EFC vs. QYLD
Compare and contrast key facts about Ellington Financial Inc. (EFC) and Global X NASDAQ 100 Covered Call ETF (QYLD).
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: EFC or QYLD.
Key characteristics
| EFC | QYLD | |
|---|---|---|
| YTD Return | -5.68% | 5.00% |
| 1Y Return | 3.04% | 13.94% |
| 3Y Return (Ann) | -2.59% | 3.64% |
| 5Y Return (Ann) | 2.14% | 6.58% |
| 10Y Return (Ann) | 4.30% | 7.47% |
| Sharpe Ratio | 0.19 | 1.74 |
| Daily Std Dev | 23.48% | 8.17% |
| Max Drawdown | -79.08% | -24.89% |
| Current Drawdown | -15.48% | -2.07% |
Correlation
The correlation between EFC and QYLD is 0.31, 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
EFC vs. QYLD - Performance Comparison
In the year-to-date period, EFC achieves a -5.68% return, which is significantly lower than QYLD's 5.00% return. Over the past 10 years, EFC has underperformed QYLD with an annualized return of 4.30%, while QYLD has yielded a comparatively higher 7.47% annualized 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
EFC vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ellington Financial Inc. (EFC) 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
EFC vs. QYLD - Dividend Comparison
EFC's dividend yield for the trailing twelve months is around 15.22%, more than QYLD's 11.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFC Ellington Financial Inc. | 15.22% | 14.16% | 14.55% | 9.27% | 8.47% | 9.87% | 10.70% | 12.13% | 12.56% | 14.60% | 15.43% | 16.89% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.84% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
EFC vs. QYLD - Drawdown Comparison
The maximum EFC drawdown since its inception was -79.08%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for EFC and QYLD. For additional features, visit the drawdowns tool.
Volatility
EFC vs. QYLD - Volatility Comparison
Ellington Financial Inc. (EFC) has a higher volatility of 6.61% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.85%. This indicates that EFC'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.