QYLG vs. DGRO

Last updated Aug 6, 2026

QYLG (Global X Nasdaq 100 Covered Call & Growth ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - QYLG is a Nasdaq-100 fund tracking the CBOE Nasdaq-100 BuyWrite V2 Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 5 years, QYLG returned 11.57%/yr vs 11.25%/yr for DGRO. Their 0.61 correlation means they have sometimes moved together and sometimes differently. QYLG charges 0.60%/yr vs 0.08%/yr for DGRO.

Performance

QYLG vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QYLG achieves a 13.64% return, which is significantly lower than DGRO's 15.18% return.

QYLG

• 1D: -0.36%
• 1M: -0.50%
• 6M: 14.48%
• YTD: 13.64%
• 1Y: 25.58%
• 3Y*: 19.38%
• 5Y*: 11.57%
• 10Y*: —
• ALL TIME*: 14.41%

DGRO

• 1D: 0.14%
• 1M: 2.55%
• 6M: 9.44%
• YTD: 15.18%
• 1Y: 25.02%
• 3Y*: 17.57%
• 5Y*: 11.25%
• 10Y*: 13.52%
• ALL TIME*: 12.60%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRO iShares Core Dividend Growth ETF	$109.45M	$102.77M	$110.18M
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	$1.61M	$1.47M	$1.34M

QYLG vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	13.64%	15.29%	22.02%	38.73%	-26.27%	18.29%	13.88%
DGRO iShares Core Dividend Growth ETF	15.18%	15.69%	16.62%	10.47%	-7.91%	26.64%	15.04%

Correlation

The correlation between QYLG and DGRO is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (5Y) Shows whether the relationship held over a longer period.	0.63
Correlation (All Time) Calculated using the full available price history since Sep 22, 2020	0.61

Over the past year, the correlation between QYLG and DGRO has dropped to 0.36 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

QYLG vs. DGRO - Sectors Allocation Comparison

Sectors	QYLG	DGRO
Technology	60.8%	17.3%
Communication Services	13.1%	0.1%
Consumer Cyclical	10.7%	6.5%
Consumer Defensive	6.3%	11.9%
Healthcare	3.6%	17.9%
Industrials	2.7%	11.3%
Utilities	1.2%	7.3%
Basic Materials	1.1%	2.5%
Energy	0.5%	4.8%
Financial Services	0.2%	20.4%
Real Estate	0.1%	-

Return for Risk

QYLG vs. DGRO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QYLG

QYLG Risk / Return Rank: 68
QYLG Sharpe Ratio Rank: 63
QYLG Sortino Ratio Rank: 62
QYLG Omega Ratio Rank: 61
QYLG Calmar Ratio Rank: 76
QYLG Martin Ratio Rank: 77

DGRO

DGRO Risk / Return Rank: 91
DGRO Sharpe Ratio Rank: 93
DGRO Sortino Ratio Rank: 93
DGRO Omega Ratio Rank: 92
DGRO Calmar Ratio Rank: 88
DGRO Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QYLG vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and iShares Core Dividend Growth ETF (DGRO). 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.

	QYLG	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.64	-0.93
Sortino ratio: Return per unit of downside risk	2.38	3.83	-1.45
Omega ratio: Gain probability vs. loss probability	1.30	1.49	-0.18
Calmar ratio: Return relative to maximum drawdown	3.05	3.88	-0.83
Martin ratio: Return relative to average drawdown	11.14	15.14	-4.00

QYLG vs. DGRO - Sharpe Ratio Comparison

The current QYLG Sharpe Ratio is 1.71, which is lower than the DGRO Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of QYLG and DGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QYLG vs. DGRO - Drawdown Comparison

The maximum QYLG drawdown since its inception was -29.98%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for QYLG and DGRO.

Drawdown Indicators

	QYLG	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-29.98%	-35.10%	+5.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-6.47%	-1.95%
Max Drawdown (3Y) Largest decline over 3 years	-20.75%	-14.03%	-6.72%
Max Drawdown (5Y) Largest decline over 5 years	-29.98%	-19.31%	-10.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.10%	—
Current Drawdown Current decline from peak	-1.85%	0.00%	-1.85%
Average Drawdown Average peak-to-trough decline	-6.31%	-3.40%	-2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	1.66%	+0.64%

Volatility

QYLG vs. DGRO - Volatility Comparison

Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a higher volatility of 5.95% compared to iShares Core Dividend Growth ETF (DGRO) at 3.03%. This indicates that QYLG's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QYLG	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.95%	3.03%	+2.92%
Volatility (6M) Calculated over the trailing 6-month period	12.95%	7.16%	+5.79%
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	9.52%	+5.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.41%	13.80%	+4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	16.58%	+1.51%

QYLG vs. DGRO - Expense Ratio Comparison

QYLG has a 0.60% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

QYLG vs. DGRO - Dividend Comparison

QYLG's dividend yield for the trailing twelve months is around 17.10%, more than DGRO's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.86%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	17.10%	17.93%	25.27%	5.43%	6.91%	10.15%	1.44%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QYLG and DGRO in my portfolio?

QYLG and DGRO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QYLG or DGRO?

QYLG has higher volatility (5.95%) compared to DGRO (3.03%). In terms of maximum drawdown, QYLG dropped -29.98% vs DGRO's -35.10%.

Which ETF is better, QYLG or DGRO?

On 5-year performance, QYLG leads with 11.57% vs 11.25% for DGRO. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 3.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QYLG or DGRO?

Over the 5-year period, QYLG has performed better with a 11.57% return vs 11.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QYLG or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.60% for QYLG.

Which ETF pays a higher dividend yield, QYLG or DGRO?

QYLG has the higher dividend yield at 17.10%, compared with 1.86% for DGRO.

What is the main difference between QYLG and DGRO?

QYLG is categorized as Nasdaq-100, while DGRO is Large Cap Growth Equities. QYLG tracks CBOE Nasdaq-100 BuyWrite V2 Index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.60% for QYLG and 0.08% for DGRO.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.64 vs 1.71), 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.