CLPAX vs. QYLD
Compare and contrast key facts about Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) and Global X NASDAQ 100 Covered Call ETF (QYLD).
CLPAX is managed by Catalyst Mutual Funds. It was launched on Dec 30, 2013. 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.
Performance
CLPAX vs. QYLD - Performance Comparison
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CLPAX vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | -6.01% | 12.32% | 11.42% | 35.92% | -30.54% | 13.11% | 5.25% | 19.41% | -3.65% | 8.20% |
QYLD Global X NASDAQ 100 Covered Call ETF | 0.61% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
Returns By Period
In the year-to-date period, CLPAX achieves a -6.01% return, which is significantly lower than QYLD's 0.61% return. Over the past 10 years, CLPAX has underperformed QYLD with an annualized return of 5.45%, while QYLD has yielded a comparatively higher 8.96% annualized return.
CLPAX
- 1D
- 1.12%
- 1M
- -4.88%
- YTD
- -6.01%
- 6M
- -6.20%
- 1Y
- 14.98%
- 3Y*
- 11.51%
- 5Y*
- 4.87%
- 10Y*
- 5.45%
QYLD
- 1D
- 0.58%
- 1M
- -1.11%
- YTD
- 0.61%
- 6M
- 7.46%
- 1Y
- 16.36%
- 3Y*
- 13.19%
- 5Y*
- 7.01%
- 10Y*
- 8.96%
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CLPAX vs. QYLD - Expense Ratio Comparison
CLPAX has a 1.74% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Return for Risk
CLPAX vs. QYLD — Risk / Return Rank
CLPAX
QYLD
CLPAX vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) 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.
| CLPAX | QYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 1.00 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.61 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.57 | -0.36 |
Martin ratioReturn relative to average drawdown | 3.60 | 10.32 | -6.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLPAX | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.00 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.47 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.58 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.56 | -0.21 |
Correlation
The correlation between CLPAX and QYLD is 0.73, 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.
Dividends
CLPAX vs. QYLD - Dividend Comparison
CLPAX's dividend yield for the trailing twelve months is around 9.69%, less than QYLD's 11.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | 9.69% | 9.10% | 0.00% | 0.00% | 2.68% | 0.32% | 0.49% | 5.41% | 0.30% | 0.02% | 0.00% | 17.26% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.85% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
Drawdowns
CLPAX vs. QYLD - Drawdown Comparison
The maximum CLPAX drawdown since its inception was -32.47%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for CLPAX and QYLD.
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Drawdown Indicators
| CLPAX | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.47% | -24.75% | -7.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -10.84% | -2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -32.47% | -24.61% | -7.86% |
Max Drawdown (10Y)Largest decline over 10 years | -32.47% | -24.75% | -7.72% |
Current DrawdownCurrent decline from peak | -11.89% | -1.84% | -10.05% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -3.89% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 1.65% | +2.67% |
Volatility
CLPAX vs. QYLD - Volatility Comparison
The current volatility for Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) is 3.45%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 4.90%. This indicates that CLPAX experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLPAX | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 4.90% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 7.50% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 16.43% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 14.84% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 15.51% | -1.12% |