QQQY.L vs. QYLD.L
QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both Nasdaq-100 funds. QQQY.L is actively managed, while QYLD.L is passively managed. Over the past year, QQQY.L returned 16.79% vs 16.20% for QYLD.L. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.
Performance
QQQY.L vs. QYLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, QQQY.L achieves a 7.53% return, which is significantly higher than QYLD.L's 4.70% return.
QQQY.L
- 1D
- -2.14%
- 1M
- -4.17%
- 6M
- 6.40%
- YTD
- 7.53%
- 1Y
- 16.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLD.L
- 1D
- -2.15%
- 1M
- -2.53%
- 6M
- 3.85%
- YTD
- 4.70%
- 1Y
- 16.20%
- 3Y*
- 11.90%
- 5Y*
- —
- 10Y*
- —
QQQY.L vs. QYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 7.53% | 14.17% | -2.12% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 4.70% | 5.36% | 11.63% |
Correlation
The correlation between QQQY.L and QYLD.L is 0.61, 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 | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024 | 0.46 |
The correlation between QQQY.L and QYLD.L shifts across timeframes, from 0.46 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QQQY.L vs. QYLD.L — Risk / Return Rank
QQQY.L
QYLD.L
QQQY.L vs. QYLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.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.
| QQQY.L | QYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.33 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 3.44 | -1.24 |
| Martin ratioReturn relative to average drawdown | 6.60 | 15.06 | -8.46 |
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Drawdowns
QQQY.L vs. QYLD.L - Drawdown Comparison
The maximum QQQY.L drawdown since its inception was -19.38%, smaller than the maximum QYLD.L drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for QQQY.L and QYLD.L.
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Drawdown Indicators
| QQQY.L | QYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.38% | -21.59% | +2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.57% | -4.68% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.59% | — |
Current DrawdownCurrent decline from peak | -7.57% | -3.81% | -3.76% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -2.76% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 1.07% | +1.47% |
Volatility
QQQY.L vs. QYLD.L - Volatility Comparison
IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) has a higher volatility of 7.03% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) at 5.08%. This indicates that QQQY.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.
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Volatility by Period
| QQQY.L | QYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 5.08% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 8.46% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 9.99% | +5.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.99% | 16.29% | +5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 16.29% | +5.70% |
QQQY.L vs. QYLD.L - Expense Ratio Comparison
Both QQQY.L and QYLD.L have an expense ratio of 0.45%.
Dividends
QQQY.L vs. QYLD.L - Dividend Comparison
QQQY.L's dividend yield for the trailing twelve months is around 74.00%, more than QYLD.L's 11.85% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 74.00% | 120.63% | 8.51% | 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
QQQY.L and QYLD.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QQQY.L and QYLD.L have the same expense ratio: 0.45% per year.
They also come from different issuers: Leverage Shares and Global X.
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