QYLU.L vs. DRVG.L

Last updated Jul 18, 2026

QYLU.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)) and DRVG.L (Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing) are both exchange-traded funds - QYLU.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite v2 UCITS Index, while DRVG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, QYLU.L returned 11.41%/yr vs 9.06%/yr for DRVG.L. A 0.58 correlation means they provide meaningful diversification when combined. QYLU.L charges 0.45%/yr vs 0.50%/yr for DRVG.L.

Performance

QYLU.L vs. DRVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) (QYLU.L) and Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QYLU.L is traded in USD, while DRVG.L is traded in GBP. To make them comparable, the DRVG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QYLU.L achieves a 4.87% return, which is significantly lower than DRVG.L's 14.02% return.

QYLU.L

• 1D: -2.37%
• 1M: -2.67%
• 6M: 3.99%
• YTD: 4.87%
• 1Y: 16.53%
• 3Y*: 11.41%
• 5Y*: —
• 10Y*: —

DRVG.L

• 1D: -2.60%
• 1M: -14.40%
• 6M: 4.85%
• YTD: 14.02%
• 1Y: 37.68%
• 3Y*: 9.06%
• 5Y*: —
• 10Y*: —

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

QYLU.L vs. DRVG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)	4.87%	5.59%	22.94%	22.59%	-2.11%
DRVG.L Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing	14.02%	29.63%	-5.03%	26.84%	-9.61%

Correlation

The correlation between QYLU.L and DRVG.L is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022	0.58

The correlation between QYLU.L and DRVG.L has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.

Return for Risk

QYLU.L vs. DRVG.L — Risk / Return Rank

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

QYLU.L

QYLU.L Risk / Return Rank: 61
QYLU.L Sharpe Ratio Rank: 47
QYLU.L Sortino Ratio Rank: 47
QYLU.L Omega Ratio Rank: 47
QYLU.L Calmar Ratio Rank: 83
QYLU.L Martin Ratio Rank: 81

DRVG.L

DRVG.L Risk / Return Rank: 52
DRVG.L Sharpe Ratio Rank: 56
DRVG.L Sortino Ratio Rank: 54
DRVG.L Omega Ratio Rank: 51
DRVG.L Calmar Ratio Rank: 45
DRVG.L Martin Ratio Rank: 53

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.

QYLU.L vs. DRVG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) (QYLU.L) and Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.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.

	QYLU.L	DRVG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.42	-0.19
Sortino ratio: Return per unit of downside risk	1.81	2.01	-0.20
Omega ratio: Gain probability vs. loss probability	1.23	1.24	-0.01
Calmar ratio: Return relative to maximum drawdown	3.31	1.85	+1.46
Martin ratio: Return relative to average drawdown	11.23	6.55	+4.68

QYLU.L vs. DRVG.L - Sharpe Ratio Comparison

The current QYLU.L Sharpe Ratio is 1.24, which is comparable to the DRVG.L Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of QYLU.L and DRVG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QYLU.L vs. DRVG.L - Drawdown Comparison

The maximum QYLU.L drawdown since its inception was -19.93%, smaller than the maximum DRVG.L drawdown of -56.23%. Use the drawdown chart below to compare losses from any high point for QYLU.L and DRVG.L.

Drawdown Indicators

	QYLU.L	DRVG.L	Difference
Max Drawdown Largest peak-to-trough decline	-19.93%	-56.23%	+36.30%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	-20.31%	+15.34%
Max Drawdown (3Y) Largest decline over 3 years	-19.93%	-33.57%	+13.64%
Current Drawdown Current decline from peak	-3.70%	-20.31%	+16.61%
Average Drawdown Average peak-to-trough decline	-2.43%	-38.61%	+36.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	5.74%	-4.27%

Volatility

QYLU.L vs. DRVG.L - Volatility Comparison

The current volatility for Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) (QYLU.L) is 5.42%, while Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L) has a volatility of 10.48%. This indicates that QYLU.L experiences smaller price fluctuations and is considered to be less risky than DRVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QYLU.L	DRVG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	10.48%	-5.06%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	21.71%	-12.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.32%	26.63%	-13.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.65%	30.04%	-14.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	30.04%	-14.39%

QYLU.L vs. DRVG.L - Expense Ratio Comparison

QYLU.L has a 0.45% expense ratio, which is lower than DRVG.L's 0.50% expense ratio.

Dividends

QYLU.L vs. DRVG.L - Dividend Comparison

QYLU.L has not paid dividends to shareholders, while DRVG.L's dividend yield for the trailing twelve months is around 0.29%.

Position	TTM	2025	2024	2023	2022
DRVG.L Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing	0.29%	0.94%	1.38%	0.83%	0.67%
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QYLU.L and DRVG.L in my portfolio?

QYLU.L and DRVG.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QYLU.L or DRVG.L?

On fees, QYLU.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QYLU.L or DRVG.L?

QYLU.L is cheaper with a 0.45% expense ratio, compared with 0.50% for DRVG.L.

What is the main difference between QYLU.L and DRVG.L?

QYLU.L is categorized as Nasdaq-100, while DRVG.L is Technology Equities. QYLU.L tracks Cboe Nasdaq-100 BuyWrite v2 UCITS Index, while DRVG.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.45% for QYLU.L and 0.50% for DRVG.L.