XRPM vs. QYLD

Last updated Jun 25, 2026

XRPM (Amplify XRP 3% Monthly Option Income ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - XRPM is a Derivative Income fund actively managed by Amplify, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. XRPM is actively managed, while QYLD is passively managed. At a 0.47 correlation, their price movements are largely independent. XRPM charges 0.75%/yr vs 0.60%/yr for QYLD.

Performance

XRPM vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify XRP 3% Monthly Option Income ETF (XRPM) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRPM achieves a -42.52% return, which is significantly lower than QYLD's 7.65% return.

XRPM

• 1D: -3.65%
• 1M: -19.48%
• YTD: -42.52%
• 6M: -43.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLD

• 1D: -0.22%
• 1M: 1.18%
• YTD: 7.65%
• 6M: 7.29%
• 1Y: 21.61%
• 3Y*: 13.90%
• 5Y*: 8.17%
• 10Y*: 9.97%

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

XRPM vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025
XRPM Amplify XRP 3% Monthly Option Income ETF	-42.52%	-12.80%
QYLD Global X NASDAQ 100 Covered Call ETF	7.65%	3.67%

Correlation

The correlation between XRPM and QYLD is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.47

Return for Risk

XRPM vs. QYLD — Risk / Return Rank

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

XRPM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QYLD

QYLD Risk / Return Rank: 85
QYLD Sharpe Ratio Rank: 78
QYLD Sortino Ratio Rank: 79
QYLD Omega Ratio Rank: 89
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 94

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.

XRPM vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify XRP 3% Monthly Option Income ETF (XRPM) 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.

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.

	XRPM	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.24	—
Sortino ratio: Return per unit of downside risk	—	3.15	—
Omega ratio: Gain probability vs. loss probability	—	1.50	—
Calmar ratio: Return relative to maximum drawdown	—	4.37	—
Martin ratio: Return relative to average drawdown	—	24.01	—

Drawdowns

XRPM vs. QYLD - Drawdown Comparison

The maximum XRPM drawdown since its inception was -51.05%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for XRPM and QYLD.

Drawdown Indicators

	XRPM	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-51.05%	-24.75%	-26.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.97%	—
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 Drawdown Current decline from peak	-51.05%	-2.32%	-48.73%
Average Drawdown Average peak-to-trough decline	-28.60%	-3.82%	-24.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.90%	—

Volatility

Volatility by Period

	XRPM	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	65.91%	9.69%	+56.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.91%	14.84%	+51.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.91%	15.55%	+50.36%

XRPM vs. QYLD - Expense Ratio Comparison

XRPM has a 0.75% expense ratio, which is higher than QYLD's 0.60% expense ratio.

Dividends

XRPM vs. QYLD - Dividend Comparison

XRPM's dividend yield for the trailing twelve months is around 28.60%, more than QYLD's 11.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QYLD Global X NASDAQ 100 Covered Call ETF	11.71%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%
XRPM Amplify XRP 3% Monthly Option Income ETF	28.60%	3.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XRPM and QYLD in my portfolio?

XRPM and QYLD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRPM or QYLD?

On fees, QYLD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRPM or QYLD?

QYLD is cheaper with a 0.60% expense ratio, compared with 0.75% for XRPM.

Which ETF pays a higher dividend yield, XRPM or QYLD?

XRPM has the higher dividend yield at 28.60%, compared with 11.71% for QYLD.

What is the main difference between XRPM and QYLD?

XRPM is categorized as Derivative Income, while QYLD is Nasdaq-100. They also come from different issuers: Amplify and Global X. Their fees differ too: 0.75% for XRPM and 0.60% for QYLD.