QYLE.DE vs. JEQA.DE
QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) and JEQA.DE (JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc)) are both Nasdaq-100 funds. QYLE.DE is passively managed, while JEQA.DE is actively managed. Over the past year, QYLE.DE returned 16.23% vs 26.62% for JEQA.DE. A 0.77 correlation means they provide meaningful diversification when combined. QYLE.DE charges 0.45%/yr vs 0.35%/yr for JEQA.DE.
Performance
QYLE.DE vs. JEQA.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 lower than JEQA.DE's 9.86% return.
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.37%
- YTD
- 6.53%
- 6M
- 7.35%
- 1Y
- 16.23%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
JEQA.DE
- 1D
- -0.39%
- 1M
- 4.42%
- YTD
- 9.86%
- 6M
- 10.20%
- 1Y
- 26.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLE.DE vs. JEQA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 6.53% | -7.62% | 8.05% |
JEQA.DE JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc) | 9.86% | 1.90% | 5.22% |
Correlation
The correlation between QYLE.DE and JEQA.DE is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.77 |
The correlation between QYLE.DE and JEQA.DE has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
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Return for Risk
QYLE.DE vs. JEQA.DE — Risk / Return Rank
QYLE.DE
JEQA.DE
QYLE.DE vs. JEQA.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 JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc) (JEQA.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 | JEQA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 4.62 | -0.75 |
| Martin ratioReturn relative to average drawdown | 10.46 | 16.56 | -6.10 |
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 | JEQA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 2.24 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.67 | +0.48 |
Drawdowns
QYLE.DE vs. JEQA.DE - Drawdown Comparison
The maximum QYLE.DE drawdown since its inception was -24.06%, roughly equal to the maximum JEQA.DE drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for QYLE.DE and JEQA.DE.
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Drawdown Indicators
| QYLE.DE | JEQA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.06% | -24.26% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -5.73% | +1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -24.06% | — | — |
Current DrawdownCurrent decline from peak | -5.04% | -0.39% | -4.65% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -5.85% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.60% | -0.05% |
Volatility
QYLE.DE vs. JEQA.DE - Volatility Comparison
Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) has a higher volatility of 2.32% compared to JPMorgan Nasdaq Equity Premium Income Active UCITS ETF USD (Acc) (JEQA.DE) at 1.37%. This indicates that QYLE.DE's price experiences larger fluctuations and is considered to be riskier than JEQA.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 | JEQA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 1.37% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 8.09% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.63% | 11.82% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 16.42% | -3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 16.42% | -3.17% |
QYLE.DE vs. JEQA.DE - Expense Ratio Comparison
QYLE.DE has a 0.45% expense ratio, which is higher than JEQA.DE's 0.35% expense ratio.
Dividends
QYLE.DE vs. JEQA.DE - Dividend Comparison
QYLE.DE's dividend yield for the trailing twelve months is around 8.84%, while JEQA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JEQA.DE JPMorgan Nasdaq Equity Premium Income Active 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 JEQA.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEQA.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEQA.DE is cheaper with a 0.35% expense ratio, compared with 0.45% for QYLE.DE.
They also come from different issuers: Global X and JPMorgan. Their fees differ too: 0.45% for QYLE.DE and 0.35% for JEQA.DE.
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