QYLD vs QYLG: Grades, Fees and Holdings Compared

Global X Nasdaq 100 Covered Call ETF

QYLDANasdaq

Global X Nasdaq 100 Covered Call & Growth ETF

QYLGANasdaq

Overlap

99.8%by weight

Expense ratio

QYLG −0.25pt a year

QYLD0.60%QYLG0.35%

Avg volume · 30D

QYLD 87.4×the volume

QYLD4.59MQYLG52.6K

5Y return · a year

QYLG +2.4pt

QYLD+7.5%QYLG+9.9%

QYLD vs QYLG Performance

Nov 9, 2021 – Nov 9, 2026

+43.3%QYLD+60.2%QYLG

Expense ratio: QYLD 0.60%; QYLG 0.35%, better
Fund size: QYLD $7.84B; QYLG $177M
1Y total return: QYLD +14.8%, better; QYLG +13.6%
Yield (12M): QYLD 12.11%; QYLG 17.65%, better
Holdings: QYLD 103; QYLG 103
Avg volume (30D): QYLD 4.59M sh, better; QYLG 52.6K sh
NAV per share: QYLD $17.11; QYLG $27.46
52W range

ETF.net Grade

Pillar letters and Scores for QYLD, QYLG, with each pillar’s weight
Pillar	QYLD	QYLG
Cost30% weight	B65	A82Higher
Mission25% weight	A100Higher	A96
Risk15% weight	A71Higher	B66
Tradability15% weight	A90Higher	C51
Holdings10% weight	A73	A73
Durability5% weight	A91Higher	B67

Rank among Nasdaq-100 Option Income funds

How we build Categories ›

Same Category. QYLD and QYLG 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 QYLG 5th of 30 funds in the Nasdaq-100 Option Income Category.

Rank 1AQQAInvesco QQQ Income Advantage ETFScore 82
Rank 2AGPIQGoldman Sachs Nasdaq-100 Premium Income ETFScore 80
Rank 2AQYLDGlobal X Nasdaq 100 Covered Call ETFScore 80
Rank 4AJEPQJPMorgan Nasdaq Equity Premium Income ETFScore 79
Rank 5AQYLGGlobal X Nasdaq 100 Covered Call & Growth ETFScore 76
Rank 6AQQQINEOS Nasdaq-100 High Income ETFScore 73

Our read on each fund

ETF.net Research

QYLDAGlobal X Nasdaq 100 Covered Call ETF

QYLGAGlobal X Nasdaq 100 Covered Call & Growth ETF

In short

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.

QYLG Covered calls, but only on half the book. QYLG owns the Nasdaq-100 and sells at-the-money calls on roughly 50% of the portfolio, trading away half the index's upside for monthly option income instead of all of it.

Stated mandate

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.

QYLG QYLG combines exposure to Nasdaq-100 stocks with a covered-call program on approximately half of the portfolio. The strategy is intended to provide income while retaining some upside participation.

Why people hold it

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.

QYLG Calls cover about half the portfolio, so the unwritten half keeps full participation in Nasdaq-100 moves instead of getting capped every month.globalxetfs.com
A 0.35% expense ratio undercuts most Nasdaq-100 option-income funds, including Global X's own full-overwrite sibling QYLD.
Rules-based, not discretionary: it follows the Cboe Nasdaq-100 Half BuyWrite V2 Index, and its delivery of that stated mandate sits in the top quartile of its peer group.globalxetfs.com
Distributions run monthly, a cadence the fund has kept since its 2020 launch.globalxetfs.com

Worth knowing

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.

QYLG Half the overwrite, roughly half the premium: by design this generates less income than a full covered-call fund like QYLD writing on the whole portfolio.globalxetfs.com
The written half uses at-the-money calls, so that slice's gains stop at the strike in a hot month. Premium collected rises and falls with volatility.globalxetfs.com
Assets and daily volume are modest next to the category's heavyweights, so bid-ask spreads matter more on larger orders.

