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.
Key characteristics
| ECCC | XYLD | |
|---|---|---|
| YTD Return | 16.77% | 15.90% |
| 1Y Return | 22.06% | 19.19% |
| 3Y Return (Ann) | 4.97% | 4.76% |
| Sharpe Ratio | 3.11 | 2.80 |
| Sortino Ratio | 4.72 | 3.80 |
| Omega Ratio | 1.65 | 1.74 |
| Calmar Ratio | 2.83 | 2.99 |
| Martin Ratio | 24.64 | 24.40 |
| Ulcer Index | 0.90% | 0.79% |
| Daily Std Dev | 7.12% | 6.87% |
| Max Drawdown | -19.15% | -33.46% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ECCC and XYLD is 0.16, 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.
Performance
ECCC vs. XYLD - Performance Comparison
In the year-to-date period, ECCC achieves a 16.77% return, which is significantly higher than XYLD's 15.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 6.83%, less than XYLD's 9.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECCC Eagle Point Credit Company Inc. | 6.83% | 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 | 9.09% | 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 -19.15%, 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 2.83% compared to Global X S&P 500 Covered Call ETF (XYLD) at 2.34%. 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.