SDVD vs. QYLD
SDVD (FT Vest SMID Rising Dividend Achievers Target Income ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - SDVD is a Derivative Income fund tracking the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past year, SDVD returned 19.64% vs 23.93% for QYLD. A 0.51 correlation means they provide meaningful diversification when combined. SDVD charges 0.85%/yr vs 0.60%/yr for QYLD.
Performance
SDVD vs. QYLD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SDVD having a 7.75% return and QYLD slightly higher at 7.88%.
SDVD
- 1D
- -0.22%
- 1M
- -1.53%
- YTD
- 7.75%
- 6M
- 8.14%
- 1Y
- 19.64%
- 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%
SDVD vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF | 7.75% | 8.66% | 11.82% | 10.25% |
QYLD Global X NASDAQ 100 Covered Call ETF | 7.88% | 9.28% | 19.35% | 2.43% |
Correlation
The correlation between SDVD and QYLD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2023 | 0.51 |
The correlation between SDVD and QYLD has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
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Return for Risk
SDVD vs. QYLD — Risk / Return Rank
SDVD
QYLD
SDVD vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) 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.
| SDVD | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.63 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 4.84 | -2.59 |
| Martin ratioReturn relative to average drawdown | 7.65 | 28.36 | -20.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SDVD | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.80 | -1.42 |
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 | 0.77 | 0.59 | +0.18 |
Drawdowns
SDVD vs. QYLD - Drawdown Comparison
The maximum SDVD drawdown since its inception was -24.17%, roughly equal to the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for SDVD and QYLD.
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Drawdown Indicators
| SDVD | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -24.75% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -4.97% | -3.79% |
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 DrawdownCurrent decline from peak | -3.31% | -0.06% | -3.25% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -3.84% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 0.85% | +1.72% |
Volatility
SDVD vs. QYLD - Volatility Comparison
FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) has a higher volatility of 3.78% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.85%. This indicates that SDVD'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.
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Volatility by Period
| SDVD | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 1.85% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 7.12% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.31% | 8.58% | +5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 14.70% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 15.49% | +2.70% |
SDVD vs. QYLD - Expense Ratio Comparison
SDVD has a 0.85% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Dividends
SDVD vs. QYLD - Dividend Comparison
SDVD's dividend yield for the trailing twelve months is around 8.95%, 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% |
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF | 8.95% | 8.36% | 9.26% | 3.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SDVD and QYLD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDVD has higher volatility (3.78%) compared to QYLD (1.85%). In terms of maximum drawdown, SDVD dropped -24.17% vs QYLD's -24.75%.
On 1-year performance, QYLD leads with 23.93% vs 19.64% for SDVD. 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.
Over the 1-year period, QYLD has performed better with a 23.93% return vs 19.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QYLD is cheaper with a 0.60% expense ratio, compared with 0.85% for SDVD.
QYLD has the higher dividend yield at 11.46%, compared with 8.95% for SDVD.
SDVD is categorized as Derivative Income, while QYLD is Nasdaq-100. SDVD tracks Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.85% for SDVD and 0.60% for QYLD.
QYLD currently has the higher Sharpe Ratio (2.80 vs 1.38), 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.
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