Correlation
The correlation between DYLG and QYLG is 0.82, 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.
DYLG vs. QYLG
Compare and contrast key facts about Global X Dow 30 Covered Call & Growth ETF (DYLG) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG).
DYLG and QYLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DYLG is a passively managed fund by Global X that tracks the performance of the Cboe DJIA Half BuyWrite Index - Benchmark TR Gross. It was launched on Jul 25, 2023. 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. Both DYLG and QYLG 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: DYLG or QYLG.
Performance
DYLG vs. QYLG - Performance Comparison
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Key characteristics
DYLG:
0.80
QYLG:
0.53
DYLG:
1.06
QYLG:
0.78
DYLG:
1.16
QYLG:
1.12
DYLG:
0.73
QYLG:
0.46
DYLG:
2.80
QYLG:
1.60
DYLG:
3.66%
QYLG:
6.00%
DYLG:
15.36%
QYLG:
21.49%
DYLG:
-13.98%
QYLG:
-29.98%
DYLG:
-5.05%
QYLG:
-6.31%
Returns By Period
In the year-to-date period, DYLG achieves a -0.62% return, which is significantly higher than QYLG's -1.66% return.
DYLG
-0.62%
2.43%
-3.59%
10.55%
N/A
N/A
N/A
QYLG
-1.66%
4.81%
-0.51%
11.19%
14.57%
N/A
N/A
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DYLG vs. QYLG - Expense Ratio Comparison
DYLG has a 0.35% expense ratio, which is lower than QYLG's 0.60% expense ratio.
Risk-Adjusted Performance
DYLG vs. QYLG — Risk-Adjusted Performance Rank
DYLG
QYLG
DYLG vs. QYLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call & Growth ETF (DYLG) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG). 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
DYLG vs. QYLG - Dividend Comparison
DYLG's dividend yield for the trailing twelve months is around 17.19%, less than QYLG's 26.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
DYLG Global X Dow 30 Covered Call & Growth ETF | 17.19% | 16.55% | 1.38% | 0.00% | 0.00% | 0.00% |
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 26.97% | 25.27% | 5.43% | 6.91% | 10.15% | 1.44% |
Drawdowns
DYLG vs. QYLG - Drawdown Comparison
The maximum DYLG drawdown since its inception was -13.98%, smaller than the maximum QYLG drawdown of -29.98%. Use the drawdown chart below to compare losses from any high point for DYLG and QYLG.
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Volatility
DYLG vs. QYLG - Volatility Comparison
The current volatility for Global X Dow 30 Covered Call & Growth ETF (DYLG) is 3.15%, while Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) has a volatility of 3.55%. This indicates that DYLG experiences smaller price fluctuations and is considered to be less risky than QYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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