SPYW.DE vs. QYLD
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 10 years, SPYW.DE returned 7.13%/yr vs 9.40%/yr for QYLD. At a 0.25 correlation, their price movements are largely independent. SPYW.DE charges 0.30%/yr vs 0.60%/yr for QYLD.
Performance
SPYW.DE vs. QYLD - Performance Comparison
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Different Trading Currencies
SPYW.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, SPYW.DE achieves a 6.28% return, which is significantly lower than QYLD's 8.10% return. Over the past 10 years, SPYW.DE has underperformed QYLD with an annualized return of 7.13%, while QYLD has yielded a comparatively higher 9.40% annualized return.
SPYW.DE
- 1D
- 0.52%
- 1M
- 0.94%
- YTD
- 6.28%
- 6M
- 8.54%
- 1Y
- 8.48%
- 3Y*
- 13.79%
- 5Y*
- 8.16%
- 10Y*
- 7.13%
QYLD
- 1D
- -0.82%
- 1M
- 1.55%
- YTD
- 8.10%
- 6M
- 8.87%
- 1Y
- 20.03%
- 3Y*
- 10.49%
- 5Y*
- 9.19%
- 10Y*
- 9.40%
SPYW.DE vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 6.28% | 20.21% | 8.31% | 17.92% | -11.22% | 14.38% | -11.88% | 23.33% | -8.56% | 11.23% |
QYLD Global X NASDAQ 100 Covered Call ETF | 8.10% | -3.68% | 27.23% | 19.09% | -14.06% | 18.67% | -0.24% | 25.47% | 1.48% | 4.19% |
Correlation
The correlation between SPYW.DE and QYLD is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.25 |
The correlation between SPYW.DE and QYLD shifts across timeframes, from 0.06 (3 years) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYW.DE vs. QYLD — Risk / Return Rank
SPYW.DE
QYLD
SPYW.DE vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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.
| SPYW.DE | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.39 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 4.62 | -3.56 |
| Martin ratioReturn relative to average drawdown | 3.45 | 15.57 | -12.13 |
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
| SPYW.DE | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.02 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.60 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.57 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.61 | -0.07 |
Drawdowns
SPYW.DE vs. QYLD - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.67%, which is greater than QYLD's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and QYLD.
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Drawdown Indicators
| SPYW.DE | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.67% | -27.40% | -11.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -4.35% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -23.12% | +11.48% |
Max Drawdown (5Y)Largest decline over 5 years | -23.99% | -23.12% | -0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -38.67% | -27.40% | -11.27% |
Current DrawdownCurrent decline from peak | -1.71% | -1.06% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -4.78% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 1.29% | +1.16% |
Volatility
SPYW.DE vs. QYLD - Volatility Comparison
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a higher volatility of 2.74% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.28%. This indicates that SPYW.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
| SPYW.DE | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 2.28% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 7.45% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 9.98% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 15.40% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 16.65% | -1.79% |
SPYW.DE vs. QYLD - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Dividends
SPYW.DE vs. QYLD - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.57%, less than QYLD's 11.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.64% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.57% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
Frequently Asked Questions
SPYW.DE and QYLD have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYW.DE is cheaper with a 0.30% expense ratio, compared with 0.60% for QYLD.
SPYW.DE is categorized as Europe Equities, while QYLD is Nasdaq-100. SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: State Street and Global X. Their fees differ too: 0.30% for SPYW.DE and 0.60% for QYLD.
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