EQSG.L vs. QYLD.L
EQSG.L (Invesco Nasdaq-100 Swap UCITS ETF Acc) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both Nasdaq-100 funds - EQSG.L tracks the Russell 1000 Growth TR USD while QYLD.L tracks the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. Both are passively managed. Over the past 3 years, EQSG.L returned 21.70%/yr vs 10.74%/yr for QYLD.L. A 0.60 correlation means they provide meaningful diversification when combined. EQSG.L charges 0.20%/yr vs 0.45%/yr for QYLD.L.
Performance
EQSG.L vs. QYLD.L - Performance Comparison
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Different Trading Currencies
EQSG.L is traded in GBp, while QYLD.L is traded in USD. To make them comparable, the QYLD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EQSG.L achieves a 12.67% return, which is significantly higher than QYLD.L's 4.85% return.
EQSG.L
- 1D
- -1.97%
- 1M
- -5.43%
- 6M
- 11.48%
- YTD
- 12.67%
- 1Y
- 24.02%
- 3Y*
- 21.70%
- 5Y*
- 15.40%
- 10Y*
- —
QYLD.L
- 1D
- -1.99%
- 1M
- -3.73%
- 6M
- 3.25%
- YTD
- 4.85%
- 1Y
- 15.88%
- 3Y*
- 10.74%
- 5Y*
- —
- 10Y*
- —
EQSG.L vs. QYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EQSG.L Invesco Nasdaq-100 Swap UCITS ETF Acc | 12.67% | 11.73% | 28.75% | 48.14% | -8.04% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 4.85% | -2.14% | 26.95% | 17.09% | -3.80% |
Correlation
The correlation between EQSG.L and QYLD.L is 0.67, 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 | 0.67 |
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 | 0.60 |
The correlation between EQSG.L and QYLD.L has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
EQSG.L vs. QYLD.L — Risk / Return Rank
EQSG.L
QYLD.L
EQSG.L vs. QYLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 Swap UCITS ETF Acc (EQSG.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.
| EQSG.L | QYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.39 | -1.22 |
| Martin ratioReturn relative to average drawdown | 6.04 | 11.47 | -5.44 |
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Drawdowns
EQSG.L vs. QYLD.L - Drawdown Comparison
The maximum EQSG.L drawdown since its inception was -27.49%, which is greater than QYLD.L's maximum drawdown of -24.76%. Use the drawdown chart below to compare losses from any high point for EQSG.L and QYLD.L.
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Drawdown Indicators
| EQSG.L | QYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -24.76% | -2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -4.66% | -6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -24.35% | -24.76% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -27.49% | — | — |
Current DrawdownCurrent decline from peak | -7.49% | -4.66% | -2.83% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -5.50% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 1.37% | +2.60% |
Volatility
EQSG.L vs. QYLD.L - Volatility Comparison
Invesco Nasdaq-100 Swap UCITS ETF Acc (EQSG.L) has a higher volatility of 6.26% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) at 5.02%. This indicates that EQSG.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
| EQSG.L | QYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 5.02% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 8.81% | +3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 10.67% | +5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.78% | 16.77% | +7.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,108.40% | 16.77% | +3,091.63% |
EQSG.L vs. QYLD.L - Expense Ratio Comparison
EQSG.L has a 0.20% expense ratio, which is lower than QYLD.L's 0.45% expense ratio.
Dividends
EQSG.L vs. QYLD.L - Dividend Comparison
EQSG.L has not paid dividends to shareholders, while QYLD.L's dividend yield for the trailing twelve months is around 11.85%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EQSG.L Invesco Nasdaq-100 Swap UCITS ETF Acc | 0.00% | 0.00% | 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
EQSG.L and QYLD.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQSG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQSG.L is cheaper with a 0.20% expense ratio, compared with 0.45% for QYLD.L.
EQSG.L tracks Russell 1000 Growth TR USD, 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: 0.20% for EQSG.L and 0.45% for QYLD.L.
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