Correlation
The correlation between GYLD and XDTE is 0.25, 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.
GYLD vs. XDTE
Compare and contrast key facts about Arrow Dow Jones Global Yield ETF (GYLD) and Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE).
GYLD and XDTE 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. XDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GYLD or XDTE.
Performance
GYLD vs. XDTE - Performance Comparison
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Key characteristics
GYLD:
0.95
XDTE:
0.55
GYLD:
1.27
XDTE:
0.76
GYLD:
1.18
XDTE:
1.12
GYLD:
1.29
XDTE:
0.46
GYLD:
3.70
XDTE:
1.53
GYLD:
2.87%
XDTE:
5.70%
GYLD:
11.15%
XDTE:
16.80%
GYLD:
-54.12%
XDTE:
-19.09%
GYLD:
-0.60%
XDTE:
-7.69%
Returns By Period
In the year-to-date period, GYLD achieves a 9.84% return, which is significantly higher than XDTE's -3.70% return.
GYLD
9.84%
3.63%
4.97%
10.50%
6.03%
10.44%
1.32%
XDTE
-3.70%
6.32%
-5.85%
9.22%
N/A
N/A
N/A
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GYLD vs. XDTE - Expense Ratio Comparison
GYLD has a 0.75% expense ratio, which is lower than XDTE's 0.95% expense ratio.
Risk-Adjusted Performance
GYLD vs. XDTE — Risk-Adjusted Performance Rank
GYLD
XDTE
GYLD vs. XDTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Dow Jones Global Yield ETF (GYLD) and Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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
GYLD vs. XDTE - Dividend Comparison
GYLD's dividend yield for the trailing twelve months is around 11.91%, less than XDTE's 31.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GYLD Arrow Dow Jones Global Yield ETF | 11.91% | 12.89% | 7.13% | 4.64% | 5.50% | 7.42% | 7.81% | 8.17% | 6.78% | 7.29% | 10.35% | 7.94% |
XDTE Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF | 31.41% | 20.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GYLD vs. XDTE - Drawdown Comparison
The maximum GYLD drawdown since its inception was -54.12%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for GYLD and XDTE.
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Volatility
GYLD vs. XDTE - Volatility Comparison
The current volatility for Arrow Dow Jones Global Yield ETF (GYLD) is 4.12%, while Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) has a volatility of 4.57%. This indicates that GYLD experiences smaller price fluctuations and is considered to be less risky than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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