SPY5.DE vs. QYLD
SPY5.DE (SPDR S&P 500 UCITS ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - SPY5.DE is a S&P 500 fund tracking the S&P 500 Index, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 10 years, SPY5.DE returned 15.13%/yr vs 9.56%/yr for QYLD. A 0.53 correlation means they provide meaningful diversification when combined. SPY5.DE charges 0.03%/yr vs 0.60%/yr for QYLD.
Performance
SPY5.DE vs. QYLD - Performance Comparison
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Different Trading Currencies
SPY5.DE is traded in EUR, while QYLD is traded in USD. To make them comparable, the QYLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPY5.DE achieves a 11.39% return, which is significantly higher than QYLD's 9.11% return. Over the past 10 years, SPY5.DE has outperformed QYLD with an annualized return of 15.13%, while QYLD has yielded a comparatively lower 9.56% annualized return.
SPY5.DE
- 1D
- -0.13%
- 1M
- 5.22%
- YTD
- 11.39%
- 6M
- 11.43%
- 1Y
- 25.61%
- 3Y*
- 18.89%
- 5Y*
- 14.76%
- 10Y*
- 15.13%
QYLD
- 1D
- -0.14%
- 1M
- 2.08%
- YTD
- 9.11%
- 6M
- 10.20%
- 1Y
- 21.62%
- 3Y*
- 10.74%
- 5Y*
- 9.44%
- 10Y*
- 9.56%
SPY5.DE vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPY5.DE SPDR S&P 500 UCITS ETF | 11.39% | 4.75% | 32.36% | 22.42% | -14.24% | 40.60% | 6.73% | 34.93% | 0.25% | 6.69% |
QYLD Global X NASDAQ 100 Covered Call ETF | 9.11% | -3.68% | 27.23% | 19.09% | -14.06% | 18.67% | -0.24% | 25.47% | 1.48% | 4.19% |
Correlation
The correlation between SPY5.DE and QYLD is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2013 | 0.53 |
The correlation between SPY5.DE and QYLD has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
SPY5.DE vs. QYLD — Risk / Return Rank
SPY5.DE
QYLD
SPY5.DE vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF (SPY5.DE) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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.
| SPY5.DE | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 4.99 | -1.42 |
| Martin ratioReturn relative to average drawdown | 12.77 | 16.86 | -4.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPY5.DE | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 2.19 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.62 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.58 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.62 | +0.35 |
Drawdowns
SPY5.DE vs. QYLD - Drawdown Comparison
The maximum SPY5.DE drawdown since its inception was -33.86%, which is greater than QYLD's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for SPY5.DE and QYLD.
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Drawdown Indicators
| SPY5.DE | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.86% | -27.40% | -6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -4.35% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | -23.12% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -23.12% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -33.86% | -27.40% | -6.46% |
Current DrawdownCurrent decline from peak | -0.44% | -0.14% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -4.79% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 1.29% | +0.71% |
Volatility
SPY5.DE vs. QYLD - Volatility Comparison
SPDR S&P 500 UCITS ETF (SPY5.DE) has a higher volatility of 2.66% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.61%. This indicates that SPY5.DE's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY5.DE | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 1.61% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.54% | 7.28% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.51% | 9.91% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 15.38% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 16.63% | -0.56% |
SPY5.DE vs. QYLD - Expense Ratio Comparison
SPY5.DE has a 0.03% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Dividends
SPY5.DE vs. QYLD - Dividend Comparison
SPY5.DE's dividend yield for the trailing twelve months is around 0.89%, less than QYLD's 11.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.46% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
SPY5.DE SPDR S&P 500 UCITS ETF | 0.89% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.74% | 3.30% | 1.59% | 1.57% | 1.69% |
Frequently Asked Questions
SPY5.DE and QYLD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.60% for QYLD.
SPY5.DE is categorized as S&P 500, while QYLD is Nasdaq-100. SPY5.DE tracks S&P 500 Index, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: State Street and Global X. Their fees differ too: 0.03% for SPY5.DE and 0.60% for QYLD.
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