AADAX vs. QYLD
Compare and contrast key facts about Invesco Select Risk: Growth Investor Fund (AADAX) and Global X NASDAQ 100 Covered Call ETF (QYLD).
AADAX is managed by Invesco. It was launched on Apr 29, 2004. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AADAX or QYLD.
Correlation
The correlation between AADAX and QYLD is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AADAX vs. QYLD - Performance Comparison
Key characteristics
AADAX:
0.63
QYLD:
1.97
AADAX:
0.87
QYLD:
2.69
AADAX:
1.12
QYLD:
1.48
AADAX:
0.60
QYLD:
2.65
AADAX:
3.75
QYLD:
14.19
AADAX:
1.85%
QYLD:
1.45%
AADAX:
11.00%
QYLD:
10.40%
AADAX:
-55.88%
QYLD:
-24.75%
AADAX:
-7.75%
QYLD:
0.00%
Returns By Period
In the year-to-date period, AADAX achieves a 5.22% return, which is significantly lower than QYLD's 19.32% return. Over the past 10 years, AADAX has underperformed QYLD with an annualized return of 5.03%, while QYLD has yielded a comparatively higher 8.52% annualized return.
AADAX
5.22%
-4.91%
0.20%
5.89%
4.29%
5.03%
QYLD
19.32%
3.00%
10.81%
19.98%
7.37%
8.52%
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AADAX vs. QYLD - Expense Ratio Comparison
AADAX has a 0.43% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
AADAX vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Select Risk: Growth Investor Fund (AADAX) 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.
Dividends
AADAX vs. QYLD - Dividend Comparison
AADAX has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.35%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Invesco Select Risk: Growth Investor Fund | 0.00% | 0.65% | 1.48% | 1.50% | 1.73% | 1.36% | 1.38% | 1.84% | 1.13% | 1.59% | 1.78% | 1.53% |
Global X NASDAQ 100 Covered Call ETF | 11.35% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
AADAX vs. QYLD - Drawdown Comparison
The maximum AADAX drawdown since its inception was -55.88%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for AADAX and QYLD. For additional features, visit the drawdowns tool.
Volatility
AADAX vs. QYLD - Volatility Comparison
Invesco Select Risk: Growth Investor Fund (AADAX) has a higher volatility of 5.79% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.64%. This indicates that AADAX'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.