QYLP.L vs. QYLD.L
QYLP.L (Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both Nasdaq-100 funds from Global X - QYLP.L tracks the Cboe Nasdaq-100 BuyWrite Index while QYLD.L tracks the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. Both are passively managed. Over the past 3 years, QYLP.L returned 9.84%/yr vs 10.74%/yr for QYLD.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.
Performance
QYLP.L vs. QYLD.L - Performance Comparison
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Different Trading Currencies
QYLP.L is traded in GBP, while QYLD.L is traded in USD. To make them comparable, the QYLD.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 3.50% return, which is significantly lower than QYLD.L's 4.85% return.
QYLP.L
- 1D
- -3.37%
- 1M
- -4.45%
- 6M
- 2.55%
- YTD
- 3.50%
- 1Y
- 14.43%
- 3Y*
- 9.84%
- 5Y*
- —
- 10Y*
- —
QYLD.L
- 1D
- -1.99%
- 1M
- -3.73%
- 6M
- 3.25%
- YTD
- 4.85%
- 1Y
- 15.88%
- 3Y*
- 10.74%
- 5Y*
- —
- 10Y*
- —
QYLP.L vs. QYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 3.50% | -1.78% | 24.51% | 16.58% | -18.75% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 4.85% | -2.14% | 26.95% | 17.09% | -3.80% |
Correlation
The correlation between QYLP.L and QYLD.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.73 |
The correlation between QYLP.L and QYLD.L has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.
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Return for Risk
QYLP.L vs. QYLD.L — Risk / Return Rank
QYLP.L
QYLD.L
QYLP.L vs. QYLD.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 Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QYLP.L | QYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 3.39 | -1.02 |
| Martin ratioReturn relative to average drawdown | 11.15 | 11.47 | -0.32 |
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Drawdowns
QYLP.L vs. QYLD.L - Drawdown Comparison
The maximum QYLP.L drawdown since its inception was -21.90%, smaller than the maximum QYLD.L drawdown of -24.76%. Use the drawdown chart below to compare losses from any high point for QYLP.L and QYLD.L.
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Drawdown Indicators
| QYLP.L | QYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.90% | -24.76% | +2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -4.66% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -21.90% | -24.76% | +2.86% |
Current DrawdownCurrent decline from peak | -6.07% | -4.66% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -5.50% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.37% | -0.08% |
Volatility
QYLP.L vs. QYLD.L - Volatility Comparison
Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) has a higher volatility of 5.82% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) at 5.02%. This indicates that QYLP.L's price experiences larger fluctuations and is considered to be riskier than QYLD.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 | QYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 5.02% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.72% | 8.81% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.24% | 10.67% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 16.77% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 16.77% | -1.62% |
QYLP.L vs. QYLD.L - Expense Ratio Comparison
Both QYLP.L and QYLD.L have an expense ratio of 0.45%.
Dividends
QYLP.L vs. QYLD.L - Dividend Comparison
QYLP.L's dividend yield for the trailing twelve months is around 12.02%, more than QYLD.L's 11.85% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 11.85% | 11.41% | 12.28% | 10.88% |
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 12.02% | 11.71% | 10.64% | 10.92% |
Frequently Asked Questions
QYLP.L and QYLD.L have a correlation of 0.75, 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 QYLD.L have the same expense ratio: 0.45% per year.
QYLP.L tracks Cboe Nasdaq-100 BuyWrite Index, while QYLD.L tracks Cboe Nasdaq-100 BuyWrite v2 UCITS Index.
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