AGG vs. QYLD
Compare and contrast key facts about iShares Core U.S. Aggregate Bond ETF (AGG) and Global X NASDAQ 100 Covered Call ETF (QYLD).
AGG and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. 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. Both AGG and QYLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGG or QYLD.
Key characteristics
| AGG | QYLD | |
|---|---|---|
| YTD Return | -2.78% | 4.28% |
| 1Y Return | -0.67% | 14.25% |
| 3Y Return (Ann) | -3.47% | 3.43% |
| 5Y Return (Ann) | -0.06% | 6.47% |
| 10Y Return (Ann) | 1.25% | 7.46% |
| Sharpe Ratio | -0.04 | 1.71 |
| Daily Std Dev | 6.94% | 8.33% |
| Max Drawdown | -18.43% | -24.89% |
| Current Drawdown | -12.61% | -2.74% |
Correlation
The correlation between AGG and QYLD is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
AGG vs. QYLD - Performance Comparison
In the year-to-date period, AGG achieves a -2.78% return, which is significantly lower than QYLD's 4.28% return. Over the past 10 years, AGG has underperformed QYLD with an annualized return of 1.25%, while QYLD has yielded a comparatively higher 7.46% 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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AGG vs. QYLD - Expense Ratio Comparison
AGG has a 0.05% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
AGG vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. Aggregate Bond ETF (AGG) 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
AGG vs. QYLD - Dividend Comparison
AGG's dividend yield for the trailing twelve months is around 3.39%, less than QYLD's 11.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.39% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.92% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
AGG vs. QYLD - Drawdown Comparison
The maximum AGG drawdown since its inception was -18.43%, smaller than the maximum QYLD drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for AGG and QYLD. For additional features, visit the drawdowns tool.
Volatility
AGG vs. QYLD - Volatility Comparison
The current volatility for iShares Core U.S. Aggregate Bond ETF (AGG) is 1.84%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 2.74%. This indicates that AGG 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.