IEP vs. QYLD
Compare and contrast key facts about Icahn Enterprises L.P. (IEP) 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: IEP or QYLD.
Correlation
The correlation between IEP and QYLD is 0.30, 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
IEP vs. QYLD - Performance Comparison
Key characteristics
IEP:
-0.56
QYLD:
1.97
IEP:
-0.57
QYLD:
2.69
IEP:
0.92
QYLD:
1.48
IEP:
-0.34
QYLD:
2.65
IEP:
-1.21
QYLD:
14.19
IEP:
20.96%
QYLD:
1.45%
IEP:
44.83%
QYLD:
10.40%
IEP:
-84.21%
QYLD:
-24.75%
IEP:
-73.97%
QYLD:
0.00%
Returns By Period
In the year-to-date period, IEP achieves a -31.62% return, which is significantly lower than QYLD's 19.32% return. Over the past 10 years, IEP has underperformed QYLD with an annualized return of -8.90%, while QYLD has yielded a comparatively higher 8.52% annualized return.
IEP
-31.62%
-13.52%
-32.72%
-30.65%
-18.12%
-8.90%
QYLD
19.32%
3.00%
10.81%
19.98%
7.37%
8.52%
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Risk-Adjusted Performance
IEP vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Icahn Enterprises L.P. (IEP) 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
IEP vs. QYLD - Dividend Comparison
IEP's dividend yield for the trailing twelve months is around 36.73%, more than QYLD's 11.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEP Icahn Enterprises L.P. | 36.73% | 34.90% | 15.79% | 16.13% | 15.79% | 13.01% | 12.26% | 11.32% | 10.01% | 9.79% | 6.49% | 4.11% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.35% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
IEP vs. QYLD - Drawdown Comparison
The maximum IEP drawdown since its inception was -84.21%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for IEP and QYLD. For additional features, visit the drawdowns tool.
Volatility
IEP vs. QYLD - Volatility Comparison
Icahn Enterprises L.P. (IEP) has a higher volatility of 8.18% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.64%. This indicates that IEP'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.