EQQU.L vs. QYLD.L
EQQU.L (Invesco EQQQ NASDAQ-100 UCITS ETF) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both Nasdaq-100 funds - EQQU.L tracks the NASDAQ-100 Index while QYLD.L tracks the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. Both are passively managed. Over the past 3 years, EQQU.L returned 22.63%/yr vs 11.90%/yr for QYLD.L. A 0.63 correlation means they provide meaningful diversification when combined. EQQU.L charges 0.30%/yr vs 0.45%/yr for QYLD.L.
Performance
EQQU.L vs. QYLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, EQQU.L achieves a 12.47% return, which is significantly higher than QYLD.L's 4.70% return.
EQQU.L
- 1D
- -2.31%
- 1M
- -5.11%
- 6M
- 11.89%
- YTD
- 12.47%
- 1Y
- 24.19%
- 3Y*
- 22.63%
- 5Y*
- 14.59%
- 10Y*
- 20.59%
QYLD.L
- 1D
- -2.15%
- 1M
- -2.53%
- 6M
- 3.85%
- YTD
- 4.70%
- 1Y
- 16.20%
- 3Y*
- 11.90%
- 5Y*
- —
- 10Y*
- —
EQQU.L vs. QYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EQQU.L Invesco EQQQ NASDAQ-100 UCITS ETF | 12.47% | 19.75% | 26.54% | 56.26% | -6.10% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 4.70% | 5.36% | 24.77% | 23.25% | -2.11% |
Correlation
The correlation between EQQU.L and QYLD.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.63 |
The correlation between EQQU.L and QYLD.L shifts across timeframes, from 0.59 (3 years) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EQQU.L vs. QYLD.L — Risk / Return Rank
EQQU.L
QYLD.L
EQQU.L vs. QYLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.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.
| EQQU.L | QYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 3.44 | -1.25 |
| Martin ratioReturn relative to average drawdown | 7.23 | 15.06 | -7.83 |
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Drawdowns
EQQU.L vs. QYLD.L - Drawdown Comparison
The maximum EQQU.L drawdown since its inception was -35.17%, 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 EQQU.L and QYLD.L.
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Drawdown Indicators
| EQQU.L | QYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.17% | -21.59% | -13.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -4.68% | -6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -22.30% | -21.59% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.17% | — | — |
Current DrawdownCurrent decline from peak | -6.64% | -3.81% | -2.83% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -2.76% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 1.07% | +2.27% |
Volatility
EQQU.L vs. QYLD.L - Volatility Comparison
Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) has a higher volatility of 6.22% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) at 5.08%. This indicates that EQQU.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
| EQQU.L | QYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 5.08% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.96% | 8.46% | +5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 9.99% | +7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.03% | 16.29% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.02% | 16.29% | +3.73% |
EQQU.L vs. QYLD.L - Expense Ratio Comparison
EQQU.L has a 0.30% expense ratio, which is lower than QYLD.L's 0.45% expense ratio.
Dividends
EQQU.L vs. QYLD.L - Dividend Comparison
EQQU.L's dividend yield for the trailing twelve months is around 0.24%, less than QYLD.L's 11.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQQU.L Invesco EQQQ NASDAQ-100 UCITS ETF | 0.24% | 0.29% | 0.38% | 0.39% | 0.56% | 0.26% | 0.39% | 0.55% | 0.65% | 0.64% | 0.82% | 0.74% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 11.85% | 11.41% | 12.28% | 10.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EQQU.L and QYLD.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQQU.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQU.L is cheaper with a 0.30% expense ratio, compared with 0.45% for QYLD.L.
EQQU.L tracks NASDAQ-100 Index, while QYLD.L tracks Cboe Nasdaq-100 BuyWrite v2 UCITS Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.30% for EQQU.L and 0.45% for QYLD.L.
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