AIT vs. QYLD
Compare and contrast key facts about Applied Industrial Technologies, Inc. (AIT) 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: AIT or QYLD.
Correlation
The correlation between AIT and QYLD is 0.40, 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.
Performance
AIT vs. QYLD - Performance Comparison
Key characteristics
AIT:
1.49
QYLD:
1.97
AIT:
2.31
QYLD:
2.69
AIT:
1.28
QYLD:
1.48
AIT:
2.93
QYLD:
2.65
AIT:
8.48
QYLD:
14.19
AIT:
4.91%
QYLD:
1.45%
AIT:
27.97%
QYLD:
10.40%
AIT:
-66.46%
QYLD:
-24.75%
AIT:
-14.23%
QYLD:
0.00%
Returns By Period
In the year-to-date period, AIT achieves a 40.31% return, which is significantly higher than QYLD's 19.32% return. Over the past 10 years, AIT has outperformed QYLD with an annualized return of 20.11%, while QYLD has yielded a comparatively lower 8.52% annualized return.
AIT
40.31%
-9.47%
27.99%
40.90%
30.98%
20.11%
QYLD
19.32%
3.00%
10.81%
19.98%
7.37%
8.52%
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Risk-Adjusted Performance
AIT vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Industrial Technologies, Inc. (AIT) 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
AIT vs. QYLD - Dividend Comparison
AIT's dividend yield for the trailing twelve months is around 0.62%, less than QYLD's 11.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% | 2.19% | 1.87% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.35% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
AIT vs. QYLD - Drawdown Comparison
The maximum AIT drawdown since its inception was -66.46%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for AIT and QYLD. For additional features, visit the drawdowns tool.
Volatility
AIT vs. QYLD - Volatility Comparison
Applied Industrial Technologies, Inc. (AIT) has a higher volatility of 6.82% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.64%. This indicates that AIT'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.