AKRIX vs. QYLD
Compare and contrast key facts about Akre Focus Fund (AKRIX) and Global X NASDAQ 100 Covered Call ETF (QYLD).
AKRIX is managed by Akre. It was launched on Aug 31, 2009. 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: AKRIX or QYLD.
Key characteristics
| AKRIX | QYLD | |
|---|---|---|
| YTD Return | 0.60% | 4.52% |
| 1Y Return | 19.23% | 13.16% |
| 3Y Return (Ann) | 3.89% | 3.48% |
| 5Y Return (Ann) | 10.54% | 6.51% |
| 10Y Return (Ann) | 13.19% | 7.42% |
| Sharpe Ratio | 1.36 | 1.64 |
| Daily Std Dev | 14.22% | 8.17% |
| Max Drawdown | -31.77% | -24.89% |
| Current Drawdown | -8.00% | -2.52% |
Correlation
The correlation between AKRIX and QYLD is 0.69, 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
AKRIX vs. QYLD - Performance Comparison
In the year-to-date period, AKRIX achieves a 0.60% return, which is significantly lower than QYLD's 4.52% return. Over the past 10 years, AKRIX has outperformed QYLD with an annualized return of 13.19%, while QYLD has yielded a comparatively lower 7.42% 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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AKRIX vs. QYLD - Expense Ratio Comparison
AKRIX has a 1.04% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
AKRIX vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Akre Focus Fund (AKRIX) 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
AKRIX vs. QYLD - Dividend Comparison
AKRIX's dividend yield for the trailing twelve months is around 3.40%, less than QYLD's 11.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AKRIX Akre Focus Fund | 3.40% | 3.42% | 6.49% | 3.54% | 0.00% | 2.92% | 0.54% | 0.60% | 0.18% | 0.00% | 2.05% | 1.93% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.89% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
AKRIX vs. QYLD - Drawdown Comparison
The maximum AKRIX drawdown since its inception was -31.77%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for AKRIX and QYLD. For additional features, visit the drawdowns tool.
Volatility
AKRIX vs. QYLD - Volatility Comparison
Akre Focus Fund (AKRIX) has a higher volatility of 4.34% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.86%. This indicates that AKRIX'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.