Correlation
The correlation between GOBSX and QYLD is 0.29, 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.
GOBSX vs. QYLD
Compare and contrast key facts about BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) and Global X NASDAQ 100 Covered Call ETF (QYLD).
GOBSX is managed by Legg Mason. It was launched on Oct 31, 2006. 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: GOBSX or QYLD.
Performance
GOBSX vs. QYLD - Performance Comparison
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Key characteristics
GOBSX:
0.85
QYLD:
0.34
GOBSX:
1.16
QYLD:
0.56
GOBSX:
1.13
QYLD:
1.10
GOBSX:
0.26
QYLD:
0.30
GOBSX:
1.07
QYLD:
1.01
GOBSX:
5.75%
QYLD:
5.60%
GOBSX:
8.19%
QYLD:
19.16%
GOBSX:
-29.04%
QYLD:
-24.75%
GOBSX:
-15.11%
QYLD:
-9.67%
Returns By Period
In the year-to-date period, GOBSX achieves a 9.59% return, which is significantly higher than QYLD's -5.59% return. Over the past 10 years, GOBSX has underperformed QYLD with an annualized return of 1.07%, while QYLD has yielded a comparatively higher 7.67% annualized return.
GOBSX
9.59%
0.57%
4.49%
6.50%
-0.32%
-0.08%
1.07%
QYLD
-5.59%
1.26%
-3.85%
6.20%
9.43%
7.91%
7.67%
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GOBSX vs. QYLD - Expense Ratio Comparison
GOBSX has a 0.56% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
GOBSX vs. QYLD — Risk-Adjusted Performance Rank
GOBSX
QYLD
GOBSX vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) 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.
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Dividends
GOBSX vs. QYLD - Dividend Comparison
GOBSX's dividend yield for the trailing twelve months is around 4.57%, less than QYLD's 13.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 4.57% | 3.80% | 0.09% | 6.70% | 2.30% | 0.31% | 1.56% | 3.93% | 4.85% | 1.87% | 2.62% | 4.97% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.78% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
GOBSX vs. QYLD - Drawdown Comparison
The maximum GOBSX drawdown since its inception was -29.04%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for GOBSX and QYLD.
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Volatility
GOBSX vs. QYLD - Volatility Comparison
BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) has a higher volatility of 2.16% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.90%. This indicates that GOBSX'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.
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