y*
- 5.72%
QYLD vs. YYY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 7.89% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
YYY Amplify CEF High Income ETF | 4.69% | 13.08% | 11.86% | 12.98% | -21.78% | 14.13% | -0.86% | 21.87% | -10.21% | 13.86% |
Correlation
The correlation between QYLD and YYY is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.56 |
The correlation between QYLD and YYY has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
QYLD vs. YYY — Risk / Return Rank
QYLD
YYY
QYLD vs. YYY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and Amplify CEF High Income ETF (YYY). 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 | YYY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.26 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.56 | 1.47 | +3.09 |
| Martin ratioReturn relative to average drawdown | 25.38 | 6.33 | +19.05 |
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Drawdowns
QYLD vs. YYY - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum YYY drawdown of -42.52%. Use the drawdown chart below to compare losses from any high point for QYLD and YYY.
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Drawdown Indicators
| QYLD | YYY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -42.52% | +17.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -8.07% | +3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -13.47% | -5.59% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -27.92% | +3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | -42.52% | +17.77% |
Current DrawdownCurrent decline from peak | -2.10% | -1.08% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -6.82% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.87% | -0.98% |
Volatility
QYLD vs. YYY - Volatility Comparison
Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 4.78% compared to Amplify CEF High Income ETF (YYY) at 2.53%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than YYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLD | YYY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 2.53% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 7.22% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.70% | 8.70% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 11.37% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 13.89% | +1.67% |
QYLD vs. YYY - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is lower than YYY's 3.23% expense ratio.
Dividends
QYLD vs. YYY - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.68%, less than YYY's 12.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.68% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
YYY Amplify CEF High Income ETF | 12.59% | 12.51% | 12.50% | 12.39% | 12.36% | 9.08% | 9.79% | 9.10% | 9.73% | 8.16% | 10.34% | 10.77% |
Frequently Asked Questions
QYLD and YYY have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QYLD has higher volatility (4.78%) compared to YYY (2.53%). In terms of maximum drawdown, QYLD dropped -24.75% vs YYY's -42.52%.
On 10-year performance, QYLD leads with 9.99% vs 5.72% for YYY. On fees, QYLD is cheaper at 0.60% per year. On volatility, YYY has been the lower-risk option at 2.53%. 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 9.99% return vs 5.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QYLD is cheaper with a 0.60% expense ratio, compared with 3.23% for YYY.
YYY has the higher dividend yield at 12.59%, compared with 11.68% for QYLD.
QYLD is categorized as Nasdaq-100, while YYY is Diversified Portfolio. QYLD tracks CBOE NASDAQ-100 Buy Write V2, while YYY tracks Nasdaq CEF High Income™ Index. They also come from different issuers: Global X and Amplify. Their fees differ too: 0.60% for QYLD and 3.23% for YYY.
QYLD currently has the higher Sharpe Ratio (2.34 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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