XYLG vs. QYLG

Last updated Aug 2, 2026

XYLG (Global X S&P 500 Covered Call & Growth ETF) and QYLG (Global X Nasdaq 100 Covered Call & Growth ETF) are both exchange-traded funds - XYLG is a Derivative Income fund tracking the Cboe S&P 500 Half BuyWrite Index, while QYLG is a Nasdaq-100 fund tracking the CBOE Nasdaq-100 BuyWrite V2 Index. Both are passively managed. Over the past 5 years, XYLG returned 10.29%/yr vs 11.09%/yr for QYLG. Their correlation of 0.86 means they have usually moved in the same direction. XYLG charges 0.35%/yr vs 0.60%/yr for QYLG.

Performance

XYLG vs. QYLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Covered Call & Growth ETF (XYLG) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XYLG achieves a 9.01% return, which is significantly lower than QYLG's 10.36% return.

XYLG

• 1D: 0.62%
• 1M: 0.99%
• 6M: 7.63%
• YTD: 9.01%
• 1Y: 20.14%
• 3Y*: 15.31%
• 5Y*: 10.29%
• 10Y*: —
• ALL TIME*: 13.39%

QYLG

• 1D: 0.84%
• 1M: -2.12%
• 6M: 8.81%
• YTD: 10.36%
• 1Y: 23.14%
• 3Y*: 17.42%
• 5Y*: 11.09%
• 10Y*: —
• ALL TIME*: 13.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	$1.64M	$1.48M	$1.35M
XYLG Global X S&P 500 Covered Call & Growth ETF	$327.98K	$376.07K	$507.55K

XYLG vs. QYLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XYLG Global X S&P 500 Covered Call & Growth ETF	9.01%	12.93%	22.31%	18.16%	-15.46%	23.81%	12.13%
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	10.36%	15.29%	22.02%	38.73%	-26.27%	18.29%	13.88%

Correlation

The correlation between XYLG and QYLG is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (All Time) Calculated using the full available price history since Sep 22, 2020	0.86

The correlation between XYLG and QYLG has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

XYLG vs. QYLG - Sectors Allocation Comparison

Sectors	XYLG	QYLG
Technology	38.3%	60.8%
Financial Services	12.3%	0.2%
Communication Services	9.3%	13.1%
Healthcare	9.2%	3.6%
Consumer Cyclical	8.8%	10.7%
Industrials	7.8%	2.7%
Consumer Defensive	4.7%	6.3%
Energy	3.4%	0.5%
Utilities	2.7%	1.2%
Real Estate	2.0%	0.1%
Basic Materials	1.9%	1.1%

Return for Risk

XYLG vs. QYLG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XYLG

XYLG Risk / Return Rank: 82
XYLG Sharpe Ratio Rank: 81
XYLG Sortino Ratio Rank: 82
XYLG Omega Ratio Rank: 81
XYLG Calmar Ratio Rank: 78
XYLG Martin Ratio Rank: 88

QYLG

QYLG Risk / Return Rank: 66
QYLG Sharpe Ratio Rank: 62
QYLG Sortino Ratio Rank: 60
QYLG Omega Ratio Rank: 59
QYLG Calmar Ratio Rank: 74
QYLG Martin Ratio Rank: 75

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XYLG vs. QYLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call & Growth ETF (XYLG) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG). 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.

	XYLG	QYLG	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.43	+0.44
Sortino ratio: Return per unit of downside risk	2.64	2.02	+0.62
Omega ratio: Gain probability vs. loss probability	1.34	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	2.75	2.55	+0.20
Martin ratio: Return relative to average drawdown	13.26	9.39	+3.88

XYLG vs. QYLG - Sharpe Ratio Comparison

The current XYLG Sharpe Ratio is 1.87, which is higher than the QYLG Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of XYLG and QYLG, 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

XYLG vs. QYLG - Drawdown Comparison

The maximum XYLG drawdown since its inception was -21.30%, smaller than the maximum QYLG drawdown of -29.98%. Use the drawdown chart below to compare losses from any high point for XYLG and QYLG.

Drawdown Indicators

	XYLG	QYLG	Difference
Max Drawdown Largest peak-to-trough decline	-21.30%	-29.98%	+8.68%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-8.42%	+1.49%
Max Drawdown (3Y) Largest decline over 3 years	-17.42%	-20.75%	+3.33%
Max Drawdown (5Y) Largest decline over 5 years	-21.30%	-29.98%	+8.68%
Current Drawdown Current decline from peak	0.00%	-4.69%	+4.69%
Average Drawdown Average peak-to-trough decline	-4.01%	-6.32%	+2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	2.29%	-0.86%

Volatility

XYLG vs. QYLG - Volatility Comparison

The current volatility for Global X S&P 500 Covered Call & Growth ETF (XYLG) is 2.69%, while Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a volatility of 5.92%. This indicates that XYLG experiences smaller price fluctuations and is considered to be less risky than QYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XYLG	QYLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	5.92%	-3.23%
Volatility (6M) Calculated over the trailing 6-month period	8.27%	12.85%	-4.58%
Volatility (1Y) Calculated over the trailing 1-year period	10.19%	15.01%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	18.38%	-4.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.79%	18.08%	-4.29%

XYLG vs. QYLG - Expense Ratio Comparison

XYLG has a 0.35% expense ratio, which is lower than QYLG's 0.60% expense ratio.

Dividends

XYLG vs. QYLG - Dividend Comparison

XYLG's dividend yield for the trailing twelve months is around 13.10%, less than QYLG's 17.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QYLG Global X Nasdaq 100 Covered Call & Growth ETF	17.61%	17.93%	25.27%	5.43%	6.91%	10.15%	1.44%
XYLG Global X S&P 500 Covered Call & Growth ETF	13.10%	13.94%	23.65%	4.90%	6.43%	7.40%	1.39%

Frequently Asked Questions

Can I hold both XYLG and QYLG in my portfolio?

XYLG and QYLG have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XYLG or QYLG?

QYLG has higher volatility (5.92%) compared to XYLG (2.69%). In terms of maximum drawdown, XYLG dropped -21.30% vs QYLG's -29.98%.

Which ETF is better, XYLG or QYLG?

On 5-year performance, QYLG leads with 11.09% vs 10.29% for XYLG. On fees, XYLG is cheaper at 0.35% per year. On volatility, XYLG has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XYLG or QYLG?

Over the 5-year period, QYLG has performed better with a 11.09% return vs 10.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XYLG or QYLG?

XYLG is cheaper with a 0.35% expense ratio, compared with 0.60% for QYLG.

Which ETF pays a higher dividend yield, XYLG or QYLG?

QYLG has the higher dividend yield at 17.61%, compared with 13.10% for XYLG.

What is the main difference between XYLG and QYLG?

XYLG is categorized as Derivative Income, while QYLG is Nasdaq-100. XYLG tracks Cboe S&P 500 Half BuyWrite Index, while QYLG tracks CBOE Nasdaq-100 BuyWrite V2 Index. Their fees differ too: 0.35% for XYLG and 0.60% for QYLG.

Which has better risk-adjusted returns?

XYLG currently has the higher Sharpe Ratio (1.87 vs 1.43), 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.