AIT vs. QYLD
AIT (Applied Industrial Technologies, Inc.) is a stock, while QYLD (Global X NASDAQ 100 Covered Call ETF) is Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Over the past 10 years, AIT returned 23.90%/yr vs 9.59%/yr for QYLD. Their 0.40 correlation means their historical movements had little consistent relationship.
Performance
AIT vs. QYLD - Performance Comparison
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Returns By Period
In the year-to-date period, AIT achieves a 34.91% return, which is significantly higher than QYLD's 7.67% return. Over the past 10 years, AIT has outperformed QYLD with an annualized return of 23.90%, while QYLD has yielded a comparatively lower 9.59% annualized return.
AIT
- 1D
- 1.58%
- 1M
- 4.34%
- 6M
- 33.02%
- YTD
- 34.91%
- 1Y
- 31.59%
- 3Y*
- 33.99%
- 5Y*
- 32.17%
- 10Y*
- 23.90%
- ALL TIME*
- 14.31%
QYLD
- 1D
- 0.65%
- 1M
- -0.98%
- 6M
- 5.88%
- YTD
- 7.67%
- 1Y
- 20.66%
- 3Y*
- 12.32%
- 5Y*
- 7.83%
- 10Y*
- 9.59%
- ALL TIME*
- 8.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $84.02M | $95.56M | $87.20M | |
| $83.30M | $78.68M | $98.28M |
AIT vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 34.91% | 8.01% | 39.67% | 38.35% | 24.25% | 33.57% | 19.37% | 26.35% | -19.41% | 16.89% |
QYLD Global X NASDAQ 100 Covered Call ETF | 7.67% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
Correlation
The correlation between AIT and QYLD is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.40 |
The correlation between AIT and QYLD shifts across timeframes, from 0.33 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AIT vs. QYLD — Risk / Return Rank
AIT
QYLD
AIT vs. QYLD - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIT | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 3.38 | -1.19 |
| Martin ratioReturn relative to average drawdown | 5.18 | 15.70 | -10.53 |
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Drawdowns
AIT vs. QYLD - Drawdown Comparison
The maximum AIT drawdown since its inception was -66.47%, 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.
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Drawdown Indicators
| AIT | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -24.75% | -41.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -5.78% | -7.08% |
Max Drawdown (3Y)Largest decline over 3 years | -26.42% | -19.06% | -7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -24.61% | -1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -59.29% | -24.75% | -34.54% |
Current DrawdownCurrent decline from peak | -1.17% | -2.96% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -17.99% | -3.81% | -14.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 1.24% | +4.20% |
Volatility
AIT vs. QYLD - Volatility Comparison
Applied Industrial Technologies, Inc. (AIT) has a higher volatility of 7.78% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 5.19%. 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.
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Volatility by Period
| AIT | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 5.19% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | 10.04% | +9.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.62% | 11.26% | +15.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.43% | 15.04% | +15.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.35% | 15.63% | +17.72% |
Dividends
AIT vs. QYLD - Dividend Comparison
AIT's dividend yield for the trailing twelve months is around 0.56%, less than QYLD's 11.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.56% | 0.72% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.89% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
Frequently Asked Questions
AIT and QYLD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIT has higher volatility (7.78%) compared to QYLD (5.19%). In terms of maximum drawdown, AIT dropped -66.47% vs QYLD's -24.75%.
QYLD currently has the higher Sharpe Ratio (1.73 vs 1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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