CCL vs. QYLD
Compare and contrast key facts about Carnival Corporation & Plc (CCL) 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: CCL or QYLD.
Performance
CCL vs. QYLD - Performance Comparison
Returns By Period
In the year-to-date period, CCL achieves a 34.30% return, which is significantly higher than QYLD's 16.42% return. Over the past 10 years, CCL has underperformed QYLD with an annualized return of -3.61%, while QYLD has yielded a comparatively higher 8.43% annualized return.
CCL
34.30%
19.08%
64.57%
72.80%
-10.78%
-3.61%
QYLD
16.42%
1.46%
9.29%
19.89%
7.37%
8.43%
Key characteristics
| CCL | QYLD | |
|---|---|---|
| Sharpe Ratio | 1.69 | 1.92 |
| Sortino Ratio | 2.36 | 2.61 |
| Omega Ratio | 1.29 | 1.46 |
| Calmar Ratio | 0.91 | 2.56 |
| Martin Ratio | 4.94 | 13.81 |
| Ulcer Index | 14.60% | 1.44% |
| Daily Std Dev | 42.61% | 10.35% |
| Max Drawdown | -90.37% | -24.75% |
| Current Drawdown | -62.40% | -1.44% |
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Correlation
The correlation between CCL and QYLD is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
CCL vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Carnival Corporation & Plc (CCL) 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
CCL vs. QYLD - Dividend Comparison
CCL has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.63%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCL Carnival Corporation & Plc | 0.00% | 0.00% | 0.00% | 0.00% | 2.31% | 3.93% | 3.96% | 2.41% | 2.59% | 2.02% | 2.21% | 2.49% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.63% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
CCL vs. QYLD - Drawdown Comparison
The maximum CCL drawdown since its inception was -90.37%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for CCL and QYLD. For additional features, visit the drawdowns tool.
Volatility
CCL vs. QYLD - Volatility Comparison
Carnival Corporation & Plc (CCL) has a higher volatility of 10.16% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 3.42%. This indicates that CCL'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.