QYLU.L vs. QQQ3.L
QYLU.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)) and QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both Nasdaq-100 funds - QYLU.L tracks the Cboe Nasdaq-100 BuyWrite v2 UCITS Index while QQQ3.L tracks the NASDAQ-100 Index (300%). Both are passively managed. Over the past 3 years, QYLU.L returned 11.41%/yr vs 43.17%/yr for QQQ3.L. A 0.71 correlation means they provide meaningful diversification when combined. QYLU.L charges 0.45%/yr vs 0.75%/yr for QQQ3.L.
Performance
QYLU.L vs. QQQ3.L - Performance Comparison
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Returns By Period
In the year-to-date period, QYLU.L achieves a 4.87% return, which is significantly lower than QQQ3.L's 23.91% return.
QYLU.L
- 1D
- -2.37%
- 1M
- -2.67%
- 6M
- 3.99%
- YTD
- 4.87%
- 1Y
- 16.53%
- 3Y*
- 11.41%
- 5Y*
- —
- 10Y*
- —
QQQ3.L
- 1D
- -6.88%
- 1M
- -16.73%
- 6M
- 22.68%
- YTD
- 23.91%
- 1Y
- 51.82%
- 3Y*
- 43.17%
- 5Y*
- 16.26%
- 10Y*
- 41.43%
QYLU.L vs. QQQ3.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% |
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged | 23.91% | 27.63% | 59.91% | 209.50% | -19.91% |
Correlation
The correlation between QYLU.L and QQQ3.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.71 |
The correlation between QYLU.L and QQQ3.L shifts across timeframes, from 0.56 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QYLU.L vs. QQQ3.L — Risk / Return Rank
QYLU.L
QQQ3.L
QYLU.L vs. QQQ3.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 WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.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 | QQQ3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 1.44 | +1.88 |
| Martin ratioReturn relative to average drawdown | 11.23 | 4.18 | +7.04 |
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Drawdowns
QYLU.L vs. QQQ3.L - Drawdown Comparison
The maximum QYLU.L drawdown since its inception was -19.93%, smaller than the maximum QQQ3.L drawdown of -81.35%. Use the drawdown chart below to compare losses from any high point for QYLU.L and QQQ3.L.
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Drawdown Indicators
| QYLU.L | QQQ3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -81.35% | +61.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -35.92% | +30.95% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -58.20% | +38.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.35% | — |
Current DrawdownCurrent decline from peak | -3.70% | -22.57% | +18.87% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -19.03% | +16.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 12.36% | -10.89% |
Volatility
QYLU.L vs. QQQ3.L - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) (QYLU.L) is 5.42%, while WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) has a volatility of 19.28%. This indicates that QYLU.L experiences smaller price fluctuations and is considered to be less risky than QQQ3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QYLU.L | QQQ3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 19.28% | -13.86% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 41.47% | -31.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.32% | 52.00% | -38.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 63.05% | -47.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 60.25% | -44.60% |
QYLU.L vs. QQQ3.L - Expense Ratio Comparison
QYLU.L has a 0.45% expense ratio, which is lower than QQQ3.L's 0.75% expense ratio.
Dividends
QYLU.L vs. QQQ3.L - Dividend Comparison
Neither QYLU.L nor QQQ3.L has paid dividends to shareholders.
Frequently Asked Questions
QYLU.L and QQQ3.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QYLU.L is cheaper with a 0.45% expense ratio, compared with 0.75% for QQQ3.L.
QYLU.L tracks Cboe Nasdaq-100 BuyWrite v2 UCITS Index, while QQQ3.L tracks NASDAQ-100 Index (300%). They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.45% for QYLU.L and 0.75% for QQQ3.L.
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