N1ES.DE vs. QYLE.DE
N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) and QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) are both Nasdaq-100 funds - N1ES.DE tracks the Nasdaq 100® ESG while QYLE.DE tracks the Cboe Nasdaq-100 BuyWrite. Both are passively managed. Over the past 3 years, N1ES.DE returned 25.46%/yr vs 12.74%/yr for QYLE.DE. A 0.68 correlation means they provide meaningful diversification when combined. N1ES.DE charges 0.25%/yr vs 0.45%/yr for QYLE.DE.
Performance
N1ES.DE vs. QYLE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, N1ES.DE achieves a 21.31% return, which is significantly higher than QYLE.DE's 6.53% return.
N1ES.DE
- 1D
- -0.74%
- 1M
- 8.84%
- YTD
- 21.31%
- 6M
- 19.74%
- 1Y
- 39.34%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.58%
- YTD
- 6.53%
- 6M
- 7.45%
- 1Y
- 16.40%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
N1ES.DE vs. QYLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 8.26% | 33.55% | 51.62% | -10.74% |
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 6.53% | -7.62% | 37.36% | 30.02% | -5.59% |
Correlation
The correlation between N1ES.DE and QYLE.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2022 | 0.68 |
The correlation between N1ES.DE and QYLE.DE has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
N1ES.DE vs. QYLE.DE — Risk / Return Rank
N1ES.DE
QYLE.DE
N1ES.DE vs. QYLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.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.
| N1ES.DE | QYLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.30 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.87 | -0.18 |
| Martin ratioReturn relative to average drawdown | 10.62 | 10.46 | +0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| N1ES.DE | QYLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 1.68 | +0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 1.16 | -0.34 |
Drawdowns
N1ES.DE vs. QYLE.DE - Drawdown Comparison
The maximum N1ES.DE drawdown since its inception was -29.96%, 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 N1ES.DE and QYLE.DE.
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Drawdown Indicators
| N1ES.DE | QYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -24.06% | -5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -4.17% | -6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -26.65% | -24.06% | -2.59% |
Current DrawdownCurrent decline from peak | -0.74% | -5.04% | +4.30% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -5.68% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 1.55% | +2.23% |
Volatility
N1ES.DE vs. QYLE.DE - Volatility Comparison
Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a higher volatility of 4.64% compared to Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) at 2.32%. This indicates that N1ES.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
| N1ES.DE | QYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 2.32% | +2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 6.14% | +5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 9.63% | +6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 13.25% | +7.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 13.25% | +7.48% |
N1ES.DE vs. QYLE.DE - Expense Ratio Comparison
N1ES.DE has a 0.25% expense ratio, which is lower than QYLE.DE's 0.45% expense ratio.
Dividends
N1ES.DE vs. QYLE.DE - Dividend Comparison
N1ES.DE 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 |
|---|---|---|---|---|
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF 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
N1ES.DE and QYLE.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, N1ES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
N1ES.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for QYLE.DE.
N1ES.DE tracks Nasdaq 100® ESG, while QYLE.DE tracks Cboe Nasdaq-100 BuyWrite. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.25% for N1ES.DE and 0.45% for QYLE.DE.
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