USD=X vs. QYLD
USD=X (USD Cash) is a currency, while QYLD (Global X NASDAQ 100 Covered Call ETF) is Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Over the past 10 years, USD=X returned 0.00%/yr vs 9.77%/yr for QYLD.
Performance
USD=X vs. QYLD - Performance Comparison
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Returns By Period
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
QYLD
- 1D
- 1.07%
- 1M
- 0.23%
- YTD
- 7.05%
- 6M
- 8.87%
- 1Y
- 22.45%
- 3Y*
- 13.42%
- 5Y*
- 8.24%
- 10Y*
- 9.77%
USD=X vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 7.05% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
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Return for Risk
USD=X vs. QYLD — Risk / Return Rank
USD=X
QYLD
USD=X vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| USD=X | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.56 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.59 | — |
Drawdowns
USD=X vs. QYLD - Drawdown Comparison
The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for USD=X and QYLD.
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Drawdown Indicators
| USD=X | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -24.75% | +24.75% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -4.97% | +4.97% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | -19.06% | +19.06% |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | -24.61% | +24.61% |
Max Drawdown (10Y)Largest decline over 10 years | 0.00% | -24.75% | +24.75% |
Current DrawdownCurrent decline from peak | 0.00% | -0.83% | +0.83% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -3.83% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.86% | -0.86% |
Volatility
USD=X vs. QYLD - Volatility Comparison
The current volatility for USD Cash (USD=X) is 0.00%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 2.86%. This indicates that USD=X 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.
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Volatility by Period
| USD=X | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 2.86% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 7.44% | -7.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 8.84% | -8.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 14.73% | -14.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 15.51% | -15.51% |
Frequently Asked Questions
QYLD has higher volatility (2.86%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs QYLD's -24.75%.
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