NESG.L vs. QYLP.L

Last updated Jun 5, 2026

NESG.L (Invesco NASDAQ-100 ESG UCITS ETF Acc) and QYLP.L (Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP) are both Nasdaq-100 funds - NESG.L tracks the NASDAQ-100 ESG Index® while QYLP.L tracks the Cboe Nasdaq-100 BuyWrite Index. Both are passively managed. Over the past 3 years, NESG.L returned 28.99%/yr vs 9.52%/yr for QYLP.L. A 0.60 correlation means they provide meaningful diversification when combined. NESG.L charges 0.25%/yr vs 0.45%/yr for QYLP.L.

Performance

NESG.L vs. QYLP.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 Dis GBP (QYLP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NESG.L is traded in USD, while QYLP.L is traded in GBP. To make them comparable, the QYLP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NESG.L achieves a 20.35% return, which is significantly higher than QYLP.L's 4.41% return.

NESG.L

• 1D: -0.58%
• 1M: 9.66%
• YTD: 20.35%
• 6M: 20.11%
• 1Y: 42.69%
• 3Y*: 28.99%
• 5Y*: —
• 10Y*: —

QYLP.L

• 1D: -0.86%
• 1M: 1.17%
• YTD: 4.41%
• 6M: 6.42%
• 1Y: 16.79%
• 3Y*: 9.52%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
NESG.L Invesco NASDAQ-100 ESG UCITS ETF Acc	20.35%	21.09%	26.52%	56.71%	-6.15%
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP	4.41%	2.73%	19.38%	20.99%	-17.36%

Correlation

The correlation between NESG.L and QYLP.L is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022	0.60

The correlation between NESG.L and QYLP.L has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.

NESG.L vs. QYLP.L - Sectors Allocation Comparison

Sectors	NESG.L	QYLP.L
Technology	58.4%	24.2%
Communication Services	14.7%	10.0%
Consumer Cyclical	12.4%	17.6%
Consumer Defensive	6.7%	6.0%
Healthcare	3.9%	7.6%
Industrials	1.8%	8.3%
Basic Materials	1.5%	4.7%
Utilities	0.2%	3.2%
Financial Services	0.2%	15.8%
Real Estate	0.1%	2.3%
Energy	-	0.2%

Return for Risk

NESG.L vs. QYLP.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: 75
NESG.L Sharpe Ratio Rank: 81
NESG.L Sortino Ratio Rank: 80
NESG.L Omega Ratio Rank: 75
NESG.L Calmar Ratio Rank: 72
NESG.L Martin Ratio Rank: 68

QYLP.L

QYLP.L Risk / Return Rank: 71
QYLP.L Sharpe Ratio Rank: 63
QYLP.L Sortino Ratio Rank: 67
QYLP.L Omega Ratio Rank: 65
QYLP.L Calmar Ratio Rank: 86
QYLP.L Martin Ratio Rank: 75

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. QYLP.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 Dis GBP (QYLP.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.

	NESG.L	QYLP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.58	1.88	+0.70
Sortino ratio: Return per unit of downside risk	3.53	2.84	+0.68
Omega ratio: Gain probability vs. loss probability	1.44	1.36	+0.08
Calmar ratio: Return relative to maximum drawdown	3.54	3.27	+0.27
Martin ratio: Return relative to average drawdown	12.44	13.83	-1.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current NESG.L Sharpe Ratio is 2.58, which is higher than the QYLP.L Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of NESG.L and QYLP.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.

Sharpe Ratios by Period

	NESG.L	QYLP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	1.88	+0.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.49	+0.29

Drawdowns

NESG.L vs. QYLP.L - Drawdown Comparison

The maximum NESG.L drawdown since its inception was -34.69%, which is greater than QYLP.L's maximum drawdown of -20.02%. Use the drawdown chart below to compare losses from any high point for NESG.L and QYLP.L.

Drawdown Indicators

	NESG.L	QYLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.69%	-20.02%	-14.67%
Max Drawdown (1Y) Largest decline over 1 year	-12.01%	-5.12%	-6.89%
Max Drawdown (3Y) Largest decline over 3 years	-21.88%	-20.02%	-1.86%
Current Drawdown Current decline from peak	-0.79%	-1.32%	+0.53%
Average Drawdown Average peak-to-trough decline	-9.09%	-4.51%	-4.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	1.21%	+2.21%

Volatility

NESG.L vs. QYLP.L - Volatility Comparison

Invesco NASDAQ-100 ESG UCITS ETF Acc (NESG.L) has a higher volatility of 5.30% compared to Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) at 2.59%. This indicates that NESG.L's price experiences larger fluctuations and is considered to be riskier than QYLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NESG.L	QYLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	2.59%	+2.71%
Volatility (6M) Calculated over the trailing 6-month period	12.40%	7.18%	+5.22%
Volatility (1Y) Calculated over the trailing 1-year period	16.47%	8.90%	+7.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.54%	14.78%	+7.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	14.78%	+7.76%

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

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

Dividends

NESG.L vs. QYLP.L - Dividend Comparison

NESG.L has not paid dividends to shareholders, while QYLP.L's dividend yield for the trailing twelve months is around 7.74%.

Position	TTM	2025	2024	2023
NESG.L Invesco NASDAQ-100 ESG UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP	7.74%	8.93%	8.31%	9.56%

Frequently Asked Questions

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

NESG.L and QYLP.L have a correlation of 0.55, 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 QYLP.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 QYLP.L?

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

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

NESG.L tracks NASDAQ-100 ESG Index®, while QYLP.L tracks Cboe Nasdaq-100 BuyWrite Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.25% for NESG.L and 0.45% for QYLP.L.