QYLD vs. ZPRG.DE
QYLD (Global X NASDAQ 100 Covered Call ETF) and ZPRG.DE (SPDR S&P Global Dividend Aristocrats UCITS) are both exchange-traded funds - QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while ZPRG.DE is a Global Equity Income fund tracking the S&P Global Dividend Aristocrats Quality Income Index. Both are passively managed. Over the past 10 years, QYLD returned 9.69%/yr vs 6.51%/yr for ZPRG.DE. At a 0.31 correlation, their price movements are largely independent. QYLD charges 0.60%/yr vs 0.45%/yr for ZPRG.DE.
Performance
QYLD vs. ZPRG.DE - Performance Comparison
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Different Trading Currencies
QYLD is traded in USD, while ZPRG.DE is traded in EUR. To make them comparable, the ZPRG.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with QYLD having a 6.22% return and ZPRG.DE slightly lower at 5.96%. Over the past 10 years, QYLD has outperformed ZPRG.DE with an annualized return of 9.69%, while ZPRG.DE has yielded a comparatively lower 6.51% 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%
ZPRG.DE
- 1D
- -0.01%
- 1M
- -0.55%
- YTD
- 5.96%
- 6M
- 7.99%
- 1Y
- 15.95%
- 3Y*
- 14.04%
- 5Y*
- 5.41%
- 10Y*
- 6.51%
QYLD vs. ZPRG.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% |
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS | 5.96% | 18.58% | 6.72% | 6.76% | -6.50% | 15.16% | -9.44% | 21.05% | -9.74% | 18.96% |
Correlation
The correlation between QYLD and ZPRG.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.31 |
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Return for Risk
QYLD vs. ZPRG.DE — Risk / Return Rank
QYLD
ZPRG.DE
QYLD vs. ZPRG.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 Global Dividend Aristocrats UCITS (ZPRG.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 | ZPRG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.27 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 2.08 | +2.22 |
| Martin ratioReturn relative to average drawdown | 24.77 | 6.38 | +18.39 |
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 | ZPRG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 1.53 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.38 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.40 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.38 | +0.21 |
Drawdowns
QYLD vs. ZPRG.DE - Drawdown Comparison
The maximum QYLD drawdown since its inception was -24.75%, smaller than the maximum ZPRG.DE drawdown of -42.75%. Use the drawdown chart below to compare losses from any high point for QYLD and ZPRG.DE.
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Drawdown Indicators
| QYLD | ZPRG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -42.75% | +18.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -7.64% | +2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -13.87% | -5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -24.61% | -20.91% | -3.70% |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | -42.75% | +18.00% |
Current DrawdownCurrent decline from peak | -1.60% | -2.72% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -6.33% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.49% | -1.63% |
Volatility
QYLD vs. ZPRG.DE - Volatility Comparison
Global X NASDAQ 100 Covered Call ETF (QYLD) has a higher volatility of 2.96% compared to SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) at 2.58%. This indicates that QYLD's price experiences larger fluctuations and is considered to be riskier than ZPRG.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 | ZPRG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 2.58% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 7.34% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.86% | 10.44% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.73% | 14.16% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 16.09% | -0.58% |
QYLD vs. ZPRG.DE - Expense Ratio Comparison
QYLD has a 0.60% expense ratio, which is higher than ZPRG.DE's 0.45% expense ratio.
Dividends
QYLD vs. ZPRG.DE - Dividend Comparison
QYLD's dividend yield for the trailing twelve months is around 11.64%, more than ZPRG.DE's 3.87% 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% |
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS | 3.87% | 4.25% | 3.73% | 4.22% | 4.49% | 3.58% | 3.98% | 3.44% | 3.95% | 3.36% | 3.62% | 3.80% |
Frequently Asked Questions
QYLD and ZPRG.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRG.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRG.DE is cheaper with a 0.45% expense ratio, compared with 0.60% for QYLD.
QYLD is categorized as Nasdaq-100, while ZPRG.DE is Global Equity Income. QYLD tracks CBOE NASDAQ-100 Buy Write V2, while ZPRG.DE tracks S&P Global Dividend Aristocrats Quality Income Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.60% for QYLD and 0.45% for ZPRG.DE.
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