QQQY.L vs. QYLU.L
QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) and QYLU.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)) are both Nasdaq-100 funds. QQQY.L is actively managed, while QYLU.L is passively managed. Over the past year, QQQY.L returned 16.79% vs 16.53% for QYLU.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.
Performance
QQQY.L vs. QYLU.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 QYLU.L's 4.87% return.
QQQY.L
- 1D
- -2.14%
- 1M
- -4.17%
- 6M
- 6.40%
- YTD
- 7.53%
- 1Y
- 16.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLU.L
- 1D
- -2.37%
- 1M
- -2.67%
- 6M
- 3.99%
- YTD
- 4.87%
- 1Y
- 16.53%
- 3Y*
- 11.41%
- 5Y*
- —
- 10Y*
- —
QQQY.L vs. QYLU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 7.53% | 14.17% | -2.12% |
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 4.87% | 5.59% | 10.53% |
Correlation
The correlation between QQQY.L and QYLU.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024 | 0.49 |
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Return for Risk
QQQY.L vs. QYLU.L — Risk / Return Rank
QQQY.L
QYLU.L
QQQY.L vs. QYLU.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 (Acc) (QYLU.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 | QYLU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 3.31 | -1.11 |
| Martin ratioReturn relative to average drawdown | 6.60 | 11.23 | -4.63 |
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Drawdowns
QQQY.L vs. QYLU.L - Drawdown Comparison
The maximum QQQY.L drawdown since its inception was -19.38%, roughly equal to the maximum QYLU.L drawdown of -19.93%. Use the drawdown chart below to compare losses from any high point for QQQY.L and QYLU.L.
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Drawdown Indicators
| QQQY.L | QYLU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.38% | -19.93% | +0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.57% | -4.97% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.93% | — |
Current DrawdownCurrent decline from peak | -7.57% | -3.70% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -2.43% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 1.47% | +1.07% |
Volatility
QQQY.L vs. QYLU.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 (Acc) (QYLU.L) at 5.42%. This indicates that QQQY.L's price experiences larger fluctuations and is considered to be riskier than QYLU.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 | QYLU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 5.42% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 9.59% | +3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 13.32% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.99% | 15.65% | +6.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 15.65% | +6.34% |
QQQY.L vs. QYLU.L - Expense Ratio Comparison
Both QQQY.L and QYLU.L have an expense ratio of 0.45%.
Dividends
QQQY.L vs. QYLU.L - Dividend Comparison
QQQY.L's dividend yield for the trailing twelve months is around 74.00%, while QYLU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 74.00% | 120.63% | 8.51% |
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQY.L and QYLU.L have a correlation of 0.46, 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 QYLU.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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