GNR vs. QYLD
Compare and contrast key facts about SPDR S&P Global Natural Resources ETF (GNR) and Global X NASDAQ 100 Covered Call ETF (QYLD).
GNR and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNR is a passively managed fund by State Street that tracks the performance of the S&P Global Natural Resources Index. It was launched on Sep 13, 2010. 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 GNR 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: GNR or QYLD.
Performance
GNR vs. QYLD - Performance Comparison
Returns By Period
In the year-to-date period, GNR achieves a -3.34% return, which is significantly lower than QYLD's 15.14% return. Over the past 10 years, GNR has underperformed QYLD with an annualized return of 4.66%, while QYLD has yielded a comparatively higher 8.17% annualized return.
GNR
-3.34%
-4.69%
-9.33%
1.96%
7.42%
4.66%
QYLD
15.14%
0.18%
8.78%
19.13%
7.00%
8.17%
Key characteristics
| GNR | QYLD | |
|---|---|---|
| Sharpe Ratio | 0.05 | 1.87 |
| Sortino Ratio | 0.17 | 2.54 |
| Omega Ratio | 1.02 | 1.45 |
| Calmar Ratio | 0.05 | 2.49 |
| Martin Ratio | 0.14 | 13.64 |
| Ulcer Index | 5.36% | 1.42% |
| Daily Std Dev | 15.47% | 10.34% |
| Max Drawdown | -51.37% | -24.89% |
| Current Drawdown | -9.45% | -2.53% |
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GNR vs. QYLD - Expense Ratio Comparison
GNR has a 0.40% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Correlation
The correlation between GNR and QYLD is 0.47, 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
GNR vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Natural Resources ETF (GNR) 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
GNR vs. QYLD - Dividend Comparison
GNR's dividend yield for the trailing twelve months is around 3.66%, less than QYLD's 11.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNR SPDR S&P Global Natural Resources ETF | 3.66% | 3.37% | 4.37% | 3.44% | 2.78% | 3.84% | 3.51% | 2.40% | 2.06% | 4.60% | 2.59% | 2.46% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.53% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
GNR vs. QYLD - Drawdown Comparison
The maximum GNR drawdown since its inception was -51.37%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for GNR and QYLD. For additional features, visit the drawdowns tool.
Volatility
GNR vs. QYLD - Volatility Comparison
SPDR S&P Global Natural Resources ETF (GNR) has a higher volatility of 3.74% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 3.56%. This indicates that GNR'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.