QYLE.DE vs. JHYP.L
Compare and contrast key facts about Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L).
QYLE.DE and JHYP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLE.DE is a passively managed fund by Global X that tracks the performance of the Cboe Nasdaq-100 BuyWrite. It was launched on Nov 22, 2022. JHYP.L is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA Gbl HY Constnd TR HGBP. It was launched on Apr 24, 2020. Both QYLE.DE and JHYP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QYLE.DE or JHYP.L.
Key characteristics
| QYLE.DE | JHYP.L | |
|---|---|---|
| YTD Return | 23.08% | 7.61% |
| 1Y Return | 24.77% | 12.27% |
| Sharpe Ratio | 2.08 | 3.24 |
| Sortino Ratio | 2.69 | 5.30 |
| Omega Ratio | 1.43 | 1.72 |
| Calmar Ratio | 3.14 | 1.90 |
| Martin Ratio | 14.17 | 27.78 |
| Ulcer Index | 1.82% | 0.45% |
| Daily Std Dev | 12.36% | 3.98% |
| Max Drawdown | -9.08% | -15.43% |
| Current Drawdown | 0.00% | -0.27% |
Correlation
The correlation between QYLE.DE and JHYP.L is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QYLE.DE vs. JHYP.L - Performance Comparison
In the year-to-date period, QYLE.DE achieves a 23.08% return, which is significantly higher than JHYP.L's 7.61% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QYLE.DE vs. JHYP.L - Expense Ratio Comparison
QYLE.DE has a 0.45% expense ratio, which is higher than JHYP.L's 0.35% expense ratio.
Risk-Adjusted Performance
QYLE.DE vs. JHYP.L - Risk-Adjusted Performance 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 Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L). 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.
Dividends
QYLE.DE vs. JHYP.L - Dividend Comparison
QYLE.DE's dividend yield for the trailing twelve months is around 9.00%, more than JHYP.L's 5.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 9.00% | 10.08% | 0.00% | 0.00% | 0.00% |
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 5.97% | 8.55% | 5.62% | 4.37% | 0.69% |
Drawdowns
QYLE.DE vs. JHYP.L - Drawdown Comparison
The maximum QYLE.DE drawdown since its inception was -9.08%, smaller than the maximum JHYP.L drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for QYLE.DE and JHYP.L. For additional features, visit the drawdowns tool.
Volatility
QYLE.DE vs. JHYP.L - Volatility Comparison
Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) has a higher volatility of 3.26% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) at 2.75%. This indicates that QYLE.DE's price experiences larger fluctuations and is considered to be riskier than JHYP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.