QYLE.DE vs. PHEQ
Compare and contrast key facts about Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) and Parametric Hedged Equity ETF (PHEQ).
QYLE.DE and PHEQ 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. PHEQ is an actively managed fund by Parametric. It was launched on Oct 16, 2023.
Performance
QYLE.DE vs. PHEQ - Performance Comparison
Loading graphics...
QYLE.DE vs. PHEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | -0.11% | -7.62% | 37.36% | 1.33% |
PHEQ Parametric Hedged Equity ETF | 0.27% | -1.50% | 22.53% | 2.77% |
Different Trading Currencies
QYLE.DE is traded in EUR, while PHEQ is traded in USD. To make them comparable, the PHEQ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, QYLE.DE achieves a -0.11% return, which is significantly lower than PHEQ's 0.27% return.
QYLE.DE
- 1D
- 1.08%
- 1M
- -0.03%
- YTD
- -0.11%
- 6M
- 6.69%
- 1Y
- 2.79%
- 3Y*
- 12.94%
- 5Y*
- —
- 10Y*
- —
PHEQ
- 1D
- 0.44%
- 1M
- -0.21%
- YTD
- 0.27%
- 6M
- 2.35%
- 1Y
- 5.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QYLE.DE vs. PHEQ - Expense Ratio Comparison
QYLE.DE has a 0.45% expense ratio, which is higher than PHEQ's 0.29% expense ratio.
Return for Risk
QYLE.DE vs. PHEQ — Risk / Return Rank
QYLE.DE
PHEQ
QYLE.DE vs. PHEQ - 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 Parametric Hedged Equity ETF (PHEQ). 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 | PHEQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | 0.39 | -0.22 |
Sortino ratioReturn per unit of downside risk | 0.34 | 0.62 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.10 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.54 | -0.19 |
Martin ratioReturn relative to average drawdown | 1.29 | 2.32 | -1.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| QYLE.DE | PHEQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.39 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.82 | +0.22 |
Correlation
The correlation between QYLE.DE and PHEQ is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QYLE.DE vs. PHEQ - Dividend Comparison
QYLE.DE's dividend yield for the trailing twelve months is around 9.34%, more than PHEQ's 1.10% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 9.34% | 10.67% | 15.00% | 20.20% |
PHEQ Parametric Hedged Equity ETF | 1.10% | 1.19% | 1.39% | 1.73% |
Drawdowns
QYLE.DE vs. PHEQ - Drawdown Comparison
The maximum QYLE.DE drawdown since its inception was -24.06%, which is greater than PHEQ's maximum drawdown of -19.57%. Use the drawdown chart below to compare losses from any high point for QYLE.DE and PHEQ.
Loading graphics...
Drawdown Indicators
| QYLE.DE | PHEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.06% | -12.55% | -11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -7.85% | -4.57% |
Current DrawdownCurrent decline from peak | -10.96% | -2.24% | -8.72% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -1.02% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.53% | +0.55% |
Volatility
QYLE.DE vs. PHEQ - Volatility Comparison
Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) has a higher volatility of 3.19% compared to Parametric Hedged Equity ETF (PHEQ) at 2.44%. This indicates that QYLE.DE's price experiences larger fluctuations and is considered to be riskier than PHEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| QYLE.DE | PHEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 2.44% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 6.90% | 6.01% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 14.04% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.53% | 11.50% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.53% | 11.50% | +2.03% |