QYLD vs. SPYW.DE
QYLD (Global X NASDAQ 100 Covered Call ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, QYLD returned 9.69%/yr vs 7.41%/yr for SPYW.DE. At a 0.32 correlation, their price movements are largely independent. QYLD charges 0.60%/yr vs 0.30%/yr for SPYW.DE.
Performance
QYLD vs. SPYW.DE - Performance Comparison
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Different Trading Currencies
QYLD is traded in USD, while SPYW.DE is traded in EUR. To make them comparable, the SPYW.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QYLD achieves a 6.22% return, which is significantly higher than SPYW.DE's 4.41% return. Over the past 10 years, QYLD has outperformed SPYW.DE with an annualized return of 9.69%, while SPYW.DE has yielded a comparatively lower 7.41% annualized 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%
SPYW.DE
- 1D
- 0.60%
- 1M
- -1.15%
- YTD
- 4.41%
- 6M
- 7.74%
- 1Y
- 9.66%
- 3Y*
- 16.52%
- 5Y*
- 7.03%
- 10Y*
- 7.41%
QYLD vs. SPYW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 6.22% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 4.41% | 35.71% | 2.12% | 21.64% | -16.11% | 5.36% | -3.27% | 20.73% | -12.86% | 26.96% |
Correlation
The correlation between QYLD and SPYW.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.32 |
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Return for Risk
QYLD vs. SPYW.DE — Risk / Return Rank
QYLD
SPYW.DE
QYLD vs. SPYW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) and SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE). 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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.14 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 0.97 | +3.33 |
| Martin ratioReturn relative to average drawdown | 24.77 | 2.97 | +21.80 |
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 | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 0.75 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.41 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.42 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.41 | +0.17 |
Drawdowns
QYLD vs. SPYW.DE - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum SPYW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for QYLD and SPYW.DE.
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Drawdown Indicators
| QYLD | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -38.79% | +14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -9.91% | +4.94% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -13.94% | -5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -37.73% | +13.12% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | -38.79% | +14.04% |
Current DrawdownCurrent decline from peak | -1.60% | -4.00% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -8.74% | +4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 3.25% | -2.39% |
Volatility
QYLD vs. SPYW.DE - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call ETF (QYLD) is 2.96%, while SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a volatility of 3.28%. This indicates that QYLD experiences smaller price fluctuations and is considered to be less risky than SPYW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLD | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 3.28% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 10.36% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.86% | 12.92% | -4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.73% | 17.04% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 17.40% | -1.89% |
QYLD vs. SPYW.DE - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is higher than SPYW.DE's 0.30% expense ratio.
Dividends
QYLD vs. SPYW.DE - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.64%, more than SPYW.DE's 3.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.57% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
Frequently Asked Questions
QYLD and SPYW.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYW.DE is cheaper with a 0.30% expense ratio, compared with 0.60% for QYLD.
QYLD is categorized as Nasdaq-100, while SPYW.DE is Europe Equities. QYLD tracks CBOE NASDAQ-100 Buy Write V2, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. They also come from different issuers: Global X and State Street. Their fees differ too: 0.60% for QYLD and 0.30% for SPYW.DE.
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