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.
Key characteristics
| AADAX | QYLD | |
|---|---|---|
| YTD Return | 10.10% | 15.56% |
| 1Y Return | 23.78% | 21.70% |
| 3Y Return (Ann) | 0.70% | 5.02% |
| 5Y Return (Ann) | 6.28% | 7.66% |
| 10Y Return (Ann) | 5.77% | 8.32% |
| Sharpe Ratio | 2.29 | 2.04 |
| Sortino Ratio | 3.26 | 2.77 |
| Omega Ratio | 1.42 | 1.48 |
| Calmar Ratio | 1.12 | 2.21 |
| Martin Ratio | 13.98 | 14.50 |
| Ulcer Index | 1.63% | 1.43% |
| Daily Std Dev | 9.96% | 10.21% |
| Max Drawdown | -55.88% | -24.89% |
| Current Drawdown | -0.69% | 0.00% |
Correlation
The correlation between AADAX and QYLD is 0.70, 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
In the year-to-date period, AADAX achieves a 10.10% return, which is significantly lower than QYLD's 15.56% return. Over the past 10 years, AADAX has underperformed QYLD with an annualized return of 5.77%, while QYLD has yielded a comparatively higher 8.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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's dividend yield for the trailing twelve months is around 1.89%, less than QYLD's 11.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AADAX Invesco Select Risk: Growth Investor Fund | 1.89% | 2.08% | 5.87% | 6.35% | 11.65% | 9.73% | 2.44% | 1.83% | 1.13% | 1.59% | 1.78% | 1.53% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.29% | 11.78% | 13.26% | 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 -24.89%. 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 2.07% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.42%. 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.