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QGRD vs QYLD

Horizon Nasdaq-100 Defined Risk ETF

QGRDDNasdaq

Global X Nasdaq 100 Covered Call ETF

QYLDANasdaq

Overlap

Expense ratio

QYLD −0.25pt a year

QGRD0.85%QYLD0.60%

Avg volume · 30D

QYLD 119.9×the volume

QGRD38.3KQYLD4.59M

QGRD vs QYLD Performance

Nov 7, 2025 – Nov 9, 2026

+4.3%QGRD+14.8%QYLD

Nov 7, 2025 to Nov 9, 2026. QGRD +4.3%. QYLD +14.8%. Use the arrow keys to read each point.−5%0%10%20%Nov 2025May 2026Nov 2026
Expense ratio
QGRD 0.85%
QYLD 0.60%, better
Fund size
QGRD $162M
QYLD $7.84B
1Y total return
QGRD +4.3%
QYLD +14.8%, better
Yield (12M)
QGRD No data
QYLD 12.11%
Holdings
QGRD 7
QYLD 103
Avg volume (30D)
QGRD 38.3K sh
QYLD 4.59M sh, better
NAV per share
QGRD $27.50
QYLD $17.11
52W range

ETF.net Grade

QGRD: Cost 33, Risk 56, Mission not scored, Tradability 41, Holdings not scored, Durability 35. QYLD: Cost 65, Risk 71, Mission 100, Tradability 90, Holdings 73, Durability 91.
Pillar letters and Scores for QGRD, QYLD, with each pillar’s weight
PillarQGRDQYLD
Cost30% weightD33B65Higher
Mission25% weightNot scoredA100
Risk15% weightB56A71Higher
Tradability15% weightC41A90Higher
Holdings10% weightNot scoredA73
Durability5% weightD35A91Higher

Rank among Nasdaq-100 Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QGRD and QYLD are both graded against the same 30 Nasdaq-100 Option Income funds, so their Grades compare head to head.

Nasdaq-100 Option Income⁠

Category · 30 funds
See all 30 ›

QYLD ranks 2nd and QGRD 22nd of 30 funds in the Nasdaq-100 Option Income Category.

  1. Rank 1AQQAInvesco QQQ Income Advantage ETFScore 82
  2. Rank 2AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 80
  3. Rank 2AQYLDGlobal X Nasdaq 100 Covered Call ETFScore 80
  4. Rank 4AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 79
  5. Rank 21CCANQCalamos Nasdaq Equity & Income ETFScore 43
  6. Rank 22DQGRDHorizon Nasdaq-100 Defined Risk ETFScore 40
  7. Rank 23CQDTERoundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETFScore 38

Our read on each fund

ETF.net Research

QGRDDHorizon Nasdaq-100 Defined Risk ETF

QYLDAGlobal X Nasdaq 100 Covered Call ETF

In short

QGRD Most Nasdaq-100 options funds are built around selling calls. QGRD runs an actively managed collar on FLEX options tied to the same index, spending some upside to fund an explicit downside cushion.

QYLD Running since 2013, QYLD is the no-frills version of the Nasdaq-100 income trade: own the index, sell calls against it, pay out monthly. No stock picking, no manager discretion, just a rules-based buy-write index followed closely.

Stated mandate

QGRD The fund seeks capital appreciation and capital preservation. It primarily uses FLEX options tied to the Nasdaq-100 and actively managed collars to pursue exposure while generating income, managing volatility, and reducing downside risk.

QYLD QYLD seeks, before fees and expenses, to generally match the price and yield performance of the Cboe NASDAQ-100® BuyWrite V2 Index. It uses a buy-write strategy that holds NASDAQ-100 stocks and sells corresponding call options.

Why people hold it

  • QGRD Protection is in the mechanics, not the marketing: FLEX options on the Nasdaq-100 wrapped in a collar, pairing sold calls with a protective put leg aimed at blunting drawdowns.
  • The collar is actively managed, so strikes and hedges can be adjusted as volatility shifts rather than locked to one fixed formula.
  • Dual mandate, unusual for this group: it targets capital appreciation and capital preservation, with income as one tool rather than the headline number.
  • QYLD Simple machine: holds Nasdaq-100 stocks, sells the matching calls, and tracks the Cboe NASDAQ-100 BuyWrite V2 Index closely. Nothing to second-guess.
  • Income arrives monthly, and the 0.60% fee sits under the median for Nasdaq-100 options-income funds.
  • A multi-billion-dollar fund that trades very actively, so getting in and out is rarely the hard part.

