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:
-0.79
QYLD:
0.17
IEP:
-0.98
QYLD:
0.30
IEP:
0.86
QYLD:
1.05
IEP:
-0.44
QYLD:
0.18
IEP:
-1.30
QYLD:
0.71
IEP:
25.86%
QYLD:
3.22%
IEP:
42.90%
QYLD:
13.63%
IEP:
-84.21%
QYLD:
-24.75%
IEP:
-73.75%
QYLD:
-12.68%
Returns By Period
In the year-to-date period, IEP achieves a 10.85% return, which is significantly higher than QYLD's -8.74% return. Over the past 10 years, IEP has underperformed QYLD with an annualized return of -8.57%, while QYLD has yielded a comparatively higher 7.47% annualized return.
IEP
10.85%
-3.89%
-25.40%
-33.06%
-13.80%
-8.57%
QYLD
-8.74%
-6.83%
-3.80%
2.27%
9.33%
7.47%
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Risk-Adjusted Performance
IEP vs. QYLD — Risk-Adjusted Performance Rank
IEP
QYLD
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 32.86%, more than QYLD's 14.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEP Icahn Enterprises L.P. | 32.86% | 40.37% | 34.90% | 15.79% | 16.13% | 15.79% | 13.01% | 12.26% | 11.32% | 10.01% | 9.79% | 6.49% |
QYLD Global X NASDAQ 100 Covered Call ETF | 14.03% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
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 9.74% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 7.51%. 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.