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 / Income fund issued by Global X Funds with $8.37 billion in assets under management. Trading at $17.48, the fund holds an overall rank of #197 out of 458 tracked ETFs across all categories and carries an ETFValuer grade of C with a score of 62.7/100. It charges an expense ratio of 0.6% while offering a dividend yield of 9.44%, positioning it as a significant income generator within its category. The fund operates among 10 other ETFs tracked by ETFValuer in the Covered Call / Income space. Its substantial asset size and high yield suggest considerable investor adoption despite its mid-tier ranking. The combination of a moderate expense ratio and high yield defines its cost and income profile for potential holders.

Over the last day, the fund declined by 0.40%, followed by a 1.91% drop over the week and a 1.14% decrease over the month. Short-term weakness contrasts with a positive 0.64% return over the three-month period and a 4.24% gain over six months. Year-to-date performance stands at +6.07%, while the one-year return reached +17.73%. The three-year return totals +41.01%, indicating a longer-term upward trajectory despite recent short-term dips. This pattern shows a divergence where short-term volatility has been negative, but longer horizons reflect steady accumulation of gains.

QYLD carries a Low volatility label and a beta of 0.48, suggesting the fund moves less than the broader market. A Sharpe ratio of 1.17 indicates that the returns generated have been efficient relative to the risk taken. The maximum drawdown recorded is -19.06%, representing the largest peak-to-trough decline experienced by the fund. This combination of low beta and a moderate maximum drawdown implies the fund may offer reduced downside exposure compared to higher-beta alternatives. The Sharpe ratio further suggests that the income and returns provided have historically compensated well for the level of volatility encountered.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.23% and average daily volume is 5.5M/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 $8.37B 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