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VXX vs. QYLD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VXX vs. QYLD

Last updated Apr 2, 2026

Compare and contrast key facts about iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Global X NASDAQ 100 Covered Call ETF (QYLD).

VXX and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VXX is a passively managed fund by Barclays Capital that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 19, 2018. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. Both VXX and QYLD 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

VXX vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

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VXX vs. QYLD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VXX
iPath Series B S&P 500 VIX Short-Term Futures ETN		31.21%-42.21%-26.22%-72.52%-23.80%-72.41%11.04%-67.75%67.91%-72.64%
QYLD
Global X NASDAQ 100 Covered Call ETF		0.61%9.28%19.35%22.77%-19.08%10.41%8.72%22.69%-3.07%18.79%

Returns By Period

In the year-to-date period, VXX achieves a 31.21% return, which is significantly higher than QYLD's 0.61% return. Over the past 10 years, VXX has underperformed QYLD with an annualized return of -46.34%, while QYLD has yielded a comparatively higher 8.96% annualized return.

VXX

1D
-2.72%
1M
18.69%
YTD
31.21%
6M
5.34%
1Y
-32.54%
3Y*
-42.18%
5Y*
-45.27%
10Y*
-46.34%

QYLD

1D
0.58%
1M
-1.11%
YTD
0.61%
6M
7.46%
1Y
16.36%
3Y*
13.19%
5Y*
7.01%
10Y*
8.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iPath Series B S&P 500 VIX Short-Term Futures ETN

Global X NASDAQ 100 Covered Call ETF

Often compared with VXX:
VXX vs. VIXYVXX vs. UVXYVXX vs. VXZVXX vs. UVIXVXX vs. QQQVXX vs. SPYVXX vs. SVXY
Often compared with QYLD:
QYLD vs. JEPQQYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLG

VXX vs. QYLD - Expense Ratio Comparison

VXX has a 0.89% expense ratio, which is higher than QYLD's 0.60% expense ratio.

VXX
iPath Series B S&P 500 VIX Short-Term Futures ETN
QYLD
Global X NASDAQ 100 Covered Call ETF

Return for Risk

VXX vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VXX
VXX Risk / Return Rank: 66
Overall Rank
VXX Sharpe Ratio Rank: 55
Sharpe Ratio Rank
VXX Sortino Ratio Rank: 66
Sortino Ratio Rank
VXX Omega Ratio Rank: 77
Omega Ratio Rank
VXX Calmar Ratio Rank: 55
Calmar Ratio Rank
VXX Martin Ratio Rank: 77
Martin Ratio Rank
QYLD
QYLD Risk / Return Rank: 6868
Overall Rank
QYLD Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 6161
Sortino Ratio Rank
QYLD Omega Ratio Rank: 7979
Omega Ratio Rank
QYLD Calmar Ratio Rank: 5959
Calmar Ratio Rank
QYLD Martin Ratio Rank: 8585
Martin Ratio Rank
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.

VXX vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) 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.

VXXQYLDDifference

Sharpe ratio

Return per unit of total volatility

-0.44

1.00

-1.44

Sortino ratio

Return per unit of downside risk

-0.25

1.61

-1.86

Omega ratio

Gain probability vs. loss probability

0.97

1.31

-0.34

Calmar ratio

Return relative to maximum drawdown

-0.47

1.57

-2.03

Martin ratio

Return relative to average drawdown

-0.59

10.32

-10.92

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VXX vs. QYLD - Sharpe Ratio Comparison

The current VXX Sharpe Ratio is -0.44, which is lower than the QYLD Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of VXX and QYLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VXXQYLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.44

1.00

-1.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.66

0.47

-1.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.65

0.58

-1.23

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.75

0.56

-1.31

Correlation

The correlation between VXX and QYLD is -0.65. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

VXX vs. QYLD - Dividend Comparison

VXX has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.85%.

TTM20252024202320222021202020192018201720162015
VXX
iPath Series B S&P 500 VIX Short-Term Futures ETN		0.00%0.00%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		11.85%11.55%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%

Drawdowns

VXX vs. QYLD - Drawdown Comparison

The maximum VXX drawdown since its inception was -100.00%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for VXX and QYLD.

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Drawdown Indicators

VXXQYLDDifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-24.75%

-75.25%

Max Drawdown (1Y)

Largest decline over 1 year

-69.85%

-10.84%

-59.01%

Max Drawdown (5Y)

Largest decline over 5 years

-96.67%

-24.61%

-72.06%

Max Drawdown (10Y)

Largest decline over 10 years

-99.87%

-24.75%

-75.12%

Current Drawdown

Current decline from peak

-100.00%

-1.84%

-98.16%

Average Drawdown

Average peak-to-trough decline

-95.03%

-3.89%

-91.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

54.84%

1.65%

+53.19%

Volatility

VXX vs. QYLD - Volatility Comparison

iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) has a higher volatility of 28.80% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 4.90%. This indicates that VXX'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

VXXQYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

28.80%

4.90%

+23.90%

Volatility (6M)

Calculated over the trailing 6-month period

46.98%

7.50%

+39.48%

Volatility (1Y)

Calculated over the trailing 1-year period

74.80%

16.43%

+58.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

69.04%

14.84%

+54.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

71.15%

15.51%

+55.64%