QYLD’s worst drop since 2013 was 25%
Global X Nasdaq 100 Covered Call ETF (QYLD) fell 25% from Feb 2020 to Mar 2020. It took 0.7 years from that peak to close at a new high, in Nov 2020. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 168th of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2013 to now
How QYLD held up in each crash
| Crash | Years | QYLD | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −24.7% | −33.7% |
| 2022 rate shock | 2022 | −24.4% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was QYLD’s maximum drawdown?
QYLD’s deepest fall since 2013 was 24.7%, from its high on February 19, 2020 to its low on March 16, 2020. The figure uses daily prices with dividends reinvested.
How long did QYLD take to recover?
0.7 years. QYLD first closed above its Feb 2020 high again on November 5, 2020.
Was QYLD riskier than the S&P 500?
Over the same years, QYLD’s worst drop was 24.7% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −22.3% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, December 13, 2013 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.