Performance data is updated to 31 May 2026.
Global X Nasdaq 100 Covered Call ETF (QYLD) — Review & Analysis
QYLD is Global X's covered-call Nasdaq 100 product, applying the same general structure as QMAX — own the Nasdaq, sell calls, distribute the premium as enhanced income. AUM is $24.31 million as at May 2026 with a 0.60% p.a. management fee — 8bp cheaper than QMAX (0.68%). Compare QYLD across the tech cohort on our tech ETF page or use the Compare ETFs tool to put QYLD vs QMAX side-by-side.
The QYLD vs QMAX decision comes down primarily to fee and the specific covered-call methodology. Both funds target similar outcomes — enhanced income from the Nasdaq 100 in exchange for capped upside. The methodology details (which strikes, what tenor, full vs partial coverage) affect short-term performance variability between them, but the core trade-off is the same.
QYLD's 0.60% fee is more competitive than QMAX, though both sit above plain Nasdaq trackers like NDQ (0.48%) or U100 (0.18%). The fee premium of the covered-call wrapper reflects the active options management overlay, which neither passive Nasdaq fund provides.
QYLD is unhedged. The covered-call structure systematically underperforms plain Nasdaq trackers during strong bull markets and outperforms (or cushions losses) during sideways or down markets — fundamentally a different return shape than buy-and-hold tech. Our hold vs trade ETFs guide covers covered-call structures across the ASX.
Performance (% return)
Investment Focus
Themes
Exposure Regions
Portfolio Breakdown
| Company Name | % assets |
|---|---|
| NVIDIA CORP | 8.44% |
| APPLE INC | 7.65% |
| MICROSOFT CORP | 5.24% |
| MICRON TECH | 4.55% |
| AMAZON.COM INC | 4.48% |
| ALPHABET INC-A | 3.64% |
| ADV MICRO DEVICE | 3.56% |
| ALPHABET INC-C | 3.37% |
| TESLA INC | 3.31% |
| BROADCOM INC | 3.10% |
| Sector | % assets |
|---|---|
| Information Technology | 53.63% |
| Communication Services | 15.87% |
| Consumer Discretionary | 13.46% |
| Health Care | 5.35% |
| Consumer Staples | 4.88% |
| Industrials | 4.45% |
| Utilities | 1.38% |
| Materials | 1.13% |
| Energy | 0.52% |
| Financials | 0.29% |
| Real Estate | 0.15% |
Similar ETFs
| Stock | Name | 1 Year % |
|---|---|---|
| BEST | ETFS US Quality ETF | +15.75% |
Disclaimer
The information provided on ReviewETF.com.au is intended for general information and comparison purposes only. It is compiled and presented on a best-endeavours basis from publicly available sources, but we do not guarantee its accuracy, completeness, timeliness, or suitability for any particular purpose.
No content on this website constitutes financial advice, investment recommendation, solicitation, or an offer to buy or sell any securities. Past performance is not indicative of future results, and all investments carry risk, including the potential loss of capital.
The point of truth for any ETF is always the official product disclosure statement (PDS), website, and announcements from the ETF issuer/provider (e.g., Vanguard, BetaShares, iShares, VanEck, etc.). We link directly to these primary sources on each individual ETF page wherever possible—please verify all details there before making any decisions.
ReviewETF.com.au, its owner (Joshua), and any associated entities disclaim all liability for any loss or damage arising from the use of, or reliance on, information contained on this site. Users should seek independent professional financial advice tailored to their personal circumstances.
This website may contain links to third-party sites; we are not responsible for their content or privacy practices.
Last updated: January 2026
