QYLP.L vs. RNRU.L
QYLP.L (Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP) and RNRU.L (Global X Renewable Energy Producers UCITS ETF USD Accumulating) are both exchange-traded funds - QYLP.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite Index, while RNRU.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, QYLP.L returned 12.13%/yr vs 1.91%/yr for RNRU.L. At a 0.18 correlation, their price movements are largely independent. QYLP.L charges 0.45%/yr vs 0.50%/yr for RNRU.L.
Performance
QYLP.L vs. RNRU.L - Performance Comparison
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Returns By Period
In the year-to-date period, QYLP.L achieves a 8.91% return, which is significantly lower than RNRU.L's 12.72% return.
QYLP.L
- 1D
- 0.79%
- 1M
- 2.67%
- YTD
- 8.91%
- 6M
- 9.52%
- 1Y
- 23.80%
- 3Y*
- 12.13%
- 5Y*
- —
- 10Y*
- —
RNRU.L
- 1D
- 0.00%
- 1M
- -4.86%
- YTD
- 12.72%
- 6M
- 12.74%
- 1Y
- 38.24%
- 3Y*
- 1.91%
- 5Y*
- —
- 10Y*
- —
QYLP.L vs. RNRU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 8.91% | -1.78% | 24.51% | 16.58% | -18.75% |
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 12.72% | 24.83% | -21.90% | -19.50% | -3.56% |
Correlation
The correlation between QYLP.L and RNRU.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.18 |
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Return for Risk
QYLP.L vs. RNRU.L — Risk / Return Rank
QYLP.L
RNRU.L
QYLP.L vs. RNRU.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 Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.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 | RNRU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.39 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.54 | 4.07 | +2.47 |
| Martin ratioReturn relative to average drawdown | 20.55 | 15.86 | +4.69 |
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Drawdowns
QYLP.L vs. RNRU.L - Drawdown Comparison
The maximum QYLP.L drawdown since its inception was -21.90%, smaller than the maximum RNRU.L drawdown of -53.53%. Use the drawdown chart below to compare losses from any high point for QYLP.L and RNRU.L.
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Drawdown Indicators
| QYLP.L | RNRU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.90% | -53.53% | +31.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -9.44% | +5.82% |
Max Drawdown (3Y)Largest decline over 3 years | -21.90% | -36.73% | +14.83% |
Current DrawdownCurrent decline from peak | -1.01% | -24.70% | +23.69% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -28.97% | +21.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.42% | -1.27% |
Volatility
QYLP.L vs. RNRU.L - Volatility Comparison
The current volatility for Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) is 3.04%, while Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) has a volatility of 5.02%. This indicates that QYLP.L experiences smaller price fluctuations and is considered to be less risky than RNRU.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 | RNRU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 5.02% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 12.26% | -5.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 16.06% | -7.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 18.27% | -3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 18.27% | -3.26% |
QYLP.L vs. RNRU.L - Expense Ratio Comparison
QYLP.L has a 0.45% expense ratio, which is lower than RNRU.L's 0.50% expense ratio.
Dividends
QYLP.L vs. RNRU.L - Dividend Comparison
QYLP.L's dividend yield for the trailing twelve months is around 11.21%, while RNRU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 11.21% | 11.71% | 10.64% | 10.92% |
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QYLP.L and RNRU.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QYLP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QYLP.L is cheaper with a 0.45% expense ratio, compared with 0.50% for RNRU.L.
QYLP.L is categorized as Nasdaq-100, while RNRU.L is Energy Equities. QYLP.L tracks Cboe Nasdaq-100 BuyWrite Index, while RNRU.L tracks S&P Global Clean Energy TR USD. Their fees differ too: 0.45% for QYLP.L and 0.50% for RNRU.L.
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