CHMI vs. QYLD
Compare and contrast key facts about Cherry Hill Mortgage Investment Corporation (CHMI) 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: CHMI or QYLD.
Key characteristics
| CHMI | QYLD | |
|---|---|---|
| YTD Return | -9.90% | 4.88% |
| 1Y Return | -22.88% | 14.08% |
| 3Y Return (Ann) | -19.10% | 3.67% |
| 5Y Return (Ann) | -16.75% | 6.49% |
| 10Y Return (Ann) | -4.47% | 7.45% |
| Sharpe Ratio | -0.66 | 1.71 |
| Daily Std Dev | 34.80% | 8.17% |
| Max Drawdown | -82.38% | -24.89% |
| Current Drawdown | -62.60% | -2.18% |
Correlation
The correlation between CHMI and QYLD is 0.25, 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.
Performance
CHMI vs. QYLD - Performance Comparison
In the year-to-date period, CHMI achieves a -9.90% return, which is significantly lower than QYLD's 4.88% return. Over the past 10 years, CHMI has underperformed QYLD with an annualized return of -4.47%, while QYLD has yielded a comparatively higher 7.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CHMI vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cherry Hill Mortgage Investment Corporation (CHMI) 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
CHMI vs. QYLD - Dividend Comparison
CHMI's dividend yield for the trailing twelve months is around 17.19%, more than QYLD's 11.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHMI Cherry Hill Mortgage Investment Corporation | 17.19% | 17.82% | 18.62% | 13.06% | 11.05% | 12.20% | 11.96% | 10.80% | 11.44% | 14.98% | 10.80% | 2.49% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.85% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
CHMI vs. QYLD - Drawdown Comparison
The maximum CHMI drawdown since its inception was -82.38%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for CHMI and QYLD. For additional features, visit the drawdowns tool.
Volatility
CHMI vs. QYLD - Volatility Comparison
Cherry Hill Mortgage Investment Corporation (CHMI) has a higher volatility of 8.46% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.91%. This indicates that CHMI'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.