QYLD vs. IBTU.L
QYLD (Global X NASDAQ 100 Covered Call ETF) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both exchange-traded funds - QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, QYLD returned 8.03%/yr vs 3.38%/yr for IBTU.L. At a 0.00 correlation, their price movements are largely independent. QYLD charges 0.60%/yr vs 0.07%/yr for IBTU.L.
Performance
QYLD vs. IBTU.L - Performance Comparison
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Returns By Period
In the year-to-date period, QYLD achieves a 6.22% return, which is significantly higher than IBTU.L's 1.35% return.
QYLD
- 1D
- -0.78%
- 1M
- -0.55%
- YTD
- 6.22%
- 6M
- 8.09%
- 1Y
- 21.28%
- 3Y*
- 13.13%
- 5Y*
- 8.03%
- 10Y*
- 9.69%
IBTU.L
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 1.35%
- 6M
- 1.76%
- 1Y
- 3.93%
- 3Y*
- 4.69%
- 5Y*
- 3.38%
- 10Y*
- —
QYLD vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 6.22% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 15.20% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 1.35% | 4.33% | 5.31% | 4.92% | 1.05% | 0.10% | 0.88% | 2.02% |
Correlation
The correlation between QYLD and IBTU.L is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.00 |
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Return for Risk
QYLD vs. IBTU.L — Risk / Return Rank
QYLD
IBTU.L
QYLD vs. IBTU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.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.
| QYLD | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -3.77 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 3.47 | -1.94 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 19.33 | -15.03 |
| Martin ratioReturn relative to average drawdown | 24.77 | 83.95 | -59.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QYLD | IBTU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 3.41 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 3.34 | -2.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 2.86 | -2.28 |
Drawdowns
QYLD vs. IBTU.L - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, which is greater than IBTU.L's maximum drawdown of -0.72%. Use the drawdown chart below to compare losses from any high point for QYLD and IBTU.L.
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Drawdown Indicators
| QYLD | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -0.72% | -24.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -0.20% | -4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -0.20% | -18.86% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -0.40% | -24.21% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | — | — |
Current DrawdownCurrent decline from peak | -1.60% | 0.00% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -0.06% | -3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.05% | +0.81% |
Volatility
QYLD vs. IBTU.L - Volatility Comparison
Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 2.96% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 0.35%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than IBTU.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 | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 0.35% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 0.82% | +6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.86% | 1.15% | +7.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.73% | 1.01% | +13.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 0.95% | +14.56% |
QYLD vs. IBTU.L - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is higher than IBTU.L's 0.07% expense ratio.
Dividends
QYLD vs. IBTU.L - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.64%, more than IBTU.L's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.07% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.64% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
Frequently Asked Questions
QYLD and IBTU.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTU.L is cheaper with a 0.07% expense ratio, compared with 0.60% for QYLD.
QYLD is categorized as Nasdaq-100, while IBTU.L is Government Bonds. QYLD tracks CBOE NASDAQ-100 Buy Write V2, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.60% for QYLD and 0.07% for IBTU.L.
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