QYLD.L vs. FLXK.L
QYLD.L (Global X NASDAQ 100 Covered Call UCITS ETF) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - QYLD.L tracks the Global X NASDAQ 100 Covered Call UCITS ETF while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 3 years, QYLD.L returned 12.76%/yr vs 39.45%/yr for FLXK.L. At a 0.45 correlation, their price movements are largely independent.
Performance
QYLD.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, QYLD.L achieves a 7.25% return, which is significantly lower than FLXK.L's 75.46% return.
QYLD.L
- 1D
- -0.53%
- 1M
- -0.10%
- 6M
- 6.26%
- YTD
- 7.25%
- 1Y
- 19.10%
- 3Y*
- 12.76%
- 5Y*
- —
- 10Y*
- —
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
QYLD.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QYLD.L Global X NASDAQ 100 Covered Call UCITS ETF | 7.25% | 5.36% | 24.77% | 23.25% | -2.11% |
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | 1.99% |
Correlation
The correlation between QYLD.L and FLXK.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.45 |
The correlation between QYLD.L and FLXK.L has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.
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Return for Risk
QYLD.L vs. FLXK.L — Risk / Return Rank
QYLD.L
FLXK.L
QYLD.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call UCITS ETF (QYLD.L) and Franklin FTSE Korea UCITS ETF (FLXK.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.
| QYLD.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.47 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 5.86 | -1.82 |
| Martin ratioReturn relative to average drawdown | 18.18 | 18.40 | -0.22 |
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Drawdowns
QYLD.L vs. FLXK.L - Drawdown Comparison
The maximum QYLD.L drawdown since its inception was -21.59%, smaller than the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for QYLD.L and FLXK.L.
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Drawdown Indicators
| QYLD.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -49.43% | +27.84% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -24.10% | +19.42% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -28.54% | +6.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.00% | — |
Current DrawdownCurrent decline from peak | -1.47% | -24.10% | +22.63% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -20.23% | +17.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 7.70% | -6.66% |
Volatility
QYLD.L vs. FLXK.L - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call UCITS ETF (QYLD.L) is 4.59%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that QYLD.L experiences smaller price fluctuations and is considered to be less risky than FLXK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLD.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 19.75% | -15.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 41.53% | -33.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 45.08% | -35.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 29.63% | -13.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 29.61% | -13.36% |
Dividends
QYLD.L vs. FLXK.L - Dividend Comparison
QYLD.L's dividend yield for the trailing twelve months is around 11.57%, while FLXK.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FLXK.L Franklin FTSE Korea UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD.L Global X NASDAQ 100 Covered Call UCITS ETF | 11.57% | 11.41% | 12.28% | 10.88% |
Frequently Asked Questions
QYLD.L and FLXK.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QYLD.L tracks Global X NASDAQ 100 Covered Call UCITS ETF, while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: Global X and Franklin.
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