ARDEX vs. QYLD
ARDEX (AMG River Road Dividend All Cap Value Fund) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both funds - ARDEX is a Large Cap Value Equities fund managed by AMG, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Over the past 10 years, ARDEX returned 4.13%/yr vs 9.59%/yr for QYLD. Their 0.55 correlation means they have sometimes moved together and sometimes differently. ARDEX charges 0.97%/yr vs 0.60%/yr for QYLD.
Performance
ARDEX vs. QYLD - Performance Comparison
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Returns By Period
In the year-to-date period, ARDEX achieves a 13.34% return, which is significantly higher than QYLD's 7.67% return. Over the past 10 years, ARDEX has underperformed QYLD with an annualized return of 4.13%, while QYLD has yielded a comparatively higher 9.59% annualized return.
ARDEX
- 1D
- -0.54%
- 1M
- 0.00%
- 6M
- 8.37%
- YTD
- 13.34%
- 1Y
- -4.92%
- 3Y*
- 4.58%
- 5Y*
- 0.07%
- 10Y*
- 4.13%
- ALL TIME*
- 6.17%
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) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $83.30M | $78.68M | $98.28M |
ARDEX vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARDEX AMG River Road Dividend All Cap Value Fund | 13.34% | -14.13% | 16.20% | 2.04% | -3.64% | 4.16% | -2.18% | 23.20% | -7.61% | 8.78% |
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 ARDEX and QYLD is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.55 |
Over the past year, the correlation between ARDEX and QYLD has dropped to 0.28 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
ARDEX vs. QYLD — Risk / Return Rank
ARDEX
QYLD
ARDEX vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG River Road Dividend All Cap Value Fund (ARDEX) 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.
| ARDEX | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.35 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 3.38 | -3.69 |
| Martin ratioReturn relative to average drawdown | -0.55 | 15.70 | -16.26 |
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Drawdowns
ARDEX vs. QYLD - Drawdown Comparison
The maximum ARDEX drawdown since its inception was -52.16%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for ARDEX and QYLD.
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Drawdown Indicators
| ARDEX | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.16% | -24.75% | -27.41% |
Max Drawdown (1Y)Largest decline over 1 year | -20.51% | -5.78% | -14.73% |
Max Drawdown (3Y)Largest decline over 3 years | -52.16% | -19.06% | -33.10% |
Max Drawdown (5Y)Largest decline over 5 years | -52.16% | -24.61% | -27.55% |
Max Drawdown (10Y)Largest decline over 10 years | -52.16% | -24.75% | -27.41% |
Current DrawdownCurrent decline from peak | -45.57% | -2.96% | -42.61% |
Average DrawdownAverage peak-to-trough decline | -10.74% | -3.81% | -6.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.47% | 1.24% | +10.23% |
Volatility
ARDEX vs. QYLD - Volatility Comparison
The current volatility for AMG River Road Dividend All Cap Value Fund (ARDEX) is 3.04%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 5.19%. This indicates that ARDEX experiences smaller price fluctuations and is considered to be less risky 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
| ARDEX | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 5.19% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.78% | 10.04% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.41% | 11.26% | +11.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.85% | 15.04% | +26.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.38% | 15.63% | +16.75% |
ARDEX vs. QYLD - Expense Ratio Comparison
ARDEX has a 0.97% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Dividends
ARDEX vs. QYLD - Dividend Comparison
ARDEX's dividend yield for the trailing twelve months is around 3.79%, less than QYLD's 11.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDEX AMG River Road Dividend All Cap Value Fund | 3.79% | 5.85% | 79.78% | 4.42% | 14.36% | 5.37% | 2.12% | 8.71% | 9.10% | 6.83% | 9.31% | 11.69% |
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
ARDEX and QYLD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QYLD has higher volatility (5.19%) compared to ARDEX (3.04%). In terms of maximum drawdown, ARDEX dropped -52.16% vs QYLD's -24.75%.
QYLD currently has the higher Sharpe Ratio (1.73 vs -0.28), 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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