ECCC vs. XYLD
Compare and contrast key facts about Eagle Point Credit Company Inc. (ECCC) and Global X S&P 500 Covered Call ETF (XYLD).
XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECCC or XYLD.
Performance
ECCC vs. XYLD - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with ECCC having a 16.62% return and XYLD slightly lower at 16.38%.
ECCC
16.62%
1.22%
10.03%
18.79%
N/A
N/A
XYLD
16.38%
2.53%
10.00%
19.23%
6.72%
6.81%
Key characteristics
| ECCC | XYLD | |
|---|---|---|
| Sharpe Ratio | 2.59 | 2.79 |
| Sortino Ratio | 3.90 | 3.77 |
| Omega Ratio | 1.53 | 1.73 |
| Calmar Ratio | 3.10 | 3.31 |
| Martin Ratio | 20.52 | 24.38 |
| Ulcer Index | 0.92% | 0.79% |
| Daily Std Dev | 7.26% | 6.90% |
| Max Drawdown | -19.16% | -33.46% |
| Current Drawdown | -1.31% | 0.00% |
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Correlation
The correlation between ECCC and XYLD is 0.15, 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.
Risk-Adjusted Performance
ECCC vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eagle Point Credit Company Inc. (ECCC) and Global X S&P 500 Covered Call ETF (XYLD). 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
ECCC vs. XYLD - Dividend Comparison
ECCC's dividend yield for the trailing twelve months is around 6.88%, less than XYLD's 9.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECCC Eagle Point Credit Company Inc. | 6.88% | 7.51% | 7.93% | 3.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 9.39% | 10.51% | 13.44% | 9.08% | 7.93% | 5.76% | 7.12% | 4.67% | 3.24% | 4.65% | 4.15% | 2.49% |
Drawdowns
ECCC vs. XYLD - Drawdown Comparison
The maximum ECCC drawdown since its inception was -19.16%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for ECCC and XYLD. For additional features, visit the drawdowns tool.
Volatility
ECCC vs. XYLD - Volatility Comparison
Eagle Point Credit Company Inc. (ECCC) has a higher volatility of 3.22% compared to Global X S&P 500 Covered Call ETF (XYLD) at 2.42%. This indicates that ECCC's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.