QYLD vs PPA
Comparison between GLOBAL X NASDAQ 100 COVERED CALL ETF (QYLD, ETF) and INVESCO AEROSPACE & DEFENSE ETF (PPA, ETF).
5-Year PerformancePPA has outperformed QYLD, delivering a return of +18.6% compared to +8.4%
QYLD vs PPA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
QYLD
$8.40B
PPA
$8.40B
Expense Ratio
QYLD
0.60%
Winner
PPA
0.58%
Max Drawdown
Winner
QYLD
42.31%
PPA
57.80%
Sharpe Ratio
Winner
QYLD
1.89
PPA
1.18
5Y Beta
Winner
QYLD
0.81
PPA
0.87
P/E Ratio
Winner
QYLD
36.93
PPA
46.49
Forward P/E
Winner
QYLD
24.85
PPA
28.75
PEG Ratio
Winner
QYLD
0.31
PPA
0.81
5Y Dividends CAGR
QYLD
-3.24%
Winner
PPA
-0.76%
5Y EPS CAGR
Winner
QYLD
30.90%
PPA
12.41%
Debt to Equity
Winner
QYLD
35.47%
PPA
131.57%
P/S Ratio
QYLD
6.04
Winner
PPA
3.10
P/B Ratio
QYLD
9.23
Winner
PPA
6.97
QYLD vs PPA - Holdings Comparison
QYLD and PPA have 4 common holdings. Overlap is -3.47%
QYLD's top 25 holdings weight is 76.47%. PPA's top 25 holdings weight is 159.09%.
| Rank | QYLD | PPA |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 9.00% | BOEING CO (BA) - 16.80% |
| #2 | APPLE INC (AAPL) - 7.69% | GE AEROSPACE (GE) - 16.68% |
| #3 | MICRON TECHNOLOGY INC (MU) - 5.50% | RTX CORP (RTX) - 13.68% |
| #4 | MICROSOFT CORP (MSFT) - 5.45% | LOCKHEED MARTIN CORP (LMT) - 12.28% |
| #5 | AMAZON.COM INC (AMZN) - 4.58% | HONEYWELL INTERNATIONAL INC (HON) - 9.34% |
| #6 | ADVANCED MICRO DEVICES INC (AMD) - 3.90% | GENERAL DYNAMICS CORP (GD) - 8.60% |
| #7 | BROADCOM INC (AVGO) - 3.80% | HOWMET AEROSPACE INC (HWM) - 8.36% |
| #8 | TESLA INC (TSLA) - 3.52% | ROCKET LAB CORP (RKLB) - 8.02% |
| #9 | ALPHABET INC CLASS A (GOOGL) - 3.50% | NORTHROP GRUMMAN CORP (NOC) - 8.00% |
| #10 | ALPHABET INC CLASS C (GOOG) - 3.24% | ELBIT SYSTEMS LTD (n/a) - 7.02% |
| #11 | META PLATFORMS INC CLASS A (META) - 2.93% | L3HARRIS TECHNOLOGIES INC (LHX) - 7.02% |
| #12 | WALMART INC (WMT) - 2.54% | PARKER HANNIFIN CORP (PH) - 6.66% |
| #13 | INTEL CORP (INTC) - 2.48% | TRANSDIGM GROUP INC (TDG) - 5.46% |
| #14 | CISCO SYSTEMS INC (CSCO) - 2.32% | AMPHENOL CORP CLASS A (APH) - 4.56% |
| #15 | COSTCO WHOLESALE CORP (COST) - 1.94% | EATON CORP PLC (ETN) - 4.40% |
| #16 | LAM RESEARCH CORP (LRCX) - 1.92% | AXON ENTERPRISE INC (AXON) - 3.96% |
| #17 | APPLIED MATERIALS INC (AMAT) - 1.79% | CURTISS-WRIGHT CORP (CW) - 3.36% |
| #18 | NETFLIX INC (NFLX) - 1.62% | ATI INC (ATI) - 3.02% |
| #19 | n/a (PLTR) - 1.60% | CARPENTER TECHNOLOGY CORP (CRS) - 2.98% |
| #20 | TEXAS INSTRUMENTS INC (TXN) - 1.28% | HEICO CORP (HEI) - 2.94% |
| #21 | KLA CORP (KLAC) - 1.23% | PLANET LABS PBC CLASS A (PL) - 1.32% |
| #22 | QUALCOMM INC (QCOM) - 1.18% | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 1.30% |
| #23 | MARVELL TECHNOLOGY INC (MRVL) - 1.17% | WOODWARD INC (WWD) - 1.18% |
| #24 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.17% | TEXTRON INC (TXT) - 1.13% |
| #25 | PALO ALTO NETWORKS INC (PANW) - 1.12% | BWX TECHNOLOGIES INC (BWXT) - 1.02% |
| Total Holdings | 103 | 60 |
QYLD vs PPA - Historical Returns
Returns include dividend reinvestment.
