RIET vs. QYLD

Last updated Jun 24, 2026

RIET (Hoya Capital High Dividend Yield ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - RIET is a REIT fund tracking the Hoya Capital High Dividend Yield Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 3 years, RIET returned 9.52%/yr vs 13.99%/yr for QYLD. At a 0.44 correlation, their price movements are largely independent. RIET charges 0.50%/yr vs 0.60%/yr for QYLD.

Performance

RIET vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hoya Capital High Dividend Yield ETF (RIET) 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, RIET achieves a 8.46% return, which is significantly higher than QYLD's 7.89% return.

RIET

• 1D: 1.06%
• 1M: 1.00%
• YTD: 8.46%
• 6M: 9.41%
• 1Y: 12.07%
• 3Y*: 9.52%
• 5Y*: —
• 10Y*: —

QYLD

• 1D: -1.97%
• 1M: 1.41%
• YTD: 7.89%
• 6M: 7.59%
• 1Y: 22.55%
• 3Y*: 13.99%
• 5Y*: 8.26%
• 10Y*: 9.99%

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

RIET vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RIET Hoya Capital High Dividend Yield ETF	8.46%	2.43%	1.18%	13.04%	-25.29%	5.14%
QYLD Global X NASDAQ 100 Covered Call ETF	7.89%	9.28%	19.35%	22.77%	-19.08%	3.41%

Correlation

The correlation between RIET and QYLD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021	0.44

Over the past year, the correlation between RIET and QYLD has dropped to 0.21 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Return for Risk

RIET vs. QYLD — Risk / Return Rank

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

RIET

RIET Risk / Return Rank: 26
RIET Sharpe Ratio Rank: 26
RIET Sortino Ratio Rank: 25
RIET Omega Ratio Rank: 23
RIET Calmar Ratio Rank: 29
RIET Martin Ratio Rank: 27

QYLD

QYLD Risk / Return Rank: 84
QYLD Sharpe Ratio Rank: 76
QYLD Sortino Ratio Rank: 77
QYLD Omega Ratio Rank: 87
QYLD Calmar Ratio Rank: 85
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.

RIET vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) 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.

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.

	RIET	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	0.91	2.34	-1.42
Sortino ratio: Return per unit of downside risk	1.34	3.28	-1.94
Omega ratio: Gain probability vs. loss probability	1.16	1.52	-0.36
Calmar ratio: Return relative to maximum drawdown	1.38	4.56	-3.18
Martin ratio: Return relative to average drawdown	3.60	25.38	-21.78

RIET vs. QYLD - Sharpe Ratio Comparison

The current RIET Sharpe Ratio is 0.91, which is lower than the QYLD Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of RIET 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.

Drawdowns

RIET vs. QYLD - Drawdown Comparison

The maximum RIET drawdown since its inception was -34.61%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for RIET and QYLD.

Drawdown Indicators

	RIET	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-34.61%	-24.75%	-9.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-4.97%	-3.79%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	-19.06%	+0.68%
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	-6.51%	-2.10%	-4.41%
Average Drawdown Average peak-to-trough decline	-16.31%	-3.82%	-12.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	0.89%	+2.47%

Volatility

RIET vs. QYLD - Volatility Comparison

The current volatility for Hoya Capital High Dividend Yield ETF (RIET) is 3.94%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 4.78%. This indicates that RIET experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIET	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	4.78%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	9.50%	8.50%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	9.70%	+3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.95%	14.84%	+4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.95%	15.56%	+3.39%

RIET vs. QYLD - Expense Ratio Comparison

RIET has a 0.50% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

RIET vs. QYLD - Dividend Comparison

RIET's dividend yield for the trailing twelve months is around 10.74%, less than QYLD's 11.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QYLD Global X NASDAQ 100 Covered Call ETF	11.68%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%
RIET Hoya Capital High Dividend Yield ETF	10.74%	11.04%	10.17%	9.33%	9.33%	1.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RIET and QYLD in my portfolio?

RIET and QYLD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RIET or QYLD?

QYLD has higher volatility (4.78%) compared to RIET (3.94%). In terms of maximum drawdown, RIET dropped -34.61% vs QYLD's -24.75%.

Which ETF is better, RIET or QYLD?

On 3-year performance, QYLD leads with 13.99% vs 9.52% for RIET. On fees, RIET is cheaper at 0.50% per year. On volatility, RIET has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RIET or QYLD?

Over the 3-year period, QYLD has performed better with a 13.99% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RIET or QYLD?

RIET is cheaper with a 0.50% expense ratio, compared with 0.60% for QYLD.

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

QYLD has the higher dividend yield at 11.68%, compared with 10.74% for RIET.

What is the main difference between RIET and QYLD?

RIET is categorized as REIT, while QYLD is Nasdaq-100. RIET tracks Hoya Capital High Dividend Yield Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: Pettee Investors and Global X. Their fees differ too: 0.50% for RIET and 0.60% for QYLD.

Which has better risk-adjusted returns?

QYLD currently has the higher Sharpe Ratio (2.34 vs 0.91), 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.