Correlation
The correlation between CVRD and QYLD is 0.75, 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.
CVRD vs. QYLD
Compare and contrast key facts about Madison Covered Call ETF (CVRD) and Global X NASDAQ 100 Covered Call ETF (QYLD).
CVRD and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVRD is an actively managed fund by Madison. It was launched on Aug 21, 2023. 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: CVRD or QYLD.
Performance
CVRD vs. QYLD - Performance Comparison
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Key characteristics
CVRD:
0.18
QYLD:
0.34
CVRD:
0.28
QYLD:
0.56
CVRD:
1.04
QYLD:
1.10
CVRD:
0.10
QYLD:
0.30
CVRD:
0.40
QYLD:
1.01
CVRD:
4.61%
QYLD:
5.60%
CVRD:
15.66%
QYLD:
19.16%
CVRD:
-17.95%
QYLD:
-24.75%
CVRD:
-4.55%
QYLD:
-9.67%
Returns By Period
In the year-to-date period, CVRD achieves a -1.65% return, which is significantly higher than QYLD's -5.59% return.
CVRD
-1.65%
5.39%
-4.39%
1.92%
N/A
N/A
N/A
QYLD
-5.59%
1.26%
-3.85%
6.20%
9.43%
7.91%
7.67%
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CVRD vs. QYLD - Expense Ratio Comparison
CVRD has a 0.90% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
CVRD vs. QYLD — Risk-Adjusted Performance Rank
CVRD
QYLD
CVRD vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Covered Call ETF (CVRD) 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.
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Dividends
CVRD vs. QYLD - Dividend Comparison
CVRD's dividend yield for the trailing twelve months is around 10.43%, less than QYLD's 13.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVRD Madison Covered Call ETF | 10.43% | 15.70% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.78% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
CVRD vs. QYLD - Drawdown Comparison
The maximum CVRD drawdown since its inception was -17.95%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for CVRD and QYLD.
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Volatility
CVRD vs. QYLD - Volatility Comparison
Madison Covered Call ETF (CVRD) has a higher volatility of 4.39% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.90%. This indicates that CVRD'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.
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