VHYL.AS vs. QYLE.DE

Last updated Jun 5, 2026

VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) and QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) are both exchange-traded funds - VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index, while QYLE.DE is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite. Both are passively managed. Over the past 3 years, VHYL.AS returned 15.90%/yr vs 12.74%/yr for QYLE.DE. At a 0.41 correlation, their price movements are largely independent. VHYL.AS charges 0.29%/yr vs 0.45%/yr for QYLE.DE.

Performance

VHYL.AS vs. QYLE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) and Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VHYL.AS achieves a 12.61% return, which is significantly higher than QYLE.DE's 6.53% return.

VHYL.AS

• 1D: 0.20%
• 1M: 3.45%
• YTD: 12.61%
• 6M: 14.16%
• 1Y: 25.03%
• 3Y*: 15.90%
• 5Y*: 11.50%
• 10Y*: 9.66%

QYLE.DE

• 1D: -1.00%
• 1M: 2.37%
• YTD: 6.53%
• 6M: 7.35%
• 1Y: 16.23%
• 3Y*: 12.74%
• 5Y*: —
• 10Y*: —

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

VHYL.AS vs. QYLE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	12.61%	12.40%	16.77%	7.02%	-3.71%
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D	6.53%	-7.62%	37.36%	30.02%	-5.59%

Correlation

The correlation between VHYL.AS and QYLE.DE 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 (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since Nov 24, 2022	0.41

Return for Risk

VHYL.AS vs. QYLE.DE — Risk / Return Rank

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

VHYL.AS

VHYL.AS Risk / Return Rank: 83
VHYL.AS Sharpe Ratio Rank: 84
VHYL.AS Sortino Ratio Rank: 86
VHYL.AS Omega Ratio Rank: 84
VHYL.AS Calmar Ratio Rank: 81
VHYL.AS Martin Ratio Rank: 81

QYLE.DE

QYLE.DE Risk / Return Rank: 57
QYLE.DE Sharpe Ratio Rank: 50
QYLE.DE Sortino Ratio Rank: 49
QYLE.DE Omega Ratio Rank: 49
QYLE.DE Calmar Ratio Rank: 78
QYLE.DE Martin Ratio Rank: 60

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.

VHYL.AS vs. QYLE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) and Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE). 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.

	VHYL.AS	QYLE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.71	1.68	+1.03
Sortino ratio: Return per unit of downside risk	3.81	2.35	+1.46
Omega ratio: Gain probability vs. loss probability	1.51	1.30	+0.20
Calmar ratio: Return relative to maximum drawdown	4.17	3.87	+0.29
Martin ratio: Return relative to average drawdown	15.90	10.46	+5.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VHYL.AS vs. QYLE.DE - Sharpe Ratio Comparison

The current VHYL.AS Sharpe Ratio is 2.71, which is higher than the QYLE.DE Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of VHYL.AS and QYLE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VHYL.AS	QYLE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	1.68	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.16	-0.50

Drawdowns

VHYL.AS vs. QYLE.DE - Drawdown Comparison

The maximum VHYL.AS drawdown since its inception was -34.08%, which is greater than QYLE.DE's maximum drawdown of -24.06%. Use the drawdown chart below to compare losses from any high point for VHYL.AS and QYLE.DE.

Drawdown Indicators

	VHYL.AS	QYLE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.08%	-24.06%	-10.02%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-4.17%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	-16.76%	-24.06%	+7.30%
Max Drawdown (5Y) Largest decline over 5 years	-16.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.08%	—	—
Current Drawdown Current decline from peak	-0.24%	-5.04%	+4.80%
Average Drawdown Average peak-to-trough decline	-4.34%	-5.68%	+1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	1.55%	+0.01%

Volatility

VHYL.AS vs. QYLE.DE - Volatility Comparison

Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) and Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) have volatilities of 2.22% and 2.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHYL.AS	QYLE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	2.32%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	6.14%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	9.10%	9.63%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.57%	13.25%	-1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.59%	13.25%	+0.34%

VHYL.AS vs. QYLE.DE - Expense Ratio Comparison

VHYL.AS has a 0.29% expense ratio, which is lower than QYLE.DE's 0.45% expense ratio.

Dividends

VHYL.AS vs. QYLE.DE - Dividend Comparison

VHYL.AS's dividend yield for the trailing twelve months is around 2.49%, less than QYLE.DE's 8.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D	8.84%	10.67%	15.00%	20.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	2.49%	2.85%	3.03%	3.40%	3.78%	3.03%	3.08%	3.24%	3.68%	3.13%	3.02%	3.25%

Frequently Asked Questions

Can I hold both VHYL.AS and QYLE.DE in my portfolio?

VHYL.AS and QYLE.DE 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.

Which ETF is better, VHYL.AS or QYLE.DE?

On fees, VHYL.AS is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VHYL.AS or QYLE.DE?

VHYL.AS is cheaper with a 0.29% expense ratio, compared with 0.45% for QYLE.DE.

What is the main difference between VHYL.AS and QYLE.DE?

VHYL.AS is categorized as Global Equities, while QYLE.DE is Nasdaq-100. VHYL.AS tracks FTSE All-World High Dividend Yield Index, while QYLE.DE tracks Cboe Nasdaq-100 BuyWrite. They also come from different issuers: Vanguard and Global X. Their fees differ too: 0.29% for VHYL.AS and 0.45% for QYLE.DE.