QYLU.L vs. VPAC.L
QYLU.L (Global X NASDAQ 100 Covered Call UCITS ETF) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD) are both Global Equities funds - QYLU.L tracks the Global X NASDAQ 100 Covered Call UCITS ETF while VPAC.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF USD. Both are passively managed. Over the past 3 years, QYLU.L returned 12.61%/yr vs 8.42%/yr for VPAC.L. At a 0.30 correlation, their price movements are largely independent.
Performance
QYLU.L vs. VPAC.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 higher than VPAC.L's 2.04% return.
QYLU.L
- 1D
- 0.31%
- 1M
- 0.67%
- 6M
- 6.41%
- YTD
- 8.26%
- 1Y
- 20.12%
- 3Y*
- 12.61%
- 5Y*
- —
- 10Y*
- —
VPAC.L
- 1D
- -0.12%
- 1M
- 0.03%
- 6M
- 1.83%
- YTD
- 2.04%
- 1Y
- 5.32%
- 3Y*
- 8.42%
- 5Y*
- 3.51%
- 10Y*
- —
QYLU.L vs. VPAC.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% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD | 2.04% | 6.34% | 10.84% | 9.27% | 0.74% |
Correlation
The correlation between QYLU.L and VPAC.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.30 |
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Return for Risk
QYLU.L vs. VPAC.L — Risk / Return Rank
QYLU.L
VPAC.L
QYLU.L vs. VPAC.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 Variable Rate Preferred Shares UCITS ETF USD (VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 2.54 | +1.52 |
| Martin ratioReturn relative to average drawdown | 13.98 | 9.98 | +4.00 |
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Drawdowns
QYLU.L vs. VPAC.L - Drawdown Comparison
The maximum QYLU.L drawdown since its inception was -19.93%, smaller than the maximum VPAC.L drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for QYLU.L and VPAC.L.
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Drawdown Indicators
| QYLU.L | VPAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -34.25% | +14.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -2.02% | -2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -3.40% | -16.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.89% | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.33% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -3.14% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 0.52% | +0.93% |
Volatility
QYLU.L vs. VPAC.L - Volatility Comparison
Global X NASDAQ 100 Covered Call UCITS ETF (QYLU.L) has a higher volatility of 4.86% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.L) at 0.74%. This indicates that QYLU.L's price experiences larger fluctuations and is considered to be riskier than VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 0.74% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 2.28% | +6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 3.17% | +9.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 5.30% | +10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.61% | 11.00% | +4.61% |
Dividends
QYLU.L vs. VPAC.L - Dividend Comparison
Neither QYLU.L nor VPAC.L has paid dividends to shareholders.
Frequently Asked Questions
QYLU.L and VPAC.L have a correlation of 0.37, 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 VPAC.L tracks Invesco Variable Rate Preferred Shares UCITS ETF USD. They also come from different issuers: Global X and Invesco.
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