QYLE.DE vs. SY7D.DE
QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) and SY7D.DE (Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing) are both exchange-traded funds - QYLE.DE is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite, while SY7D.DE is a Derivative Income fund tracking the EURO STOXX 50 Covered Call ATM Index. Both are passively managed. Over the past year, QYLE.DE returned 16.23% vs 9.16% for SY7D.DE. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.
Performance
QYLE.DE vs. SY7D.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 higher than SY7D.DE's 1.17% return.
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.37%
- YTD
- 6.53%
- 6M
- 7.35%
- 1Y
- 16.23%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
SY7D.DE
- 1D
- 0.26%
- 1M
- 1.56%
- YTD
- 1.17%
- 6M
- 2.22%
- 1Y
- 9.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLE.DE vs. SY7D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 6.53% | 8.30% |
SY7D.DE Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing | 1.17% | 9.52% |
Correlation
The correlation between QYLE.DE and SY7D.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 9, 2025 | 0.20 |
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Return for Risk
QYLE.DE vs. SY7D.DE — Risk / Return Rank
QYLE.DE
SY7D.DE
QYLE.DE vs. SY7D.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 Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing (SY7D.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 | SY7D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.17 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 0.96 | +2.91 |
| Martin ratioReturn relative to average drawdown | 10.46 | 3.59 | +6.86 |
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 | SY7D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 0.80 | +0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.90 | +0.25 |
Drawdowns
QYLE.DE vs. SY7D.DE - Drawdown Comparison
The maximum QYLE.DE drawdown since its inception was -24.06%, which is greater than SY7D.DE's maximum drawdown of -9.48%. Use the drawdown chart below to compare losses from any high point for QYLE.DE and SY7D.DE.
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Drawdown Indicators
| QYLE.DE | SY7D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.06% | -9.48% | -14.58% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -9.48% | +5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -24.06% | — | — |
Current DrawdownCurrent decline from peak | -5.04% | -1.71% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -1.61% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.54% | -0.99% |
Volatility
QYLE.DE vs. SY7D.DE - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) is 2.32%, while Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing (SY7D.DE) has a volatility of 2.81%. This indicates that QYLE.DE experiences smaller price fluctuations and is considered to be less risky than SY7D.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 | SY7D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 2.81% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 9.61% | -3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.63% | 11.37% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 11.06% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 11.06% | +2.19% |
QYLE.DE vs. SY7D.DE - Expense Ratio Comparison
Both QYLE.DE and SY7D.DE have an expense ratio of 0.45%.
Dividends
QYLE.DE vs. SY7D.DE - Dividend Comparison
QYLE.DE's dividend yield for the trailing twelve months is around 8.84%, less than SY7D.DE's 10.81% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 8.84% | 10.67% | 15.00% | 20.20% |
SY7D.DE Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing | 10.81% | 6.10% | 0.00% | 0.00% |
Frequently Asked Questions
QYLE.DE and SY7D.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QYLE.DE and SY7D.DE have the same expense ratio: 0.45% per year.
QYLE.DE is categorized as Nasdaq-100, while SY7D.DE is Derivative Income. QYLE.DE tracks Cboe Nasdaq-100 BuyWrite, while SY7D.DE tracks EURO STOXX 50 Covered Call ATM Index.
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