Full QYLD profile⁠

Full QYLG profile⁠

QYLD vs QYLG Holdings

How QYLD and QYLG differ

Overlap by weight

99.8%

Shared holdings make up 99.9% of QYLG and 99.9% of QYLD.

About this figure: QYLD earns income from options, which aren’t counted.

QYLG earns income from options, which aren’t counted.

Level by level

Sector10 Sectors96.8%
Asset classStocks100%
Countryby domicile99.9%
Holdings102 in both99.8%

Sector

Sector weights in QYLD and QYLG, widest gap first
Sector	Gap	QYLD	QYLG
Technology	QYLD +3.2 points	58.1%	54.9%
Communication	QYLG +1.0 points	11.1%	12.1%
Consumer Discretionary	QYLG +0.8 points	11.0%	11.8%
Consumer Staples	QYLG +0.7 points	6.8%	7.5%
Health Care	QYLG +0.4 points	4.8%	5.2%
Industrials	QYLG +0.1 points	5.2%	5.3%
Materials	QYLG +0.1 points	1.1%	1.1%
Energy	Same weight	0.5%	0.5%
Utilities	Same weight	1.2%	1.2%
Financials	Same weight	0.2%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in QYLD and QYLG, widest gap first
Country	Gap	QYLD	QYLG
United States	Same weight	97.3%	97.3%
Canada	QYLD +0.1 points	1.1%	1.0%
Netherlands	Same weight	0.8%	0.8%
Brazil	Same weight	0.4%	0.4%
China	Same weight	0.3%	0.3%
United Kingdom	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

QYLD47.0%
QYLG47.0%

Securities held

QYLD102
QYLG102

Asset class

QYLD: Stocks
QYLG: Stocks

Holdings

Only in QYLD0
In both102
Only in QYLG0

Only in QYLD

0 securities, 0.0% of QYLD by weight

Only in QYLG

0 securities, 0.0% of QYLG by weight

Weight gaps

The 100 widest of 102 Holdings in both funds.

