QYLG vs. QTOP

Last updated Aug 2, 2026

QYLG (Global X Nasdaq 100 Covered Call & Growth ETF) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both Nasdaq-100 funds - QYLG tracks the CBOE Nasdaq-100 BuyWrite V2 Index while QTOP tracks the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, QYLG returned 23.14% vs 26.03% for QTOP. Their 0.96 correlation means they have historically moved very closely together. QYLG charges 0.60%/yr vs 0.20%/yr for QTOP.

Performance

QYLG vs. QTOP - 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 Nasdaq Top 30 Stocks ETF (QTOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QYLG achieves a 10.36% return, which is significantly lower than QTOP's 12.29% return.

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%

QTOP

• 1D: 0.76%
• 1M: -3.71%
• 6M: 10.80%
• YTD: 12.29%
• 1Y: 26.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.79%

*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)
QTOP iShares Nasdaq Top 30 Stocks ETF	$6.40M	$5.80M	$7.08M
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	$1.64M	$1.48M	$1.35M

QYLG vs. QTOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	10.36%	15.29%	4.13%
QTOP iShares Nasdaq Top 30 Stocks ETF	12.29%	22.19%	6.25%

Correlation

The correlation between QYLG and QTOP is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	0.96

The correlation between QYLG and QTOP has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

QYLG vs. QTOP - Sectors Allocation Comparison

Sectors	QYLG	QTOP
Technology	60.8%	67.0%
Communication Services	13.1%	15.2%
Consumer Cyclical	10.7%	9.1%
Consumer Defensive	6.3%	7.2%
Healthcare	3.6%	2.9%
Industrials	2.7%	0.9%
Utilities	1.2%	-
Basic Materials	1.1%	1.5%
Energy	0.5%	-
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

QYLG vs. QTOP — Risk / Return Rank

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

QYLG

QYLG Risk / Return Rank: 66
QYLG Sharpe Ratio Rank: 62
QYLG Sortino Ratio Rank: 60
QYLG Omega Ratio Rank: 59
QYLG Calmar Ratio Rank: 74
QYLG Martin Ratio Rank: 75

QTOP

QTOP Risk / Return Rank: 46
QTOP Sharpe Ratio Rank: 44
QTOP Sortino Ratio Rank: 43
QTOP Omega Ratio Rank: 42
QTOP Calmar Ratio Rank: 50
QTOP Martin Ratio Rank: 49

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. QTOP - 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 Nasdaq Top 30 Stocks ETF (QTOP). 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	QTOP	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.09	+0.34
Sortino ratio: Return per unit of downside risk	2.02	1.58	+0.45
Omega ratio: Gain probability vs. loss probability	1.26	1.20	+0.06
Calmar ratio: Return relative to maximum drawdown	2.55	1.79	+0.76
Martin ratio: Return relative to average drawdown	9.39	5.58	+3.80

QYLG vs. QTOP - Sharpe Ratio Comparison

The current QYLG Sharpe Ratio is 1.43, which is higher than the QTOP Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of QYLG and QTOP, 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. QTOP - Drawdown Comparison

The maximum QYLG drawdown since its inception was -29.98%, which is greater than QTOP's maximum drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for QYLG and QTOP.

Drawdown Indicators

	QYLG	QTOP	Difference
Max Drawdown Largest peak-to-trough decline	-29.98%	-23.28%	-6.70%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-13.02%	+4.60%
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	-4.69%	-8.69%	+4.00%
Average Drawdown Average peak-to-trough decline	-6.32%	-3.93%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	4.18%	-1.89%

Volatility

QYLG vs. QTOP - Volatility Comparison

The current volatility for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is 5.92%, while iShares Nasdaq Top 30 Stocks ETF (QTOP) has a volatility of 8.33%. This indicates that QYLG experiences smaller price fluctuations and is considered to be less risky than QTOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QYLG	QTOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	8.33%	-2.41%
Volatility (6M) Calculated over the trailing 6-month period	12.85%	18.01%	-5.16%
Volatility (1Y) Calculated over the trailing 1-year period	15.01%	21.39%	-6.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.38%	23.79%	-5.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	23.79%	-5.71%

QYLG vs. QTOP - Expense Ratio Comparison

QYLG has a 0.60% expense ratio, which is higher than QTOP's 0.20% expense ratio.

Dividends

QYLG vs. QTOP - Dividend Comparison

QYLG's dividend yield for the trailing twelve months is around 17.61%, more than QTOP's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QTOP iShares Nasdaq Top 30 Stocks ETF	0.35%	0.38%	0.11%	0.00%	0.00%	0.00%	0.00%
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	17.61%	17.93%	25.27%	5.43%	6.91%	10.15%	1.44%

Frequently Asked Questions

Can I hold both QYLG and QTOP in my portfolio?

With a correlation of 0.97, QYLG and QTOP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QYLG or QTOP?

QTOP has higher volatility (8.33%) compared to QYLG (5.92%). In terms of maximum drawdown, QYLG dropped -29.98% vs QTOP's -23.28%.

Which ETF is better, QYLG or QTOP?

On 1-year performance, QTOP leads with 26.03% vs 23.14% for QYLG. On fees, QTOP is cheaper at 0.20% per year. On volatility, QYLG has been the lower-risk option at 5.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QYLG or QTOP?

Over the 1-year period, QTOP has performed better with a 26.03% return vs 23.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QYLG or QTOP?

QTOP is cheaper with a 0.20% expense ratio, compared with 0.60% for QYLG.

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

QYLG has the higher dividend yield at 17.61%, compared with 0.35% for QTOP.

What is the main difference between QYLG and QTOP?

QYLG tracks CBOE Nasdaq-100 BuyWrite V2 Index, while QTOP tracks Nasdaq-100 Top 30 Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.60% for QYLG and 0.20% for QTOP.

Which has better risk-adjusted returns?

QYLG currently has the higher Sharpe Ratio (1.43 vs 1.09), 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.