HIPS vs. QYLD
Compare and contrast key facts about GraniteShares HIPS US High Income ETF (HIPS) and Global X NASDAQ 100 Covered Call ETF (QYLD).
HIPS and QYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIPS is a passively managed fund by GraniteShares that tracks the performance of the TFMS HIPS Index. It was launched on Jan 6, 2015. 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 HIPS 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: HIPS or QYLD.
Key characteristics
| HIPS | QYLD | |
|---|---|---|
| YTD Return | 13.26% | 18.06% |
| 1Y Return | 22.07% | 22.59% |
| 3Y Return (Ann) | 3.75% | 5.35% |
| 5Y Return (Ann) | 5.10% | 7.70% |
| Sharpe Ratio | 2.36 | 2.25 |
| Sortino Ratio | 3.20 | 3.09 |
| Omega Ratio | 1.46 | 1.55 |
| Calmar Ratio | 2.44 | 2.92 |
| Martin Ratio | 18.77 | 16.09 |
| Ulcer Index | 1.19% | 1.41% |
| Daily Std Dev | 9.45% | 10.07% |
| Max Drawdown | -53.14% | -24.89% |
| Current Drawdown | -0.05% | 0.00% |
Correlation
The correlation between HIPS and QYLD is 0.41, 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.
Performance
HIPS vs. QYLD - Performance Comparison
In the year-to-date period, HIPS achieves a 13.26% return, which is significantly lower than QYLD's 18.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HIPS vs. QYLD - Expense Ratio Comparison
HIPS has a 3.19% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
HIPS vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares HIPS US High Income ETF (HIPS) 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
HIPS vs. QYLD - Dividend Comparison
HIPS's dividend yield for the trailing twelve months is around 9.96%, less than QYLD's 11.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HIPS GraniteShares HIPS US High Income ETF | 9.96% | 10.37% | 10.81% | 8.47% | 9.54% | 7.59% | 8.70% | 7.31% | 7.24% | 6.51% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.25% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
HIPS vs. QYLD - Drawdown Comparison
The maximum HIPS drawdown since its inception was -53.14%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for HIPS and QYLD. For additional features, visit the drawdowns tool.
Volatility
HIPS vs. QYLD - Volatility Comparison
GraniteShares HIPS US High Income ETF (HIPS) and Global X NASDAQ 100 Covered Call ETF (QYLD) have volatilities of 2.55% and 2.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.