SDTY vs. QYLD

Last updated Jun 4, 2026

SDTY (YieldMax S&P 500 0DTE Covered Call Strategy ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - SDTY is a Derivative Income fund actively managed by YieldMax, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. SDTY is actively managed, while QYLD is passively managed. Over the past year, SDTY returned 25.63% vs 23.93% for QYLD. Their correlation of 0.80 suggests significant overlap in exposure. SDTY charges 1.01%/yr vs 0.60%/yr for QYLD.

Performance

SDTY vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) 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, SDTY achieves a 8.45% return, which is significantly higher than QYLD's 7.88% return.

SDTY

• 1D: -0.51%
• 1M: 4.38%
• YTD: 8.45%
• 6M: 8.89%
• 1Y: 25.63%
• 3Y*: —
• 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)

SDTY vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025
SDTY YieldMax S&P 500 0DTE Covered Call Strategy ETF	8.45%	9.83%
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	5.74%

Correlation

The correlation between SDTY and QYLD is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025	0.80

The correlation between SDTY and QYLD has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

SDTY vs. QYLD - Sectors Allocation Comparison

Sectors	SDTY	QYLD
Technology	35.6%	53.8%
Financial Services	11.8%	0.2%
Communication Services	11.2%	15.8%
Consumer Cyclical	10.1%	12.3%
Healthcare	8.5%	4.2%
Industrials	8.3%	2.8%
Consumer Defensive	4.9%	7.7%
Energy	3.5%	0.6%
Utilities	2.4%	1.4%
Real Estate	1.9%	0.1%
Basic Materials	1.8%	1.1%

Return for Risk

SDTY vs. QYLD — Risk / Return Rank

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

SDTY

SDTY Risk / Return Rank: 70
SDTY Sharpe Ratio Rank: 71
SDTY Sortino Ratio Rank: 70
SDTY Omega Ratio Rank: 72
SDTY Calmar Ratio Rank: 64
SDTY Martin Ratio Rank: 72

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.

SDTY vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) 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.

	SDTY	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.80	-0.46
Sortino ratio: Return per unit of downside risk	3.21	3.92	-0.70
Omega ratio: Gain probability vs. loss probability	1.43	1.63	-0.20
Calmar ratio: Return relative to maximum drawdown	3.21	4.84	-1.63
Martin ratio: Return relative to average drawdown	13.58	28.36	-14.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDTY vs. QYLD - Sharpe Ratio Comparison

The current SDTY Sharpe Ratio is 2.34, which is comparable to the QYLD Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of SDTY 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

	SDTY	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.80	-0.46
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	0.85	0.59	+0.26

Drawdowns

SDTY vs. QYLD - Drawdown Comparison

The maximum SDTY drawdown since its inception was -18.63%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for SDTY and QYLD.

Drawdown Indicators

	SDTY	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-18.63%	-24.75%	+6.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.02%	-4.97%	-3.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.06%	—
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	-0.62%	-0.06%	-0.56%
Average Drawdown Average peak-to-trough decline	-3.02%	-3.84%	+0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	0.85%	+1.04%

Volatility

SDTY vs. QYLD - Volatility Comparison

YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) has a higher volatility of 2.58% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.85%. This indicates that SDTY'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

	SDTY	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	1.85%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	7.12%	+1.27%
Volatility (1Y) Calculated over the trailing 1-year period	11.00%	8.58%	+2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.79%	14.70%	+2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.79%	15.49%	+1.30%

SDTY vs. QYLD - Expense Ratio Comparison

SDTY has a 1.01% expense ratio, which is higher than QYLD's 0.60% expense ratio.

Dividends

SDTY vs. QYLD - Dividend Comparison

SDTY's dividend yield for the trailing twelve months is around 25.97%, more 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%
SDTY YieldMax S&P 500 0DTE Covered Call Strategy ETF	25.97%	22.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SDTY and QYLD in my portfolio?

SDTY and QYLD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDTY or QYLD?

SDTY has higher volatility (2.58%) compared to QYLD (1.85%). In terms of maximum drawdown, SDTY dropped -18.63% vs QYLD's -24.75%.

Which ETF is better, SDTY or QYLD?

On 1-year performance, SDTY leads with 25.63% vs 23.93% 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, SDTY or QYLD?

Over the 1-year period, SDTY has performed better with a 25.63% return vs 23.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDTY or QYLD?

QYLD is cheaper with a 0.60% expense ratio, compared with 1.01% for SDTY.

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

SDTY has the higher dividend yield at 25.97%, compared with 11.46% for QYLD.

What is the main difference between SDTY and QYLD?

SDTY is categorized as Derivative Income, while QYLD is Nasdaq-100. They also come from different issuers: YieldMax and Global X. Their fees differ too: 1.01% for SDTY and 0.60% for QYLD.

Which has better risk-adjusted returns?

QYLD currently has the higher Sharpe Ratio (2.80 vs 2.34), 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.