NQSE.DE vs. QYLE.DE
NQSE.DE (iShares NASDAQ 100 UCITS ETF) and QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) are both Nasdaq-100 funds - NQSE.DE tracks the NASDAQ-100 Index while QYLE.DE tracks the Cboe Nasdaq-100 BuyWrite. Both are passively managed. Over the past 3 years, NQSE.DE returned 25.27%/yr vs 12.74%/yr for QYLE.DE. At a 0.50 correlation, their price movements are largely independent. NQSE.DE charges 0.33%/yr vs 0.45%/yr for QYLE.DE.
Performance
NQSE.DE vs. QYLE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NQSE.DE achieves a 17.82% return, which is significantly higher than QYLE.DE's 6.53% return.
NQSE.DE
- 1D
- -0.77%
- 1M
- 6.66%
- YTD
- 17.82%
- 6M
- 17.09%
- 1Y
- 35.67%
- 3Y*
- 25.27%
- 5Y*
- 14.91%
- 10Y*
- —
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.58%
- YTD
- 6.53%
- 6M
- 7.45%
- 1Y
- 16.40%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
NQSE.DE vs. QYLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NQSE.DE iShares NASDAQ 100 UCITS ETF | 17.82% | 18.16% | 24.07% | 52.10% | -8.45% |
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 NQSE.DE and QYLE.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2022 | 0.50 |
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Return for Risk
NQSE.DE vs. QYLE.DE — Risk / Return Rank
NQSE.DE
QYLE.DE
NQSE.DE vs. QYLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF (NQSE.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.
| NQSE.DE | QYLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.87 | -0.79 |
| Martin ratioReturn relative to average drawdown | 10.77 | 10.46 | +0.31 |
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
| NQSE.DE | QYLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 1.68 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.16 | -0.34 |
Drawdowns
NQSE.DE vs. QYLE.DE - Drawdown Comparison
The maximum NQSE.DE drawdown since its inception was -37.67%, 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 NQSE.DE and QYLE.DE.
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Drawdown Indicators
| NQSE.DE | QYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -24.06% | -13.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -4.17% | -7.70% |
Max Drawdown (3Y)Largest decline over 3 years | -22.40% | -24.06% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -37.67% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -5.04% | +4.20% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -5.68% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 1.55% | +1.85% |
Volatility
NQSE.DE vs. QYLE.DE - Volatility Comparison
iShares NASDAQ 100 UCITS ETF (NQSE.DE) has a higher volatility of 4.75% compared to Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) at 2.32%. This indicates that NQSE.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
| NQSE.DE | QYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 2.32% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 6.14% | +5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 9.63% | +6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 13.25% | +7.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 13.25% | +8.29% |
NQSE.DE vs. QYLE.DE - Expense Ratio Comparison
NQSE.DE has a 0.33% expense ratio, which is lower than QYLE.DE's 0.45% expense ratio.
Dividends
NQSE.DE vs. QYLE.DE - Dividend Comparison
NQSE.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 |
|---|---|---|---|---|
NQSE.DE iShares NASDAQ 100 UCITS ETF | 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
NQSE.DE and QYLE.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NQSE.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NQSE.DE is cheaper with a 0.33% expense ratio, compared with 0.45% for QYLE.DE.
NQSE.DE tracks NASDAQ-100 Index, while QYLE.DE tracks Cboe Nasdaq-100 BuyWrite. They also come from different issuers: iShares and Global X. Their fees differ too: 0.33% for NQSE.DE and 0.45% for QYLE.DE.
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