QYLG vs. QQQX
Compare and contrast key facts about Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX).
QYLG is a passively managed fund by Global X that tracks the performance of the CBOE Nasdaq-100 BuyWrite V2 Index. It was launched on Sep 18, 2020. QQQX is a passively managed fund by Nuveen that tracks the performance of the Nasdaq 100 Index. It was launched on Jan 30, 2007. Both QYLG and QQQX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QYLG vs. QQQX - Performance Comparison
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QYLG vs. QQQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | -2.27% | 15.29% | 22.02% | 38.73% | -26.27% | 18.29% | 12.52% |
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund | -0.51% | 14.87% | 25.61% | 21.68% | -27.39% | 25.32% | 9.34% |
Returns By Period
In the year-to-date period, QYLG achieves a -2.27% return, which is significantly lower than QQQX's -0.51% return.
QYLG
- 1D
- 0.82%
- 1M
- -2.54%
- YTD
- -2.27%
- 6M
- 2.01%
- 1Y
- 20.32%
- 3Y*
- 17.95%
- 5Y*
- 10.13%
- 10Y*
- —
QQQX
- 1D
- 4.05%
- 1M
- 1.77%
- YTD
- -0.51%
- 6M
- 4.98%
- 1Y
- 26.55%
- 3Y*
- 13.53%
- 5Y*
- 8.16%
- 10Y*
- 11.87%
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QYLG vs. QQQX - Expense Ratio Comparison
QYLG has a 0.60% expense ratio, which is lower than QQQX's 0.92% expense ratio.
Return for Risk
QYLG vs. QQQX — Risk / Return Rank
QYLG
QQQX
QYLG vs. QQQX - 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 Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX). 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.
| QYLG | QQQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.26 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.87 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.10 | -0.25 |
Martin ratioReturn relative to average drawdown | 9.05 | 10.38 | -1.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QYLG | QQQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.26 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.41 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.46 | +0.21 |
Correlation
The correlation between QYLG and QQQX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QYLG vs. QQQX - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 18.82%, more than QQQX's 8.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 18.82% | 17.93% | 25.27% | 5.43% | 6.91% | 10.15% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund | 8.27% | 7.85% | 6.73% | 7.26% | 9.66% | 5.85% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% |
Drawdowns
QYLG vs. QQQX - Drawdown Comparison
The maximum QYLG drawdown since its inception was -29.98%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for QYLG and QQQX.
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Drawdown Indicators
| QYLG | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.98% | -57.25% | +27.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.45% | -12.93% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -29.98% | -29.33% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.96% | — |
Current DrawdownCurrent decline from peak | -4.76% | -0.86% | -3.90% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -8.09% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.61% | -0.28% |
Volatility
QYLG vs. QQQX - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is 5.88%, while Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) has a volatility of 8.15%. This indicates that QYLG experiences smaller price fluctuations and is considered to be less risky than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLG | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 8.15% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 11.99% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.87% | 21.13% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 19.80% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 21.05% | -2.96% |