AMZA vs. QYLD
Compare and contrast key facts about InfraCap MLP ETF (AMZA) and Global X NASDAQ 100 Covered Call ETF (QYLD).
AMZA and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZA is an actively managed fund by Virtus Investment Partners. It was launched on Oct 7, 2014. 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: AMZA or QYLD.
Key characteristics
| AMZA | QYLD | |
|---|---|---|
| YTD Return | 19.75% | 15.01% |
| 1Y Return | 19.05% | 19.84% |
| 3Y Return (Ann) | 23.04% | 4.48% |
| 5Y Return (Ann) | 9.34% | 7.13% |
| 10Y Return (Ann) | -3.62% | 8.21% |
| Sharpe Ratio | 1.13 | 2.05 |
| Sortino Ratio | 1.61 | 2.81 |
| Omega Ratio | 1.20 | 1.50 |
| Calmar Ratio | 0.46 | 2.62 |
| Martin Ratio | 5.20 | 14.44 |
| Ulcer Index | 4.05% | 1.41% |
| Daily Std Dev | 18.54% | 9.95% |
| Max Drawdown | -91.46% | -24.89% |
| Current Drawdown | -32.93% | -1.10% |
Correlation
The correlation between AMZA and QYLD is 0.33, 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
AMZA vs. QYLD - Performance Comparison
In the year-to-date period, AMZA achieves a 19.75% return, which is significantly higher than QYLD's 15.01% return. Over the past 10 years, AMZA has underperformed QYLD with an annualized return of -3.62%, while QYLD has yielded a comparatively higher 8.21% 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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AMZA vs. QYLD - Expense Ratio Comparison
AMZA has a 2.01% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
AMZA vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) 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
AMZA vs. QYLD - Dividend Comparison
AMZA's dividend yield for the trailing twelve months is around 7.77%, less than QYLD's 11.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AMZA InfraCap MLP ETF | 7.77% | 9.40% | 7.65% | 10.24% | 22.13% | 19.47% | 34.46% | 24.16% | 18.36% | 18.21% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.55% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
AMZA vs. QYLD - Drawdown Comparison
The maximum AMZA drawdown since its inception was -91.46%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for AMZA and QYLD. For additional features, visit the drawdowns tool.
Volatility
AMZA vs. QYLD - Volatility Comparison
InfraCap MLP ETF (AMZA) has a higher volatility of 4.06% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.14%. This indicates that AMZA'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.