QYLG vs. QTAP
Compare and contrast key facts about Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and Innovator Growth Accelerated Plus ETF - April (QTAP).
QYLG and QTAP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
QYLG vs. QTAP - Performance Comparison
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QYLG vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | -2.27% | 15.29% | 22.02% | 38.73% | -26.27% | 15.19% |
QTAP Innovator Growth Accelerated Plus ETF - April | 3.02% | 19.36% | 17.34% | 43.32% | -25.87% | 15.63% |
Returns By Period
In the year-to-date period, QYLG achieves a -2.27% return, which is significantly lower than QTAP's 3.02% return.
QYLG
- 1D
- 0.82%
- 1M
- -2.54%
- YTD
- -2.27%
- 6M
- 2.01%
- 1Y
- 20.32%
- 3Y*
- 17.95%
- 5Y*
- 10.13%
- 10Y*
- —
QTAP
- 1D
- 1.74%
- 1M
- 1.79%
- YTD
- 3.02%
- 6M
- 5.43%
- 1Y
- 21.08%
- 3Y*
- 19.58%
- 5Y*
- —
- 10Y*
- —
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QYLG vs. QTAP - Expense Ratio Comparison
QYLG has a 0.60% expense ratio, which is lower than QTAP's 0.79% expense ratio.
Return for Risk
QYLG vs. QTAP — Risk / Return Rank
QYLG
QTAP
QYLG vs. QTAP - 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 Innovator Growth Accelerated Plus ETF - April (QTAP). 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 | QTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.29 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.05 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.50 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.81 | +0.03 |
Martin ratioReturn relative to average drawdown | 9.05 | 12.95 | -3.90 |
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 | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.29 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.64 | +0.03 |
Correlation
The correlation between QYLG and QTAP is 0.90, 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. QTAP - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 18.82%, while QTAP has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 18.82% | 17.93% | 25.27% | 5.43% | 6.91% | 10.15% | 1.44% |
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QYLG vs. QTAP - Drawdown Comparison
The maximum QYLG drawdown since its inception was -29.98%, roughly equal to the maximum QTAP drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for QYLG and QTAP.
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Drawdown Indicators
| QYLG | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.98% | -29.44% | -0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -11.45% | -12.04% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -29.98% | — | — |
Current DrawdownCurrent decline from peak | -4.76% | 0.00% | -4.76% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -5.21% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.68% | +0.65% |
Volatility
QYLG vs. QTAP - Volatility Comparison
Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a higher volatility of 5.88% compared to Innovator Growth Accelerated Plus ETF - April (QTAP) at 1.88%. This indicates that QYLG's price experiences larger fluctuations and is considered to be riskier than QTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLG | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 1.88% | +4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 3.23% | +6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.87% | 16.38% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 19.03% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 19.03% | -0.94% |