HNDX.DE vs. QYLE.DE
HNDX.DE (Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc)) and QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) are both Nasdaq-100 funds - HNDX.DE tracks the Nasdaq-100 Index (EUR Hedged) while QYLE.DE tracks the Cboe Nasdaq-100 BuyWrite. Both are passively managed. Over the past 3 years, HNDX.DE returned 22.70%/yr vs 10.93%/yr for QYLE.DE. At a 0.47 correlation, their price movements are largely independent. HNDX.DE charges 0.35%/yr vs 0.45%/yr for QYLE.DE.
Performance
HNDX.DE vs. QYLE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HNDX.DE achieves a 14.79% return, which is significantly higher than QYLE.DE's 10.39% return.
HNDX.DE
- 1D
- 1.36%
- 1M
- -3.09%
- 6M
- 16.12%
- YTD
- 14.79%
- 1Y
- 26.80%
- 3Y*
- 22.70%
- 5Y*
- 12.90%
- 10Y*
- 18.84%
QYLE.DE
- 1D
- 0.00%
- 1M
- 1.83%
- 6M
- 10.67%
- YTD
- 10.39%
- 1Y
- 22.75%
- 3Y*
- 10.93%
- 5Y*
- —
- 10Y*
- —
HNDX.DE vs. QYLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HNDX.DE Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) | 14.79% | 17.83% | 24.11% | 52.12% | -6.43% |
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 10.39% | -6.43% | 30.41% | 19.62% | -8.36% |
Correlation
The correlation between HNDX.DE and QYLE.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.47 |
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Return for Risk
HNDX.DE vs. QYLE.DE — Risk / Return Rank
HNDX.DE
QYLE.DE
HNDX.DE vs. QYLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) (HNDX.DE) and Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE). 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.
| HNDX.DE | QYLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.43 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 5.50 | -3.30 |
| Martin ratioReturn relative to average drawdown | 7.31 | 17.09 | -9.78 |
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Drawdowns
HNDX.DE vs. QYLE.DE - Drawdown Comparison
The maximum HNDX.DE drawdown since its inception was -37.18%, which is greater than QYLE.DE's maximum drawdown of -23.94%. Use the drawdown chart below to compare losses from any high point for HNDX.DE and QYLE.DE.
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Drawdown Indicators
| HNDX.DE | QYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.18% | -23.94% | -13.24% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -4.17% | -7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -21.95% | -23.94% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -37.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.18% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -1.24% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -5.56% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 1.34% | +2.31% |
Volatility
HNDX.DE vs. QYLE.DE - Volatility Comparison
Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) (HNDX.DE) has a higher volatility of 8.86% compared to Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) at 3.66%. This indicates that HNDX.DE's price experiences larger fluctuations and is considered to be riskier than QYLE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNDX.DE | QYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.86% | 3.66% | +5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 6.81% | +8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 9.73% | +9.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 13.13% | +8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 13.13% | +7.08% |
HNDX.DE vs. QYLE.DE - Expense Ratio Comparison
HNDX.DE has a 0.35% expense ratio, which is lower than QYLE.DE's 0.45% expense ratio.
Dividends
HNDX.DE vs. QYLE.DE - Dividend Comparison
HNDX.DE has not paid dividends to shareholders, while QYLE.DE's dividend yield for the trailing twelve months is around 10.22%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HNDX.DE Amundi Nasdaq-100 Swap UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 10.22% | 11.95% | 10.44% | 11.90% |
Frequently Asked Questions
HNDX.DE and QYLE.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HNDX.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HNDX.DE is cheaper with a 0.35% expense ratio, compared with 0.45% for QYLE.DE.
HNDX.DE tracks Nasdaq-100 Index (EUR Hedged), while QYLE.DE tracks Cboe Nasdaq-100 BuyWrite. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.35% for HNDX.DE and 0.45% for QYLE.DE.
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