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 moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AIT vs. QYLD - Performance Comparison
Key characteristics
AIT:
1.13
QYLD:
1.74
AIT:
1.80
QYLD:
2.37
AIT:
1.23
QYLD:
1.40
AIT:
2.19
QYLD:
2.43
AIT:
5.29
QYLD:
12.86
AIT:
6.17%
QYLD:
1.46%
AIT:
28.85%
QYLD:
10.86%
AIT:
-66.46%
QYLD:
-24.75%
AIT:
-12.25%
QYLD:
-1.70%
Returns By Period
The year-to-date returns for both stocks are quite close, with AIT having a 2.79% return and QYLD slightly lower at 2.74%. Over the past 10 years, AIT has outperformed QYLD with an annualized return of 21.29%, while QYLD has yielded a comparatively lower 8.79% annualized return.
AIT
2.79%
-5.95%
18.53%
31.69%
31.32%
21.29%
QYLD
2.74%
-0.11%
10.07%
17.21%
7.63%
8.79%
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Risk-Adjusted Performance
AIT vs. QYLD — Risk-Adjusted Performance Rank
AIT
QYLD
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 0.64%, less than QYLD's 11.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.64% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% | 2.19% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.38% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
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 10.00% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.85%. 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.