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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLPAX or QYLD.
Performance
CLPAX vs. QYLD - Performance Comparison
Returns By Period
In the year-to-date period, CLPAX achieves a 8.44% return, which is significantly lower than QYLD's 15.14% return. Over the past 10 years, CLPAX has underperformed QYLD with an annualized return of 0.88%, while QYLD has yielded a comparatively higher 8.17% annualized return.
CLPAX
8.44%
-1.17%
5.82%
13.77%
2.82%
0.88%
QYLD
15.14%
0.18%
8.78%
19.13%
7.00%
8.17%
Key characteristics
| CLPAX | QYLD | |
|---|---|---|
| Sharpe Ratio | 1.08 | 1.87 |
| Sortino Ratio | 1.55 | 2.54 |
| Omega Ratio | 1.19 | 1.45 |
| Calmar Ratio | 0.95 | 2.49 |
| Martin Ratio | 4.26 | 13.64 |
| Ulcer Index | 3.21% | 1.42% |
| Daily Std Dev | 12.64% | 10.34% |
| Max Drawdown | -36.85% | -24.89% |
| Current Drawdown | -3.34% | -2.53% |
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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.
Correlation
The correlation between CLPAX and QYLD is 0.72, 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.
Risk-Adjusted Performance
CLPAX vs. QYLD - Risk-Adjusted Performance 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.
Dividends
CLPAX vs. QYLD - Dividend Comparison
CLPAX has not paid dividends to shareholders, while QYLD's dividend yield for the trailing twelve months is around 11.53%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.08% | 0.29% | 0.02% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.53% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
CLPAX vs. QYLD - Drawdown Comparison
The maximum CLPAX drawdown since its inception was -36.85%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for CLPAX and QYLD. For additional features, visit the drawdowns tool.
Volatility
CLPAX vs. QYLD - Volatility Comparison
Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) has a higher volatility of 4.25% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 3.56%. This indicates that CLPAX'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.