QYLD.L vs. TLTI.L
QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) and TLTI.L (IncomeShares 20+ Year Treasury (TLT) Options ETP) are both exchange-traded funds - QYLD.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite v2 UCITS Index, while TLTI.L is a Derivative Income fund actively managed by Leverage Shares. QYLD.L is passively managed, while TLTI.L is actively managed. Over the past year, QYLD.L returned 16.20% vs 1.07% for TLTI.L. At a 0.05 correlation, their price movements are largely independent. QYLD.L charges 0.45%/yr vs 0.55%/yr for TLTI.L.
Performance
QYLD.L vs. TLTI.L - Performance Comparison
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Returns By Period
In the year-to-date period, QYLD.L achieves a 4.70% return, which is significantly higher than TLTI.L's -1.11% return.
QYLD.L
- 1D
- -2.15%
- 1M
- -2.53%
- 6M
- 3.85%
- YTD
- 4.70%
- 1Y
- 16.20%
- 3Y*
- 11.90%
- 5Y*
- —
- 10Y*
- —
TLTI.L
- 1D
- -0.46%
- 1M
- -2.42%
- 6M
- -2.18%
- YTD
- -1.11%
- 1Y
- 1.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLD.L vs. TLTI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 4.70% | 10.98% |
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP | -1.11% | 9,999.74% |
Correlation
The correlation between QYLD.L and TLTI.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.05 |
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Return for Risk
QYLD.L vs. TLTI.L — Risk / Return Rank
QYLD.L
TLTI.L
QYLD.L vs. TLTI.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 20+ Year Treasury (TLT) Options ETP (TLTI.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 | TLTI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.13 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 0.08 | +3.36 |
| Martin ratioReturn relative to average drawdown | 15.06 | 0.11 | +14.96 |
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Drawdowns
QYLD.L vs. TLTI.L - Drawdown Comparison
The maximum QYLD.L drawdown since its inception was -21.59%, smaller than the maximum TLTI.L drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for QYLD.L and TLTI.L.
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Drawdown Indicators
| QYLD.L | TLTI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -30.03% | +8.44% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -30.03% | +25.35% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | — | — |
Current DrawdownCurrent decline from peak | -3.81% | -28.96% | +25.15% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -19.51% | +16.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 23.24% | -22.17% |
Volatility
QYLD.L vs. TLTI.L - Volatility Comparison
Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) has a higher volatility of 5.08% compared to IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) at 3.39%. This indicates that QYLD.L's price experiences larger fluctuations and is considered to be riskier than TLTI.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 | TLTI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 3.39% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 7.01% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.99% | 42.10% | -32.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 9,800.84% | -9,784.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 9,800.84% | -9,784.55% |
QYLD.L vs. TLTI.L - Expense Ratio Comparison
QYLD.L has a 0.45% expense ratio, which is lower than TLTI.L's 0.55% expense ratio.
Dividends
QYLD.L vs. TLTI.L - Dividend Comparison
QYLD.L's dividend yield for the trailing twelve months is around 11.85%, more than TLTI.L's 10.39% yield.
| 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% |
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP | 10.39% | 2.73% | 0.00% | 0.00% |
Frequently Asked Questions
QYLD.L and TLTI.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QYLD.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QYLD.L is cheaper with a 0.45% expense ratio, compared with 0.55% for TLTI.L.
QYLD.L is categorized as Nasdaq-100, while TLTI.L is Derivative Income. They also come from different issuers: Global X and Leverage Shares. Their fees differ too: 0.45% for QYLD.L and 0.55% for TLTI.L.
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