QYLU.L vs. QQQY.L
QYLU.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)) and QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) are both Nasdaq-100 funds. QYLU.L is passively managed, while QQQY.L is actively managed. Over the past year, QYLU.L returned 16.53% vs 16.79% for QQQY.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.
Performance
QYLU.L vs. QQQY.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 QQQY.L's 7.53% return.
QYLU.L
- 1D
- -2.37%
- 1M
- -2.67%
- 6M
- 3.99%
- YTD
- 4.87%
- 1Y
- 16.53%
- 3Y*
- 11.41%
- 5Y*
- —
- 10Y*
- —
QQQY.L
- 1D
- -2.14%
- 1M
- -4.17%
- 6M
- 6.40%
- YTD
- 7.53%
- 1Y
- 16.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLU.L vs. QQQY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 4.87% | 5.59% | 10.53% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 7.53% | 14.17% | -2.12% |
Correlation
The correlation between QYLU.L and QQQY.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2024 | 0.49 |
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Return for Risk
QYLU.L vs. QQQY.L — Risk / Return Rank
QYLU.L
QQQY.L
QYLU.L vs. QQQY.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 IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.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 | QQQY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.21 | +1.11 |
| Martin ratioReturn relative to average drawdown | 11.23 | 6.60 | +4.63 |
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Drawdowns
QYLU.L vs. QQQY.L - Drawdown Comparison
The maximum QYLU.L drawdown since its inception was -19.93%, roughly equal to the maximum QQQY.L drawdown of -19.38%. Use the drawdown chart below to compare losses from any high point for QYLU.L and QQQY.L.
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Drawdown Indicators
| QYLU.L | QQQY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -19.38% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -7.57% | +2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | — | — |
Current DrawdownCurrent decline from peak | -3.70% | -7.57% | +3.87% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -3.87% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 2.54% | -1.07% |
Volatility
QYLU.L vs. QQQY.L - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) (QYLU.L) is 5.42%, while IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) has a volatility of 7.03%. This indicates that QYLU.L experiences smaller price fluctuations and is considered to be less risky than QQQY.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 | QQQY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 7.03% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 12.93% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.32% | 15.26% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 21.99% | -6.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 21.99% | -6.34% |
QYLU.L vs. QQQY.L - Expense Ratio Comparison
Both QYLU.L and QQQY.L have an expense ratio of 0.45%.
Dividends
QYLU.L vs. QQQY.L - Dividend Comparison
QYLU.L has not paid dividends to shareholders, while QQQY.L's dividend yield for the trailing twelve months is around 74.00%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 74.00% | 120.63% | 8.51% |
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QYLU.L and QQQY.L have a correlation of 0.46, 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.
QYLU.L and QQQY.L have the same expense ratio: 0.45% per year.
They also come from different issuers: Global X and Leverage Shares.
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