NOCT vs QYLD
Innovator Growth-100 Power Buffer ETF - October vs Global X NASDAQ 100 Covered Call ETF
Which is better, NOCT or QYLD?
Each has led over a different period.
QYLD has a lower expense ratio. NOCT led over 5Y and the full window, QYLD over 1Y and 3Y.
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 | NOCT | QYLD |
|---|---|---|
| Expense Ratio | 0.79% | 0.60%Best |
| AUM | $314M | $8.5B |
| Dividend Yield | 0.00% | 11.49% |
| Holdings | 18 | 209 |
| YTD Return | +10.90% | +15.47%Best |
| 1Y Return | +13.40% | +23.04%Best |
| 3Y Return (annualized) | +14.09% | +15.90%Best |
| 5Y Return (annualized) | +10.19%Best | +8.90% |
| Volatility (annualized) | 9.1%Best | 12.2% |
| Max Drawdown | -16.2%Best | -25.5% |
| $10,000 over 5 years | $16,245Best | $15,316 |
| Fund Family | Innovator ETFs Trust | Global X by mirae Asset |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 1, 2019 | Dec 11, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 1, 2019 to Oct 14, 2026 (7 years).
NOCT vs QYLD 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 7 years both funds cover.
NOCT vs QYLD Performance
Innovator Growth-100 Power Buffer ETF - October (NOCT) is an ETF from Innovator ETFs Trust and Global X NASDAQ 100 Covered Call ETF (QYLD) is an ETF from Global X by mirae Asset. Over the past year NOCT returned +13.40% while QYLD returned +23.04%. Year to date, NOCT is up 10.90% versus a gain of 15.47% for QYLD.
Over three years, NOCT compounded at +14.09% per year against +15.90% for QYLD; over five years the annualized figures are +10.19% and +8.90% respectively. Across the full 7-year window we track, NOCT has the edge at +11.05% annualized vs +7.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QYLD has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 9.1% for NOCT. 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 -16.2% for NOCT and -25.5% for QYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NOCT charges 0.79% per year while QYLD charges 0.60%. On a $10,000 position that is $79 vs $60 annually, a gap of $19 per year that compounds over a long holding period. On income, NOCT currently yields 0.00% against 11.49% for QYLD.
You are not choosing between two funds in isolation.
Whichever of NOCT and QYLD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NOCT or QYLD?
NOCT has an expense ratio of 0.79% while QYLD charges 0.60%. QYLD is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, NOCT or QYLD?
Over the past year NOCT returned +13.40% vs +23.04% for QYLD, so QYLD leads on 1-year performance. Over the longest common window we track (7 years), NOCT annualized +11.05% vs +7.48% for QYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NOCT or QYLD?
QYLD has been the more volatile fund at 12.2% annualized versus 9.1% for NOCT. Worst drawdown: NOCT -16.2% vs QYLD -25.5%.
Should I hold both NOCT and QYLD?
NOCT and QYLD have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NOCT or QYLD?
NOCT yields 0.00% while QYLD yields 11.49%, so QYLD currently pays the higher dividend yield.
Is QYLD better than NOCT?
QYLD has a lower expense ratio. NOCT led over 5Y and the full window, QYLD over 1Y and 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.