CEGI.L vs. QYLD.L

Last updated Jul 18, 2026

CEGI.L (REX Crypto Equity Income & Growth UCITS ETF Distributing) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both exchange-traded funds - CEGI.L is a Derivative Income fund actively managed by REX, while QYLD.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. CEGI.L is actively managed, while QYLD.L is passively managed. Over the past year, CEGI.L returned 29.52% vs 16.20% for QYLD.L. A 0.53 correlation means they provide meaningful diversification when combined. CEGI.L charges 0.65%/yr vs 0.45%/yr for QYLD.L.

Performance

CEGI.L vs. QYLD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX Crypto Equity Income & Growth UCITS ETF Distributing (CEGI.L) and Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEGI.L achieves a 18.73% return, which is significantly higher than QYLD.L's 4.70% return.

CEGI.L

• 1D: 0.00%
• 1M: -9.89%
• 6M: 7.39%
• YTD: 18.73%
• 1Y: 29.52%
• 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*: —

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

CEGI.L vs. QYLD.L - Yearly Performance Comparison

	2026 (YTD)	2025
CEGI.L REX Crypto Equity Income & Growth UCITS ETF Distributing	18.73%	15.60%
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)	4.70%	10.98%

Correlation

The correlation between CEGI.L and QYLD.L is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025	0.53

The correlation between CEGI.L and QYLD.L has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.

Return for Risk

CEGI.L vs. QYLD.L — Risk / Return Rank

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

CEGI.L

CEGI.L Risk / Return Rank: 28
CEGI.L Sharpe Ratio Rank: 29
CEGI.L Sortino Ratio Rank: 30
CEGI.L Omega Ratio Rank: 28
CEGI.L Calmar Ratio Rank: 27
CEGI.L Martin Ratio Rank: 24

QYLD.L

QYLD.L Risk / Return Rank: 76
QYLD.L Sharpe Ratio Rank: 66
QYLD.L Sortino Ratio Rank: 66
QYLD.L Omega Ratio Rank: 75
QYLD.L Calmar Ratio Rank: 85
QYLD.L Martin Ratio Rank: 90

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.

CEGI.L vs. QYLD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX Crypto Equity Income & Growth UCITS ETF Distributing (CEGI.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.

	CEGI.L	QYLD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.84	1.61	-0.78
Sortino ratio: Return per unit of downside risk	1.35	2.31	-0.96
Omega ratio: Gain probability vs. loss probability	1.16	1.33	-0.17
Calmar ratio: Return relative to maximum drawdown	1.05	3.44	-2.39
Martin ratio: Return relative to average drawdown	2.32	15.06	-12.75

CEGI.L vs. QYLD.L - Sharpe Ratio Comparison

The current CEGI.L Sharpe Ratio is 0.84, which is lower than the QYLD.L Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of CEGI.L and QYLD.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.

Drawdowns

CEGI.L vs. QYLD.L - Drawdown Comparison

The maximum CEGI.L drawdown since its inception was -27.98%, 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 CEGI.L and QYLD.L.

Drawdown Indicators

	CEGI.L	QYLD.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.98%	-21.59%	-6.39%
Max Drawdown (1Y) Largest decline over 1 year	-27.98%	-4.68%	-23.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.59%	—
Current Drawdown Current decline from peak	-11.25%	-3.81%	-7.44%
Average Drawdown Average peak-to-trough decline	-9.53%	-2.76%	-6.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.74%	1.07%	+11.67%

Volatility

CEGI.L vs. QYLD.L - Volatility Comparison

REX Crypto Equity Income & Growth UCITS ETF Distributing (CEGI.L) has a higher volatility of 9.95% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) at 5.08%. This indicates that CEGI.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.

Volatility by Period

	CEGI.L	QYLD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.95%	5.08%	+4.87%
Volatility (6M) Calculated over the trailing 6-month period	25.66%	8.46%	+17.20%
Volatility (1Y) Calculated over the trailing 1-year period	35.23%	9.99%	+25.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.73%	16.29%	+18.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.73%	16.29%	+18.44%

CEGI.L vs. QYLD.L - Expense Ratio Comparison

CEGI.L has a 0.65% expense ratio, which is higher than QYLD.L's 0.45% expense ratio.

Dividends

CEGI.L vs. QYLD.L - Dividend Comparison

CEGI.L's dividend yield for the trailing twelve months is around 19.32%, more than QYLD.L's 11.85% yield.

Position	TTM	2025	2024	2023
CEGI.L REX Crypto Equity Income & Growth UCITS ETF Distributing	19.32%	9.50%	0.00%	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

Can I hold both CEGI.L and QYLD.L in my portfolio?

CEGI.L and QYLD.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CEGI.L or QYLD.L?

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.

Which ETF is cheaper, CEGI.L or QYLD.L?

QYLD.L is cheaper with a 0.45% expense ratio, compared with 0.65% for CEGI.L.

What is the main difference between CEGI.L and QYLD.L?

CEGI.L is categorized as Derivative Income, while QYLD.L is Nasdaq-100. They also come from different issuers: REX and Global X. Their fees differ too: 0.65% for CEGI.L and 0.45% for QYLD.L.