QYLE.DE vs. XEON.DE
QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) are both exchange-traded funds - QYLE.DE is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite, while XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 3 years, QYLE.DE returned 12.74%/yr vs 2.99%/yr for XEON.DE. At a 0.01 correlation, their price movements are largely independent. QYLE.DE charges 0.45%/yr vs 0.10%/yr for XEON.DE.
Performance
QYLE.DE vs. XEON.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 XEON.DE's 0.80% return.
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.37%
- YTD
- 6.53%
- 6M
- 7.35%
- 1Y
- 16.23%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.97%
- 1Y
- 1.97%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
QYLE.DE vs. XEON.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% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | 0.16% |
Correlation
The correlation between QYLE.DE and XEON.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2022 | 0.01 |
The correlation between QYLE.DE and XEON.DE shifts across timeframes, from -0.11 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QYLE.DE vs. XEON.DE — Risk / Return Rank
QYLE.DE
XEON.DE
QYLE.DE vs. XEON.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 Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.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 | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.26 | ||
| Sortino ratioReturn per unit of downside risk | -18.88 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 4.27 | -2.97 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 69.36 | -65.49 |
| Martin ratioReturn relative to average drawdown | 10.46 | 316.53 | -306.08 |
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 | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 8.94 | -7.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 7.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.74 | +0.42 |
Drawdowns
QYLE.DE vs. XEON.DE - Drawdown Comparison
The maximum QYLE.DE drawdown since its inception was -24.06%, which is greater than XEON.DE's maximum drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for QYLE.DE and XEON.DE.
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Drawdown Indicators
| QYLE.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.06% | -3.71% | -20.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.17% | -0.03% | -4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -24.06% | -0.08% | -23.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.25% | — |
Current DrawdownCurrent decline from peak | -5.04% | -0.01% | -5.03% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -0.92% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 0.01% | +1.54% |
Volatility
QYLE.DE vs. XEON.DE - Volatility Comparison
Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) has a higher volatility of 2.32% compared to Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that QYLE.DE's price experiences larger fluctuations and is considered to be riskier than XEON.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 | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 0.04% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 0.16% | +5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.63% | 0.22% | +9.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 0.25% | +13.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 0.39% | +12.86% |
QYLE.DE vs. XEON.DE - Expense Ratio Comparison
QYLE.DE has a 0.45% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
QYLE.DE vs. XEON.DE - Dividend Comparison
QYLE.DE's dividend yield for the trailing twelve months is around 8.84%, while XEON.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 8.84% | 10.67% | 15.00% | 20.20% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QYLE.DE and XEON.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEON.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEON.DE is cheaper with a 0.10% expense ratio, compared with 0.45% for QYLE.DE.
QYLE.DE is categorized as Nasdaq-100, while XEON.DE is Bank Loan. QYLE.DE tracks Cboe Nasdaq-100 BuyWrite, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: Global X and Xtrackers. Their fees differ too: 0.45% for QYLE.DE and 0.10% for XEON.DE.
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