NESG.L vs. QYLD.L

Last updated Jul 18, 2026

NESG.L (Invesco NASDAQ-100 ESG UCITS ETF Acc) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both Nasdaq-100 funds - NESG.L tracks the NASDAQ-100 ESG Index® while QYLD.L tracks the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. Both are passively managed. Over the past 3 years, NESG.L returned 23.66%/yr vs 11.90%/yr for QYLD.L. A 0.62 correlation means they provide meaningful diversification when combined. NESG.L charges 0.25%/yr vs 0.45%/yr for QYLD.L.

Performance

NESG.L vs. QYLD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) and Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NESG.L achieves a 13.50% return, which is significantly higher than QYLD.L's 4.70% return.

NESG.L

• 1D: -2.25%
• 1M: -4.74%
• 6M: 13.00%
• YTD: 13.50%
• 1Y: 25.73%
• 3Y*: 23.66%
• 5Y*: —
• 10Y*: —

QYLD.L

• 1D: -2.15%
• 1M: -2.53%
• 6M: 3.85%
• YTD: 4.70%
• 1Y: 16.20%
• 3Y*: 11.90%
• 5Y*: —
• 10Y*: —

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

NESG.L vs. QYLD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NESG.L Invesco NASDAQ-100 ESG UCITS ETF Acc	13.50%	21.09%	26.52%	56.70%	-5.84%
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)	4.70%	5.36%	24.77%	23.25%	-2.11%

Correlation

The correlation between NESG.L and QYLD.L is 0.74, 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	0.74
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	0.62

The correlation between NESG.L and QYLD.L shifts across timeframes, from 0.59 (3 years) to 0.74 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NESG.L vs. QYLD.L — Risk / Return Rank

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

NESG.L

NESG.L Risk / Return Rank: 52
NESG.L Sharpe Ratio Rank: 53
NESG.L Sortino Ratio Rank: 53
NESG.L Omega Ratio Rank: 50
NESG.L Calmar Ratio Rank: 55
NESG.L Martin Ratio Rank: 53

QYLD.L

QYLD.L Risk / Return Rank: 76
QYLD.L Sharpe Ratio Rank: 66
QYLD.L Sortino Ratio Rank: 66
QYLD.L Omega Ratio Rank: 75
QYLD.L Calmar Ratio Rank: 85
QYLD.L Martin Ratio Rank: 90

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.

NESG.L vs. QYLD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.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.

	NESG.L	QYLD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.61	-0.21
Sortino ratio: Return per unit of downside risk	2.02	2.31	-0.30
Omega ratio: Gain probability vs. loss probability	1.25	1.33	-0.08
Calmar ratio: Return relative to maximum drawdown	2.13	3.44	-1.31
Martin ratio: Return relative to average drawdown	7.01	15.06	-8.05

NESG.L vs. QYLD.L - Sharpe Ratio Comparison

The current NESG.L Sharpe Ratio is 1.40, which is comparable to the QYLD.L Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of NESG.L and QYLD.L, 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

NESG.L vs. QYLD.L - Drawdown Comparison

The maximum NESG.L drawdown since its inception was -34.87%, which is greater than QYLD.L's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for NESG.L and QYLD.L.

Drawdown Indicators

	NESG.L	QYLD.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.87%	-21.59%	-13.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.01%	-4.68%	-7.33%
Max Drawdown (3Y) Largest decline over 3 years	-21.88%	-21.59%	-0.29%
Current Drawdown Current decline from peak	-6.44%	-3.81%	-2.63%
Average Drawdown Average peak-to-trough decline	-9.35%	-2.76%	-6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	1.07%	+2.59%

Volatility

NESG.L vs. QYLD.L - Volatility Comparison

Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) has a higher volatility of 6.93% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) at 5.08%. This indicates that NESG.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.

Volatility by Period

	NESG.L	QYLD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.93%	5.08%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	14.73%	8.46%	+6.27%
Volatility (1Y) Calculated over the trailing 1-year period	18.32%	9.99%	+8.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.72%	16.29%	+5.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.72%	16.29%	+5.43%

NESG.L vs. QYLD.L - Expense Ratio Comparison

NESG.L has a 0.25% expense ratio, which is lower than QYLD.L's 0.45% expense ratio.

Dividends

NESG.L vs. QYLD.L - Dividend Comparison

NESG.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
NESG.L Invesco NASDAQ-100 ESG 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

Can I hold both NESG.L and QYLD.L in my portfolio?

NESG.L and QYLD.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NESG.L or QYLD.L?

On fees, NESG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NESG.L or QYLD.L?

NESG.L is cheaper with a 0.25% expense ratio, compared with 0.45% for QYLD.L.

What is the main difference between NESG.L and QYLD.L?

NESG.L tracks NASDAQ-100 ESG Index®, 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: 0.25% for NESG.L and 0.45% for QYLD.L.