RYLD vs. QTR

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Russell 2000 Covered Call ETF (RYLD) and Global X NASDAQ 100 Tail Risk ETF (QTR).

RYLD and QTR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RYLD is a passively managed fund by Global X that tracks the performance of the CBOE Russell 2000 BuyWrite Index. It was launched on Apr 17, 2019. QTR is a passively managed fund by Global X that tracks the performance of the NASDAQ-100 Quarterly Protective Put 90 Index. It was launched on Aug 25, 2021. Both RYLD and QTR 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

RYLD vs. QTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Russell 2000 Covered Call ETF (RYLD) and Global X NASDAQ 100 Tail Risk ETF (QTR). The values are adjusted to include any dividend payments, if applicable.

RYLD vs. QTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RYLD Global X Russell 2000 Covered Call ETF	1.10%	5.65%	10.13%	0.27%	-13.03%	1.74%
QTR Global X NASDAQ 100 Tail Risk ETF	-6.22%	14.52%	21.46%	45.53%	-29.94%	4.16%

Returns By Period

In the year-to-date period, RYLD achieves a 1.10% return, which is significantly higher than QTR's -6.22% return.

RYLD

• 1D: 0.40%
• 1M: -3.62%
• YTD: 1.10%
• 6M: 5.56%
• 1Y: 12.15%
• 3Y*: 6.22%
• 5Y*: 2.30%
• 10Y*: —

QTR

• 1D: 1.11%
• 1M: -4.70%
• YTD: -6.22%
• 6M: -5.45%
• 1Y: 17.38%
• 3Y*: 17.60%
• 5Y*: —
• 10Y*: —

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

RYLD vs. QTR - Expense Ratio Comparison

Both RYLD and QTR have an expense ratio of 0.60%.

RYLD

Global X Russell 2000 Covered Call ETF

QTR

Global X NASDAQ 100 Tail Risk ETF

Return for Risk

RYLD vs. QTR — Risk / Return Rank

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

RYLD

RYLD Risk / Return Rank: 42
RYLD Sharpe Ratio Rank: 37
RYLD Sortino Ratio Rank: 39
RYLD Omega Ratio Rank: 48
RYLD Calmar Ratio Rank: 37
RYLD Martin Ratio Rank: 48

QTR

QTR Risk / Return Rank: 55
QTR Sharpe Ratio Rank: 57
QTR Sortino Ratio Rank: 59
QTR Omega Ratio Rank: 52
QTR Calmar Ratio Rank: 55
QTR Martin Ratio Rank: 51

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.

RYLD vs. QTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) and Global X NASDAQ 100 Tail Risk ETF (QTR). 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.

	RYLD	QTR	Difference
Sharpe ratio Return per unit of total volatility	0.74	1.06	-0.32
Sortino ratio Return per unit of downside risk	1.17	1.59	-0.42
Omega ratio Gain probability vs. loss probability	1.19	1.21	-0.01
Calmar ratio Return relative to maximum drawdown	0.99	1.49	-0.50
Martin ratio Return relative to average drawdown	4.78	5.22	-0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYLD vs. QTR - Sharpe Ratio Comparison

The current RYLD Sharpe Ratio is 0.74, which is comparable to the QTR Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of RYLD and QTR, 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

	RYLD	QTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	1.06	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.41	-0.15

Correlation

The correlation between RYLD and QTR is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RYLD vs. QTR - Dividend Comparison

RYLD's dividend yield for the trailing twelve months is around 12.09%, less than QTR's 20.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
RYLD Global X Russell 2000 Covered Call ETF	12.09%	12.00%	12.03%	12.64%	13.49%	12.35%	10.76%	6.43%
QTR Global X NASDAQ 100 Tail Risk ETF	20.02%	18.77%	0.50%	0.53%	0.36%	1.90%	0.00%	0.00%

Drawdowns

RYLD vs. QTR - Drawdown Comparison

The maximum RYLD drawdown since its inception was -41.53%, which is greater than QTR's maximum drawdown of -31.72%. Use the drawdown chart below to compare losses from any high point for RYLD and QTR.

Drawdown Indicators

	RYLD	QTR	Difference
Max Drawdown Largest peak-to-trough decline	-41.53%	-31.72%	-9.81%
Max Drawdown (1Y) Largest decline over 1 year	-12.33%	-12.29%	-0.04%
Max Drawdown (5Y) Largest decline over 5 years	-21.33%	—	—
Current Drawdown Current decline from peak	-3.92%	-9.70%	+5.78%
Average Drawdown Average peak-to-trough decline	-9.04%	-9.10%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	3.50%	-0.96%

Volatility

RYLD vs. QTR - Volatility Comparison

Global X Russell 2000 Covered Call ETF (RYLD) and Global X NASDAQ 100 Tail Risk ETF (QTR) have volatilities of 5.22% and 5.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYLD	QTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	5.04%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	10.86%	-1.77%
Volatility (1Y) Calculated over the trailing 1-year period	16.39%	16.47%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.20%	18.16%	-3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.38%	18.16%	-0.78%