ETV vs. QYLD
Compare and contrast key facts about Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) 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: ETV or QYLD.
Performance
ETV vs. QYLD - Performance Comparison
Returns By Period
In the year-to-date period, ETV achieves a 24.77% return, which is significantly higher than QYLD's 15.97% return. Both investments have delivered pretty close results over the past 10 years, with ETV having a 8.64% annualized return and QYLD not far behind at 8.45%.
ETV
24.77%
3.32%
13.58%
25.88%
8.44%
8.64%
QYLD
15.97%
0.36%
9.24%
19.42%
7.29%
8.45%
Key characteristics
| ETV | QYLD | |
|---|---|---|
| Sharpe Ratio | 2.36 | 1.93 |
| Sortino Ratio | 3.21 | 2.61 |
| Omega Ratio | 1.44 | 1.46 |
| Calmar Ratio | 2.06 | 2.57 |
| Martin Ratio | 14.53 | 13.95 |
| Ulcer Index | 1.91% | 1.43% |
| Daily Std Dev | 11.76% | 10.35% |
| Max Drawdown | -52.11% | -24.75% |
| Current Drawdown | 0.00% | -1.82% |
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Correlation
The correlation between ETV and QYLD is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
ETV vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) 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
ETV vs. QYLD - Dividend Comparison
ETV's dividend yield for the trailing twelve months is around 8.18%, less than QYLD's 11.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 7.51% | 9.25% | 10.59% | 7.96% | 8.68% | 8.91% | 9.88% | 8.67% | 8.98% | 8.71% | 9.47% | 9.51% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.67% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
ETV vs. QYLD - Drawdown Comparison
The maximum ETV drawdown since its inception was -52.11%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for ETV and QYLD. For additional features, visit the drawdowns tool.
Volatility
ETV vs. QYLD - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) is 2.55%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 3.54%. This indicates that ETV experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.