Worth knowing

  • QGRD At 0.85% it sits above the typical fee in the Nasdaq-100 options-income group, where QQA charges 0.33% and JEPQ 0.35%.
  • A 2025 launch that trades lightly, so the live record is short and spreads can run wider than at the cohort's largest names.
  • Payouts follow an annual or semiannual schedule, so this is not a monthly-income vehicle.
  • QYLD Writing calls sells the upside. When the Nasdaq-100 runs past the strike, that gain goes to the option buyer, not the fund.
  • Leaner options on the same index: QQA at 0.33%, GPIQ and JEPQ at 0.35%.
  • Payouts are funded by option premium and no target rate is declared, so the monthly check varies with volatility.

Full QGRD profile⁠

Full QYLD profile⁠

QGRD vs QYLD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QGRD vs QYLD Cost

Overpaying QGRD vs QYLD

$4,382

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QGRD 0.85%

    $16,199

  • QYLD 0.60%

    $11,817

$10,000
30 years

Cost over time

  • QGRD 0.85%
  • QYLD 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QGRD $16,199QYLD $11,817

Year by year

YearQGRDQYLDOverpaying
10$1,508$1,076$432
20$5,706$4,116$1,590
30$16,199$11,817$4,382

Expense ratio

  • 0.85%QGRD
  • 0.60%QYLD, cheaper
  • Middle half of Nasdaq-100 Option Income funds
  • Median 0.71%

QYLD 10th cheapest of 30 funds

QGRD 20th cheapest of 30 funds

QGRD vs QYLD Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
QGRD No data
QYLD 12.11%
Payout (12M)
QGRD No data
QYLD $2.14
Last payment
QGRD $0.42
QYLD $0.18
Ex-dividend
QGRD Dec 24, 2025
QYLD Oct 19, 2026
Paid on
QGRD Dec 26, 2025
QYLD Oct 22, 2026
Frequency
QGRD Irregular
QYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

QGRDIrregular · 1 paymentAll QGRD payments⁠
One bar per payment. 1 payment from 2023 to 2026 YTD. Dec 24, 2025 $0.42. Use the arrow keys to read each point.$0$0.2520232026YTD
QYLDMonthly · 46 paymentsAll QYLD payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 23, 2023 $0.17; Feb 21, 2023 $0.17; Mar 20, 2023 $0.17; Apr 24, 2023 $0.17; May 22, 2023 $0.17; Jun 20, 2023 $0.18; Jul 24, 2023 $0.18; Aug 21, 2023 $0.17; Sep 18, 2023 $0.17; Oct 23, 2023 $0.17; Nov 20, 2023 $0.16; Dec 28, 2023 $0.17; Jan 22, 2024 $0.18; Feb 20, 2024 $0.18; Mar 18, 2024 $0.18; Apr 22, 2024 $0.17; May 20, 2024 $0.16; Jun 24, 2024 $0.17; Jul 22, 2024 $0.18; Aug 19, 2024 $0.18; Sep 23, 2024 $0.18; Oct 21, 2024 $0.18; Nov 18, 2024 $0.18; Dec 30, 2024 $0.34; Jan 21, 2025 $0.19; Feb 24, 2025 $0.17; Mar 24, 2025 $0.17; Apr 21, 2025 $0.16; May 19, 2025 $0.17; Jun 23, 2025 $0.17; Jul 21, 2025 $0.17; Aug 18, 2025 $0.17; Sep 22, 2025 $0.17; Oct 20, 2025 $0.17; Nov 24, 2025 $0.17; Dec 22, 2025 $0.18; Jan 20, 2026 $0.18; Feb 23, 2026 $0.18; Mar 23, 2026 $0.17; Apr 20, 2026 $0.18; May 18, 2026 $0.18; Jun 22, 2026 $0.19; Jul 20, 2026 $0.18; Aug 24, 2026 $0.18; Sep 21, 2026 $0.18; Oct 19, 2026 $0.18. Use the arrow keys to read each point.$0$0.2520232026YTD

QGRD vs QYLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QGRD 16.2%since Aug 2025QYLD 8.1%
Return per unit of riskSharpe ratio, 3 years
QGRD 0.47since Aug 2025QYLD 1.31
Worst fallMax drawdown, 5 years
QGRD −11.0%since Jul 2025QYLD −24.6%
Market sensitivityBeta, 5 years
QGRD 0.94QYLD 0.48

QGRD and QYLD in the news

All news⁠

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