SPYT.DE vs. QYLD
SPYT.DE (SPDR MSCI Europe Communication Services UCITS ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - SPYT.DE is a Communications Equities fund tracking the MSCI Europe Communication Services 20/35 Capped, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 10 years, SPYT.DE returned 1.47%/yr vs 9.56%/yr for QYLD. At a 0.25 correlation, their price movements are largely independent. SPYT.DE charges 0.18%/yr vs 0.60%/yr for QYLD.
Performance
SPYT.DE vs. QYLD - Performance Comparison
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Different Trading Currencies
SPYT.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, SPYT.DE achieves a 3.11% return, which is significantly lower than QYLD's 9.11% return. Over the past 10 years, SPYT.DE has underperformed QYLD with an annualized return of 1.47%, while QYLD has yielded a comparatively higher 9.56% annualized return.
SPYT.DE
- 1D
- -0.08%
- 1M
- 2.62%
- YTD
- 3.11%
- 6M
- 5.27%
- 1Y
- -7.75%
- 3Y*
- 10.29%
- 5Y*
- 5.43%
- 10Y*
- 1.47%
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%
SPYT.DE vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF | 3.11% | 7.33% | 14.79% | 14.90% | -11.90% | 13.68% | -12.90% | 5.78% | -9.57% | 2.27% |
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 SPYT.DE and QYLD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2013 | 0.25 |
The correlation between SPYT.DE and QYLD shifts across timeframes, from 0.11 (3 years) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYT.DE vs. QYLD — Risk / Return Rank
SPYT.DE
QYLD
SPYT.DE vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Communication Services UCITS ETF (SPYT.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.
| SPYT.DE | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.43 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 4.99 | -5.50 |
| Martin ratioReturn relative to average drawdown | -0.97 | 16.86 | -17.83 |
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
| SPYT.DE | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 2.19 | -2.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.62 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.58 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.62 | -0.39 |
Drawdowns
SPYT.DE vs. QYLD - Drawdown Comparison
The maximum SPYT.DE drawdown since its inception was -49.63%, which is greater than QYLD's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for SPYT.DE and QYLD.
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Drawdown Indicators
| SPYT.DE | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -27.40% | -22.23% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -4.35% | -10.63% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -23.12% | +8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.35% | -23.12% | +2.77% |
Max Drawdown (10Y)Largest decline over 10 years | -40.09% | -27.40% | -12.69% |
Current DrawdownCurrent decline from peak | -8.46% | -0.14% | -8.32% |
Average DrawdownAverage peak-to-trough decline | -18.83% | -4.79% | -14.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.65% | 1.29% | +6.36% |
Volatility
SPYT.DE vs. QYLD - Volatility Comparison
SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) has a higher volatility of 4.21% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.61%. This indicates that SPYT.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
| SPYT.DE | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 1.61% | +2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 7.28% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 9.91% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 15.38% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 16.63% | -0.96% |
SPYT.DE vs. QYLD - Expense Ratio Comparison
SPYT.DE has a 0.18% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Dividends
SPYT.DE vs. QYLD - Dividend Comparison
SPYT.DE has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.46%.
| 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% |
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYT.DE and QYLD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYT.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYT.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for QYLD.
SPYT.DE is categorized as Communications Equities, while QYLD is Nasdaq-100. SPYT.DE tracks MSCI Europe Communication Services 20/35 Capped, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: State Street and Global X. Their fees differ too: 0.18% for SPYT.DE and 0.60% for QYLD.
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