1M
QYLD
+2.81%
Winner
PPA
+6.82%
3M
Winner
QYLD
+6.26%
PPA
+0.31%
6M
QYLD
+10.15%
Winner
PPA
+13.96%
1Y
QYLD
+23.25%
Winner
PPA
+29.96%
5Y(CAGR)
QYLD
+8.39%
Winner
PPA
+18.63%
10Y(CAGR)
QYLD
+9.85%
Winner
PPA
+17.83%
Max(CAGR)
QYLD
+8.71%
Winner
PPA
+13.76%
QYLD vs PPA - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | QYLD | PPA |
|---|---|---|
| 2026 | +8.31% | +9.13% |
| 2025 | +9.43% | +37.54% |
| 2024 | +20.09% | +26.23% |
| 2023 | +23.14% | +18.39% |
| 2022 | -19.46% | +8.80% |
| 2021 | +10.96% | +10.86% |
| 2020 | +8.17% | -1.43% |
| 2019 | +22.68% | +39.54% |
| 2018 | -3.95% | -7.59% |
| 2017 | +18.73% | +28.95% |
| 2016 | +6.07% | +20.62% |
| 2015 | +8.07% | +4.24% |
| 2014 | +4.66% | +14.18% |
| 2013 | +2.00% | +46.90% |
| 2012 | N/A | +15.91% |
| 2011 | N/A | -2.54% |
| 2010 | N/A | +8.47% |
| 2009 | N/A | +18.19% |
| 2008 | N/A | -36.19% |
| 2007 | N/A | +21.82% |
| 2006 | N/A | +19.17% |
| 2005 | N/A | +3.96% |
QYLD vs PPA Drawdown Comparison
The maximum drawdown for QYLD was -24.74%, occurring on Mar 16, 2020. Recovery took 182 trading sessions.
The maximum drawdown for PPA was -57.37%, occurring on Mar 9, 2009. Recovery took 1365 trading sessions.
The current PPA drawdown is -5.24%.
| Rank | QYLD | PPA |
|---|---|---|
| #1 | -24.74% Feb 19, 2020 - Nov 5, 2020 | -57.37% Oct 9, 2007 - Mar 13, 2013 |
| #2 | -24.61% Dec 8, 2021 - Jan 19, 2024 | -43.91% Feb 12, 2020 - Apr 1, 2021 |
| #3 | -19.06% Feb 20, 2025 - Oct 20, 2025 | -24.74% Oct 3, 2018 - Apr 30, 2019 |
| #4 | -19.00% Oct 3, 2018 - Jul 10, 2019 | -18.38% Mar 25, 2022 - Nov 10, 2022 |
| #5 | -11.25% Dec 29, 2015 - Sep 15, 2016 | -15.24% Feb 24, 2015 - Apr 27, 2016 |
| #6 | -10.99% Jul 20, 2015 - Oct 23, 2015 | -15.24% Nov 11, 2024 - May 2, 2025 |
| #7 | -7.76% Jul 15, 2024 - Aug 15, 2024 | -13.71% Mar 2, 2026 - Mar 30, 2026 |
| #8 | -7.73% Sep 17, 2014 - Jun 3, 2015 | -12.72% Jun 8, 2021 - Feb 28, 2022 |
| #9 | -7.67% Feb 16, 2021 - Jun 25, 2021 | -11.64% Apr 20, 2006 - Oct 13, 2006 |
| #10 | -7.58% Mar 15, 2018 - Jun 1, 2018 | -9.60% Jun 9, 2014 - Oct 31, 2014 |
| #11 | -7.03% Jan 26, 2018 - Feb 15, 2018 | -8.64% Aug 1, 2023 - Nov 14, 2023 |
| #12 | -5.77% Jul 26, 2019 - Oct 15, 2019 | -8.42% Oct 8, 2025 - Dec 22, 2025 |
| #13 | -5.56% Mar 18, 2014 - Jun 26, 2014 | -7.92% Apr 19, 2018 - Jul 31, 2018 |
| #14 | -5.30% Sep 15, 2021 - Oct 26, 2021 | -7.69% Jul 19, 2007 - Sep 18, 2007 |
| #15 | -4.98% Mar 17, 2026 - Apr 9, 2026 | -6.95% Feb 1, 2018 - Feb 26, 2018 |
Correlation
Correlation between QYLD and PPA is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2005 - 2026)
QYLD vs PPA dividend yield comparison.
| Year | QYLD | PPA |
|---|---|---|
| 2026 | 4.86% | 0.03% |
| 2025 | 11.55% | 0.42% |
| 2024 | 12.50% | 0.61% |
| 2023 | 11.78% | 0.67% |
| 2022 | 13.75% | 0.83% |
| 2021 | 12.85% | 0.59% |
| 2020 | 11.16% | 0.88% |
| 2019 | 9.84% | 0.95% |
| 2018 | 12.44% | 0.90% |
| 2017 | 7.69% | 0.67% |
| 2016 | 9.15% | 1.70% |
| 2015 | 9.42% | 1.41% |
| 2014 | 10.74% | 0.62% |
| 2013 | 0.00% | 1.26% |
| 2012 | 0.00% | 2.12% |
| 2011 | 0.00% | 1.09% |
| 2010 | 0.00% | 0.83% |
| 2009 | 0.00% | 1.18% |
| 2008 | 0.00% | 1.03% |
| 2007 | 0.00% | 0.24% |
| 2006 | 0.00% | 0.27% |
| 2005 | 0.00% | 0.14% |
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