QYLE.DE vs. IWDA.AS
QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - QYLE.DE is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 3 years, QYLE.DE returned 12.74%/yr vs 16.75%/yr for IWDA.AS. A 0.64 correlation means they provide meaningful diversification when combined. QYLE.DE charges 0.45%/yr vs 0.20%/yr for IWDA.AS.
Performance
QYLE.DE vs. IWDA.AS - 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 lower than IWDA.AS's 10.11% return.
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.06%
- YTD
- 6.53%
- 6M
- 7.92%
- 1Y
- 16.41%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
IWDA.AS
- 1D
- 1.59%
- 1M
- 1.50%
- YTD
- 10.11%
- 6M
- 11.35%
- 1Y
- 23.74%
- 3Y*
- 16.75%
- 5Y*
- 12.46%
- 10Y*
- 12.98%
QYLE.DE vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 6.53% | -7.62% | 37.36% | 30.02% | -5.65% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 10.11% | 7.08% | 27.23% | 19.89% | -6.24% |
Correlation
The correlation between QYLE.DE and IWDA.AS is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022 | 0.64 |
The correlation between QYLE.DE and IWDA.AS has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
QYLE.DE vs. IWDA.AS — Risk / Return Rank
QYLE.DE
IWDA.AS
QYLE.DE vs. IWDA.AS - 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 iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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 | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 3.57 | +0.30 |
| Martin ratioReturn relative to average drawdown | 10.46 | 14.14 | -3.69 |
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Drawdowns
QYLE.DE vs. IWDA.AS - Drawdown Comparison
The maximum QYLE.DE drawdown since its inception was -24.06%, smaller than the maximum IWDA.AS drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for QYLE.DE and IWDA.AS.
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Drawdown Indicators
| QYLE.DE | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.06% | -33.63% | +9.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -6.45% | +2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -24.06% | -21.59% | -2.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -5.04% | -1.19% | -3.85% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -4.24% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.64% | -0.09% |
Volatility
QYLE.DE vs. IWDA.AS - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) is 2.32%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a volatility of 3.07%. This indicates that QYLE.DE experiences smaller price fluctuations and is considered to be less risky than IWDA.AS 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 | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 3.07% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 7.94% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.63% | 11.14% | -1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 14.12% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 15.00% | -1.75% |
QYLE.DE vs. IWDA.AS - Expense Ratio Comparison
QYLE.DE has a 0.45% expense ratio, which is higher than IWDA.AS's 0.20% expense ratio.
Dividends
QYLE.DE vs. IWDA.AS - Dividend Comparison
QYLE.DE's dividend yield for the trailing twelve months is around 8.84%, while IWDA.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 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 IWDA.AS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.45% for QYLE.DE.
QYLE.DE is categorized as Nasdaq-100, while IWDA.AS is Global Equities. QYLE.DE tracks Cboe Nasdaq-100 BuyWrite, while IWDA.AS tracks MSCI World Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.45% for QYLE.DE and 0.20% for IWDA.AS.
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