QYLD — Global X NASDAQ 100 Covered Call ETF

Overview

The Global X NASDAQ 100 Covered Call ETF (QYLD) is a Covered Call / Income fund issued by Global X Funds with $8.37 billion in assets under management. Trading at $18.13, the fund holds an overall rank of #50 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 66.8/100. It carries an expense ratio of 0.6% while offering a dividend yield of 5.94%. The fund operates within a category of 4 ETFs tracked by ETFValuer, positioning it as a significant player in terms of asset size relative to its peers. The substantial AUM suggests considerable investor adoption despite the fund's specific income-focused strategy. Its pricing and yield profile reflect the typical characteristics of a covered call strategy designed for income generation. The combination of a B grade and top-half ranking indicates a moderate standing among the broader universe of tracked funds.

Over the last day, the fund posted a return of +0.33%, followed by a -1.63% decline over the one-week period. The one-month return accelerated to +2.88%, and the three-month return further increased to +7.69%. This upward momentum continued into the six-month horizon with a return of +8.43%, while the year-to-date return reached +8.92%. The one-year return showed significant growth at +22.08%, and the three-year return stands at +45.28%. The data indicates a pattern where short-term volatility was present in the first week, but returns have generally trended higher over longer horizons. The divergence between the one-week negative return and the strong one-year and three-year figures highlights the fund's longer-term accumulation of gains.

QYLD carries a Low volatility label and a beta of 0.49, indicating that the fund moves less than the broader market and exhibits reduced price fluctuations. A Sharpe ratio of 1.66 suggests that the fund has generated a favorable amount of return relative to the risk taken over the measured period. The maximum drawdown of -19.06% represents the largest peak-to-trough decline recorded for the fund. This combination of low beta and a high Sharpe ratio implies that the fund has provided steady returns with limited downside volatility compared to higher-risk assets. The maximum drawdown figure quantifies the worst-case scenario loss an investor would have faced during the tracked period. Together, these metrics describe a fund that has historically prioritized capital preservation and income stability over aggressive growth.

AI-generated summary based on the data on this page.

QYLD Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.13 (as of 2026-07-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

QYLD Performance History

How QYLD Compares to Other Covered Call / Income ETFs