QYLG vs. SHLD

Last updated Jun 26, 2026

QYLG (Global X Nasdaq 100 Covered Call & Growth ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - QYLG is a Nasdaq-100 fund tracking the CBOE Nasdaq-100 BuyWrite V2 Index, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, QYLG returned 27.93% vs -0.23% for SHLD. At a 0.36 correlation, their price movements are largely independent. QYLG charges 0.60%/yr vs 0.50%/yr for SHLD.

Performance

QYLG vs. SHLD - 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 Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QYLG achieves a 12.61% return, which is significantly higher than SHLD's -10.17% return.

QYLG

• 1D: 0.47%
• 1M: -0.37%
• YTD: 12.61%
• 6M: 11.72%
• 1Y: 27.93%
• 3Y*: 20.60%
• 5Y*: 12.20%
• 10Y*: —

SHLD

• 1D: -1.15%
• 1M: -11.99%
• YTD: -10.17%
• 6M: -12.31%
• 1Y: -0.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QYLG vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	12.61%	15.29%	22.02%	6.76%
SHLD Global X Defense Tech ETF	-10.17%	74.16%	35.03%	12.89%

Correlation

The correlation between QYLG and SHLD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.36

QYLG vs. SHLD - Sectors Allocation Comparison

Sectors	QYLG	SHLD
Technology	58.7%	12.2%
Communication Services	14.3%	-
Consumer Cyclical	11.4%	-
Consumer Defensive	6.4%	-
Healthcare	3.7%	-
Industrials	2.6%	87.8%
Utilities	1.2%	-
Basic Materials	1.0%	-
Energy	0.5%	-
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

QYLG vs. SHLD — Risk / Return Rank

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

QYLG

QYLG Risk / Return Rank: 75
QYLG Sharpe Ratio Rank: 74
QYLG Sortino Ratio Rank: 71
QYLG Omega Ratio Rank: 74
QYLG Calmar Ratio Rank: 75
QYLG Martin Ratio Rank: 83

SHLD

SHLD Risk / Return Rank: 9
SHLD Sharpe Ratio Rank: 9
SHLD Sortino Ratio Rank: 9
SHLD Omega Ratio Rank: 9
SHLD Calmar Ratio Rank: 9
SHLD Martin Ratio Rank: 9

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. SHLD - 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 Global X Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	2.06	-0.01	+2.07
Sortino ratio: Return per unit of downside risk	2.78	0.17	+2.62
Omega ratio: Gain probability vs. loss probability	1.38	1.02	+0.36
Calmar ratio: Return relative to maximum drawdown	3.33	-0.01	+3.34
Martin ratio: Return relative to average drawdown	14.43	-0.03	+14.45

QYLG vs. SHLD - Sharpe Ratio Comparison

The current QYLG Sharpe Ratio is 2.06, which is higher than the SHLD Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of QYLG and SHLD, 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. SHLD - Drawdown Comparison

The maximum QYLG drawdown since its inception was -29.98%, which is greater than SHLD's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for QYLG and SHLD.

Drawdown Indicators

	QYLG	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-29.98%	-25.40%	-4.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-25.40%	+16.98%
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	-2.74%	-25.40%	+22.66%
Average Drawdown Average peak-to-trough decline	-6.37%	-3.55%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	8.97%	-7.03%

Volatility

QYLG vs. SHLD - Volatility Comparison

The current volatility for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is 6.64%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.01%. This indicates that QYLG experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QYLG	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	9.01%	-2.37%
Volatility (6M) Calculated over the trailing 6-month period	11.45%	20.22%	-8.77%
Volatility (1Y) Calculated over the trailing 1-year period	13.63%	24.85%	-11.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.19%	21.39%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	21.39%	-3.36%

QYLG vs. SHLD - Expense Ratio Comparison

QYLG has a 0.60% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

QYLG vs. SHLD - Dividend Comparison

QYLG's dividend yield for the trailing twelve months is around 16.65%, more than SHLD's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	16.65%	17.93%	25.27%	5.43%	6.91%	10.15%	1.44%
SHLD Global X Defense Tech ETF	0.61%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QYLG and SHLD in my portfolio?

QYLG and SHLD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QYLG or SHLD?

SHLD has higher volatility (9.01%) compared to QYLG (6.64%). In terms of maximum drawdown, QYLG dropped -29.98% vs SHLD's -25.40%.

Which ETF is better, QYLG or SHLD?

On 1-year performance, QYLG leads with 27.93% vs -0.23% for SHLD. On fees, SHLD is cheaper at 0.50% per year. On volatility, QYLG has been the lower-risk option at 6.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QYLG or SHLD?

Over the 1-year period, QYLG has performed better with a 27.93% return vs -0.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QYLG or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.60% for QYLG.

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

QYLG has the higher dividend yield at 16.65%, compared with 0.61% for SHLD.

What is the main difference between QYLG and SHLD?

QYLG is categorized as Nasdaq-100, while SHLD is Aerospace & Defense. QYLG tracks CBOE Nasdaq-100 BuyWrite V2 Index, while SHLD tracks Global X Defense Tech Index. Their fees differ too: 0.60% for QYLG and 0.50% for SHLD.

Which has better risk-adjusted returns?

QYLG currently has the higher Sharpe Ratio (2.06 vs -0.01), 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.