Correlation
The correlation between QYLG and CHAU is 0.31, 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.
QYLG vs. CHAU
Compare and contrast key facts about Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU).
QYLG and CHAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLG is a passively managed fund by Global X that tracks the performance of the CBOE Nasdaq-100 BuyWrite V2 Index. It was launched on Sep 18, 2020. CHAU is a passively managed fund by Direxion that tracks the performance of the CSI 300 Index (200%). It was launched on Apr 16, 2015. Both QYLG and CHAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QYLG or CHAU.
Performance
QYLG vs. CHAU - Performance Comparison
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Key characteristics
QYLG:
0.43
CHAU:
0.04
QYLG:
0.72
CHAU:
0.46
QYLG:
1.11
CHAU:
1.07
QYLG:
0.41
CHAU:
-0.02
QYLG:
1.44
CHAU:
-0.03
QYLG:
5.95%
CHAU:
37.81%
QYLG:
21.44%
CHAU:
65.51%
QYLG:
-29.98%
CHAU:
-79.21%
QYLG:
-7.92%
CHAU:
-72.88%
Returns By Period
In the year-to-date period, QYLG achieves a -3.35% return, which is significantly lower than CHAU's -0.71% return.
QYLG
-3.35%
4.97%
-1.77%
7.93%
15.86%
N/A
N/A
CHAU
-0.71%
6.83%
-1.12%
3.72%
-12.34%
-3.46%
-11.83%
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QYLG vs. CHAU - Expense Ratio Comparison
QYLG has a 0.60% expense ratio, which is lower than CHAU's 1.21% expense ratio.
Risk-Adjusted Performance
QYLG vs. CHAU — Risk-Adjusted Performance Rank
QYLG
CHAU
QYLG vs. CHAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) and Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU). 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
QYLG vs. CHAU - Dividend Comparison
QYLG's dividend yield for the trailing twelve months is around 27.45%, more than CHAU's 2.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 27.45% | 25.27% | 5.43% | 6.91% | 10.15% | 1.44% | 0.00% | 0.00% |
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 2.33% | 2.24% | 3.97% | 0.77% | 1.73% | 0.09% | 0.57% | 0.82% |
Drawdowns
QYLG vs. CHAU - Drawdown Comparison
The maximum QYLG drawdown since its inception was -29.98%, smaller than the maximum CHAU drawdown of -79.21%. Use the drawdown chart below to compare losses from any high point for QYLG and CHAU.
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Volatility
QYLG vs. CHAU - Volatility Comparison
The current volatility for Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is 3.08%, while Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) has a volatility of 8.83%. This indicates that QYLG experiences smaller price fluctuations and is considered to be less risky than CHAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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