AIQG.L vs. QYLP.L

Last updated Jun 5, 2026

AIQG.L (Global X Artificial Intelligence UCITS ETF USD Accumulating) and QYLP.L (Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP) are both exchange-traded funds - AIQG.L is a Technology Equities fund tracking the Indxx Artificial Intelligence Index, while QYLP.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite Index. Both are passively managed. Over the past year, AIQG.L returned 67.13% vs 17.92% for QYLP.L. A 0.56 correlation means they provide meaningful diversification when combined. AIQG.L charges 0.40%/yr vs 0.45%/yr for QYLP.L.

Performance

AIQG.L vs. QYLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X Artificial Intelligence UCITS ETF USD Accumulating (AIQG.L) and Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIQG.L achieves a 33.58% return, which is significantly higher than QYLP.L's 4.67% return.

AIQG.L

• 1D: -1.68%
• 1M: 18.05%
• YTD: 33.58%
• 6M: 33.50%
• 1Y: 67.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QYLP.L

• 1D: -0.91%
• 1M: 2.04%
• YTD: 4.67%
• 6M: 5.64%
• 1Y: 17.92%
• 3Y*: 6.77%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIQG.L vs. QYLP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIQG.L Global X Artificial Intelligence UCITS ETF USD Accumulating	33.58%	21.73%	17.14%
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP	4.67%	-4.48%	14.36%

Correlation

The correlation between AIQG.L and QYLP.L is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (All Time) Calculated using the full available price history since Sep 16, 2024	0.56

The correlation between AIQG.L and QYLP.L has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.

AIQG.L vs. QYLP.L - Sectors Allocation Comparison

Sectors	AIQG.L	QYLP.L
Technology	75.7%	24.2%
Communication Services	9.6%	10.0%
Consumer Cyclical	8.5%	17.6%
Industrials	5.5%	8.3%
Financial Services	0.4%	15.8%
Healthcare	0.4%	7.6%
Basic Materials	-	4.7%
Consumer Defensive	-	6.0%
Energy	-	0.2%
Real Estate	-	2.3%
Utilities	-	3.2%

Return for Risk

AIQG.L vs. QYLP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIQG.L

AIQG.L Risk / Return Rank: 85
AIQG.L Sharpe Ratio Rank: 92
AIQG.L Sortino Ratio Rank: 90
AIQG.L Omega Ratio Rank: 87
AIQG.L Calmar Ratio Rank: 84
AIQG.L Martin Ratio Rank: 70

QYLP.L

QYLP.L Risk / Return Rank: 71
QYLP.L Sharpe Ratio Rank: 63
QYLP.L Sortino Ratio Rank: 67
QYLP.L Omega Ratio Rank: 65
QYLP.L Calmar Ratio Rank: 86
QYLP.L Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIQG.L vs. QYLP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence UCITS ETF USD Accumulating (AIQG.L) and Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIQG.L	QYLP.L	Difference
Sharpe ratio: Return per unit of total volatility	3.22	2.09	+1.14
Sortino ratio: Return per unit of downside risk	4.10	3.03	+1.07
Omega ratio: Gain probability vs. loss probability	1.53	1.38	+0.14
Calmar ratio: Return relative to maximum drawdown	4.47	4.76	-0.29
Martin ratio: Return relative to average drawdown	12.81	14.09	-1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIQG.L vs. QYLP.L - Sharpe Ratio Comparison

The current AIQG.L Sharpe Ratio is 3.22, which is higher than the QYLP.L Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of AIQG.L and QYLP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIQG.L	QYLP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.22	2.09	+1.14
Sharpe Ratio (All Time) Calculated using the full available price history	1.95	0.24	+1.71

Drawdowns

AIQG.L vs. QYLP.L - Drawdown Comparison

The maximum AIQG.L drawdown since its inception was -29.14%, which is greater than QYLP.L's maximum drawdown of -22.40%. Use the drawdown chart below to compare losses from any high point for AIQG.L and QYLP.L.

Drawdown Indicators

	AIQG.L	QYLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.14%	-22.40%	-6.74%
Max Drawdown (1Y) Largest decline over 1 year	-14.94%	-3.75%	-11.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.40%	—
Current Drawdown Current decline from peak	-2.24%	-4.65%	+2.41%
Average Drawdown Average peak-to-trough decline	-5.18%	-8.64%	+3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	1.27%	+3.96%

Volatility

AIQG.L vs. QYLP.L - Volatility Comparison

Global X Artificial Intelligence UCITS ETF USD Accumulating (AIQG.L) has a higher volatility of 7.62% compared to Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) at 2.76%. This indicates that AIQG.L's price experiences larger fluctuations and is considered to be riskier than QYLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIQG.L	QYLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.62%	2.76%	+4.86%
Volatility (6M) Calculated over the trailing 6-month period	15.63%	6.58%	+9.05%
Volatility (1Y) Calculated over the trailing 1-year period	20.73%	8.55%	+12.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.34%	15.11%	+8.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.34%	15.11%	+8.23%

AIQG.L vs. QYLP.L - Expense Ratio Comparison

AIQG.L has a 0.40% expense ratio, which is lower than QYLP.L's 0.45% expense ratio.

Dividends

AIQG.L vs. QYLP.L - Dividend Comparison

AIQG.L has not paid dividends to shareholders, while QYLP.L's dividend yield for the trailing twelve months is around 7.74%.

Position	TTM	2025	2024	2023
AIQG.L Global X Artificial Intelligence UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP	7.74%	8.93%	8.31%	9.56%

Frequently Asked Questions

Can I hold both AIQG.L and QYLP.L in my portfolio?

AIQG.L and QYLP.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIQG.L or QYLP.L?

On fees, AIQG.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIQG.L or QYLP.L?

AIQG.L is cheaper with a 0.40% expense ratio, compared with 0.45% for QYLP.L.

What is the main difference between AIQG.L and QYLP.L?

AIQG.L is categorized as Technology Equities, while QYLP.L is Nasdaq-100. AIQG.L tracks Indxx Artificial Intelligence Index, while QYLP.L tracks Cboe Nasdaq-100 BuyWrite Index. Their fees differ too: 0.40% for AIQG.L and 0.45% for QYLP.L.