FTQI vs. QYLD
Compare and contrast key facts about First Trust Nasdaq BuyWrite Income ETF (FTQI) and Global X NASDAQ 100 Covered Call ETF (QYLD).
FTQI and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTQI is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 6, 2014. 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 FTQI 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: FTQI or QYLD.
Correlation
The correlation between FTQI and QYLD is 0.51, 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
FTQI vs. QYLD - Performance Comparison
Key characteristics
FTQI:
1.79
QYLD:
1.82
FTQI:
2.37
QYLD:
2.48
FTQI:
1.36
QYLD:
1.44
FTQI:
2.19
QYLD:
2.42
FTQI:
10.62
QYLD:
12.96
FTQI:
1.76%
QYLD:
1.45%
FTQI:
10.40%
QYLD:
10.30%
FTQI:
-18.60%
QYLD:
-24.75%
FTQI:
-2.16%
QYLD:
-0.11%
Returns By Period
The year-to-date returns for both stocks are quite close, with FTQI having a 18.30% return and QYLD slightly lower at 18.10%. Over the past 10 years, FTQI has underperformed QYLD with an annualized return of 5.88%, while QYLD has yielded a comparatively higher 8.38% annualized return.
FTQI
18.30%
2.55%
8.46%
18.23%
6.65%
5.88%
QYLD
18.10%
2.06%
9.31%
18.61%
7.16%
8.38%
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FTQI vs. QYLD - Expense Ratio Comparison
FTQI has a 0.75% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
FTQI vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq BuyWrite Income ETF (FTQI) 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
FTQI vs. QYLD - Dividend Comparison
FTQI's dividend yield for the trailing twelve months is around 12.56%, more than QYLD's 11.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | 12.56% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 3.27% | 2.77% | 3.04% | 3.32% | 3.30% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.46% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
FTQI vs. QYLD - Drawdown Comparison
The maximum FTQI drawdown since its inception was -18.60%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for FTQI and QYLD. For additional features, visit the drawdowns tool.
Volatility
FTQI vs. QYLD - Volatility Comparison
First Trust Nasdaq BuyWrite Income ETF (FTQI) has a higher volatility of 2.71% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 0.55%. This indicates that FTQI'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.