Correlation
The correlation between CATO and QYLD is 0.78, 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.
CATO vs. QYLD
Compare and contrast key facts about The Cato Corporation (CATO) and Global X NASDAQ 100 Covered Call ETF (QYLD).
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: CATO or QYLD.
Performance
CATO vs. QYLD - Performance Comparison
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Key characteristics
CATO:
-0.77
QYLD:
0.34
CATO:
-1.01
QYLD:
0.56
CATO:
0.87
QYLD:
1.10
CATO:
-0.60
QYLD:
0.30
CATO:
-1.39
QYLD:
1.01
CATO:
39.13%
QYLD:
5.60%
CATO:
70.30%
QYLD:
19.16%
CATO:
-95.25%
QYLD:
-24.75%
CATO:
-89.45%
QYLD:
-9.67%
Returns By Period
In the year-to-date period, CATO achieves a -34.36% return, which is significantly lower than QYLD's -5.59% return. Over the past 10 years, CATO has underperformed QYLD with an annualized return of -18.68%, while QYLD has yielded a comparatively higher 7.67% annualized return.
CATO
-34.36%
9.87%
-19.75%
-54.42%
-37.18%
-19.09%
-18.68%
QYLD
-5.59%
1.26%
-3.85%
6.20%
9.43%
7.91%
7.67%
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Risk-Adjusted Performance
CATO vs. QYLD — Risk-Adjusted Performance Rank
CATO
QYLD
CATO vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Cato Corporation (CATO) 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.
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Dividends
CATO vs. QYLD - Dividend Comparison
CATO's dividend yield for the trailing twelve months is around 13.28%, less than QYLD's 13.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CATO The Cato Corporation | 13.28% | 13.08% | 9.52% | 7.29% | 2.62% | 3.44% | 7.59% | 9.25% | 8.29% | 4.29% | 3.26% | 2.84% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.78% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
CATO vs. QYLD - Drawdown Comparison
The maximum CATO drawdown since its inception was -95.25%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for CATO and QYLD.
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Volatility
CATO vs. QYLD - Volatility Comparison
The Cato Corporation (CATO) has a higher volatility of 27.40% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.90%. This indicates that CATO'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.
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