AVEGX vs. QYLD
Compare and contrast key facts about Ave Maria Growth Fund (AVEGX) and Global X NASDAQ 100 Covered Call ETF (QYLD).
AVEGX is managed by Ave Maria Mutual Funds. It was launched on May 1, 2003. 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: AVEGX or QYLD.
Correlation
The correlation between AVEGX and QYLD is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AVEGX vs. QYLD - Performance Comparison
Key characteristics
AVEGX:
0.93
QYLD:
1.82
AVEGX:
1.36
QYLD:
2.48
AVEGX:
1.17
QYLD:
1.44
AVEGX:
0.89
QYLD:
2.42
AVEGX:
4.80
QYLD:
12.96
AVEGX:
2.90%
QYLD:
1.45%
AVEGX:
15.03%
QYLD:
10.30%
AVEGX:
-48.28%
QYLD:
-24.75%
AVEGX:
-5.24%
QYLD:
-0.11%
Returns By Period
In the year-to-date period, AVEGX achieves a 14.87% return, which is significantly lower than QYLD's 18.10% return. Over the past 10 years, AVEGX has underperformed QYLD with an annualized return of 4.77%, while QYLD has yielded a comparatively higher 8.38% annualized return.
AVEGX
14.87%
-1.82%
7.00%
13.35%
5.94%
4.77%
QYLD
18.10%
2.06%
9.31%
18.61%
7.16%
8.38%
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AVEGX vs. QYLD - Expense Ratio Comparison
AVEGX has a 0.90% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
AVEGX vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ave Maria Growth Fund (AVEGX) 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
AVEGX vs. QYLD - Dividend Comparison
AVEGX's dividend yield for the trailing twelve months is around 0.08%, less than QYLD's 11.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AVEGX Ave Maria Growth Fund | 0.08% | 0.09% | 0.30% | 0.00% | 0.00% | 0.01% | 0.20% | 0.09% | 0.09% | 0.27% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.46% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
AVEGX vs. QYLD - Drawdown Comparison
The maximum AVEGX drawdown since its inception was -48.28%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for AVEGX and QYLD. For additional features, visit the drawdowns tool.
Volatility
AVEGX vs. QYLD - Volatility Comparison
Ave Maria Growth Fund (AVEGX) has a higher volatility of 4.06% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 0.55%. This indicates that AVEGX'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.