GSBD vs. QYLD
Compare and contrast key facts about Goldman Sachs BDC, Inc. (GSBD) 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: GSBD or QYLD.
Performance
GSBD vs. QYLD - Performance Comparison
Returns By Period
In the year-to-date period, GSBD achieves a -3.96% return, which is significantly lower than QYLD's 15.97% return.
GSBD
-3.96%
-6.14%
-10.33%
-2.61%
2.04%
N/A
QYLD
15.97%
0.36%
9.24%
19.42%
7.29%
8.45%
Key characteristics
| GSBD | QYLD | |
|---|---|---|
| Sharpe Ratio | -0.17 | 1.93 |
| Sortino Ratio | -0.13 | 2.61 |
| Omega Ratio | 0.98 | 1.46 |
| Calmar Ratio | -0.15 | 2.57 |
| Martin Ratio | -0.38 | 13.95 |
| Ulcer Index | 6.17% | 1.43% |
| Daily Std Dev | 13.97% | 10.35% |
| Max Drawdown | -62.67% | -24.75% |
| Current Drawdown | -14.92% | -1.82% |
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Correlation
The correlation between GSBD 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.
Risk-Adjusted Performance
GSBD vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs BDC, Inc. (GSBD) 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
GSBD vs. QYLD - Dividend Comparison
GSBD's dividend yield for the trailing twelve months is around 14.01%, more than QYLD's 11.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GSBD Goldman Sachs BDC, Inc. | 14.01% | 12.29% | 13.12% | 10.18% | 9.41% | 8.46% | 9.79% | 8.12% | 7.65% | 9.45% | 0.00% |
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% |
Drawdowns
GSBD vs. QYLD - Drawdown Comparison
The maximum GSBD drawdown since its inception was -62.67%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for GSBD and QYLD. For additional features, visit the drawdowns tool.
Volatility
GSBD vs. QYLD - Volatility Comparison
Goldman Sachs BDC, Inc. (GSBD) has a higher volatility of 5.17% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 3.54%. This indicates that GSBD'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.