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.
Key characteristics
| AVEGX | QYLD | |
|---|---|---|
| YTD Return | 19.10% | 17.87% |
| 1Y Return | 25.41% | 22.18% |
| 3Y Return (Ann) | 2.14% | 5.26% |
| 5Y Return (Ann) | 7.53% | 7.51% |
| 10Y Return (Ann) | 5.48% | 8.43% |
| Sharpe Ratio | 1.76 | 2.21 |
| Sortino Ratio | 2.46 | 3.03 |
| Omega Ratio | 1.32 | 1.54 |
| Calmar Ratio | 1.59 | 2.86 |
| Martin Ratio | 8.99 | 15.74 |
| Ulcer Index | 2.86% | 1.41% |
| Daily Std Dev | 14.59% | 10.06% |
| Max Drawdown | -48.28% | -24.89% |
| Current Drawdown | -0.89% | -0.22% |
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
In the year-to-date period, AVEGX achieves a 19.10% return, which is significantly higher than QYLD's 17.87% return. Over the past 10 years, AVEGX has underperformed QYLD with an annualized return of 5.48%, while QYLD has yielded a comparatively higher 8.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 11.27% 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 | 11.27% | 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 -24.89%. 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 4.27% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.56%. 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.