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:
2.42
QYLD:
1.99
AIT:
3.44
QYLD:
2.69
AIT:
1.43
QYLD:
1.48
AIT:
5.70
QYLD:
2.65
AIT:
14.57
QYLD:
14.21
AIT:
4.59%
QYLD:
1.45%
AIT:
27.63%
QYLD:
10.34%
AIT:
-66.46%
QYLD:
-24.75%
AIT:
-3.05%
QYLD:
-0.14%
Returns By Period
In the year-to-date period, AIT achieves a 58.60% return, which is significantly higher than QYLD's 17.97% return. Over the past 10 years, AIT has outperformed QYLD with an annualized return of 22.12%, while QYLD has yielded a comparatively lower 8.57% annualized return.
AIT
58.60%
1.52%
45.62%
65.81%
35.04%
22.12%
QYLD
17.97%
-0.08%
9.81%
20.21%
7.40%
8.57%
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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 0.54%, less than QYLD's 11.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.54% | 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 | 11.47% | 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 5.79% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.57%. 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.