TYLG vs. QQQ

Last updated Jun 24, 2026

TYLG (Global X Information Technology Covered Call & Growth ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - TYLG is a Derivative Income fund tracking the Cboe S&P Technology Select Sector Half BuyWrite Index - Benchmark TR Gross, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, TYLG returned 23.38%/yr vs 26.05%/yr for QQQ. Their correlation of 0.94 suggests significant overlap in exposure. TYLG charges 0.60%/yr vs 0.18%/yr for QQQ.

Performance

TYLG vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Information Technology Covered Call & Growth ETF (TYLG) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TYLG achieves a 19.63% return, which is significantly higher than QQQ's 16.45% return.

TYLG

• 1D: -3.05%
• 1M: 2.03%
• YTD: 19.63%
• 6M: 18.92%
• 1Y: 39.76%
• 3Y*: 23.38%
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -3.29%
• 1M: -0.43%
• YTD: 16.45%
• 6M: 14.99%
• 1Y: 34.88%
• 3Y*: 26.05%
• 5Y*: 16.01%
• 10Y*: 22.07%

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

TYLG vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TYLG Global X Information Technology Covered Call & Growth ETF	19.63%	16.84%	20.57%	41.56%	-1.78%
QQQ Invesco QQQ ETF	16.45%	20.77%	25.58%	54.86%	-5.31%

Correlation

The correlation between TYLG and QQQ is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022	0.94

The correlation between TYLG and QQQ has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

TYLG vs. QQQ - Sectors Allocation Comparison

Sectors	TYLG	QQQ
Financial Services	54.2%	0.2%
Technology	47.6%	58.7%
Energy	0.1%	0.5%
Industrials	0.0%	2.6%
Basic Materials	-	1.0%
Communication Services	-	14.3%
Consumer Cyclical	-	11.4%
Consumer Defensive	-	6.4%
Healthcare	-	3.7%
Real Estate	-	0.1%
Utilities	-	1.2%

Return for Risk

TYLG vs. QQQ — Risk / Return Rank

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

TYLG

TYLG Risk / Return Rank: 78
TYLG Sharpe Ratio Rank: 79
TYLG Sortino Ratio Rank: 71
TYLG Omega Ratio Rank: 75
TYLG Calmar Ratio Rank: 81
TYLG Martin Ratio Rank: 81

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

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.

TYLG vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Information Technology Covered Call & Growth ETF (TYLG) and Invesco QQQ ETF (QQQ). 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.

	TYLG	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.34	1.95	+0.38
Sortino ratio: Return per unit of downside risk	2.98	2.57	+0.41
Omega ratio: Gain probability vs. loss probability	1.41	1.35	+0.06
Calmar ratio: Return relative to maximum drawdown	3.96	2.93	+1.03
Martin ratio: Return relative to average drawdown	14.95	10.86	+4.08

TYLG vs. QQQ - Sharpe Ratio Comparison

The current TYLG Sharpe Ratio is 2.34, which is comparable to the QQQ Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of TYLG and QQQ, 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

TYLG vs. QQQ - Drawdown Comparison

The maximum TYLG drawdown since its inception was -24.01%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TYLG and QQQ.

Drawdown Indicators

	TYLG	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-24.01%	-82.97%	+58.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-11.96%	+1.87%
Max Drawdown (3Y) Largest decline over 3 years	-24.01%	-22.77%	-1.24%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-3.96%	-4.25%	+0.29%
Average Drawdown Average peak-to-trough decline	-2.74%	-32.73%	+29.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	3.22%	-0.55%

Volatility

TYLG vs. QQQ - Volatility Comparison

The current volatility for Global X Information Technology Covered Call & Growth ETF (TYLG) is 8.24%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that TYLG experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TYLG	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.24%	9.17%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	14.54%	14.57%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	17.11%	17.96%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.44%	22.69%	-3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	22.42%	-2.98%

TYLG vs. QQQ - Expense Ratio Comparison

TYLG has a 0.60% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

TYLG vs. QQQ - Dividend Comparison

TYLG's dividend yield for the trailing twelve months is around 8.11%, more than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
TYLG Global X Information Technology Covered Call & Growth ETF	8.11%	7.66%	7.24%	11.89%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TYLG and QQQ in my portfolio?

With a correlation of 0.94, TYLG and QQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TYLG or QQQ?

QQQ has higher volatility (9.17%) compared to TYLG (8.24%). In terms of maximum drawdown, TYLG dropped -24.01% vs QQQ's -82.97%.

Which ETF is better, TYLG or QQQ?

On 3-year performance, QQQ leads with 26.05% vs 23.38% for TYLG. On fees, QQQ is cheaper at 0.18% per year. On volatility, TYLG has been the lower-risk option at 8.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TYLG or QQQ?

Over the 3-year period, QQQ has performed better with a 26.05% return vs 23.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TYLG or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.60% for TYLG.

Which ETF pays a higher dividend yield, TYLG or QQQ?

TYLG has the higher dividend yield at 8.11%, compared with 0.43% for QQQ.

What is the main difference between TYLG and QQQ?

TYLG is categorized as Derivative Income, while QQQ is Nasdaq-100. TYLG tracks Cboe S&P Technology Select Sector Half BuyWrite Index - Benchmark TR Gross, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.60% for TYLG and 0.18% for QQQ.

Which has better risk-adjusted returns?

TYLG currently has the higher Sharpe Ratio (2.34 vs 1.95), 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.