XEON.DE vs. QYLE.DE
XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) and QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) are both exchange-traded funds - XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index, while QYLE.DE is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite. Both are passively managed. Over the past 3 years, XEON.DE returned 2.99%/yr vs 12.74%/yr for QYLE.DE. At a 0.01 correlation, their price movements are largely independent. XEON.DE charges 0.10%/yr vs 0.45%/yr for QYLE.DE.
Performance
XEON.DE vs. QYLE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XEON.DE achieves a 0.80% return, which is significantly lower than QYLE.DE's 6.53% return.
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.95%
- 1Y
- 1.95%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.58%
- YTD
- 6.53%
- 6M
- 7.45%
- 1Y
- 16.40%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
XEON.DE vs. QYLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | 0.16% |
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 XEON.DE and QYLE.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2022 | 0.01 |
The correlation between XEON.DE and QYLE.DE shifts across timeframes, from -0.11 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XEON.DE vs. QYLE.DE — Risk / Return Rank
XEON.DE
QYLE.DE
XEON.DE vs. QYLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) 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.
| XEON.DE | QYLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.26 | ||
| Sortino ratioReturn per unit of downside risk | +18.88 | ||
| Omega ratioGain probability vs. loss probability | 4.27 | 1.30 | +2.97 |
| Calmar ratioReturn relative to maximum drawdown | 69.36 | 3.87 | +65.49 |
| Martin ratioReturn relative to average drawdown | 316.53 | 10.46 | +306.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XEON.DE | QYLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.94 | 1.68 | +7.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.54 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.16 | -0.42 |
Drawdowns
XEON.DE vs. QYLE.DE - Drawdown Comparison
The maximum XEON.DE drawdown since its inception was -3.71%, smaller than the maximum QYLE.DE drawdown of -24.06%. Use the drawdown chart below to compare losses from any high point for XEON.DE and QYLE.DE.
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Drawdown Indicators
| XEON.DE | QYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -24.06% | +20.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -4.17% | +4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -24.06% | +23.98% |
Max Drawdown (5Y)Largest decline over 5 years | -0.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -3.25% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -5.04% | +5.03% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -5.68% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.55% | -1.54% |
Volatility
XEON.DE vs. QYLE.DE - Volatility Comparison
The current volatility for Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) is 0.04%, while Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) has a volatility of 2.32%. This indicates that XEON.DE experiences smaller price fluctuations and is considered to be less risky than QYLE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEON.DE | QYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 2.32% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 6.14% | -5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 9.63% | -9.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.25% | 13.25% | -13.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.39% | 13.25% | -12.86% |
XEON.DE vs. QYLE.DE - Expense Ratio Comparison
XEON.DE has a 0.10% expense ratio, which is lower than QYLE.DE's 0.45% expense ratio.
Dividends
XEON.DE vs. QYLE.DE - Dividend Comparison
XEON.DE has not paid dividends to shareholders, while QYLE.DE's dividend yield for the trailing twelve months is around 8.84%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 8.84% | 10.67% | 15.00% | 20.20% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XEON.DE and QYLE.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEON.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEON.DE is cheaper with a 0.10% expense ratio, compared with 0.45% for QYLE.DE.
XEON.DE is categorized as Bank Loan, while QYLE.DE is Nasdaq-100. XEON.DE tracks Solactive €STR +8.5 Daily Index, while QYLE.DE tracks Cboe Nasdaq-100 BuyWrite. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.10% for XEON.DE and 0.45% for QYLE.DE.
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