TSLD.L vs. QYLD.L
TSLD.L (IncomeShares Tesla TSLA Options ETP GBP) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both exchange-traded funds - TSLD.L is a Derivative Income fund actively managed by Leverage Shares, while QYLD.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. TSLD.L is actively managed, while QYLD.L is passively managed. Over the past year, TSLD.L returned 1.12% vs 15.88% for QYLD.L. At a 0.35 correlation, their price movements are largely independent. TSLD.L charges 0.55%/yr vs 0.45%/yr for QYLD.L.
Performance
TSLD.L vs. QYLD.L - Performance Comparison
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Different Trading Currencies
TSLD.L is traded in GBp, while QYLD.L is traded in USD. To make them comparable, the QYLD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, TSLD.L achieves a -24.31% return, which is significantly lower than QYLD.L's 4.85% return.
TSLD.L
- 1D
- 0.00%
- 1M
- -4.26%
- 6M
- -22.93%
- YTD
- -24.31%
- 1Y
- 1.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLD.L
- 1D
- -1.99%
- 1M
- -3.73%
- 6M
- 3.25%
- YTD
- 4.85%
- 1Y
- 15.88%
- 3Y*
- 10.74%
- 5Y*
- —
- 10Y*
- —
TSLD.L vs. QYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLD.L IncomeShares Tesla TSLA Options ETP GBP | -24.31% | 7.88% | -8.70% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 4.85% | -2.14% | 16.58% |
Correlation
The correlation between TSLD.L and QYLD.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2024 | 0.35 |
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Return for Risk
TSLD.L vs. QYLD.L — Risk / Return Rank
TSLD.L
QYLD.L
TSLD.L vs. QYLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Tesla TSLA Options ETP GBP (TSLD.L) and Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.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.
| TSLD.L | QYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.28 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 3.39 | -3.37 |
| Martin ratioReturn relative to average drawdown | 0.04 | 11.47 | -11.43 |
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Drawdowns
TSLD.L vs. QYLD.L - Drawdown Comparison
The maximum TSLD.L drawdown since its inception was -45.93%, which is greater than QYLD.L's maximum drawdown of -24.76%. Use the drawdown chart below to compare losses from any high point for TSLD.L and QYLD.L.
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Drawdown Indicators
| TSLD.L | QYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.93% | -24.76% | -21.17% |
Max Drawdown (1Y)Largest decline over 1 year | -44.39% | -4.66% | -39.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.76% | — |
Current DrawdownCurrent decline from peak | -40.74% | -4.66% | -36.08% |
Average DrawdownAverage peak-to-trough decline | -26.40% | -5.50% | -20.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.87% | 1.37% | +26.50% |
Volatility
TSLD.L vs. QYLD.L - Volatility Comparison
IncomeShares Tesla TSLA Options ETP GBP (TSLD.L) has a higher volatility of 12.96% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) at 5.02%. This indicates that TSLD.L's price experiences larger fluctuations and is considered to be riskier than QYLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLD.L | QYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.96% | 5.02% | +7.94% |
Volatility (6M)Calculated over the trailing 6-month period | 26.25% | 8.81% | +17.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.59% | 10.67% | +43.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.31% | 16.77% | +37.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.31% | 16.77% | +37.54% |
TSLD.L vs. QYLD.L - Expense Ratio Comparison
TSLD.L has a 0.55% expense ratio, which is higher than QYLD.L's 0.45% expense ratio.
Dividends
TSLD.L vs. QYLD.L - Dividend Comparison
TSLD.L's dividend yield for the trailing twelve months is around 33.21%, more than QYLD.L's 11.85% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 11.85% | 11.41% | 12.28% | 10.88% |
TSLD.L IncomeShares Tesla TSLA Options ETP GBP | 33.21% | 58.23% | 4.88% | 0.00% |
Frequently Asked Questions
TSLD.L and QYLD.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QYLD.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QYLD.L is cheaper with a 0.45% expense ratio, compared with 0.55% for TSLD.L.
TSLD.L is categorized as Derivative Income, while QYLD.L is Nasdaq-100. They also come from different issuers: Leverage Shares and Global X. Their fees differ too: 0.55% for TSLD.L and 0.45% for QYLD.L.
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