QYLD.L vs. QQQY.L
QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) and QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) are both Nasdaq-100 funds. QYLD.L is passively managed, while QQQY.L is actively managed. Over the past year, QYLD.L returned 16.20% vs 16.79% for QQQY.L. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.
Performance
QYLD.L vs. QQQY.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QYLD.L achieves a 4.70% return, which is significantly lower than QQQY.L's 7.53% return.
QYLD.L
- 1D
- -2.15%
- 1M
- -2.53%
- 6M
- 3.85%
- YTD
- 4.70%
- 1Y
- 16.20%
- 3Y*
- 11.90%
- 5Y*
- —
- 10Y*
- —
QQQY.L
- 1D
- -2.14%
- 1M
- -4.17%
- 6M
- 6.40%
- YTD
- 7.53%
- 1Y
- 16.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLD.L vs. QQQY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 4.70% | 5.36% | 11.63% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 7.53% | 14.17% | -2.12% |
Correlation
The correlation between QYLD.L and QQQY.L is 0.61, 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 | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024 | 0.46 |
The correlation between QYLD.L and QQQY.L shifts across timeframes, from 0.46 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QYLD.L vs. QQQY.L — Risk / Return Rank
QYLD.L
QQQY.L
QYLD.L vs. QQQY.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 IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.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 | QQQY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.20 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 2.21 | +1.24 |
| Martin ratioReturn relative to average drawdown | 15.06 | 6.60 | +8.46 |
Loading charts...
Drawdowns
QYLD.L vs. QQQY.L - Drawdown Comparison
The maximum QYLD.L drawdown since its inception was -21.59%, which is greater than QQQY.L's maximum drawdown of -19.38%. Use the drawdown chart below to compare losses from any high point for QYLD.L and QQQY.L.
Loading charts...
Drawdown Indicators
| QYLD.L | QQQY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -19.38% | -2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -7.57% | +2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | — | — |
Current DrawdownCurrent decline from peak | -3.81% | -7.57% | +3.76% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -3.87% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.54% | -1.47% |
Volatility
QYLD.L vs. QQQY.L - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) is 5.08%, while IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) has a volatility of 7.03%. This indicates that QYLD.L experiences smaller price fluctuations and is considered to be less risky than QQQY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QYLD.L | QQQY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 7.03% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 12.93% | -4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.99% | 15.26% | -5.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 21.99% | -5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 21.99% | -5.70% |
QYLD.L vs. QQQY.L - Expense Ratio Comparison
Both QYLD.L and QQQY.L have an expense ratio of 0.45%.
Dividends
QYLD.L vs. QQQY.L - Dividend Comparison
QYLD.L's dividend yield for the trailing twelve months is around 11.85%, less than QQQY.L's 74.00% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 74.00% | 120.63% | 8.51% | 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
QYLD.L and QQQY.L have a correlation of 0.61, 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.
QYLD.L and QQQY.L have the same expense ratio: 0.45% per year.
They also come from different issuers: Global X and Leverage Shares.
Find the right allocation for QYLD.L and QQQY.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer