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QYLD vs. UDVD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QYLD vs. UDVD.L

Last updated Jun 10, 2026

QYLD (Global X NASDAQ 100 Covered Call ETF) and UDVD.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while UDVD.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, QYLD returned 9.69%/yr vs 8.80%/yr for UDVD.L. At a 0.28 correlation, their price movements are largely independent. QYLD charges 0.60%/yr vs 0.35%/yr for UDVD.L.

Performance

QYLD vs. UDVD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Covered Call ETF (QYLD) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QYLD achieves a 6.22% return, which is significantly lower than UDVD.L's 7.37% return. Over the past 10 years, QYLD has outperformed UDVD.L with an annualized return of 9.69%, while UDVD.L has yielded a comparatively lower 8.80% 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%

UDVD.L

1D
0.28%
1M
0.99%
YTD
7.37%
6M
8.92%
1Y
13.12%
3Y*
9.29%
5Y*
5.73%
10Y*
8.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QYLD vs. UDVD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
UDVD.L
SPDR S&P US Dividend Aristocrats UCITS ETF Dis		7.37%8.57%7.64%2.06%-0.33%25.05%0.77%22.65%-3.94%15.73%

Correlation

The correlation between QYLD and UDVD.L is 0.09, 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

0.09

Correlation (3Y)
Calculated over the trailing 3-year period

0.12

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (10Y)
Calculated over the trailing 10-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Dec 12, 2013

0.28

The correlation between QYLD and UDVD.L shifts across timeframes, from 0.09 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

QYLD vs. UDVD.L - Sectors Allocation Comparison

Sectors
QYLD
UDVD.L

Technology

53.8%
8.9%

Communication Services

15.8%
3.5%

Consumer Cyclical

12.3%
5.2%

Consumer Defensive

7.7%
17.0%

Healthcare

4.2%
6.2%

Industrials

2.8%
17.5%

Utilities

1.4%
14.8%

Basic Materials

1.1%
6.4%

Energy

0.6%
4.5%

Financial Services

0.2%
11.5%

Real Estate

0.1%
4.6%

Technology

QYLD
53.8%
UDVD.L
8.9%

Communication Services

QYLD
15.8%
UDVD.L
3.5%

Consumer Cyclical

QYLD
12.3%
UDVD.L
5.2%

Consumer Defensive

QYLD
7.7%
UDVD.L
17.0%

Healthcare

QYLD
4.2%
UDVD.L
6.2%

Industrials

QYLD
2.8%
UDVD.L
17.5%

Utilities

QYLD
1.4%
UDVD.L
14.8%

Basic Materials

QYLD
1.1%
UDVD.L
6.4%

Energy

QYLD
0.6%
UDVD.L
4.5%

Financial Services

QYLD
0.2%
UDVD.L
11.5%

Real Estate

QYLD
0.1%
UDVD.L
4.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X NASDAQ 100 Covered Call ETF

SPDR S&P US Dividend Aristocrats UCITS ETF Dis

Often compared with QYLD:
QYLD vs. JEPQQYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLG
Often compared with UDVD.L:
UDVD.L vs. SCHDUDVD.L vs. USDV.LUDVD.L vs. VHYD.LUDVD.L vs. VWRD.LUDVD.L vs. WQDV.LUDVD.L vs. JEPQUDVD.L vs. DGRO

Return for Risk

QYLD vs. UDVD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QYLD
QYLD Risk / Return Rank: 8888
Overall Rank
QYLD Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 8484
Sortino Ratio Rank
QYLD Omega Ratio Rank: 9191
Omega Ratio Rank
QYLD Calmar Ratio Rank: 8686
Calmar Ratio Rank
QYLD Martin Ratio Rank: 9494
Martin Ratio Rank
UDVD.L
UDVD.L Risk / Return Rank: 4040
Overall Rank
UDVD.L Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
UDVD.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
UDVD.L Omega Ratio Rank: 3939
Omega Ratio Rank
UDVD.L Calmar Ratio Rank: 4242
Calmar Ratio Rank
UDVD.L Martin Ratio Rank: 3434
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QYLD vs. UDVD.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 SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.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.

QYLDUDVD.LDifference
Sharpe ratioReturn per unit of total volatility
2.41
1.32

+1.10

Sortino ratioReturn per unit of downside risk
3.34
1.99

+1.35

Omega ratioGain probability vs. loss probability

1.53

1.23

+0.30

Calmar ratioReturn relative to maximum drawdown

4.30

1.85

+2.45

Martin ratioReturn relative to average drawdown

24.77

4.67

+20.09

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QYLD vs. UDVD.L - Sharpe Ratio Comparison

The current QYLD Sharpe Ratio is 2.41, which is higher than the UDVD.L Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of QYLD and UDVD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

QYLDUDVD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.41

1.32

+1.10

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

0.56

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.72

-0.14

Drawdowns

QYLD vs. UDVD.L - Drawdown Comparison

The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum UDVD.L drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for QYLD and UDVD.L.

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Drawdown Indicators

QYLDUDVD.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.75%

-36.12%

+11.37%

Max Drawdown (1Y)

Largest decline over 1 year

-4.97%

-7.06%

+2.09%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-15.26%

-3.80%

Max Drawdown (5Y)

Largest decline over 5 years

-24.61%

-15.26%

-9.35%

Max Drawdown (10Y)

Largest decline over 10 years

-24.75%

-36.12%

+11.37%

Current Drawdown

Current decline from peak

-1.60%

-3.27%

+1.67%

Average Drawdown

Average peak-to-trough decline

-3.83%

-3.43%

-0.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.86%

2.80%

-1.94%

Volatility

QYLD vs. UDVD.L - Volatility Comparison

Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 2.96% compared to SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L) at 2.62%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than UDVD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QYLDUDVD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

2.62%

+0.34%

Volatility (6M)

Calculated over the trailing 6-month period

7.49%

7.00%

+0.49%

Volatility (1Y)

Calculated over the trailing 1-year period

8.86%

9.93%

-1.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.73%

13.93%

+0.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.51%

15.70%

-0.19%

QYLD vs. UDVD.L - Expense Ratio Comparison

QYLD has a 0.60% expense ratio, which is higher than UDVD.L's 0.35% expense ratio.

Dividends

QYLD vs. UDVD.L - Dividend Comparison

QYLD's dividend yield for the trailing twelve months is around 11.64%, more than UDVD.L's 2.04% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
UDVD.L
SPDR S&P US Dividend Aristocrats UCITS ETF Dis		2.04%2.17%2.03%2.24%2.13%2.15%2.36%2.01%2.27%1.78%1.83%2.06%

Frequently Asked Questions

QYLD and UDVD.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UDVD.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UDVD.L is cheaper with a 0.35% expense ratio, compared with 0.60% for QYLD.

QYLD is categorized as Nasdaq-100, while UDVD.L is Large Cap Blend Equities. QYLD tracks CBOE NASDAQ-100 Buy Write V2, while UDVD.L tracks S&P High Yield Dividend Aristocrats Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.60% for QYLD and 0.35% for UDVD.L.

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