RDVI vs. QYLD

Last updated Jun 4, 2026

RDVI (FT Cboe Vest Rising Dividend Achievers Target Income ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - RDVI is a Derivative Income fund tracking the NASDAQ US Rising Dividend Achievers, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 3 years, RDVI returned 18.62%/yr vs 13.80%/yr for QYLD. A 0.57 correlation means they provide meaningful diversification when combined. RDVI charges 0.75%/yr vs 0.60%/yr for QYLD.

Performance

RDVI vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDVI achieves a 9.43% return, which is significantly higher than QYLD's 7.88% return.

RDVI

• 1D: 0.07%
• 1M: 2.77%
• YTD: 9.43%
• 6M: 10.61%
• 1Y: 24.98%
• 3Y*: 18.62%
• 5Y*: —
• 10Y*: —

QYLD

• 1D: -0.06%
• 1M: 1.62%
• YTD: 7.88%
• 6M: 9.97%
• 1Y: 23.93%
• 3Y*: 13.80%
• 5Y*: 8.43%
• 10Y*: 9.80%

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

RDVI vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	9.43%	17.93%	14.56%	18.63%	9.91%
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	9.28%	19.35%	22.77%	3.29%

Correlation

The correlation between RDVI and QYLD is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Oct 21, 2022	0.57

The correlation between RDVI and QYLD has been stable across timeframes, ranging from 0.53 to 0.63 - a consistent structural relationship.

RDVI vs. QYLD - Sectors Allocation Comparison

Sectors	RDVI	QYLD
Financial Services	36.5%	0.2%
Technology	17.6%	53.8%
Consumer Cyclical	12.2%	12.3%
Industrials	12.2%	2.8%
Healthcare	8.1%	4.2%
Communication Services	5.4%	15.8%
Consumer Defensive	4.1%	7.7%
Energy	1.4%	0.6%
Utilities	1.4%	1.4%
Basic Materials	-	1.1%
Real Estate	-	0.1%

Return for Risk

RDVI vs. QYLD — Risk / Return Rank

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

RDVI

RDVI Risk / Return Rank: 58
RDVI Sharpe Ratio Rank: 55
RDVI Sortino Ratio Rank: 57
RDVI Omega Ratio Rank: 54
RDVI Calmar Ratio Rank: 59
RDVI Martin Ratio Rank: 67

QYLD

QYLD Risk / Return Rank: 88
QYLD Sharpe Ratio Rank: 84
QYLD Sortino Ratio Rank: 85
QYLD Omega Ratio Rank: 92
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 94

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.

RDVI vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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.

	RDVI	QYLD	Difference
Sharpe ratio Return per unit of total volatility	1.89	2.80	-0.91
Sortino ratio Return per unit of downside risk	2.74	3.92	-1.18
Omega ratio Gain probability vs. loss probability	1.34	1.63	-0.29
Calmar ratio Return relative to maximum drawdown	2.96	4.84	-1.88
Martin ratio Return relative to average drawdown	12.48	28.36	-15.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDVI vs. QYLD - Sharpe Ratio Comparison

The current RDVI Sharpe Ratio is 1.89, which is lower than the QYLD Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of RDVI and QYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RDVI	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.80	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.59	+0.59

Drawdowns

RDVI vs. QYLD - Drawdown Comparison

The maximum RDVI drawdown since its inception was -18.35%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for RDVI and QYLD.

Drawdown Indicators

	RDVI	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-24.75%	+6.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-4.97%	-3.51%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-19.06%	+0.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.75%	—
Current Drawdown Current decline from peak	-0.43%	-0.06%	-0.37%
Average Drawdown Average peak-to-trough decline	-3.17%	-3.84%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	0.85%	+1.16%

Volatility

RDVI vs. QYLD - Volatility Comparison

FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) has a higher volatility of 3.66% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.85%. This indicates that RDVI's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDVI	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	1.85%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	10.50%	7.12%	+3.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	8.58%	+4.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	14.70%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	15.49%	+1.42%

RDVI vs. QYLD - Expense Ratio Comparison

RDVI has a 0.75% expense ratio, which is higher than QYLD's 0.60% expense ratio.

Dividends

RDVI vs. QYLD - Dividend Comparison

RDVI's dividend yield for the trailing twelve months is around 7.94%, less than QYLD's 11.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QYLD Global X NASDAQ 100 Covered Call ETF	11.46%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	7.94%	8.10%	8.62%	8.45%	1.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDVI and QYLD in my portfolio?

RDVI and QYLD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDVI or QYLD?

RDVI has higher volatility (3.66%) compared to QYLD (1.85%). In terms of maximum drawdown, RDVI dropped -18.35% vs QYLD's -24.75%.

Which ETF is better, RDVI or QYLD?

On 3-year performance, RDVI leads with 18.62% vs 13.80% for QYLD. On fees, QYLD is cheaper at 0.60% per year. On volatility, QYLD has been the lower-risk option at 1.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDVI or QYLD?

Over the 3-year period, RDVI has performed better with a 18.62% return vs 13.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDVI or QYLD?

QYLD is cheaper with a 0.60% expense ratio, compared with 0.75% for RDVI.

Which ETF pays a higher dividend yield, RDVI or QYLD?

QYLD has the higher dividend yield at 11.46%, compared with 7.94% for RDVI.

What is the main difference between RDVI and QYLD?

RDVI is categorized as Derivative Income, while QYLD is Nasdaq-100. RDVI tracks NASDAQ US Rising Dividend Achievers, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: FT Vest and Global X. Their fees differ too: 0.75% for RDVI and 0.60% for QYLD.

Which has better risk-adjusted returns?

QYLD currently has the higher Sharpe Ratio (2.80 vs 1.89), 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.