XCLR vs. QGRD

Last updated Jun 4, 2026

XCLR (Global X S&P 500 Collar 95-110 ETF) and QGRD (Horizon NASDAQ-100 Defined Risk ETF) are both Equity Hedged funds. XCLR is passively managed, while QGRD is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. XCLR charges 0.25%/yr vs 0.85%/yr for QGRD.

Performance

XCLR vs. QGRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Collar 95-110 ETF (XCLR) and Horizon NASDAQ-100 Defined Risk ETF (QGRD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XCLR achieves a 2.37% return, which is significantly lower than QGRD's 15.09% return.

XCLR

• 1D: -0.05%
• 1M: 2.04%
• YTD: 2.37%
• 6M: 2.16%
• 1Y: 13.37%
• 3Y*: 13.42%
• 5Y*: —
• 10Y*: —

QGRD

• 1D: -0.13%
• 1M: 8.60%
• YTD: 15.09%
• 6M: 13.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XCLR vs. QGRD - Yearly Performance Comparison

	2026 (YTD)	2025
XCLR Global X S&P 500 Collar 95-110 ETF	2.37%	7.00%
QGRD Horizon NASDAQ-100 Defined Risk ETF	15.09%	8.34%

Correlation

The correlation between XCLR and QGRD is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.88

Return for Risk

XCLR vs. QGRD — Risk / Return Rank

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

XCLR

XCLR Risk / Return Rank: 41
XCLR Sharpe Ratio Rank: 44
XCLR Sortino Ratio Rank: 43
XCLR Omega Ratio Rank: 45
XCLR Calmar Ratio Rank: 32
XCLR Martin Ratio Rank: 41

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.

XCLR vs. QGRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Collar 95-110 ETF (XCLR) and Horizon NASDAQ-100 Defined Risk ETF (QGRD). 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.

	XCLR	QGRD	Difference
Sharpe ratio: Return per unit of total volatility	1.57	—	—
Sortino ratio: Return per unit of downside risk	2.17	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	1.62	—	—
Martin ratio: Return relative to average drawdown	6.51	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XCLR	QGRD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	2.16	-1.43

Drawdowns

XCLR vs. QGRD - Drawdown Comparison

The maximum XCLR drawdown since its inception was -14.63%, which is greater than QGRD's maximum drawdown of -9.41%. Use the drawdown chart below to compare losses from any high point for XCLR and QGRD.

Drawdown Indicators

	XCLR	QGRD	Difference
Max Drawdown Largest peak-to-trough decline	-14.63%	-9.41%	-5.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.46%	—	—
Current Drawdown Current decline from peak	-0.05%	-0.13%	+0.08%
Average Drawdown Average peak-to-trough decline	-4.71%	-2.19%	-2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	—	—

Volatility

Volatility by Period

	XCLR	QGRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.58%	12.92%	-4.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.44%	12.92%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.44%	12.92%	-2.48%

XCLR vs. QGRD - Expense Ratio Comparison

XCLR has a 0.25% expense ratio, which is lower than QGRD's 0.85% expense ratio.

Dividends

XCLR vs. QGRD - Dividend Comparison

XCLR's dividend yield for the trailing twelve months is around 12.85%, more than QGRD's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021
QGRD Horizon NASDAQ-100 Defined Risk ETF	1.36%	1.57%	0.00%	0.00%	0.00%	0.00%
XCLR Global X S&P 500 Collar 95-110 ETF	12.85%	13.15%	18.76%	1.40%	1.01%	1.70%

Frequently Asked Questions

Can I hold both XCLR and QGRD in my portfolio?

XCLR and QGRD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XCLR or QGRD?

On fees, XCLR is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XCLR or QGRD?

XCLR is cheaper with a 0.25% expense ratio, compared with 0.85% for QGRD.

Which ETF pays a higher dividend yield, XCLR or QGRD?

XCLR has the higher dividend yield at 12.85%, compared with 1.36% for QGRD.

What is the main difference between XCLR and QGRD?

They also come from different issuers: Global X and Horizon. Their fees differ too: 0.25% for XCLR and 0.85% for QGRD.