IWDA.AS vs. QYLE.DE
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) are both exchange-traded funds - IWDA.AS is a Global Equities fund tracking the MSCI World Index, while QYLE.DE is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite. Both are passively managed. Over the past 3 years, IWDA.AS returned 16.75%/yr vs 12.74%/yr for QYLE.DE. A 0.64 correlation means they provide meaningful diversification when combined. IWDA.AS charges 0.20%/yr vs 0.45%/yr for QYLE.DE.
Performance
IWDA.AS vs. QYLE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWDA.AS achieves a 10.11% return, which is significantly higher than QYLE.DE's 6.53% return.
IWDA.AS
- 1D
- 1.59%
- 1M
- 1.50%
- YTD
- 10.11%
- 6M
- 11.35%
- 1Y
- 23.74%
- 3Y*
- 16.75%
- 5Y*
- 12.46%
- 10Y*
- 12.98%
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.06%
- YTD
- 6.53%
- 6M
- 7.92%
- 1Y
- 16.41%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
IWDA.AS vs. QYLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 10.11% | 7.08% | 27.23% | 19.89% | -6.24% |
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 6.53% | -7.62% | 37.36% | 30.02% | -5.65% |
Correlation
The correlation between IWDA.AS and QYLE.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022 | 0.64 |
The correlation between IWDA.AS and QYLE.DE has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
IWDA.AS vs. QYLE.DE — Risk / Return Rank
IWDA.AS
QYLE.DE
IWDA.AS vs. QYLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) 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.
| IWDA.AS | QYLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 3.87 | -0.30 |
| Martin ratioReturn relative to average drawdown | 14.14 | 10.46 | +3.69 |
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Drawdowns
IWDA.AS vs. QYLE.DE - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, which is greater than QYLE.DE's maximum drawdown of -24.06%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and QYLE.DE.
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Drawdown Indicators
| IWDA.AS | QYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -24.06% | -9.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -4.17% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -24.06% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | -5.04% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -5.67% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.55% | +0.09% |
Volatility
IWDA.AS vs. QYLE.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a higher volatility of 3.07% compared to Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) at 2.32%. This indicates that IWDA.AS'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
| IWDA.AS | QYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 2.32% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 6.14% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 9.63% | +1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.12% | 13.25% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 13.25% | +1.75% |
IWDA.AS vs. QYLE.DE - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is lower than QYLE.DE's 0.45% expense ratio.
Dividends
IWDA.AS vs. QYLE.DE - Dividend Comparison
IWDA.AS has not paid dividends to shareholders, while QYLE.DE's dividend yield for the trailing twelve months is around 8.84%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 8.84% | 10.67% | 15.00% | 20.20% |
Frequently Asked Questions
IWDA.AS and QYLE.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.45% for QYLE.DE.
IWDA.AS is categorized as Global Equities, while QYLE.DE is Nasdaq-100. IWDA.AS tracks MSCI World Index, while QYLE.DE tracks Cboe Nasdaq-100 BuyWrite. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for IWDA.AS and 0.45% for QYLE.DE.
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