QYLG vs. PUTW
QYLG (Global X Nasdaq 100 Covered Call & Growth ETF) and PUTW (WisdomTree PutWrite Strategy Fund) are both exchange-traded funds - QYLG is a Nasdaq-100 fund tracking the CBOE Nasdaq-100 BuyWrite V2 Index, while PUTW is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index. Both are passively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. QYLG charges 0.60%/yr vs 0.44%/yr for PUTW.
Performance
QYLG vs. PUTW - Performance Comparison
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Returns By Period
QYLG
- 1D
- 0.84%
- 1M
- -2.12%
- 6M
- 8.81%
- YTD
- 10.36%
- 1Y
- 23.14%
- 3Y*
- 17.42%
- 5Y*
- 11.09%
- 10Y*
- —
- ALL TIME*
- 13.87%
PUTW
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.64M | $1.48M | $1.35M |
QYLG vs. PUTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 10.36% | 15.29% | 22.02% | 38.73% | -26.27% | 18.29% | 13.88% |
PUTW WisdomTree PutWrite Strategy Fund | 0.00% | -2.80% | 17.19% | 14.01% | -11.11% | 20.92% | 9.34% |
Correlation
The correlation between QYLG and PUTW is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2020 | 0.63 |
The correlation between QYLG and PUTW has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
QYLG vs. PUTW — Risk / Return Rank
QYLG
PUTW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QYLG vs. PUTW - 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 WisdomTree PutWrite Strategy Fund (PUTW). 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 | PUTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | — | — |
| Martin ratioReturn relative to average drawdown | 9.39 | — | — |
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Drawdowns
QYLG vs. PUTW - Drawdown Comparison
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Drawdown Indicators
| QYLG | PUTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.98% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.98% | — | — |
Current DrawdownCurrent decline from peak | -4.69% | — | — |
Average DrawdownAverage peak-to-trough decline | -6.32% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | — | — |
Volatility
QYLG vs. PUTW - Volatility Comparison
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Volatility by Period
| QYLG | PUTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.01% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | — | — |
QYLG vs. PUTW - Expense Ratio Comparison
QYLG has a 0.60% expense ratio, which is higher than PUTW's 0.44% expense ratio.
Dividends
QYLG vs. PUTW - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 17.61%, while PUTW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PUTW WisdomTree PutWrite Strategy Fund | 0.00% | 4.16% | 11.99% | 7.63% | 2.16% | 0.00% | 1.43% | 1.47% | 5.49% | 3.33% | 2.27% |
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 17.61% | 17.93% | 25.27% | 5.43% | 6.91% | 10.15% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QYLG and PUTW 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.
On fees, PUTW is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PUTW is cheaper with a 0.44% expense ratio, compared with 0.60% for QYLG.
QYLG has the higher dividend yield at 17.61%, compared with 0.00% for PUTW.
QYLG is categorized as Nasdaq-100, while PUTW is Derivative Income. QYLG tracks CBOE Nasdaq-100 BuyWrite V2 Index, while PUTW tracks Volos U.S. Large Cap Target 2.5% PutWrite Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.60% for QYLG and 0.44% for PUTW.
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