QYLP.L vs. QQQO.L
QYLP.L (Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP) and QQQO.L (IncomeShares Nasdaq 100 Options (0DTE) ETP GBP) are both Nasdaq-100 funds. QYLP.L is passively managed, while QQQO.L is actively managed. Over the past year, QYLP.L returned 17.92% vs 33.32% for QQQO.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
QYLP.L vs. QQQO.L - Performance Comparison
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Different Trading Currencies
QYLP.L is traded in GBP, while QQQO.L is traded in GBp. To make them comparable, the QQQO.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, QYLP.L achieves a 4.67% return, which is significantly lower than QQQO.L's 15.53% return.
QYLP.L
- 1D
- -0.91%
- 1M
- 2.04%
- YTD
- 4.67%
- 6M
- 5.64%
- 1Y
- 17.92%
- 3Y*
- 6.77%
- 5Y*
- —
- 10Y*
- —
QQQO.L
- 1D
- -0.66%
- 1M
- 6.84%
- YTD
- 15.53%
- 6M
- 14.50%
- 1Y
- 33.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLP.L vs. QQQO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 4.67% | -4.48% | 16.39% |
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 15.53% | 6.57% | 12.88% |
Correlation
The correlation between QYLP.L and QQQO.L 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 (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.58 |
The correlation between QYLP.L and QQQO.L has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.
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Return for Risk
QYLP.L vs. QQQO.L — Risk / Return Rank
QYLP.L
QQQO.L
QYLP.L vs. QQQO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) and IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L). 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.
| QYLP.L | QQQO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.46 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.76 | 4.71 | +0.04 |
| Martin ratioReturn relative to average drawdown | 14.09 | 11.27 | +2.82 |
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
| QYLP.L | QQQO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 2.37 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 1.18 | -0.94 |
Drawdowns
QYLP.L vs. QQQO.L - Drawdown Comparison
The maximum QYLP.L drawdown since its inception was -22.40%, roughly equal to the maximum QQQO.L drawdown of -21.70%. Use the drawdown chart below to compare losses from any high point for QYLP.L and QQQO.L.
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Drawdown Indicators
| QYLP.L | QQQO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.40% | -21.70% | -0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -7.04% | +3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -22.40% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -0.66% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -4.40% | -4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 2.95% | -1.68% |
Volatility
QYLP.L vs. QQQO.L - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) is 2.76%, while IncomeShares Nasdaq 100 Options (0DTE) ETP GBP (QQQO.L) has a volatility of 3.90%. This indicates that QYLP.L experiences smaller price fluctuations and is considered to be less risky than QQQO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLP.L | QQQO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 3.90% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.58% | 8.93% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.55% | 14.00% | -5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 17.34% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.11% | 17.34% | -2.23% |
QYLP.L vs. QQQO.L - Expense Ratio Comparison
Both QYLP.L and QQQO.L have an expense ratio of 0.45%.
Dividends
QYLP.L vs. QQQO.L - Dividend Comparison
QYLP.L's dividend yield for the trailing twelve months is around 7.74%, less than QQQO.L's 67.52% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQQO.L IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 67.52% | 124.53% | 17.93% | 0.00% |
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 7.74% | 8.93% | 8.31% | 9.56% |
Frequently Asked Questions
QYLP.L and QQQO.L 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.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QYLP.L and QQQO.L have the same expense ratio: 0.45% per year.
They also come from different issuers: Global X and Leverage Shares.
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