XNAS.L vs. QYLU.L
XNAS.L (Xtrackers NASDAQ 100 UCITS ETF) and QYLU.L (Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc)) are both Nasdaq-100 funds - XNAS.L tracks the NASDAQ-100 Index while QYLU.L tracks the Cboe Nasdaq-100 BuyWrite v2 UCITS Index. Both are passively managed. Over the past 3 years, XNAS.L returned 22.73%/yr vs 11.41%/yr for QYLU.L. A 0.70 correlation means they provide meaningful diversification when combined. XNAS.L charges 0.20%/yr vs 0.45%/yr for QYLU.L.
Performance
XNAS.L vs. QYLU.L - Performance Comparison
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Returns By Period
In the year-to-date period, XNAS.L achieves a 12.50% return, which is significantly higher than QYLU.L's 4.87% return.
XNAS.L
- 1D
- -2.39%
- 1M
- -5.20%
- 6M
- 11.89%
- YTD
- 12.50%
- 1Y
- 24.26%
- 3Y*
- 22.73%
- 5Y*
- 22.30%
- 10Y*
- —
QYLU.L
- 1D
- -2.37%
- 1M
- -2.67%
- 6M
- 3.99%
- YTD
- 4.87%
- 1Y
- 16.53%
- 3Y*
- 11.41%
- 5Y*
- —
- 10Y*
- —
XNAS.L vs. QYLU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XNAS.L Xtrackers NASDAQ 100 UCITS ETF | 12.50% | 19.82% | 26.59% | 88.40% | -8.08% |
QYLU.L Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) | 4.87% | 5.59% | 22.94% | 22.59% | -2.11% |
Correlation
The correlation between XNAS.L and QYLU.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2022 | 0.70 |
The correlation between XNAS.L and QYLU.L shifts across timeframes, from 0.57 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XNAS.L vs. QYLU.L — Risk / Return Rank
XNAS.L
QYLU.L
XNAS.L vs. QYLU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers NASDAQ 100 UCITS ETF (XNAS.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.
| XNAS.L | QYLU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 3.31 | -1.10 |
| Martin ratioReturn relative to average drawdown | 7.31 | 11.23 | -3.91 |
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Drawdowns
XNAS.L vs. QYLU.L - Drawdown Comparison
The maximum XNAS.L drawdown since its inception was -34.26%, 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 XNAS.L and QYLU.L.
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Drawdown Indicators
| XNAS.L | QYLU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.26% | -19.93% | -14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -10.91% | -4.97% | -5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -22.92% | -19.93% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | — | — |
Current DrawdownCurrent decline from peak | -6.71% | -3.70% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -2.43% | -7.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 1.47% | +1.84% |
Volatility
XNAS.L vs. QYLU.L - Volatility Comparison
Xtrackers NASDAQ 100 UCITS ETF (XNAS.L) has a higher volatility of 6.32% compared to Global X Nasdaq 100 Covered Call UCITS ETF USD (Acc) (QYLU.L) at 5.42%. This indicates that XNAS.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
| XNAS.L | QYLU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 5.42% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.94% | 9.59% | +4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 13.32% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 15.65% | +7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.19% | 15.65% | +9.54% |
XNAS.L vs. QYLU.L - Expense Ratio Comparison
XNAS.L has a 0.20% expense ratio, which is lower than QYLU.L's 0.45% expense ratio.
Dividends
XNAS.L vs. QYLU.L - Dividend Comparison
Neither XNAS.L nor QYLU.L has paid dividends to shareholders.
Frequently Asked Questions
XNAS.L and QYLU.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNAS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNAS.L is cheaper with a 0.20% expense ratio, compared with 0.45% for QYLU.L.
XNAS.L tracks NASDAQ-100 Index, while QYLU.L tracks Cboe Nasdaq-100 BuyWrite v2 UCITS Index. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.20% for XNAS.L and 0.45% for QYLU.L.
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