LYPS.DE vs. QYLD

Last updated Jul 4, 2026

LYPS.DE (Amundi S&P 500 II UCITS ETF EUR Dist) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - LYPS.DE is a S&P 500 fund tracking the S&P 500 Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 10 years, LYPS.DE returned 15.09%/yr vs 9.57%/yr for QYLD. A 0.53 correlation means they provide meaningful diversification when combined. LYPS.DE charges 0.07%/yr vs 0.60%/yr for QYLD.

Performance

LYPS.DE vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi S&P 500 II UCITS ETF EUR Dist (LYPS.DE) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LYPS.DE is traded in EUR, while QYLD is traded in USD. To make them comparable, the QYLD values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, LYPS.DE achieves a 12.33% return, which is significantly higher than QYLD's 11.70% return. Over the past 10 years, LYPS.DE has outperformed QYLD with an annualized return of 15.09%, while QYLD has yielded a comparatively lower 9.57% annualized return.

LYPS.DE

• 1D: 0.24%
• 1M: 0.64%
• 6M: 13.03%
• YTD: 12.33%
• 1Y: 24.23%
• 3Y*: 18.55%
• 5Y*: 13.90%
• 10Y*: 15.09%

QYLD

• 1D: -1.60%
• 1M: 2.23%
• 6M: 11.38%
• YTD: 11.70%
• 1Y: 25.23%
• 3Y*: 11.89%
• 5Y*: 9.07%
• 10Y*: 9.57%

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

LYPS.DE vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LYPS.DE Amundi S&P 500 II UCITS ETF EUR Dist	12.33%	4.88%	32.54%	22.69%	-14.11%	40.91%	7.07%	34.95%	-1.01%	6.96%
QYLD Global X NASDAQ 100 Covered Call ETF	11.70%	-3.68%	27.23%	19.09%	-14.06%	18.67%	-0.24%	25.47%	1.48%	4.19%

Correlation

The correlation between LYPS.DE and QYLD is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013	0.53

The correlation between LYPS.DE and QYLD has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.

Return for Risk

LYPS.DE vs. QYLD — Risk / Return Rank

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

LYPS.DE

LYPS.DE Risk / Return Rank: 78
LYPS.DE Sharpe Ratio Rank: 79
LYPS.DE Sortino Ratio Rank: 77
LYPS.DE Omega Ratio Rank: 78
LYPS.DE Calmar Ratio Rank: 80
LYPS.DE Martin Ratio Rank: 78

QYLD

QYLD Risk / Return Rank: 89
QYLD Sharpe Ratio Rank: 83
QYLD Sortino Ratio Rank: 85
QYLD Omega Ratio Rank: 90
QYLD Calmar Ratio Rank: 90
QYLD Martin Ratio Rank: 95

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.

LYPS.DE vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 II UCITS ETF EUR Dist (LYPS.DE) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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.

	LYPS.DE	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.38	-0.34
Sortino ratio: Return per unit of downside risk	2.80	3.25	-0.44
Omega ratio: Gain probability vs. loss probability	1.38	1.47	-0.09
Calmar ratio: Return relative to maximum drawdown	3.39	5.98	-2.59
Martin ratio: Return relative to average drawdown	11.99	20.16	-8.17

LYPS.DE vs. QYLD - Sharpe Ratio Comparison

The current LYPS.DE Sharpe Ratio is 2.04, which is comparable to the QYLD Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of LYPS.DE and QYLD, 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

LYPS.DE vs. QYLD - Drawdown Comparison

The maximum LYPS.DE drawdown since its inception was -33.80%, which is greater than QYLD's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for LYPS.DE and QYLD.

Drawdown Indicators

	LYPS.DE	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-33.80%	-27.40%	-6.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.12%	-4.35%	-2.77%
Max Drawdown (3Y) Largest decline over 3 years	-23.36%	-23.12%	-0.24%
Max Drawdown (5Y) Largest decline over 5 years	-23.36%	-23.12%	-0.24%
Max Drawdown (10Y) Largest decline over 10 years	-33.80%	-27.40%	-6.40%
Current Drawdown Current decline from peak	-0.66%	-1.96%	+1.30%
Average Drawdown Average peak-to-trough decline	-4.08%	-4.76%	+0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.29%	+0.73%

Volatility

LYPS.DE vs. QYLD - Volatility Comparison

The current volatility for Amundi S&P 500 II UCITS ETF EUR Dist (LYPS.DE) is 3.66%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 5.14%. This indicates that LYPS.DE experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYPS.DE	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	5.14%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	7.95%	8.73%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	11.86%	10.93%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	15.54%	-0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.08%	16.68%	-0.60%

LYPS.DE vs. QYLD - Expense Ratio Comparison

LYPS.DE has a 0.07% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

LYPS.DE vs. QYLD - Dividend Comparison

LYPS.DE's dividend yield for the trailing twelve months is around 0.89%, less than QYLD's 11.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LYPS.DE Amundi S&P 500 II UCITS ETF EUR Dist	0.89%	1.00%	1.21%	1.04%	2.11%	1.09%	1.54%	1.63%	1.93%	1.75%	1.88%	2.02%
QYLD Global X NASDAQ 100 Covered Call ETF	11.59%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%

Frequently Asked Questions

Can I hold both LYPS.DE and QYLD in my portfolio?

LYPS.DE and QYLD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LYPS.DE or QYLD?

On fees, LYPS.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LYPS.DE or QYLD?

LYPS.DE is cheaper with a 0.07% expense ratio, compared with 0.60% for QYLD.

What is the main difference between LYPS.DE and QYLD?

LYPS.DE is categorized as S&P 500, while QYLD is Nasdaq-100. LYPS.DE tracks S&P 500 Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.07% for LYPS.DE and 0.60% for QYLD.