QQQY.L vs. QYLP.L
QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) and QYLP.L (Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP) are both Nasdaq-100 funds. QQQY.L is actively managed, while QYLP.L is passively managed. Over the past year, QQQY.L returned 31.81% vs 16.79% for QYLP.L. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.
Performance
QQQY.L vs. QYLP.L - Performance Comparison
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Different Trading Currencies
QQQY.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, QQQY.L achieves a 15.10% return, which is significantly higher than QYLP.L's 4.41% return.
QQQY.L
- 1D
- -0.82%
- 1M
- 7.64%
- YTD
- 15.10%
- 6M
- 14.75%
- 1Y
- 31.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLP.L
- 1D
- -0.86%
- 1M
- 1.17%
- YTD
- 4.41%
- 6M
- 6.42%
- 1Y
- 16.79%
- 3Y*
- 9.52%
- 5Y*
- —
- 10Y*
- —
QQQY.L vs. QYLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 15.10% | 14.25% | 7.28% |
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 4.41% | 2.73% | 10.40% |
Correlation
The correlation between QQQY.L and QYLP.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.44 |
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Return for Risk
QQQY.L vs. QYLP.L — Risk / Return Rank
QQQY.L
QYLP.L
QQQY.L vs. QYLP.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 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.
| QQQY.L | QYLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 3.27 | +1.05 |
| Martin ratioReturn relative to average drawdown | 13.40 | 13.83 | -0.43 |
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
| QQQY.L | QYLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 1.88 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.49 | +0.53 |
Drawdowns
QQQY.L vs. QYLP.L - Drawdown Comparison
The maximum QQQY.L drawdown since its inception was -19.23%, roughly equal to the maximum QYLP.L drawdown of -20.02%. Use the drawdown chart below to compare losses from any high point for QQQY.L and QYLP.L.
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Drawdown Indicators
| QQQY.L | QYLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -20.02% | +0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -5.12% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.02% | — |
Current DrawdownCurrent decline from peak | -0.93% | -1.32% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -4.51% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.21% | +1.16% |
Volatility
QQQY.L vs. QYLP.L - Volatility Comparison
IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) has a higher volatility of 4.78% compared to Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) at 2.59%. This indicates that QQQY.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.
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Volatility by Period
| QQQY.L | QYLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 2.59% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.22% | 7.18% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 8.90% | +5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 14.78% | +6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 14.78% | +6.20% |
QQQY.L vs. QYLP.L - Expense Ratio Comparison
Both QQQY.L and QYLP.L have an expense ratio of 0.45%.
Dividends
QQQY.L vs. QYLP.L - Dividend Comparison
QQQY.L's dividend yield for the trailing twelve months is around 67.73%, more than QYLP.L's 7.74% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 67.73% | 120.60% | 18.65% | 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
QQQY.L and QYLP.L have a correlation of 0.49, 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 QYLP.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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