QYLD — Global X NASDAQ 100 Covered Call ETF

QYLD Price Performance — Growth of $10,000

Value of a $10,000 investment in QYLD over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

QYLD Drawdown

The "underwater" chart: QYLD's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Global X NASDAQ 100 Covered Call ETF (QYLD) is a covered call strategy ETF that aims to generate income through option premiums while maintaining exposure to the NASDAQ 100 index. Issued by Global X Funds, QYLD is positioned as one of the top 10% of ETFs in its category, ranking #165 out of 458 tracked ETFs across all categories. The fund has a relatively low expense ratio of 0.6%, making it cost-effective for investors. It also offers a high dividend yield of 9.88%, providing a strong income stream. Despite its high dividend yield, the fund's price at $18.32 and assets under management (AUM) of $8.09B suggest a level of investor confidence and adoption, indicating that the fund is well-regarded in the market.

Over the past year, the Global X NASDAQ 100 Covered Call ETF (QYLD) has shown a steady upward trend, with a 1-year return of 23.85%. This performance is consistent across different time horizons, with returns of 3.85% in the last month and 4.77% in the last three months. The fund's returns have been particularly strong in the longer term, with a 3-year return of 50.69%. The 1-day return of +0.49% and the 1-week return of +0.60% suggest that the fund has maintained a relatively stable performance in the short term, with no significant volatility. This indicates that the fund's performance has been more pronounced in the medium to long term, with a clear upward trend over the past year and three years.

The Global X NASDAQ 100 Covered Call ETF (QYLD) is labeled as having low volatility, which suggests that it is less susceptible to market fluctuations compared to more volatile funds. However, its beta of 0.49 indicates that the fund is slightly less sensitive to market movements than the overall market, which has a beta of 1.0. The Sharpe ratio of 1.69 is quite high, indicating that the fund has provided a good risk-adjusted return. The maximum drawdown of -19.06% suggests that the fund has experienced a significant decline in value at one point, but it has since recovered. This combination of low volatility, a moderate beta, a high Sharpe ratio, and a moderate drawdown implies that the fund is well-suited for investors seeking a balance between income generation and capital preservation, with a focus on downside protection in a volatile market environment.

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. Top 10 holdings make up 48.3% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how QYLD's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With QYLD

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with QYLD's top 10 — QQQ overlaps most, holding 9 of the same companies as QYLD's top 10 (48.3% of QYLD's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

QYLD Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.06% and average daily volume is 4.9M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $8.09B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: QYLD is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

QYLD Performance History

How QYLD Compares to Other Covered Call / Income ETFs