YQQQ vs. QYLD
YQQQ (YieldMax Short N100 Option Income Strategy ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - YQQQ is a Derivative Income fund actively managed by YieldMax, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. YQQQ is actively managed, while QYLD is passively managed. Over the past year, YQQQ returned -11.10% vs 22.07% for QYLD. At a correlation of -0.82, they often move in opposite directions. YQQQ charges 0.99%/yr vs 0.60%/yr for QYLD.
Performance
YQQQ vs. QYLD - Performance Comparison
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Returns By Period
In the year-to-date period, YQQQ achieves a -6.68% return, which is significantly lower than QYLD's 8.25% return.
YQQQ
- 1D
- 0.00%
- 1M
- 0.95%
- YTD
- -6.68%
- 6M
- -5.48%
- 1Y
- -11.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLD
- 1D
- 0.56%
- 1M
- 1.12%
- YTD
- 8.25%
- 6M
- 7.89%
- 1Y
- 22.07%
- 3Y*
- 14.40%
- 5Y*
- 8.29%
- 10Y*
- 10.21%
YQQQ vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YQQQ YieldMax Short N100 Option Income Strategy ETF | -6.68% | -9.97% | -5.17% |
QYLD Global X NASDAQ 100 Covered Call ETF | 8.25% | 9.28% | 10.63% |
Correlation
The correlation between YQQQ and QYLD is -0.82, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024 | -0.82 |
The correlation between YQQQ and QYLD has been stable across timeframes, ranging from -0.82 to -0.82 - a consistent structural relationship.
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Return for Risk
YQQQ vs. QYLD — Risk / Return Rank
YQQQ
QYLD
YQQQ vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short N100 Option Income Strategy ETF (YQQQ) 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.
| YQQQ | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.11 | ||
| Sortino ratioReturn per unit of downside risk | -4.29 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.51 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 4.46 | -4.97 |
| Martin ratioReturn relative to average drawdown | -1.29 | 24.33 | -25.63 |
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Drawdowns
YQQQ vs. QYLD - Drawdown Comparison
The maximum YQQQ drawdown since its inception was -29.10%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for YQQQ and QYLD.
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Drawdown Indicators
| YQQQ | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.10% | -24.75% | -4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -21.80% | -4.97% | -16.83% |
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 DrawdownCurrent decline from peak | -26.38% | -1.77% | -24.61% |
Average DrawdownAverage peak-to-trough decline | -14.62% | -3.82% | -10.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.81% | 0.91% | +7.90% |
Volatility
YQQQ vs. QYLD - Volatility Comparison
YieldMax Short N100 Option Income Strategy ETF (YQQQ) has a higher volatility of 5.98% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 4.78%. This indicates that YQQQ'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
| YQQQ | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 4.78% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 8.45% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 9.69% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 14.84% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 15.55% | +1.01% |
YQQQ vs. QYLD - Expense Ratio Comparison
YQQQ has a 0.99% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Dividends
YQQQ vs. QYLD - Dividend Comparison
YQQQ's dividend yield for the trailing twelve months is around 30.57%, more than QYLD's 11.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.64% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 30.57% | 31.71% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YQQQ and QYLD have a correlation of -0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YQQQ has higher volatility (5.98%) compared to QYLD (4.78%). In terms of maximum drawdown, YQQQ dropped -29.10% vs QYLD's -24.75%.
On 1-year performance, QYLD leads with 22.07% vs -11.10% for YQQQ. On fees, QYLD is cheaper at 0.60% per year. On volatility, QYLD has been the lower-risk option at 4.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QYLD has performed better with a 22.07% return vs -11.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QYLD is cheaper with a 0.60% expense ratio, compared with 0.99% for YQQQ.
YQQQ has the higher dividend yield at 30.57%, compared with 11.64% for QYLD.
YQQQ is categorized as Derivative Income, while QYLD is Nasdaq-100. They also come from different issuers: YieldMax and Global X. Their fees differ too: 0.99% for YQQQ and 0.60% for QYLD.
QYLD currently has the higher Sharpe Ratio (2.29 vs -0.82), 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.
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