ETF Versus

QYLD vs XYLD

Global X NASDAQ 100 Covered Call ETF vs Global X S&P 500 Covered Call ETF

Last updated: 2026-04-02

QYLD

Global X NASDAQ 100 Covered Call ETF (QYLD) is an exchange-traded fund that provides exposure to us covered call securities. It charges a high expense ratio of 0.60%. The fund offers a high dividend yield of 11.85%. Launched in 2013, the fund has a 13-year track record.

AUM: $7.9B ER: 0.60% Yield: 11.85% Since: Dec 12, 2013
XYLD

Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that provides exposure to us covered call securities. It charges a high expense ratio of 0.60%. The fund offers a high dividend yield of 10.93%. Launched in 2013, the fund has a 13-year track record.

AUM: $3.0B ER: 0.60% Yield: 10.93% Since: Jun 24, 2013

Quick Verdict

QYLD has edged ahead over the past year (3.2% vs -0.5%). Income investors may prefer QYLD for its higher yield (11.8% vs 10.9%).

Key Metrics

Metric QYLD XYLD
Expense Ratio 0.60% 0.60%
Dividend Yield 11.8% 10.9%
Fund Family N/A N/A
Category US Covered Call US Covered Call

Performance Chart

Indexed to 100 at start (5-year comparison)

65 74 83 92 101 110 2021-04 2022-06 2023-09 2024-12 2026-04
QYLD -24.1%
XYLD -18.3%

Performance Comparison

Period QYLD XYLD Difference
1 Month -2.10% -3.51% +1.41%
3 Months -2.43% -3.46% +1.03%
6 Months +1.05% -0.20% +1.25%
YTD -2.43% -3.46% +1.03%
1 Year +3.17% -0.51% +3.68%
3 Years +0.41% -3.11% +3.52%
5 Years -24.14% -18.29% -5.85%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period QYLD Fees XYLD Fees You Save
$10.000 10 years $1.170 $1.170 $0
$10.000 20 years $4.914 $4.914 $0
$10.000 30 years $15.488 $15.488 $0
$50.000 10 years $5.849 $5.849 $0
$50.000 30 years $77.438 $77.438 $0
$100.000 30 years $154.876 $154.876 $0

Risk Metrics

Based on 5 years of daily returns

Metric QYLD XYLD
Annualized Volatility 15.2% 11.7%
Max Drawdown -35.3% -30.3%
Sharpe Ratio -0.59 -0.67

Dividend Comparison

Metric QYLD XYLD
Annual Dividend (per share) $2.05 $4.30
Dividend Yield 11.86% 10.93%
Distribution Frequency Monthly Monthly

Top Holdings

8 of top 9 holdings overlap (89% overlap in top holdings)

QYLD Top Holdings

NameWeight
NVIDIA CorporationNVDA8.56%
Apple Inc.AAPL7.73%
Microsoft CorporationMSFT5.69%
Amazon.com, Inc.AMZN4.60%
Tesla, Inc.TSLA3.78%
Walmart Inc.WMT3.56%
Meta Platforms, Inc.META3.38%
Alphabet Inc.GOOG3.17%
Broadcom Inc.AVGO2.97%

XYLD Top Holdings

NameWeight
NVIDIA CorporationNVDA7.45%
Apple Inc.AAPL6.72%
Microsoft CorporationMSFT4.95%
Amazon.com, Inc.AMZN3.64%
Broadcom Inc.AVGO2.58%
Alphabet Inc.GOOG2.37%
Meta Platforms, Inc.META2.18%
Tesla, Inc.TSLA1.85%
Berkshire Hathaway Inc.BRK.B1.62%

Which One Should You Choose?

Choose QYLD if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose QYLD if...

you prioritize dividend income and want higher regular distributions from your portfolio.

Either works if...

you just need broad us covered call exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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