QYLD.L vs. HKOD.L
QYLD.L (Global X NASDAQ 100 Covered Call UCITS ETF) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - QYLD.L tracks the Global X NASDAQ 100 Covered Call UCITS ETF while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 3 years, QYLD.L returned 12.76%/yr vs 37.85%/yr for HKOD.L. At a 0.45 correlation, their price movements are largely independent.
Performance
QYLD.L vs. HKOD.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 HKOD.L's 70.37% return.
QYLD.L
- 1D
- -0.53%
- 1M
- -0.10%
- 6M
- 6.26%
- YTD
- 7.25%
- 1Y
- 19.10%
- 3Y*
- 12.76%
- 5Y*
- —
- 10Y*
- —
HKOD.L
- 1D
- -1.67%
- 1M
- -20.60%
- 6M
- 52.67%
- YTD
- 70.37%
- 1Y
- 138.83%
- 3Y*
- 37.85%
- 5Y*
- 14.71%
- 10Y*
- 14.34%
QYLD.L vs. HKOD.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% |
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 70.37% | 99.54% | -22.90% | 19.95% | 1.57% |
Correlation
The correlation between QYLD.L and HKOD.L is 0.51, 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 | 0.51 |
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 HKOD.L has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
QYLD.L vs. HKOD.L — Risk / Return Rank
QYLD.L
HKOD.L
QYLD.L vs. HKOD.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 HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.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 | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 5.77 | -1.73 |
| Martin ratioReturn relative to average drawdown | 18.18 | 17.93 | +0.26 |
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Drawdowns
QYLD.L vs. HKOD.L - Drawdown Comparison
The maximum QYLD.L drawdown since its inception was -21.59%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for QYLD.L and HKOD.L.
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Drawdown Indicators
| QYLD.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -50.54% | +28.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -24.00% | +19.32% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -29.48% | +7.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.54% | — |
Current DrawdownCurrent decline from peak | -1.47% | -24.00% | +22.53% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -18.79% | +16.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 7.75% | -6.71% |
Volatility
QYLD.L vs. HKOD.L - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call UCITS ETF (QYLD.L) is 4.59%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that QYLD.L experiences smaller price fluctuations and is considered to be less risky than HKOD.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 | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 20.20% | -15.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 41.23% | -33.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 45.10% | -35.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 29.74% | -13.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 26.96% | -10.71% |
Dividends
QYLD.L vs. HKOD.L - Dividend Comparison
QYLD.L's dividend yield for the trailing twelve months is around 11.57%, more than HKOD.L's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 0.43% | 0.68% | 1.54% | 1.08% | 0.72% | 0.61% | 0.02% | 0.29% | 0.56% | 0.10% |
QYLD.L Global X NASDAQ 100 Covered Call UCITS ETF | 11.57% | 11.41% | 12.28% | 10.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QYLD.L and HKOD.L have a correlation of 0.51, 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 HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: Global X and HSBC.
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