AMZI.L vs. QYLD.L
AMZI.L (IncomeShares Amazon (AMZN) Options ETP) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both exchange-traded funds - AMZI.L is a Derivative Income fund actively managed by Leverage Shares, while QYLD.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. AMZI.L is actively managed, while QYLD.L is passively managed. Over the past year, AMZI.L returned -3.93% vs 16.20% for QYLD.L. At a 0.40 correlation, their price movements are largely independent. AMZI.L charges 0.55%/yr vs 0.45%/yr for QYLD.L.
Performance
AMZI.L vs. QYLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, AMZI.L achieves a -4.39% return, which is significantly lower than QYLD.L's 4.70% return.
AMZI.L
- 1D
- 0.00%
- 1M
- 5.84%
- 6M
- -5.60%
- YTD
- -4.39%
- 1Y
- -3.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLD.L
- 1D
- -2.15%
- 1M
- -2.53%
- 6M
- 3.85%
- YTD
- 4.70%
- 1Y
- 16.20%
- 3Y*
- 11.90%
- 5Y*
- —
- 10Y*
- —
AMZI.L vs. QYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMZI.L IncomeShares Amazon (AMZN) Options ETP | -4.39% | 4.42% | 15.15% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 4.70% | 5.36% | 8.45% |
Correlation
The correlation between AMZI.L and QYLD.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024 | 0.40 |
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Return for Risk
AMZI.L vs. QYLD.L — Risk / Return Rank
AMZI.L
QYLD.L
AMZI.L vs. QYLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Amazon (AMZN) Options ETP (AMZI.L) and Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMZI.L | QYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.33 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 3.44 | -3.59 |
| Martin ratioReturn relative to average drawdown | -0.30 | 15.06 | -15.36 |
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Drawdowns
AMZI.L vs. QYLD.L - Drawdown Comparison
The maximum AMZI.L drawdown since its inception was -27.38%, which is greater than QYLD.L's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for AMZI.L and QYLD.L.
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Drawdown Indicators
| AMZI.L | QYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.38% | -21.59% | -5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -27.38% | -4.68% | -22.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.59% | — |
Current DrawdownCurrent decline from peak | -10.96% | -3.81% | -7.15% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -2.76% | -6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.99% | 1.07% | +11.92% |
Volatility
AMZI.L vs. QYLD.L - Volatility Comparison
IncomeShares Amazon (AMZN) Options ETP (AMZI.L) has a higher volatility of 9.16% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) at 5.08%. This indicates that AMZI.L's price experiences larger fluctuations and is considered to be riskier than QYLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZI.L | QYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 5.08% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 24.26% | 8.46% | +15.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.63% | 9.99% | +19.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.35% | 16.29% | +13.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.35% | 16.29% | +13.06% |
AMZI.L vs. QYLD.L - Expense Ratio Comparison
AMZI.L has a 0.55% expense ratio, which is higher than QYLD.L's 0.45% expense ratio.
Dividends
AMZI.L vs. QYLD.L - Dividend Comparison
AMZI.L's dividend yield for the trailing twelve months is around 17.77%, more than QYLD.L's 11.85% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AMZI.L IncomeShares Amazon (AMZN) Options ETP | 17.77% | 13.65% | 2.45% | 0.00% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 11.85% | 11.41% | 12.28% | 10.88% |
Frequently Asked Questions
AMZI.L and QYLD.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QYLD.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QYLD.L is cheaper with a 0.45% expense ratio, compared with 0.55% for AMZI.L.
AMZI.L is categorized as Derivative Income, while QYLD.L is Nasdaq-100. They also come from different issuers: Leverage Shares and Global X. Their fees differ too: 0.55% for AMZI.L and 0.45% for QYLD.L.
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