QYLD.L vs. NESP.L

Last updated Jul 18, 2026

QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) and NESP.L (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both Nasdaq-100 funds - QYLD.L tracks the Cboe Nasdaq-100 BuyWrite v2 UCITS Index while NESP.L tracks the Russell 1000 Growth TR USD. Both are passively managed. Over the past 3 years, QYLD.L returned 11.90%/yr vs 24.66%/yr for NESP.L. A 0.60 correlation means they provide meaningful diversification when combined. QYLD.L charges 0.45%/yr vs 0.25%/yr for NESP.L.

Performance

QYLD.L vs. NESP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) and Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QYLD.L is traded in USD, while NESP.L is traded in GBp. To make them comparable, the NESP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QYLD.L achieves a 4.70% return, which is significantly lower than NESP.L's 15.95% return.

QYLD.L

• 1D: -2.15%
• 1M: -2.53%
• 6M: 3.85%
• YTD: 4.70%
• 1Y: 16.20%
• 3Y*: 11.90%
• 5Y*: —
• 10Y*: —

NESP.L

• 1D: 0.00%
• 1M: -1.87%
• 6M: 15.51%
• YTD: 15.95%
• 1Y: 28.51%
• 3Y*: 24.66%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QYLD.L vs. NESP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)	4.70%	5.36%	24.77%	23.25%	-2.11%
NESP.L Invesco Nasdaq-100 ESG UCITS ETF Acc	15.95%	21.29%	26.52%	55.94%	-5.75%

Correlation

The correlation between QYLD.L and NESP.L is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022	0.60

The correlation between QYLD.L and NESP.L shifts across timeframes, from 0.57 (3 years) to 0.72 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

QYLD.L vs. NESP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QYLD.L

QYLD.L Risk / Return Rank: 76
QYLD.L Sharpe Ratio Rank: 66
QYLD.L Sortino Ratio Rank: 66
QYLD.L Omega Ratio Rank: 75
QYLD.L Calmar Ratio Rank: 85
QYLD.L Martin Ratio Rank: 90

NESP.L

NESP.L Risk / Return Rank: 58
NESP.L Sharpe Ratio Rank: 62
NESP.L Sortino Ratio Rank: 59
NESP.L Omega Ratio Rank: 60
NESP.L Calmar Ratio Rank: 60
NESP.L Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QYLD.L vs. NESP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) and Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.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	NESP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.59	+0.02
Sortino ratio: Return per unit of downside risk	2.31	2.24	+0.07
Omega ratio: Gain probability vs. loss probability	1.33	1.28	+0.05
Calmar ratio: Return relative to maximum drawdown	3.44	2.35	+1.09
Martin ratio: Return relative to average drawdown	15.06	7.90	+7.16

QYLD.L vs. NESP.L - Sharpe Ratio Comparison

The current QYLD.L Sharpe Ratio is 1.61, which is comparable to the NESP.L Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of QYLD.L and NESP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QYLD.L vs. NESP.L - Drawdown Comparison

The maximum QYLD.L drawdown since its inception was -21.59%, smaller than the maximum NESP.L drawdown of -49.60%. Use the drawdown chart below to compare losses from any high point for QYLD.L and NESP.L.

Drawdown Indicators

	QYLD.L	NESP.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.59%	-49.60%	+28.01%
Max Drawdown (1Y) Largest decline over 1 year	-4.68%	-12.18%	+7.50%
Max Drawdown (3Y) Largest decline over 3 years	-21.59%	-23.01%	+1.42%
Current Drawdown Current decline from peak	-3.81%	-4.32%	+0.51%
Average Drawdown Average peak-to-trough decline	-2.76%	-18.74%	+15.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	3.62%	-2.55%

Volatility

QYLD.L vs. NESP.L - Volatility Comparison

The current volatility for Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) is 5.08%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) has a volatility of 6.75%. This indicates that QYLD.L experiences smaller price fluctuations and is considered to be less risky than NESP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QYLD.L	NESP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	6.75%	-1.67%
Volatility (6M) Calculated over the trailing 6-month period	8.46%	14.16%	-5.70%
Volatility (1Y) Calculated over the trailing 1-year period	9.99%	18.07%	-8.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.29%	24.76%	-8.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.29%	24.76%	-8.47%

QYLD.L vs. NESP.L - Expense Ratio Comparison

QYLD.L has a 0.45% expense ratio, which is higher than NESP.L's 0.25% expense ratio.

Dividends

QYLD.L vs. NESP.L - Dividend Comparison

QYLD.L's dividend yield for the trailing twelve months is around 11.85%, while NESP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
NESP.L Invesco Nasdaq-100 ESG UCITS ETF Acc	0.00%	0.00%	0.00%	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

Can I hold both QYLD.L and NESP.L in my portfolio?

QYLD.L and NESP.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QYLD.L or NESP.L?

On fees, NESP.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QYLD.L or NESP.L?

NESP.L is cheaper with a 0.25% expense ratio, compared with 0.45% for QYLD.L.

What is the main difference between QYLD.L and NESP.L?

QYLD.L tracks Cboe Nasdaq-100 BuyWrite v2 UCITS Index, while NESP.L tracks Russell 1000 Growth TR USD. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.45% for QYLD.L and 0.25% for NESP.L.