QYLE.DE vs. QYLD
QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both Nasdaq-100 funds from Global X - QYLE.DE tracks the Cboe Nasdaq-100 BuyWrite while QYLD tracks the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 3 years, QYLE.DE returned 12.74%/yr vs 10.74%/yr for QYLD. A 0.61 correlation means they provide meaningful diversification when combined. QYLE.DE charges 0.45%/yr vs 0.60%/yr for QYLD.
Performance
QYLE.DE vs. QYLD - Performance Comparison
Loading charts...
Different Trading Currencies
QYLE.DE is traded in EUR, while QYLD is traded in USD. To make them comparable, the QYLD 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 6.53% return, which is significantly lower than QYLD's 9.11% return.
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.37%
- YTD
- 6.53%
- 6M
- 7.35%
- 1Y
- 16.23%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
QYLD
- 1D
- -0.14%
- 1M
- 2.08%
- YTD
- 9.11%
- 6M
- 10.20%
- 1Y
- 21.62%
- 3Y*
- 10.74%
- 5Y*
- 9.44%
- 10Y*
- 9.56%
QYLE.DE vs. QYLD - 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% |
QYLD Global X NASDAQ 100 Covered Call ETF | 9.11% | -3.68% | 27.23% | 19.09% | -5.12% |
Correlation
The correlation between QYLE.DE and QYLD is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2022 | 0.61 |
The correlation between QYLE.DE and QYLD has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QYLE.DE vs. QYLD — Risk / Return Rank
QYLE.DE
QYLD
QYLE.DE vs. QYLD - 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 Global X NASDAQ 100 Covered Call ETF (QYLD). 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 | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 4.99 | -1.12 |
| Martin ratioReturn relative to average drawdown | 10.46 | 16.86 | -6.41 |
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 charts...
Sharpe Ratios by Period
| QYLE.DE | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 2.19 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.62 | +0.54 |
Drawdowns
QYLE.DE vs. QYLD - Drawdown Comparison
The maximum QYLE.DE drawdown since its inception was -24.06%, smaller than the maximum QYLD drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for QYLE.DE and QYLD.
Loading charts...
Drawdown Indicators
| QYLE.DE | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.06% | -27.40% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -4.35% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -24.06% | -23.12% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.40% | — |
Current DrawdownCurrent decline from peak | -5.04% | -0.14% | -4.90% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -4.79% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.29% | +0.26% |
Volatility
QYLE.DE vs. QYLD - Volatility Comparison
Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) has a higher volatility of 2.32% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.61%. This indicates that QYLE.DE's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QYLE.DE | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 1.61% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 7.28% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.63% | 9.91% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 15.38% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 16.63% | -3.38% |
QYLE.DE vs. QYLD - Expense Ratio Comparison
QYLE.DE has a 0.45% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Dividends
QYLE.DE vs. QYLD - Dividend Comparison
QYLE.DE's dividend yield for the trailing twelve months is around 8.84%, less than QYLD's 11.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.46% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 8.84% | 10.67% | 15.00% | 20.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QYLE.DE and QYLD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QYLE.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QYLE.DE is cheaper with a 0.45% expense ratio, compared with 0.60% for QYLD.
QYLE.DE tracks Cboe Nasdaq-100 BuyWrite, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. Their fees differ too: 0.45% for QYLE.DE and 0.60% for QYLD.
Find the right allocation for QYLE.DE and QYLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer