QYLE vs. ULTY

Last updated Apr 1, 2026

Compare and contrast key facts about Global X NASDAQ 100 ESG Covered Call ETF (QYLE) and YieldMax Ultra Option Income Strategy ETF (ULTY).

QYLE and ULTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLE is a passively managed fund by Global X that tracks the performance of the Nasdaq-100 ESG BuyWrite Index - Benchmark TR Gross. It was launched on Feb 21, 2023. ULTY is an actively managed fund by YieldMax. It was launched on Feb 28, 2024.

Performance

QYLE vs. ULTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 ESG Covered Call ETF (QYLE) and YieldMax Ultra Option Income Strategy ETF (ULTY). The values are adjusted to include any dividend payments, if applicable.

QYLE vs. ULTY - Yearly Performance Comparison

	2026 (YTD)
QYLE Global X NASDAQ 100 ESG Covered Call ETF	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	-4.81%

Returns By Period

QYLE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTY

• 1D: 4.11%
• 1M: -7.74%
• YTD: -3.71%
• 6M: -18.53%
• 1Y: 11.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QYLE vs. ULTY - Expense Ratio Comparison

QYLE has a 0.61% expense ratio, which is lower than ULTY's 1.14% expense ratio.

ULTY

YieldMax Ultra Option Income Strategy ETF

QYLE

Global X NASDAQ 100 ESG Covered Call ETF

Return for Risk

QYLE vs. ULTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ULTY

ULTY Risk / Return Rank: 25
ULTY Sharpe Ratio Rank: 28
ULTY Sortino Ratio Rank: 28
ULTY Omega Ratio Rank: 27
ULTY Calmar Ratio Rank: 23
ULTY Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QYLE vs. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 ESG Covered Call ETF (QYLE) and YieldMax Ultra Option Income Strategy ETF (ULTY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QYLE	ULTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.07	—

Dividends

QYLE vs. ULTY - Dividend Comparison

QYLE has not paid dividends to shareholders, while ULTY's dividend yield for the trailing twelve months is around 131.16%.

	TTM	2025	2024
QYLE Global X NASDAQ 100 ESG Covered Call ETF	0.00%	0.00%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	131.16%	142.99%	111.70%

Drawdowns

QYLE vs. ULTY - Drawdown Comparison

The maximum QYLE drawdown since its inception was 0.00%, smaller than the maximum ULTY drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for QYLE and ULTY.

Drawdown Indicators

	QYLE	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-26.85%	+26.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.16%	—
Current Drawdown Current decline from peak	0.00%	-21.05%	+21.05%
Average Drawdown Average peak-to-trough decline	0.00%	-9.04%	+9.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.04%	—

Volatility

Volatility by Period

	QYLE	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	25.30%	-25.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	27.64%	-27.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	27.64%	-27.64%