ARDEX vs. QYLD
Compare and contrast key facts about AMG River Road Dividend All Cap Value Fund (ARDEX) and Global X NASDAQ 100 Covered Call ETF (QYLD).
ARDEX is managed by AMG. It was launched on Jun 28, 2005. 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: ARDEX or QYLD.
Key characteristics
| ARDEX | QYLD | |
|---|---|---|
| YTD Return | 1.94% | 4.40% |
| 1Y Return | 6.25% | 13.42% |
| 3Y Return (Ann) | 2.32% | 3.43% |
| 5Y Return (Ann) | 5.23% | 6.40% |
| 10Y Return (Ann) | 6.26% | 7.41% |
| Sharpe Ratio | 0.35 | 1.59 |
| Daily Std Dev | 11.63% | 8.17% |
| Max Drawdown | -48.99% | -24.89% |
| Current Drawdown | -3.46% | -2.63% |
Correlation
The correlation between ARDEX and QYLD is 0.58, 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
ARDEX vs. QYLD - Performance Comparison
In the year-to-date period, ARDEX achieves a 1.94% return, which is significantly lower than QYLD's 4.40% return. Over the past 10 years, ARDEX has underperformed QYLD with an annualized return of 6.26%, while QYLD has yielded a comparatively higher 7.41% 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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ARDEX vs. QYLD - Expense Ratio Comparison
ARDEX has a 0.97% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
ARDEX vs. QYLD - Risk-Adjusted Performance 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.
Dividends
ARDEX vs. QYLD - Dividend Comparison
ARDEX's dividend yield for the trailing twelve months is around 4.52%, less than QYLD's 11.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARDEX AMG River Road Dividend All Cap Value Fund | 4.52% | 4.42% | 14.36% | 21.74% | 2.12% | 8.71% | 9.10% | 6.83% | 9.31% | 12.17% | 12.05% | 7.94% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.90% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
ARDEX vs. QYLD - Drawdown Comparison
The maximum ARDEX drawdown since its inception was -48.99%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for ARDEX and QYLD. For additional features, visit the drawdowns tool.
Volatility
ARDEX vs. QYLD - Volatility Comparison
AMG River Road Dividend All Cap Value Fund (ARDEX) has a higher volatility of 3.57% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.86%. This indicates that ARDEX'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.