HYLG vs. SCHG
Compare and contrast key facts about Global X Health Care Covered Call & Growth ETF (HYLG) and Schwab U.S. Large-Cap Growth ETF (SCHG).
HYLG and SCHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYLG is a passively managed fund by Global X that tracks the performance of the Cboe S&P Health Care Select Sector Half BuyWrite Index - Benchmark TR Gross. It was launched on Nov 21, 2022. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009. Both HYLG and SCHG 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: HYLG or SCHG.
Correlation
The correlation between HYLG and SCHG is 0.46, 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
HYLG vs. SCHG - Performance Comparison
Key characteristics
HYLG:
0.28
SCHG:
2.05
HYLG:
0.42
SCHG:
2.68
HYLG:
1.06
SCHG:
1.37
HYLG:
0.23
SCHG:
2.91
HYLG:
0.83
SCHG:
11.49
HYLG:
2.78%
SCHG:
3.13%
HYLG:
8.36%
SCHG:
17.49%
HYLG:
-10.24%
SCHG:
-34.59%
HYLG:
-10.24%
SCHG:
-3.88%
Returns By Period
In the year-to-date period, HYLG achieves a 0.76% return, which is significantly lower than SCHG's 35.44% return.
HYLG
0.76%
-3.06%
-4.45%
1.83%
N/A
N/A
SCHG
35.44%
3.33%
10.58%
35.25%
19.99%
16.66%
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HYLG vs. SCHG - Expense Ratio Comparison
HYLG has a 0.60% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
HYLG vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Health Care Covered Call & Growth ETF (HYLG) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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
HYLG vs. SCHG - Dividend Comparison
HYLG's dividend yield for the trailing twelve months is around 7.35%, more than SCHG's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLG Global X Health Care Covered Call & Growth ETF | 7.35% | 6.98% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.42% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% | 1.07% |
Drawdowns
HYLG vs. SCHG - Drawdown Comparison
The maximum HYLG drawdown since its inception was -10.24%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for HYLG and SCHG. For additional features, visit the drawdowns tool.
Volatility
HYLG vs. SCHG - Volatility Comparison
The current volatility for Global X Health Care Covered Call & Growth ETF (HYLG) is 3.05%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.05%. This indicates that HYLG experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.