AAL vs. QYLD
Compare and contrast key facts about American Airlines Group Inc. (AAL) and Global X NASDAQ 100 Covered Call ETF (QYLD).
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: AAL or QYLD.
Key characteristics
| AAL | QYLD | |
|---|---|---|
| YTD Return | 12.81% | 16.29% |
| 1Y Return | -16.76% | 10.94% |
| 5Y Return (Ann) | -20.07% | 4.96% |
| 10Y Return (Ann) | -1.73% | 7.03% |
| Sharpe Ratio | -0.23 | 0.80 |
| Daily Std Dev | 47.87% | 15.53% |
| Max Drawdown | -97.20% | -24.89% |
Correlation
The correlation between AAL and QYLD is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
AAL vs. QYLD - Performance Comparison
In the year-to-date period, AAL achieves a 12.81% return, which is significantly lower than QYLD's 16.29% return. Over the past 10 years, AAL has underperformed QYLD with an annualized return of -1.73%, while QYLD has yielded a comparatively higher 7.03% 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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AAL vs. QYLD - Dividend Comparison
AAL has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 16.80%.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAL American Airlines Group Inc. | 0.00% | 0.00% | 0.00% | 0.63% | 1.40% | 1.27% | 0.79% | 0.89% | 0.99% | 0.39% |
QYLD Global X NASDAQ 100 Covered Call ETF | 16.80% | 13.94% | 15.18% | 14.96% | 14.84% | 20.78% | 14.33% | 18.46% | 20.85% | 26.14% |
AAL vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Airlines Group Inc. (AAL) 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AAL American Airlines Group Inc. | -0.23 | ||||
QYLD Global X NASDAQ 100 Covered Call ETF | 0.80 |
AAL vs. QYLD - Drawdown Comparison
The maximum AAL drawdown for the period was -78.38%, lower than the maximum QYLD drawdown of -21.50%. The drawdown chart below compares losses from any high point along the way for AAL and QYLD
AAL vs. QYLD - Volatility Comparison
American Airlines Group Inc. (AAL) has a higher volatility of 10.32% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.19%. This indicates that AAL'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.