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.
Performance
AADAX vs. QYLD - Performance Comparison
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AADAX vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AADAX Invesco Select Risk: Growth Investor Fund | -3.23% | 15.52% | 9.61% | 13.38% | -18.74% | 13.66% | 11.79% | 20.63% | -8.29% | 15.76% |
QYLD Global X NASDAQ 100 Covered Call ETF | 0.02% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
Returns By Period
In the year-to-date period, AADAX achieves a -3.23% return, which is significantly lower than QYLD's 0.02% return. Over the past 10 years, AADAX has underperformed QYLD with an annualized return of 7.00%, while QYLD has yielded a comparatively higher 8.89% annualized return.
AADAX
- 1D
- -0.37%
- 1M
- -7.60%
- YTD
- -3.23%
- 6M
- -0.75%
- 1Y
- 13.83%
- 3Y*
- 9.88%
- 5Y*
- 4.26%
- 10Y*
- 7.00%
QYLD
- 1D
- 2.69%
- 1M
- -1.52%
- YTD
- 0.02%
- 6M
- 7.09%
- 1Y
- 16.31%
- 3Y*
- 12.97%
- 5Y*
- 6.88%
- 10Y*
- 8.89%
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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.
Return for Risk
AADAX vs. QYLD — Risk / Return Rank
AADAX
QYLD
AADAX vs. QYLD - Risk-Adjusted Trends 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.
| AADAX | QYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.00 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.61 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.51 | -0.24 |
Martin ratioReturn relative to average drawdown | 5.73 | 9.98 | -4.25 |
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
| AADAX | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.00 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.47 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.58 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.55 | -0.17 |
Correlation
The correlation between AADAX and QYLD is 0.72, 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.
Dividends
AADAX vs. QYLD - Dividend Comparison
AADAX's dividend yield for the trailing twelve months is around 4.11%, less than QYLD's 11.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AADAX Invesco Select Risk: Growth Investor Fund | 4.11% | 3.98% | 4.66% | 2.08% | 5.87% | 6.35% | 11.65% | 9.73% | 2.44% | 1.83% | 1.13% | 1.59% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.92% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
Drawdowns
AADAX vs. QYLD - Drawdown Comparison
The maximum AADAX drawdown since its inception was -55.79%, 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.
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Drawdown Indicators
| AADAX | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.79% | -24.75% | -31.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -10.84% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -26.59% | -24.61% | -1.98% |
Max Drawdown (10Y)Largest decline over 10 years | -31.26% | -24.75% | -6.51% |
Current DrawdownCurrent decline from peak | -7.82% | -2.41% | -5.41% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -3.89% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.64% | +0.47% |
Volatility
AADAX vs. QYLD - Volatility Comparison
The current volatility for Invesco Select Risk: Growth Investor Fund (AADAX) is 4.28%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 4.90%. This indicates that AADAX experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AADAX | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.90% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 7.48% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 16.42% | -2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 14.84% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.57% | 15.51% | -1.94% |