QYLP.L vs. WINC.AS

Last updated Apr 1, 2026

Compare and contrast key facts about Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) and iShares World Equity High Income UCITS ETF USD Inc (WINC.AS).

QYLP.L and WINC.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLP.L is a passively managed fund by Global X that tracks the performance of the Cboe Nasdaq-100 BuyWrite Index. It was launched on Nov 22, 2022. WINC.AS is an actively managed fund by iShares. It was launched on Mar 26, 2024.

Performance

QYLP.L vs. WINC.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) and iShares World Equity High Income UCITS ETF USD Inc (WINC.AS). The values are adjusted to include any dividend payments, if applicable.

QYLP.L vs. WINC.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP	-1.55%	-4.48%	14.43%
WINC.AS iShares World Equity High Income UCITS ETF USD Inc	-0.85%	13.28%	9.17%

Different Trading Currencies

QYLP.L is traded in GBP, while WINC.AS is traded in USD. To make them comparable, the WINC.AS 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 -1.55% return, which is significantly lower than WINC.AS's -0.85% return.

QYLP.L

• 1D: 0.55%
• 1M: -1.21%
• YTD: -1.55%
• 6M: 5.20%
• 1Y: 5.59%
• 3Y*: 6.01%
• 5Y*: —
• 10Y*: —

WINC.AS

• 1D: 0.40%
• 1M: -3.98%
• YTD: -0.85%
• 6M: 3.70%
• 1Y: 16.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QYLP.L vs. WINC.AS - Expense Ratio Comparison

QYLP.L has a 0.45% expense ratio, which is higher than WINC.AS's 0.35% expense ratio.

QYLP.L

Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP

WINC.AS

iShares World Equity High Income UCITS ETF USD Inc

Return for Risk

QYLP.L vs. WINC.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QYLP.L

QYLP.L Risk / Return Rank: 25
QYLP.L Sharpe Ratio Rank: 26
QYLP.L Sortino Ratio Rank: 25
QYLP.L Omega Ratio Rank: 27
QYLP.L Calmar Ratio Rank: 25
QYLP.L Martin Ratio Rank: 23

WINC.AS

WINC.AS Risk / Return Rank: 77
WINC.AS Sharpe Ratio Rank: 78
WINC.AS Sortino Ratio Rank: 78
WINC.AS Omega Ratio Rank: 79
WINC.AS Calmar Ratio Rank: 70
WINC.AS Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QYLP.L vs. WINC.AS - 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 iShares World Equity High Income UCITS ETF USD Inc (WINC.AS). 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	WINC.AS	Difference
Sharpe ratio Return per unit of total volatility	0.42	1.25	-0.83
Sortino ratio Return per unit of downside risk	0.66	1.72	-1.05
Omega ratio Gain probability vs. loss probability	1.10	1.25	-0.15
Calmar ratio Return relative to maximum drawdown	0.51	1.59	-1.08
Martin ratio Return relative to average drawdown	1.47	7.26	-5.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QYLP.L vs. WINC.AS - Sharpe Ratio Comparison

The current QYLP.L Sharpe Ratio is 0.42, which is lower than the WINC.AS Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of QYLP.L and WINC.AS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QYLP.L	WINC.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	1.25	-0.83
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.99	-0.37

Correlation

The correlation between QYLP.L and WINC.AS is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

QYLP.L vs. WINC.AS - Dividend Comparison

QYLP.L's dividend yield for the trailing twelve months is around 8.06%, less than WINC.AS's 9.72% yield.

	TTM	2025	2024	2023
QYLP.L Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP	8.06%	8.93%	8.31%	9.56%
WINC.AS iShares World Equity High Income UCITS ETF USD Inc	9.72%	9.38%	4.88%	0.00%

Drawdowns

QYLP.L vs. WINC.AS - Drawdown Comparison

The maximum QYLP.L drawdown since its inception was -22.40%, which is greater than WINC.AS's maximum drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for QYLP.L and WINC.AS.

Drawdown Indicators

	QYLP.L	WINC.AS	Difference
Max Drawdown Largest peak-to-trough decline	-22.40%	-14.81%	-7.59%
Max Drawdown (1Y) Largest decline over 1 year	-9.45%	-10.81%	+1.36%
Current Drawdown Current decline from peak	-10.30%	-6.13%	-4.17%
Average Drawdown Average peak-to-trough decline	-5.56%	-1.60%	-3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	2.07%	+1.21%

Volatility

QYLP.L vs. WINC.AS - Volatility Comparison

The current volatility for Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) is 3.16%, while iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) has a volatility of 4.70%. This indicates that QYLP.L experiences smaller price fluctuations and is considered to be less risky than WINC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QYLP.L	WINC.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	4.70%	-1.54%
Volatility (6M) Calculated over the trailing 6-month period	7.02%	8.03%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	13.36%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.41%	13.37%	-0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.41%	13.37%	-0.96%