FGD vs. QYLD
Compare and contrast key facts about First Trust Dow Jones Global Select Dividend Index Fund (FGD) and Global X NASDAQ 100 Covered Call ETF (QYLD).
FGD and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGD is a passively managed fund by First Trust that tracks the performance of the Dow Jones Global Select Dividend Index. It was launched on Nov 21, 2007. 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. Both FGD and QYLD 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: FGD or QYLD.
Key characteristics
| FGD | QYLD | |
|---|---|---|
| YTD Return | 1.20% | 4.52% |
| 1Y Return | 6.53% | 13.16% |
| 3Y Return (Ann) | 1.23% | 3.48% |
| 5Y Return (Ann) | 5.03% | 6.51% |
| 10Y Return (Ann) | 2.94% | 7.42% |
| Sharpe Ratio | 0.46 | 1.64 |
| Daily Std Dev | 13.02% | 8.17% |
| Max Drawdown | -68.05% | -24.89% |
| Current Drawdown | -4.55% | -2.52% |
Correlation
The correlation between FGD and QYLD is 0.52, 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.
Performance
FGD vs. QYLD - Performance Comparison
In the year-to-date period, FGD achieves a 1.20% return, which is significantly lower than QYLD's 4.52% return. Over the past 10 years, FGD has underperformed QYLD with an annualized return of 2.94%, while QYLD has yielded a comparatively higher 7.42% 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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FGD vs. QYLD - Expense Ratio Comparison
FGD has a 0.59% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
FGD vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Global Select Dividend Index Fund (FGD) 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
FGD vs. QYLD - Dividend Comparison
FGD's dividend yield for the trailing twelve months is around 5.97%, less than QYLD's 11.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGD First Trust Dow Jones Global Select Dividend Index Fund | 5.97% | 6.44% | 5.74% | 5.35% | 6.17% | 5.19% | 5.88% | 4.01% | 4.36% | 5.07% | 5.18% | 4.51% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.89% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
FGD vs. QYLD - Drawdown Comparison
The maximum FGD drawdown since its inception was -68.05%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for FGD and QYLD. For additional features, visit the drawdowns tool.
Volatility
FGD vs. QYLD - Volatility Comparison
First Trust Dow Jones Global Select Dividend Index Fund (FGD) has a higher volatility of 4.15% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.86%. This indicates that FGD'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.