QYLE.DE vs. EQQB.DE
QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) and EQQB.DE (Invesco EQQQ Nasdaq-100 UCITS ETF Acc) are both Nasdaq-100 funds - QYLE.DE tracks the Cboe Nasdaq-100 BuyWrite while EQQB.DE tracks the Nasdaq 100®. Both are passively managed. Over the past 3 years, QYLE.DE returned 11.85%/yr vs 24.46%/yr for EQQB.DE. A 0.67 correlation means they provide meaningful diversification when combined. QYLE.DE charges 0.45%/yr vs 0.30%/yr for EQQB.DE.
Performance
QYLE.DE vs. EQQB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QYLE.DE achieves a 10.16% return, which is significantly lower than EQQB.DE's 19.81% return.
QYLE.DE
- 1D
- 0.00%
- 1M
- 2.32%
- YTD
- 10.16%
- 6M
- 10.62%
- 1Y
- 21.99%
- 3Y*
- 11.85%
- 5Y*
- —
- 10Y*
- —
EQQB.DE
- 1D
- 0.00%
- 1M
- 0.86%
- YTD
- 19.81%
- 6M
- 19.97%
- 1Y
- 36.14%
- 3Y*
- 24.46%
- 5Y*
- —
- 10Y*
- —
QYLE.DE vs. EQQB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 10.16% | -6.43% | 30.41% | 19.62% | -8.36% |
EQQB.DE Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 19.81% | 6.93% | 33.67% | 51.27% | -10.06% |
Correlation
The correlation between QYLE.DE and EQQB.DE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.67 |
The correlation between QYLE.DE and EQQB.DE has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
QYLE.DE vs. EQQB.DE — Risk / Return Rank
QYLE.DE
EQQB.DE
QYLE.DE vs. EQQB.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 Invesco EQQQ Nasdaq-100 UCITS ETF Acc (EQQB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QYLE.DE | EQQB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.32 | 3.60 | +1.71 |
| Martin ratioReturn relative to average drawdown | 16.54 | 10.54 | +6.00 |
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Drawdowns
QYLE.DE vs. EQQB.DE - Drawdown Comparison
The maximum QYLE.DE drawdown since its inception was -23.94%, smaller than the maximum EQQB.DE drawdown of -26.59%. Use the drawdown chart below to compare losses from any high point for QYLE.DE and EQQB.DE.
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Drawdown Indicators
| QYLE.DE | EQQB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.94% | -26.59% | +2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -10.08% | +5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -23.94% | -26.59% | +2.65% |
Current DrawdownCurrent decline from peak | -0.60% | -1.91% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -6.71% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 3.44% | -2.10% |
Volatility
QYLE.DE vs. EQQB.DE - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) is 3.21%, while Invesco EQQQ Nasdaq-100 UCITS ETF Acc (EQQB.DE) has a volatility of 5.92%. This indicates that QYLE.DE experiences smaller price fluctuations and is considered to be less risky than EQQB.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 | EQQB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 5.92% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.58% | 12.01% | -5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.63% | 16.70% | -7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.13% | 20.05% | -6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.13% | 20.05% | -6.92% |
QYLE.DE vs. EQQB.DE - Expense Ratio Comparison
QYLE.DE has a 0.45% expense ratio, which is higher than EQQB.DE's 0.30% expense ratio.
Dividends
QYLE.DE vs. EQQB.DE - Dividend Comparison
QYLE.DE's dividend yield for the trailing twelve months is around 11.14%, while EQQB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EQQB.DE Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 11.14% | 11.95% | 10.44% | 11.90% |
Frequently Asked Questions
QYLE.DE and EQQB.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQQB.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQB.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for QYLE.DE.
QYLE.DE tracks Cboe Nasdaq-100 BuyWrite, while EQQB.DE tracks Nasdaq 100®. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.45% for QYLE.DE and 0.30% for EQQB.DE.
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