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 0.70, 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
Key characteristics
AADAX:
0.99
QYLD:
1.76
AADAX:
1.37
QYLD:
2.42
AADAX:
1.18
QYLD:
1.41
AADAX:
0.54
QYLD:
2.43
AADAX:
4.36
QYLD:
12.90
AADAX:
2.31%
QYLD:
1.46%
AADAX:
10.24%
QYLD:
10.72%
AADAX:
-60.57%
QYLD:
-24.75%
AADAX:
-9.84%
QYLD:
-0.16%
Returns By Period
In the year-to-date period, AADAX achieves a 3.06% return, which is significantly higher than QYLD's 2.79% return. Over the past 10 years, AADAX has underperformed QYLD with an annualized return of 2.51%, while QYLD has yielded a comparatively higher 8.90% annualized return.
AADAX
3.06%
2.31%
8.28%
10.93%
1.00%
2.51%
QYLD
2.79%
1.84%
19.69%
18.25%
7.39%
8.90%
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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.
Dividends
AADAX vs. QYLD - Dividend Comparison
AADAX's dividend yield for the trailing twelve months is around 2.46%, less than QYLD's 12.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AADAX Invesco Select Risk: Growth Investor Fund | 2.46% | 2.54% | 0.65% | 1.48% | 1.50% | 1.73% | 1.36% | 1.38% | 1.84% | 1.13% | 1.59% | 1.78% |
QYLD Global X NASDAQ 100 Covered Call ETF | 12.33% | 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. For additional features, visit the drawdowns tool.
Volatility
AADAX vs. QYLD - Volatility Comparison
The current volatility for Invesco Select Risk: Growth Investor Fund (AADAX) is 2.95%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 3.34%. 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.