QYLU.L vs. SPXS.L
QYLU.L (Global X NASDAQ 100 Covered Call UCITS ETF) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - QYLU.L tracks the Global X NASDAQ 100 Covered Call UCITS ETF while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 3 years, QYLU.L returned 12.61%/yr vs -74.11%/yr for SPXS.L. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
QYLU.L vs. SPXS.L - Performance Comparison
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Returns By Period
In the year-to-date period, QYLU.L achieves a 8.26% return, which is significantly lower than SPXS.L's 10.20% return.
QYLU.L
- 1D
- 0.31%
- 1M
- 0.67%
- 6M
- 6.41%
- YTD
- 8.26%
- 1Y
- 20.12%
- 3Y*
- 12.61%
- 5Y*
- —
- 10Y*
- —
SPXS.L
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 9.96%
- YTD
- 10.20%
- 1Y
- -98.78%
- 3Y*
- -74.11%
- 5Y*
- -54.94%
- 10Y*
- -27.39%
QYLU.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QYLU.L Global X NASDAQ 100 Covered Call UCITS ETF | 8.26% | 5.59% | 22.94% | 22.59% | -2.11% |
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -2.70% |
Correlation
The correlation between QYLU.L and SPXS.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.67 |
The correlation between QYLU.L and SPXS.L shifts across timeframes, from 0.52 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QYLU.L vs. SPXS.L — Risk / Return Rank
QYLU.L
SPXS.L
QYLU.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call UCITS ETF (QYLU.L) and Invesco S&P 500 UCITS ETF (SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.52 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | -1.00 | +5.06 |
| Martin ratioReturn relative to average drawdown | 13.98 | -1.23 | +15.21 |
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Drawdowns
QYLU.L vs. SPXS.L - Drawdown Comparison
The maximum QYLU.L drawdown since its inception was -19.93%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for QYLU.L and SPXS.L.
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Drawdown Indicators
| QYLU.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -99.07% | +79.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -99.07% | +94.10% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -99.07% | +79.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -0.58% | -98.90% | +98.32% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -7.67% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 80.57% | -79.12% |
Volatility
QYLU.L vs. SPXS.L - Volatility Comparison
Global X NASDAQ 100 Covered Call UCITS ETF (QYLU.L) has a higher volatility of 4.86% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.73%. This indicates that QYLU.L's price experiences larger fluctuations and is considered to be riskier than SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 2.73% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 9.24% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 99.43% | -86.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 47.13% | -31.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.61% | 35.27% | -19.66% |
Dividends
QYLU.L vs. SPXS.L - Dividend Comparison
Neither QYLU.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
QYLU.L and SPXS.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QYLU.L tracks Global X NASDAQ 100 Covered Call UCITS ETF, while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: Global X and Invesco.
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