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 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AIT vs. QYLD - Performance Comparison
Key characteristics
AIT:
0.82
QYLD:
0.32
AIT:
1.42
QYLD:
0.60
AIT:
1.18
QYLD:
1.10
AIT:
1.09
QYLD:
0.32
AIT:
2.99
QYLD:
1.33
AIT:
9.67%
QYLD:
4.59%
AIT:
35.36%
QYLD:
19.11%
AIT:
-66.46%
QYLD:
-24.75%
AIT:
-14.80%
QYLD:
-11.29%
Returns By Period
In the year-to-date period, AIT achieves a -0.21% return, which is significantly higher than QYLD's -7.28% return. Over the past 10 years, AIT has outperformed QYLD with an annualized return of 21.16%, while QYLD has yielded a comparatively lower 7.54% annualized return.
AIT
-0.21%
2.73%
3.46%
32.79%
38.52%
21.16%
QYLD
-7.28%
-2.57%
-4.25%
5.46%
8.55%
7.54%
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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 0.66%, less than QYLD's 13.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.66% | 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 | 13.87% | 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 19.48% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 14.23%. 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.