Holding weights in QYLD and QYLG, widest gap first
Holding	Gap	QYLD	QYLG
Asml Holding Nv-Ny Reg ShsASML	QYLD +0.01 points	0.63%	0.62%
Intuit IncINTU	QYLG +0.01 points	0.43%	0.44%
Pdd Holdings IncPDD	QYLG +0.01 points	0.25%	0.26%
Cadence Design Sys IncCDNS	QYLG +0.01 points	0.41%	0.42%
Moderna IncMRNA	QYLG +0.01 points	0.47%	0.48%
Nxp Semiconductors NVNXPI	QYLG +0.01 points	0.29%	0.30%
Applovin Corp-Class AAPP	QYLG +0.01 points	0.55%	0.56%
Vertex Pharmaceuticals IncVRTX	QYLD +0.01 points	0.66%	0.65%
Fastenal CoFAST	QYLG +0.01 points	0.28%	0.29%
Fortinet IncFTNT	Same weight	0.41%	0.41%
Ge Healthcare TechnologyGEHC	QYLD +0.01 points	0.18%	0.17%
Airbnb Inc-Class AABNB	QYLG +0.01 points	0.37%	0.38%
Thomson Reuters CorpTRI	QYLD +0.01 points	0.20%	0.19%
Synopsys IncSNPS	QYLG +0.01 points	0.40%	0.41%
Autodesk IncADSK	QYLD +0.01 points	0.26%	0.25%
Mondelez International Inc-AMDLZ	QYLG +0.01 points	0.39%	0.40%
NVIDIA CorpNVDA	Same weight	7.70%	7.70%
Comcast Corp-Class ACMCSA	QYLG +0.01 points	0.40%	0.41%
Analog Devices IncADI	Same weight	0.83%	0.83%
O'reilly Automotive IncORLY	Same weight	0.34%	0.34%
Csx CorpCSX	QYLG +0.01 points	0.42%	0.43%
Apple IncAAPL	Same weight	8.55%	8.55%
Applied Materials IncAMAT	QYLD +0.01 points	1.25%	1.24%
Strategy Inc- Class AMSTR	Same weight	0.22%	0.22%
Monster Beverage CorpMNST	Same weight	0.42%	0.42%
Old Dominion Freight LineODFL	QYLG +0.01 points	0.16%	0.17%
Microsoft CorpMSFT	QYLD +0.01 points	6.75%	6.74%
Crowdstrike Holdings Inc - ACRWD	Same weight	1.05%	1.05%
Automatic Data ProcessingADP	Same weight	0.57%	0.57%
Other Payable & Receivables	Same weight	<0.01%	<0.01%
American Electric PowerAEP	Same weight	0.32%	0.32%
Lumentum Holdings IncLITE	QYLD +0.01 points	0.23%	0.22%
Adobe IncADBE	Same weight	0.45%	0.45%
Honeywell International IncHON	QYLG +0.01 points	0.32%	0.33%
Datadog Inc - Class ADDOG	Same weight	0.28%	0.28%
Marvell Technology IncMRVL	QYLD +0.01 points	0.59%	0.58%
Ross Stores IncROST	QYLG +0.01 points	0.34%	0.35%
Ferrovial NVFER	Same weight	0.20%	0.20%
Gilead Sciences IncGILD	Same weight	0.98%	0.98%
Amgen IncAMGN	QYLD +0.01 points	1.18%	1.17%
Xcel Energy IncXEL	QYLD +0.01 points	0.24%	0.23%
PayPal Holdings IncPYPL	Same weight	0.24%	0.24%
Advanced Micro DevicesAMD	Same weight	3.46%	3.46%
Doordash Inc - ADASH	Same weight	0.34%	0.34%
Teradyne IncTER	Same weight	0.16%	0.16%
Take-Two Interactive SoftwreTTWO	Same weight	0.19%	0.19%
Astera Labs IncALAB	QYLD +0.01 points	0.16%	0.15%
Amazon.com IncAMZN	Same weight	4.79%	4.79%
Intuitive Surgical IncISRG	Same weight	0.76%	0.76%
Paccar IncPCAR	QYLG +0.01 points	0.25%	0.26%
Keurig Dr Pepper IncKDP	QYLD +0.01 points	0.24%	0.23%
Baker Hughes CoBKR	QYLG +0.01 points	0.22%	0.23%
Western Digital CorpWDC	Same weight	0.45%	0.45%
Linde PLCLIN	Same weight	1.12%	1.12%
Broadcom IncAVGO	Same weight	2.39%	2.39%
Axon Enterprise IncAXON	Same weight	0.12%	0.12%
Constellation EnergyCEG	Same weight	0.42%	0.42%
Paychex IncPAYX	Same weight	0.20%	0.20%
Roper Technologies IncROP	Same weight	0.22%	0.22%
Exelon CorpEXC	Same weight	0.22%	0.22%
Dexcom IncDXCM	Same weight	0.14%	0.14%
Meta Platforms IncMETA	Same weight	3.11%	3.11%
T-Mobile Us IncTMUS	Same weight	0.82%	0.82%
Starbucks CorpSBUX	Same weight	0.57%	0.57%
Walmart IncWMT	QYLD +0.01 points	2.89%	2.88%
Kla CorpKLAC	QYLD +0.01 points	0.86%	0.85%
Alphabet Inc-Cl CGOOG	Same weight	2.69%	2.69%
Rocket Lab CorpRKLB	Same weight	0.15%	0.15%
Arm Holdings Plc-AdrARM	Same weight	0.36%	0.36%
Workday Inc-Class AWDAY	Same weight	0.18%	0.18%
Sandisk CorpSNDK	Same weight	0.58%	0.58%
Costco Wholesale CorpCOST	Same weight	2.21%	2.21%
Monolithic Power Systems IncMPWR	QYLG +0.01 points	0.27%	0.28%
Palo Alto Networks IncPANW	Same weight	1.21%	1.21%
Space Exploration Techn-Cl ASPCX	Same weight	2.72%	2.72%
Coca-Cola Europacific Partners PLCCCEP	Same weight	0.24%	0.24%
Cintas CorpCTAS	Same weight	0.41%	0.41%
Microchip Technology IncMCHP	Same weight	0.15%	0.15%
Nebius Group NVNBIS	Same weight	0.14%	0.14%
Idexx Laboratories IncIDXX	Same weight	0.25%	0.25%
Seagate Technology HoldingsSTX	Same weight	0.49%	0.49%
Regeneron PharmaceuticalsREGN	Same weight	0.43%	0.43%
Shopify Inc - Class ASHOP	Same weight	0.85%	0.85%
Pepsico IncPEP	Same weight	0.91%	0.91%
Tesla IncTSLA	Same weight	3.22%	3.22%
Cisco Systems IncCSCO	Same weight	1.75%	1.75%
Alphabet Inc-Cl AGOOGL	Same weight	2.86%	2.86%
Lam Research CorpLRCX	Same weight	1.19%	1.19%
Intel CorpINTC	Same weight	1.40%	1.40%
Marriott International -Cl AMAR	Same weight	0.51%	0.51%
Texas Instruments IncTXN	Same weight	1.20%	1.20%
Qualcomm IncQCOM	Same weight	0.82%	0.82%
Coreweave Inc-Cl ACRWV	Same weight	0.10%	0.10%
Booking Holdings IncBKNG	Same weight	0.57%	0.57%
Micron Technology IncMU	Same weight	3.68%	3.68%
Copart IncCPRT	Same weight	0.14%	0.14%
Palantir Technologies Inc-APLTR	Same weight	1.74%	1.74%
Honeywell Aerospace IncHONA	Same weight	0.23%	0.23%
Mercadolibre IncMELI	Same weight	0.36%	0.36%
Alnylam Pharmaceuticals IncALNY	Same weight	0.10%	0.10%

