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:
0.67
QYLD:
1.95
AVEGX:
0.95
QYLD:
2.68
AVEGX:
1.14
QYLD:
1.46
AVEGX:
0.84
QYLD:
2.67
AVEGX:
2.97
QYLD:
14.20
AVEGX:
3.79%
QYLD:
1.46%
AVEGX:
16.79%
QYLD:
10.63%
AVEGX:
-48.28%
QYLD:
-24.75%
AVEGX:
-10.74%
QYLD:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with AVEGX having a 2.07% return and QYLD slightly lower at 1.98%. Over the past 10 years, AVEGX has underperformed QYLD with an annualized return of 5.76%, while QYLD has yielded a comparatively higher 8.84% annualized return.
AVEGX
2.07%
-6.56%
-1.50%
8.67%
4.25%
5.76%
QYLD
1.98%
2.01%
11.03%
18.57%
7.47%
8.84%
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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 Rank
AVEGX
QYLD
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 has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 12.26%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVEGX Ave Maria Growth Fund | 0.00% | 0.00% | 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 | 11.29% | 12.50% | 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 9.73% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 3.26%. 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.