TSLI.L vs. QYLD.L
TSLI.L (IncomeShares Tesla TSLA Options ETP) and QYLD.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist)) are both exchange-traded funds - TSLI.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. TSLI.L is actively managed, while QYLD.L is passively managed. Over the past year, TSLI.L returned -2.82% vs 16.76% for QYLD.L. At a 0.44 correlation, their price movements are largely independent. TSLI.L charges 0.55%/yr vs 0.45%/yr for QYLD.L.
Performance
TSLI.L vs. QYLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, TSLI.L achieves a -26.31% return, which is significantly lower than QYLD.L's 5.27% return.
TSLI.L
- 1D
- 0.00%
- 1M
- -6.45%
- 6M
- -24.19%
- YTD
- -26.31%
- 1Y
- -2.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.47%
QYLD.L
- 1D
- 0.55%
- 1M
- -2.34%
- 6M
- 5.43%
- YTD
- 5.27%
- 1Y
- 16.76%
- 3Y*
- 13.37%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.04%
TSLI.L vs. QYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLI.L IncomeShares Tesla TSLA Options ETP | -26.31% | 15.61% | 25.40% |
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 5.27% | 5.36% | 19.90% |
Correlation
The correlation between TSLI.L and QYLD.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2024 | 0.44 |
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Return for Risk
TSLI.L vs. QYLD.L — Risk / Return Rank
TSLI.L
QYLD.L
TSLI.L vs. QYLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Tesla TSLA Options ETP (TSLI.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.
| TSLI.L | QYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.34 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.56 | -3.65 |
| Martin ratioReturn relative to average drawdown | -0.16 | 15.31 | -15.47 |
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Drawdowns
TSLI.L vs. QYLD.L - Drawdown Comparison
The maximum TSLI.L drawdown since its inception was -41.20%, which is greater than QYLD.L's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for TSLI.L and QYLD.L.
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Drawdown Indicators
| TSLI.L | QYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.20% | -21.59% | -19.61% |
Max Drawdown (1Y)Largest decline over 1 year | -33.69% | -4.68% | -29.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.59% | — |
Current DrawdownCurrent decline from peak | -30.91% | -3.28% | -27.63% |
Average DrawdownAverage peak-to-trough decline | -15.10% | -2.76% | -12.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.41% | 1.09% | +16.32% |
Volatility
TSLI.L vs. QYLD.L - Volatility Comparison
IncomeShares Tesla TSLA Options ETP (TSLI.L) has a higher volatility of 13.42% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) (QYLD.L) at 5.12%. This indicates that TSLI.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
| TSLI.L | QYLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 5.12% | +8.30% |
Volatility (6M)Calculated over the trailing 6-month period | 28.13% | 8.42% | +19.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.98% | 10.02% | +27.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.08% | 16.28% | +27.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.08% | 16.28% | +27.80% |
TSLI.L vs. QYLD.L - Expense Ratio Comparison
TSLI.L has a 0.55% expense ratio, which is higher than QYLD.L's 0.45% expense ratio.
Dividends
TSLI.L vs. QYLD.L - Dividend Comparison
TSLI.L's dividend yield for the trailing twelve months is around 33.99%, more than QYLD.L's 11.79% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QYLD.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Dist) | 11.79% | 11.41% | 12.28% | 10.88% |
TSLI.L IncomeShares Tesla TSLA Options ETP | 33.99% | 55.94% | 5.04% | 0.00% |
Frequently Asked Questions
TSLI.L and QYLD.L have a correlation of 0.47, 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 TSLI.L.
TSLI.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 TSLI.L and 0.45% for QYLD.L.
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