URND.L vs. QYLU.L

Last updated Jul 16, 2026

URND.L (Global X Uranium UCITS ETF USD Distributing) and QYLU.L (Global X NASDAQ 100 Covered Call UCITS ETF) are both exchange-traded funds - URND.L is a Uranium fund tracking the Solactive Global Uranium & Nuclear Components, while QYLU.L is a Global Equities fund tracking the Global X NASDAQ 100 Covered Call UCITS ETF. Both are passively managed. Over the past 3 years, URND.L returned 27.93%/yr vs 12.61%/yr for QYLU.L. At a 0.36 correlation, their price movements are largely independent.

Performance

URND.L vs. QYLU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Uranium UCITS ETF USD Distributing (URND.L) and Global X NASDAQ 100 Covered Call UCITS ETF (QYLU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URND.L achieves a -5.27% return, which is significantly lower than QYLU.L's 8.26% return.

URND.L

• 1D: -2.42%
• 1M: -16.21%
• 6M: -22.59%
• YTD: -5.27%
• 1Y: 9.07%
• 3Y*: 27.93%
• 5Y*: —
• 10Y*: —

QYLU.L

• 1D: 0.31%
• 1M: 0.67%
• 6M: 6.41%
• YTD: 8.26%
• 1Y: 20.12%
• 3Y*: 12.61%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

URND.L vs. QYLU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
URND.L Global X Uranium UCITS ETF USD Distributing	-5.27%	58.56%	3.00%	32.59%	-2.59%
QYLU.L Global X NASDAQ 100 Covered Call UCITS ETF	8.26%	5.59%	22.94%	22.59%	-2.11%

Correlation

The correlation between URND.L and QYLU.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022	0.36

Return for Risk

URND.L vs. QYLU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

URND.L

URND.L Risk / Return Rank: 13
URND.L Sharpe Ratio Rank: 12
URND.L Sortino Ratio Rank: 15
URND.L Omega Ratio Rank: 14
URND.L Calmar Ratio Rank: 13
URND.L Martin Ratio Rank: 12

QYLU.L

QYLU.L Risk / Return Rank: 69
QYLU.L Sharpe Ratio Rank: 56
QYLU.L Sortino Ratio Rank: 58
QYLU.L Omega Ratio Rank: 58
QYLU.L Calmar Ratio Rank: 88
QYLU.L Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

URND.L vs. QYLU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Uranium UCITS ETF USD Distributing (URND.L) and Global X NASDAQ 100 Covered Call UCITS ETF (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.

	URND.L	QYLU.L	Difference
Sharpe ratio: Return per unit of total volatility	0.18	1.54	-1.36
Sortino ratio: Return per unit of downside risk	0.62	2.25	-1.63
Omega ratio: Gain probability vs. loss probability	1.07	1.29	-0.22
Calmar ratio: Return relative to maximum drawdown	0.28	4.07	-3.78
Martin ratio: Return relative to average drawdown	0.59	13.98	-13.39

URND.L vs. QYLU.L - Sharpe Ratio Comparison

The current URND.L Sharpe Ratio is 0.18, which is lower than the QYLU.L Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of URND.L and QYLU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

URND.L vs. QYLU.L - Drawdown Comparison

The maximum URND.L drawdown since its inception was -39.03%, 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 URND.L and QYLU.L.

Drawdown Indicators

	URND.L	QYLU.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.03%	-19.93%	-19.10%
Max Drawdown (1Y) Largest decline over 1 year	-32.00%	-4.97%	-27.03%
Max Drawdown (3Y) Largest decline over 3 years	-39.03%	-19.93%	-19.10%
Current Drawdown Current decline from peak	-31.31%	-0.58%	-30.73%
Average Drawdown Average peak-to-trough decline	-11.55%	-2.42%	-9.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.44%	1.45%	+13.99%

Volatility

URND.L vs. QYLU.L - Volatility Comparison

Global X Uranium UCITS ETF USD Distributing (URND.L) has a higher volatility of 10.52% compared to Global X NASDAQ 100 Covered Call UCITS ETF (QYLU.L) at 4.86%. This indicates that URND.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.

Volatility by Period

	URND.L	QYLU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.52%	4.86%	+5.66%
Volatility (6M) Calculated over the trailing 6-month period	34.40%	9.27%	+25.13%
Volatility (1Y) Calculated over the trailing 1-year period	50.28%	13.09%	+37.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.74%	15.61%	+24.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.74%	15.61%	+24.13%

Dividends

URND.L vs. QYLU.L - Dividend Comparison

URND.L's dividend yield for the trailing twelve months is around 0.16%, while QYLU.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
QYLU.L Global X NASDAQ 100 Covered Call UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%
URND.L Global X Uranium UCITS ETF USD Distributing	0.16%	0.00%	0.93%	0.00%	0.02%

Frequently Asked Questions

Can I hold both URND.L and QYLU.L in my portfolio?

URND.L and QYLU.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between URND.L and QYLU.L?

URND.L is categorized as Uranium, while QYLU.L is Global Equities. URND.L tracks Solactive Global Uranium & Nuclear Components, while QYLU.L tracks Global X NASDAQ 100 Covered Call UCITS ETF.