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.
Key characteristics
| AIT | QYLD | |
|---|---|---|
| YTD Return | 59.52% | 18.13% |
| 1Y Return | 71.09% | 22.51% |
| 3Y Return (Ann) | 38.88% | 5.36% |
| 5Y Return (Ann) | 36.43% | 7.69% |
| 10Y Return (Ann) | 20.90% | 8.45% |
| Sharpe Ratio | 2.48 | 2.25 |
| Sortino Ratio | 3.47 | 3.09 |
| Omega Ratio | 1.44 | 1.55 |
| Calmar Ratio | 5.98 | 2.92 |
| Martin Ratio | 15.17 | 16.08 |
| Ulcer Index | 4.63% | 1.41% |
| Daily Std Dev | 28.30% | 10.05% |
| Max Drawdown | -66.46% | -24.89% |
| Current Drawdown | -0.48% | 0.00% |
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
In the year-to-date period, AIT achieves a 59.52% return, which is significantly higher than QYLD's 18.13% return. Over the past 10 years, AIT has outperformed QYLD with an annualized return of 20.90%, while QYLD has yielded a comparatively lower 8.45% 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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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 0.53%, less than QYLD's 11.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.53% | 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 | 11.24% | 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 -24.89%. 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 14.38% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.54%. 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.