QYLE.DE vs. ED3F.DE
QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - QYLE.DE is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, QYLE.DE returned 16.23% vs -1.88% for ED3F.DE. At a 0.23 correlation, their price movements are largely independent. QYLE.DE charges 0.45%/yr vs 0.40%/yr for ED3F.DE.
Performance
QYLE.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QYLE.DE achieves a 6.53% return, which is significantly higher than ED3F.DE's 0.02% return.
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.37%
- YTD
- 6.53%
- 6M
- 7.35%
- 1Y
- 16.23%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLE.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 6.53% | 9.95% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between QYLE.DE and ED3F.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.23 |
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Return for Risk
QYLE.DE vs. ED3F.DE — Risk / Return Rank
QYLE.DE
ED3F.DE
QYLE.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.
| QYLE.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.01 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | -0.08 | +3.95 |
| Martin ratioReturn relative to average drawdown | 10.46 | -0.18 | +10.64 |
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
| QYLE.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | -0.06 | +1.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.15 | +1.00 |
Drawdowns
QYLE.DE vs. ED3F.DE - Drawdown Comparison
The maximum QYLE.DE drawdown since its inception was -24.06%, roughly equal to the maximum ED3F.DE drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for QYLE.DE and ED3F.DE.
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Drawdown Indicators
| QYLE.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.06% | -23.91% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -23.91% | +19.74% |
Max Drawdown (3Y)Largest decline over 3 years | -24.06% | — | — |
Current DrawdownCurrent decline from peak | -5.04% | -20.80% | +15.76% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -8.37% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 10.25% | -8.70% |
Volatility
QYLE.DE vs. ED3F.DE - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) is 2.32%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that QYLE.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLE.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 10.58% | -8.26% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 22.80% | -16.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.63% | 30.60% | -20.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 30.42% | -17.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 30.42% | -17.17% |
QYLE.DE vs. ED3F.DE - Expense Ratio Comparison
QYLE.DE has a 0.45% expense ratio, which is higher than ED3F.DE's 0.40% expense ratio.
Dividends
QYLE.DE vs. ED3F.DE - Dividend Comparison
QYLE.DE's dividend yield for the trailing twelve months is around 8.84%, while ED3F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% |
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 8.84% | 10.67% | 15.00% | 20.20% |
Frequently Asked Questions
QYLE.DE and ED3F.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ED3F.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ED3F.DE is cheaper with a 0.40% expense ratio, compared with 0.45% for QYLE.DE.
QYLE.DE is categorized as Nasdaq-100, while ED3F.DE is Aerospace & Defense. QYLE.DE tracks Cboe Nasdaq-100 BuyWrite, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. Their fees differ too: 0.45% for QYLE.DE and 0.40% for ED3F.DE.
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