QYLG vs SPY
Global X Nasdaq 100 Covered Call & Growth ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QYLG or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. QYLG led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 46.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QYLG | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $169M | $804.7B |
| Dividend Yield | 17.17% | 0.98% |
| Holdings | 106 | 505 |
| YTD Return | +17.97%Best | +12.89% |
| 1Y Return | +24.06%Best | +17.01% |
| 3Y Return (annualized) | +22.24% | +22.46%Best |
| 5Y Return (annualized) | +11.99% | +13.01%Best |
| Volatility (annualized) | 15.2%Best | 15.3% |
| Max Drawdown | -30.0% | -24.5%Best |
| $10,000 over 5 years | $17,616 | $18,433Best |
| Top 10 Weight | 46.8% | 37.8%Best |
| Fund Family | GLOBALXETFS | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Sep 18, 2020 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Sep 22, 2020 to Sep 24, 2026 (6 years).
QYLG vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6 years both funds cover.
QYLG vs SPY Performance
Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is an ETF from GLOBALXETFS and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year QYLG returned +24.06% while SPY returned +17.01%. Year to date, QYLG is up 17.97% versus a gain of 12.89% for SPY.
Over three years, QYLG compounded at +22.24% per year against +22.46% for SPY; over five years the annualized figures are +11.99% and +13.01% respectively. Across the full 6-year window we track, SPY has the edge at +16.50% annualized vs +14.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 15.2% for QYLG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -30.0% for QYLG and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QYLG charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, QYLG currently yields 17.17% against 0.98% for SPY.
Holdings Overlap
95.3% of QYLG's money is in holdings SPY also owns. 53.9% of SPY's money is in holdings QYLG also owns.
Most of QYLG is already inside SPY. Owning both mostly buys the same companies twice.
87 positions in common, counted across the 102 positions we hold weights for in QYLG and 504 in SPY, against full books of 106 and 505.
What only one of them owns
Our book lists 410 positions for SPY that do not appear in our book for QYLG (45.4% of the fund), and 8 for QYLG that do not appear in SPY (3.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QYLG | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.60% | 8.01% | 0.59% |
| AAPLApple, Inc | 7.49% | 7.26% | 0.23% |
| MSFTMicrosoft Corp | 6.07% | 5.66% | 0.41% |
| AMZNAmazon.Com Inc | 4.50% | 3.79% | 0.71% |
| MUMicron Technology, Inc. | 4.81% | 1.60% | 3.21% |
| GOOGLAlphabet Inc,class A | 3.18% | 2.99% | 0.19% |
| AVGOBroadcom Inc | 2.83% | 2.66% | 0.17% |
| GOOGAlphabet Inc | 2.94% | 2.39% | 0.55% |
| METAMeta Platforms Inc | 2.73% | 1.93% | 0.80% |
| AMDAdvanced Micro Devices Inc | 3.41% | 1.14% | 2.27% |
95.3% of QYLG is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QYLG or SPY?
QYLG has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, QYLG or SPY?
Over the past year QYLG returned +24.06% vs +17.01% for SPY, so QYLG leads on 1-year performance. Over the longest common window we track (6 years), QYLG annualized +14.20% vs +16.50% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QYLG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 15.2% for QYLG. Worst drawdown: QYLG -30.0% vs SPY -24.5%.
Should I hold both QYLG and SPY?
QYLG and SPY have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QYLG and SPY?
95.3% of QYLG's money is in holdings SPY also owns. 53.9% of SPY's is in holdings QYLG also owns. They hold 87 positions in common, counted across the 102 positions we hold weights for in QYLG and 504 in SPY.
Which pays a higher dividend, QYLG or SPY?
QYLG yields 17.17% while SPY yields 0.98%, so QYLG currently pays the higher dividend yield.
Is SPY better than QYLG?
SPY has a lower expense ratio. QYLG led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 46.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.