Correlation
The correlation between AADAX and QYLD is 0.78, 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.
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.
Performance
AADAX vs. QYLD - Performance Comparison
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Key characteristics
AADAX:
0.46
QYLD:
0.34
AADAX:
0.67
QYLD:
0.56
AADAX:
1.09
QYLD:
1.10
AADAX:
0.28
QYLD:
0.30
AADAX:
1.37
QYLD:
1.01
AADAX:
4.31%
QYLD:
5.60%
AADAX:
14.35%
QYLD:
19.16%
AADAX:
-60.57%
QYLD:
-24.75%
AADAX:
-9.37%
QYLD:
-9.67%
Returns By Period
In the year-to-date period, AADAX achieves a 3.59% return, which is significantly higher than QYLD's -5.59% return. Over the past 10 years, AADAX has underperformed QYLD with an annualized return of 2.34%, while QYLD has yielded a comparatively higher 7.67% annualized return.
AADAX
3.59%
4.77%
-1.56%
6.52%
4.26%
3.35%
2.34%
QYLD
-5.59%
1.45%
-3.85%
6.38%
9.43%
7.91%
7.67%
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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 Rank
AADAX
QYLD
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.
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Dividends
AADAX vs. QYLD - Dividend Comparison
AADAX's dividend yield for the trailing twelve months is around 4.50%, less than QYLD's 13.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AADAX Invesco Select Risk: Growth Investor Fund | 4.50% | 4.66% | 2.08% | 5.86% | 6.35% | 11.65% | 9.73% | 2.44% | 1.84% | 1.13% | 1.59% | 1.78% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.78% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
AADAX vs. QYLD - Drawdown Comparison
The maximum AADAX drawdown since its inception was -60.57%, 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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Volatility
AADAX vs. QYLD - Volatility Comparison
Invesco Select Risk: Growth Investor Fund (AADAX) has a higher volatility of 3.34% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.90%. 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.
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