XNDX.DE vs. QYLE.DE
XNDX.DE (Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD) and QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) are both Nasdaq-100 funds - XNDX.DE tracks the Nasdaq 100 Index while QYLE.DE tracks the Cboe Nasdaq-100 BuyWrite. Both are passively managed. Over the past year, XNDX.DE returned 11.18% vs 20.42% for QYLE.DE. A 0.63 correlation means they provide meaningful diversification when combined. XNDX.DE charges 0.18%/yr vs 0.45%/yr for QYLE.DE.
Performance
XNDX.DE vs. QYLE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNDX.DE achieves a 18.01% return, which is significantly higher than QYLE.DE's 10.22% return.
XNDX.DE
- 1D
- 0.00%
- 1M
- -1.63%
- 6M
- 16.17%
- YTD
- 18.01%
- 1Y
- 11.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLE.DE
- 1D
- 0.00%
- 1M
- 0.93%
- 6M
- 8.02%
- YTD
- 10.22%
- 1Y
- 20.42%
- 3Y*
- 11.51%
- 5Y*
- —
- 10Y*
- —
XNDX.DE vs. QYLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XNDX.DE Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD | 18.01% | -4.86% |
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 10.22% | 10.47% |
Correlation
The correlation between XNDX.DE and QYLE.DE is 0.63, 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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.63 |
The correlation between XNDX.DE and QYLE.DE has been stable across timeframes, ranging from 0.63 to 0.63 - a consistent structural relationship.
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Return for Risk
XNDX.DE vs. QYLE.DE — Risk / Return Rank
XNDX.DE
QYLE.DE
XNDX.DE vs. QYLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD (XNDX.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.
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.
| XNDX.DE | QYLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.38 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 4.94 | -4.38 |
| Martin ratioReturn relative to average drawdown | 0.96 | 15.21 | -14.25 |
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Drawdowns
XNDX.DE vs. QYLE.DE - Drawdown Comparison
The maximum XNDX.DE drawdown since its inception was -20.10%, smaller than the maximum QYLE.DE drawdown of -23.94%. Use the drawdown chart below to compare losses from any high point for XNDX.DE and QYLE.DE.
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Drawdown Indicators
| XNDX.DE | QYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -23.94% | +3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -4.17% | -15.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.94% | — |
Current DrawdownCurrent decline from peak | -3.50% | -1.50% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -5.51% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.68% | 1.36% | +10.32% |
Volatility
XNDX.DE vs. QYLE.DE - Volatility Comparison
Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD (XNDX.DE) has a higher volatility of 5.56% compared to Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) at 4.13%. This indicates that XNDX.DE's price experiences larger fluctuations and is considered to be riskier 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
| XNDX.DE | QYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 4.13% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 7.52% | +4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.87% | 9.97% | +20.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.69% | 13.18% | +17.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.69% | 13.18% | +17.51% |
XNDX.DE vs. QYLE.DE - Expense Ratio Comparison
XNDX.DE has a 0.18% expense ratio, which is lower than QYLE.DE's 0.45% expense ratio.
Dividends
XNDX.DE vs. QYLE.DE - Dividend Comparison
XNDX.DE's dividend yield for the trailing twelve months is around 0.10%, less than QYLE.DE's 11.36% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 11.36% | 11.95% | 10.44% | 11.90% |
XNDX.DE Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD | 0.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XNDX.DE and QYLE.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNDX.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNDX.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for QYLE.DE.
XNDX.DE tracks Nasdaq 100 Index, while QYLE.DE tracks Cboe Nasdaq-100 BuyWrite. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.18% for XNDX.DE and 0.45% for QYLE.DE.
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