QYLG vs. PUTW

Last updated Jul 14, 2026

QYLG (Global X Nasdaq 100 Covered Call & Growth ETF) and PUTW (WisdomTree Equity Premium Income Fund) are both 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. A 0.63 correlation means they provide meaningful diversification when combined. QYLG charges 0.60%/yr vs 0.44%/yr for PUTW.

Performance

QYLG vs. PUTW - 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 WisdomTree Equity Premium Income Fund (PUTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QYLG

• 1D: -1.71%
• 1M: 0.11%
• 6M: 10.91%
• YTD: 12.90%
• 1Y: 25.69%
• 3Y*: 18.73%
• 5Y*: 11.73%
• 10Y*: —

PUTW

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

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

QYLG vs. PUTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	12.90%	15.29%	22.02%	38.73%	-26.27%	18.29%	13.88%
PUTW WisdomTree Equity Premium Income 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 share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.65
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 0.58 to 0.65 - a consistent structural relationship.

QYLG vs. PUTW - Sectors Allocation Comparison

Sectors	QYLG	PUTW
Technology	58.7%	-
Communication Services	14.3%	-
Consumer Cyclical	11.4%	-
Consumer Defensive	6.4%	-
Healthcare	3.7%	-
Industrials	2.6%	-
Utilities	1.2%	-
Basic Materials	1.0%	-
Energy	0.5%	-
Financial Services	0.2%	-0.0%
Real Estate	0.1%	-

Return for Risk

QYLG vs. PUTW — Risk / Return Rank

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

QYLG

QYLG Risk / Return Rank: 73
QYLG Sharpe Ratio Rank: 71
QYLG Sortino Ratio Rank: 68
QYLG Omega Ratio Rank: 69
QYLG Calmar Ratio Rank: 75
QYLG Martin Ratio Rank: 83

PUTW

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

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.

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 Equity Premium Income 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 ratio: Return per unit of total volatility	1.81	—	—
Sortino ratio: Return per unit of downside risk	2.48	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.07	—	—
Martin ratio: Return relative to average drawdown	12.95	—	—

Drawdowns

Drawdown Indicators

	QYLG	PUTW	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-2.49%	—	—
Average Drawdown Average peak-to-trough decline	-6.34%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	—	—

Volatility

Volatility by Period

	QYLG	PUTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.28%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.29%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	—	—

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 16.61%, while PUTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PUTW WisdomTree Equity Premium Income 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	16.61%	17.93%	25.27%	5.43%	6.91%	10.15%	1.44%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QYLG and PUTW in my portfolio?

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.