QYLG vs. XYLG

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and Global X S&P 500 Covered Call & Growth ETF (XYLG).

QYLG and XYLG 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. XYLG is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Half BuyWrite Index. It was launched on Sep 18, 2020. Both QYLG and XYLG 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. XYLG - 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 S&P 500 Covered Call & Growth ETF (XYLG). The values are adjusted to include any dividend payments, if applicable.

QYLG vs. XYLG - 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%
XYLG Global X S&P 500 Covered Call & Growth ETF	-2.15%	12.93%	22.31%	18.16%	-15.46%	23.81%	10.89%

Returns By Period

In the year-to-date period, QYLG achieves a -2.27% return, which is significantly lower than XYLG's -2.15% return.

QYLG

• 1D: 0.82%
• 1M: -2.54%
• YTD: -2.27%
• 6M: 2.01%
• 1Y: 20.32%
• 3Y*: 17.95%
• 5Y*: 10.13%
• 10Y*: —

XYLG

• 1D: 0.88%
• 1M: -3.11%
• YTD: -2.15%
• 6M: 2.08%
• 1Y: 14.74%
• 3Y*: 14.46%
• 5Y*: 9.42%
• 10Y*: —

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

QYLG vs. XYLG - Expense Ratio Comparison

QYLG has a 0.60% expense ratio, which is higher than XYLG's 0.35% expense ratio.

QYLG

Global X Nasdaq 100 Covered Call & Growth ETF

XYLG

Global X S&P 500 Covered Call & Growth ETF

Return for Risk

QYLG vs. XYLG — Risk / Return Rank

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

QYLG

QYLG Risk / Return Rank: 68
QYLG Sharpe Ratio Rank: 59
QYLG Sortino Ratio Rank: 65
QYLG Omega Ratio Rank: 68
QYLG Calmar Ratio Rank: 70
QYLG Martin Ratio Rank: 80

XYLG

XYLG Risk / Return Rank: 55
XYLG Sharpe Ratio Rank: 48
XYLG Sortino Ratio Rank: 50
XYLG Omega Ratio Rank: 60
XYLG Calmar Ratio Rank: 48
XYLG Martin Ratio Rank: 68

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. XYLG - 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 S&P 500 Covered Call & Growth ETF (XYLG). 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	XYLG	Difference
Sharpe ratio Return per unit of total volatility	1.08	0.90	+0.18
Sortino ratio Return per unit of downside risk	1.70	1.41	+0.29
Omega ratio Gain probability vs. loss probability	1.26	1.23	+0.03
Calmar ratio Return relative to maximum drawdown	1.85	1.32	+0.53
Martin ratio Return relative to average drawdown	9.05	7.20	+1.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QYLG vs. XYLG - Sharpe Ratio Comparison

The current QYLG Sharpe Ratio is 1.08, which is comparable to the XYLG Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of QYLG and XYLG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QYLG	XYLG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	0.90	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.68	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.86	-0.20

Correlation

The correlation between QYLG and XYLG is 0.86, 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. XYLG - Dividend Comparison

QYLG's dividend yield for the trailing twelve months is around 18.82%, more than XYLG's 14.65% yield.

	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%
XYLG Global X S&P 500 Covered Call & Growth ETF	14.65%	13.94%	23.65%	4.90%	6.43%	7.40%	1.39%

Drawdowns

QYLG vs. XYLG - Drawdown Comparison

The maximum QYLG drawdown since its inception was -29.98%, which is greater than XYLG's maximum drawdown of -21.30%. Use the drawdown chart below to compare losses from any high point for QYLG and XYLG.

Drawdown Indicators

	QYLG	XYLG	Difference
Max Drawdown Largest peak-to-trough decline	-29.98%	-21.30%	-8.68%
Max Drawdown (1Y) Largest decline over 1 year	-11.45%	-11.39%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	-29.98%	-21.30%	-8.68%
Current Drawdown Current decline from peak	-4.76%	-3.84%	-0.92%
Average Drawdown Average peak-to-trough decline	-6.60%	-4.21%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	2.08%	+0.25%

Volatility

QYLG vs. XYLG - Volatility Comparison

Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a higher volatility of 5.88% compared to Global X S&P 500 Covered Call & Growth ETF (XYLG) at 4.85%. This indicates that QYLG's price experiences larger fluctuations and is considered to be riskier than XYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QYLG	XYLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	4.85%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	10.16%	7.74%	+2.42%
Volatility (1Y) Calculated over the trailing 1-year period	18.87%	16.40%	+2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.07%	14.02%	+4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	13.98%	+4.11%