WTEE.DE vs. QYLD

Last updated Jun 5, 2026

WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - WTEE.DE is a Europe Equities fund tracking the WisdomTree Europe Equity Income, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 5 years, WTEE.DE returned 12.46%/yr vs 9.44%/yr for QYLD. At a 0.08 correlation, their price movements are largely independent. WTEE.DE charges 0.29%/yr vs 0.60%/yr for QYLD.

Performance

WTEE.DE vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WTEE.DE is traded in EUR, while QYLD is traded in USD. To make them comparable, the QYLD values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WTEE.DE achieves a 13.70% return, which is significantly higher than QYLD's 9.11% return.

WTEE.DE

• 1D: -0.26%
• 1M: 1.18%
• YTD: 13.70%
• 6M: 16.39%
• 1Y: 25.85%
• 3Y*: 17.15%
• 5Y*: 12.46%
• 10Y*: —

QYLD

• 1D: -0.14%
• 1M: 2.08%
• YTD: 9.11%
• 6M: 10.20%
• 1Y: 21.62%
• 3Y*: 10.74%
• 5Y*: 9.44%
• 10Y*: 9.56%

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

WTEE.DE vs. QYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WTEE.DE WisdomTree Europe Equity Income UCITS ETF	13.70%	28.40%	2.20%	15.07%	0.05%	18.73%	6.60%
QYLD Global X NASDAQ 100 Covered Call ETF	9.11%	-3.68%	27.23%	19.09%	-14.06%	18.67%	6.70%

Correlation

The correlation between WTEE.DE and QYLD is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020	0.08

Return for Risk

WTEE.DE vs. QYLD — Risk / Return Rank

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

WTEE.DE

WTEE.DE Risk / Return Rank: 74
WTEE.DE Sharpe Ratio Rank: 74
WTEE.DE Sortino Ratio Rank: 71
WTEE.DE Omega Ratio Rank: 73
WTEE.DE Calmar Ratio Rank: 76
WTEE.DE Martin Ratio Rank: 78

QYLD

QYLD Risk / Return Rank: 89
QYLD Sharpe Ratio Rank: 86
QYLD Sortino Ratio Rank: 87
QYLD Omega Ratio Rank: 92
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 94

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.

WTEE.DE vs. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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.

	WTEE.DE	QYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.19	+0.16
Sortino ratio: Return per unit of downside risk	3.17	2.96	+0.21
Omega ratio: Gain probability vs. loss probability	1.43	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	3.80	4.99	-1.19
Martin ratio: Return relative to average drawdown	14.72	16.86	-2.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTEE.DE vs. QYLD - Sharpe Ratio Comparison

The current WTEE.DE Sharpe Ratio is 2.35, which is comparable to the QYLD Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of WTEE.DE and QYLD, 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

	WTEE.DE	QYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.19	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.62	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.62	+0.46

Drawdowns

WTEE.DE vs. QYLD - Drawdown Comparison

The maximum WTEE.DE drawdown since its inception was -16.45%, smaller than the maximum QYLD drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for WTEE.DE and QYLD.

Drawdown Indicators

	WTEE.DE	QYLD	Difference
Max Drawdown Largest peak-to-trough decline	-16.45%	-27.40%	+10.95%
Max Drawdown (1Y) Largest decline over 1 year	-6.78%	-4.35%	-2.43%
Max Drawdown (3Y) Largest decline over 3 years	-14.12%	-23.12%	+9.00%
Max Drawdown (5Y) Largest decline over 5 years	-16.45%	-23.12%	+6.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.40%	—
Current Drawdown Current decline from peak	-1.96%	-0.14%	-1.82%
Average Drawdown Average peak-to-trough decline	-2.65%	-4.79%	+2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	1.29%	+0.46%

Volatility

WTEE.DE vs. QYLD - Volatility Comparison

WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) has a higher volatility of 3.73% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.61%. This indicates that WTEE.DE's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTEE.DE	QYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	1.61%	+2.12%
Volatility (6M) Calculated over the trailing 6-month period	8.73%	7.28%	+1.45%
Volatility (1Y) Calculated over the trailing 1-year period	10.94%	9.91%	+1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.50%	15.38%	-0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	16.63%	-1.64%

WTEE.DE vs. QYLD - Expense Ratio Comparison

WTEE.DE has a 0.29% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

WTEE.DE vs. QYLD - Dividend Comparison

WTEE.DE's dividend yield for the trailing twelve months is around 4.55%, less than QYLD's 11.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QYLD Global X NASDAQ 100 Covered Call ETF	11.46%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%
WTEE.DE WisdomTree Europe Equity Income UCITS ETF	4.55%	5.37%	6.81%	5.61%	5.35%	4.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTEE.DE and QYLD in my portfolio?

WTEE.DE and QYLD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WTEE.DE or QYLD?

On fees, WTEE.DE 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, WTEE.DE or QYLD?

WTEE.DE is cheaper with a 0.29% expense ratio, compared with 0.60% for QYLD.

What is the main difference between WTEE.DE and QYLD?

WTEE.DE is categorized as Europe Equities, while QYLD is Nasdaq-100. WTEE.DE tracks WisdomTree Europe Equity Income, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.29% for WTEE.DE and 0.60% for QYLD.