All 102 QYLD holdings⁠All 102 QYLG 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.

QYLD vs QYLG Cost

Overpaying QYLD vs QYLG

$4,691

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

QYLD 0.60%
$11,817
QYLG 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

QYLD 0.60%
QYLG 0.35%
Overpaying

Year by year

Year	QYLD	QYLG	Overpaying
10	$1,076	$634	$442
20	$4,116	$2,454	$1,662
30	$11,817	$7,126	$4,691

Expense ratio

0.60%QYLD
0.35%QYLG, cheaper

QYLG0.35%QYLD0.60%

0.00%1.20%

Middle half of Nasdaq-100 Option Income funds
Median 0.71%

QYLG 4th cheapest of 30 funds

QYLD 10th cheapest of 30 funds

QYLD vs QYLG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): QYLD 12.11%; QYLG 17.65%, better
Payout (12M): QYLD $2.14; QYLG $5.02
Last payment: QYLD $0.18; QYLG $0.17
Ex-dividend: QYLD Oct 19, 2026; QYLG Oct 19, 2026
Paid on: QYLD Oct 22, 2026; QYLG Oct 22, 2026
Frequency: QYLD Monthly; QYLG Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

QYLDMonthly · 46 paymentsAll QYLD payments⁠

QYLGMonthly · 47 paymentsAll QYLG payments⁠

QYLD vs QYLG Risk

Fall from peak · 5 years

QYLD
QYLG

Risk facts

VolatilityStd dev, 3 years: QYLD 8.1%, betterQYLG 12.4%
Return per unit of riskSharpe ratio, 3 years: QYLD 1.31, betterQYLG 1.27
Worst fallMax drawdown, 5 years: QYLD −24.6%, betterQYLG −30.0%
Market sensitivityBeta, 5 years: QYLD 0.48QYLG 0.94; Market = 1

QYLD and QYLG in the news

All news⁠

Category Review
The four largest Nasdaq-100 income funds trailed the stocks by 0.9 to 5.8 percentage points
Updated Oct 2, 2026QYLDQYLG
Income Watch
A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%
Sep 20, 2026QYLD

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