GYLD vs. QYLD
Compare and contrast key facts about Arrow Dow Jones Global Yield ETF (GYLD) and Global X NASDAQ 100 Covered Call ETF (QYLD).
GYLD and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GYLD is a passively managed fund by Arrow Funds that tracks the performance of the DJ Brookfield Global Infrastructure Composite Yield. It was launched on May 8, 2012. 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 GYLD 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: GYLD or QYLD.
Correlation
The correlation between GYLD and QYLD is 0.31, 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.
Performance
GYLD vs. QYLD - Performance Comparison
Key characteristics
GYLD:
1.04
QYLD:
1.90
GYLD:
1.45
QYLD:
2.59
GYLD:
1.19
QYLD:
1.44
GYLD:
0.94
QYLD:
2.62
GYLD:
3.49
QYLD:
13.91
GYLD:
3.15%
QYLD:
1.46%
GYLD:
10.49%
QYLD:
10.72%
GYLD:
-54.11%
QYLD:
-24.75%
GYLD:
-1.55%
QYLD:
0.00%
Returns By Period
In the year-to-date period, GYLD achieves a 7.03% return, which is significantly higher than QYLD's 4.51% return. Over the past 10 years, GYLD has underperformed QYLD with an annualized return of 0.74%, while QYLD has yielded a comparatively higher 8.98% annualized return.
GYLD
7.03%
4.29%
2.82%
12.62%
3.92%
0.74%
QYLD
4.51%
2.11%
12.72%
21.07%
8.00%
8.98%
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GYLD vs. QYLD - Expense Ratio Comparison
GYLD has a 0.75% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
GYLD vs. QYLD — Risk-Adjusted Performance Rank
GYLD
QYLD
GYLD vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Dow Jones Global Yield ETF (GYLD) 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
GYLD vs. QYLD - Dividend Comparison
GYLD's dividend yield for the trailing twelve months is around 11.71%, more than QYLD's 11.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GYLD Arrow Dow Jones Global Yield ETF | 11.71% | 11.74% | 7.13% | 4.65% | 5.51% | 7.43% | 7.82% | 8.17% | 6.78% | 7.30% | 10.36% | 7.94% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.19% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
GYLD vs. QYLD - Drawdown Comparison
The maximum GYLD drawdown since its inception was -54.11%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for GYLD and QYLD. For additional features, visit the drawdowns tool.
Volatility
GYLD vs. QYLD - Volatility Comparison
Arrow Dow Jones Global Yield ETF (GYLD) has a higher volatility of 3.50% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.25%. This indicates that GYLD'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.