TSLI.L vs. QYLU.L
TSLI.L (IncomeShares Tesla TSLA Options ETP) and QYLU.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)) are both exchange-traded funds - TSLI.L is a Derivative Income fund actively managed by Leverage Shares, while QYLU.L is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. TSLI.L is actively managed, while QYLU.L is passively managed. Over the past year, TSLI.L returned -2.82% vs 16.70% for QYLU.L. At a 0.44 correlation, their price movements are largely independent. TSLI.L charges 0.55%/yr vs 0.45%/yr for QYLU.L.
Performance
TSLI.L vs. QYLU.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 QYLU.L's 5.42% 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%
QYLU.L
- 1D
- 0.53%
- 1M
- -2.35%
- 6M
- 5.51%
- YTD
- 5.42%
- 1Y
- 16.70%
- 3Y*
- 11.60%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.52%
TSLI.L vs. QYLU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLI.L IncomeShares Tesla TSLA Options ETP | -26.31% | 15.61% | 25.40% |
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 5.42% | 5.59% | 17.82% |
Correlation
The correlation between TSLI.L and QYLU.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
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. QYLU.L — Risk / Return Rank
TSLI.L
QYLU.L
TSLI.L vs. QYLU.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 (Acc) (QYLU.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 | QYLU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.24 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.35 | -3.43 |
| Martin ratioReturn relative to average drawdown | -0.16 | 11.25 | -11.41 |
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Drawdowns
TSLI.L vs. QYLU.L - Drawdown Comparison
The maximum TSLI.L drawdown since its inception was -41.20%, which is greater than QYLU.L's maximum drawdown of -19.93%. Use the drawdown chart below to compare losses from any high point for TSLI.L and QYLU.L.
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Drawdown Indicators
| TSLI.L | QYLU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.20% | -19.93% | -21.27% |
Max Drawdown (1Y)Largest decline over 1 year | -33.69% | -4.97% | -28.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.93% | — |
Current DrawdownCurrent decline from peak | -30.91% | -3.19% | -27.72% |
Average DrawdownAverage peak-to-trough decline | -15.10% | -2.43% | -12.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.41% | 1.48% | +15.93% |
Volatility
TSLI.L vs. QYLU.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 (Acc) (QYLU.L) at 5.44%. This indicates that TSLI.L's price experiences larger fluctuations and is considered to be riskier than QYLU.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 | QYLU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 5.44% | +7.98% |
Volatility (6M)Calculated over the trailing 6-month period | 28.13% | 9.55% | +18.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.98% | 13.35% | +24.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.08% | 15.65% | +28.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.08% | 15.65% | +28.43% |
TSLI.L vs. QYLU.L - Expense Ratio Comparison
TSLI.L has a 0.55% expense ratio, which is higher than QYLU.L's 0.45% expense ratio.
Dividends
TSLI.L vs. QYLU.L - Dividend Comparison
TSLI.L's dividend yield for the trailing twelve months is around 33.99%, while QYLU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
TSLI.L IncomeShares Tesla TSLA Options ETP | 33.99% | 55.94% | 5.04% |
Frequently Asked Questions
TSLI.L and QYLU.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QYLU.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QYLU.L is cheaper with a 0.45% expense ratio, compared with 0.55% for TSLI.L.
TSLI.L is categorized as Derivative Income, while QYLU.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 QYLU.L.
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