QYLD.L vs. QYLU.L
QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) and QYLU.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)) are both Nasdaq-100 funds from Global X tracking the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. Both are passively managed. Over the past 3 years, QYLD.L returned 11.90%/yr vs 11.41%/yr for QYLU.L. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
QYLD.L vs. QYLU.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QYLD.L having a 4.70% return and QYLU.L slightly higher at 4.87%.
QYLD.L
- 1D
- -2.15%
- 1M
- -2.53%
- 6M
- 3.85%
- YTD
- 4.70%
- 1Y
- 16.20%
- 3Y*
- 11.90%
- 5Y*
- —
- 10Y*
- —
QYLU.L
- 1D
- -2.37%
- 1M
- -2.67%
- 6M
- 3.99%
- YTD
- 4.87%
- 1Y
- 16.53%
- 3Y*
- 11.41%
- 5Y*
- —
- 10Y*
- —
QYLD.L vs. QYLU.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% |
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 4.87% | 5.59% | 22.94% | 22.59% | -2.11% |
Correlation
The correlation between QYLD.L and QYLU.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 (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.63 |
The correlation between QYLD.L and QYLU.L has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
QYLD.L vs. QYLU.L — Risk / Return Rank
QYLD.L
QYLU.L
QYLD.L vs. QYLU.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 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.
| QYLD.L | QYLU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.31 | +0.13 |
| Martin ratioReturn relative to average drawdown | 15.06 | 11.23 | +3.84 |
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Drawdowns
QYLD.L vs. QYLU.L - Drawdown Comparison
The maximum QYLD.L drawdown since its inception was -21.59%, which is greater than QYLU.L's maximum drawdown of -19.93%. Use the drawdown chart below to compare losses from any high point for QYLD.L and QYLU.L.
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Drawdown Indicators
| QYLD.L | QYLU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -19.93% | -1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -4.97% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -19.93% | -1.66% |
Current DrawdownCurrent decline from peak | -3.81% | -3.70% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -2.43% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.47% | -0.40% |
Volatility
QYLD.L vs. QYLU.L - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) is 5.08%, while Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) (QYLU.L) has a volatility of 5.42%. This indicates that QYLD.L experiences smaller price fluctuations and is considered to be less risky 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
| QYLD.L | QYLU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.42% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 9.59% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.99% | 13.32% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 15.65% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 15.65% | +0.64% |
QYLD.L vs. QYLU.L - Expense Ratio Comparison
Both QYLD.L and QYLU.L have an expense ratio of 0.45%.
Dividends
QYLD.L vs. QYLU.L - Dividend Comparison
QYLD.L's dividend yield for the trailing twelve months is around 11.85%, while QYLU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 11.85% | 11.41% | 12.28% | 10.88% |
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QYLD.L and QYLU.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 QYLU.L have the same expense ratio: 0.45% per year.
Both ETFs track Cboe Nasdaq-100 BuyWrite v2 UCITS Index.
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