QYLE.DE vs. N1ES.DE
QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) and N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both Nasdaq-100 funds - QYLE.DE tracks the Cboe Nasdaq-100 BuyWrite while N1ES.DE tracks the Nasdaq 100® ESG. Both are passively managed. Over the past 3 years, QYLE.DE returned 12.74%/yr vs 25.46%/yr for N1ES.DE. A 0.68 correlation means they provide meaningful diversification when combined. QYLE.DE charges 0.45%/yr vs 0.25%/yr for N1ES.DE.
Performance
QYLE.DE vs. N1ES.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 N1ES.DE's 21.31% return.
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.37%
- YTD
- 6.53%
- 6M
- 7.35%
- 1Y
- 16.23%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
N1ES.DE
- 1D
- -0.74%
- 1M
- 10.39%
- YTD
- 21.31%
- 6M
- 20.40%
- 1Y
- 40.26%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
QYLE.DE vs. N1ES.DE - 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% | -5.59% |
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 8.26% | 33.55% | 51.62% | -10.74% |
Correlation
The correlation between QYLE.DE and N1ES.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2022 | 0.68 |
The correlation between QYLE.DE and N1ES.DE has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
QYLE.DE vs. N1ES.DE — Risk / Return Rank
QYLE.DE
N1ES.DE
QYLE.DE vs. N1ES.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 Nasdaq-100 ESG UCITS ETF Acc (N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 3.69 | +0.18 |
| Martin ratioReturn relative to average drawdown | 10.46 | 10.62 | -0.16 |
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 | N1ES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 2.42 | -0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.81 | +0.34 |
Drawdowns
QYLE.DE vs. N1ES.DE - Drawdown Comparison
The maximum QYLE.DE drawdown since its inception was -24.06%, smaller than the maximum N1ES.DE drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for QYLE.DE and N1ES.DE.
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Drawdown Indicators
| QYLE.DE | N1ES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.06% | -29.96% | +5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -10.86% | +6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -24.06% | -26.65% | +2.59% |
Current DrawdownCurrent decline from peak | -5.04% | -0.74% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -8.51% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 3.78% | -2.23% |
Volatility
QYLE.DE vs. N1ES.DE - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) is 2.32%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a volatility of 4.64%. This indicates that QYLE.DE experiences smaller price fluctuations and is considered to be less risky than N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 4.64% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 11.63% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.63% | 16.59% | -6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 20.73% | -7.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 20.73% | -7.48% |
QYLE.DE vs. N1ES.DE - Expense Ratio Comparison
QYLE.DE has a 0.45% expense ratio, which is higher than N1ES.DE's 0.25% expense ratio.
Dividends
QYLE.DE vs. N1ES.DE - Dividend Comparison
QYLE.DE's dividend yield for the trailing twelve months is around 8.84%, while N1ES.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF 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 N1ES.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, N1ES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
N1ES.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for QYLE.DE.
QYLE.DE tracks Cboe Nasdaq-100 BuyWrite, while N1ES.DE tracks Nasdaq 100® ESG. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.45% for QYLE.DE and 0.25% for N1ES.DE.
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