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SPY5.DE vs. QYLD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPY5.DE vs. QYLD

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P 500 UCITS ETF (SPY5.DE) and Global X NASDAQ 100 Covered Call ETF (QYLD).

SPY5.DE and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPY5.DE is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Mar 19, 2012. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. Both SPY5.DE and QYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPY5.DE vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P 500 UCITS ETF (SPY5.DE) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

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SPY5.DE vs. QYLD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPY5.DE
SPDR S&P 500 UCITS ETF		-2.99%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		2.15%-3.68%27.23%19.09%-14.06%18.67%-0.24%25.47%1.48%4.19%
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 -2.99% return, which is significantly lower than QYLD's 2.15% return. Over the past 10 years, SPY5.DE has outperformed QYLD with an annualized return of 13.83%, while QYLD has yielded a comparatively lower 8.79% annualized return.

SPY5.DE

1D
1.71%
1M
-3.09%
YTD
-2.99%
6M
0.08%
1Y
10.22%
3Y*
16.10%
5Y*
12.10%
10Y*
13.83%

QYLD

1D
0.48%
1M
-0.07%
YTD
2.15%
6M
8.98%
1Y
8.57%
3Y*
10.77%
5Y*
7.39%
10Y*
8.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P 500 UCITS ETF

Global X NASDAQ 100 Covered Call ETF

Often compared with SPY5.DE:
SPY5.DE vs. SXR8.DESPY5.DE vs. SPYL.DESPY5.DE vs. SPY5.LSPY5.DE vs. VUSA.ASSPY5.DE vs. SPPY.DESPY5.DE vs. VUAA.LSPY5.DE vs. P500.DE
Often compared with QYLD:
QYLD vs. JEPQQYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLG

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.

QYLD
Global X NASDAQ 100 Covered Call ETF
SPY5.DE
SPDR S&P 500 UCITS ETF

Return for Risk

SPY5.DE vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPY5.DE
SPY5.DE Risk / Return Rank: 3636
Overall Rank
SPY5.DE Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
SPY5.DE Sortino Ratio Rank: 2929
Sortino Ratio Rank
SPY5.DE Omega Ratio Rank: 3131
Omega Ratio Rank
SPY5.DE Calmar Ratio Rank: 4444
Calmar Ratio Rank
SPY5.DE Martin Ratio Rank: 4545
Martin Ratio Rank
QYLD
QYLD Risk / Return Rank: 6868
Overall Rank
QYLD Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 6161
Sortino Ratio Rank
QYLD Omega Ratio Rank: 7979
Omega Ratio Rank
QYLD Calmar Ratio Rank: 5959
Calmar Ratio Rank
QYLD Martin Ratio Rank: 8585
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.DEQYLDDifference

Sharpe ratio

Return per unit of total volatility

0.59

0.46

+0.14

Sortino ratio

Return per unit of downside risk

0.90

0.77

+0.13

Omega ratio

Gain probability vs. loss probability

1.13

1.13

0.00

Calmar ratio

Return relative to maximum drawdown

1.20

0.79

+0.40

Martin ratio

Return relative to average drawdown

4.39

2.60

+1.79

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPY5.DE vs. QYLD - Sharpe Ratio Comparison

The current SPY5.DE Sharpe Ratio is 0.59, which is comparable to the QYLD Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of SPY5.DE and QYLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SPY5.DEQYLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.59

0.46

+0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.79

0.48

+0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

0.53

+0.32

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

0.59

+0.32

Correlation

The correlation between SPY5.DE and QYLD is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPY5.DE vs. QYLD - Dividend Comparison

SPY5.DE's dividend yield for the trailing twelve months is around 1.02%, less than QYLD's 11.85% yield.

TTM20252024202320222021202020192018201720162015
SPY5.DE
SPDR S&P 500 UCITS ETF		1.02%0.99%1.03%1.22%1.42%0.95%1.37%1.74%3.30%1.59%1.57%1.69%
QYLD
Global X NASDAQ 100 Covered Call ETF		11.85%11.55%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%

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.DEQYLDDifference

Max Drawdown

Largest peak-to-trough decline

-33.86%

-24.75%

-9.11%

Max Drawdown (1Y)

Largest decline over 1 year

-13.49%

-10.84%

-2.65%

Max Drawdown (5Y)

Largest decline over 5 years

-23.34%

-24.61%

+1.27%

Max Drawdown (10Y)

Largest decline over 10 years

-33.86%

-24.75%

-9.11%

Current Drawdown

Current decline from peak

-5.19%

-1.84%

-3.35%

Average Drawdown

Average peak-to-trough decline

-3.99%

-3.89%

-0.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

1.65%

+0.68%

Volatility

SPY5.DE vs. QYLD - Volatility Comparison

The current volatility for SPDR S&P 500 UCITS ETF (SPY5.DE) is 3.80%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 4.06%. This indicates that SPY5.DE experiences smaller price fluctuations and is considered to be less risky 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.DEQYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.80%

4.06%

-0.26%

Volatility (6M)

Calculated over the trailing 6-month period

8.58%

8.10%

+0.48%

Volatility (1Y)

Calculated over the trailing 1-year period

17.17%

18.78%

-1.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.21%

15.48%

-0.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.12%

16.68%

-0.56%